Making $5K with $20K each month

who are you following? i'm interested in seeing the trades.

Quote from justatrade:

I'm no experienced daytrader, I play more on the investment end until I am ready to, but I make $2500-$3500 per week just following a daytrader in a forum.

I will learn to do this on my own, but I have no complaints with following someone.


michele
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Thank your for dropping by and tell us you couldn't do it. Next time I suggest you to read the thread first before embarrassing yourself.

FWIW, I've doubled my monthly goal in three weeks.


Cheers!



Quote from lolo24ca:

ah..I had the same plan 4 years ago.....I lost 12k first before making 5k a month...good plan looks good on paper. but trust me, the market has a surprise for you. Hope you succeed, no matter what don't give up. Good luck

:)

www.liuofmc.blogspot.com
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Using ascending and descending triangles are some of the best strategies to trade. Find the stocks have the potential to breakout the resistence (support) can make huge profits. One of the best way to find these stocks is through ascending/descending triangle scans.

With the spirit of sharing more of what I know/do with you guys, I will try to post my scans of the stocks which have formed ascending/descending triangles each weekend. These stocks could have good swings in the coming week.

You can click these tickers to refresh how they do each day.

Today's scan - stock price is over $5:

(ascending triangle 30 stocks):

http://tinyurl.com/2bswg3

With MAs on the chart:

http://tinyurl.com/2e5lvj

Another filter generates a few different stocks:

http://tinyurl.com/39e7gb

Descending triangle (30 stocks):

http://tinyurl.com/39g96h

I'll refine the scanner to add $1-5 stocks, but need to filter out these with less than 1 million volume stocks.
 
Buying on dip - 50 day MA and 200 day MA has been used by many investors/traders as the support/resistence. This scan lists stocks have just off the recent high and have better chance to bounce from 50 DMA in the coming week, good swing trading stock:

http://tinyurl.com/3xdsd3
 
wouldn't these scann provide result for longer term trading lasting at least 3-10 days? while you are doing shorter term with the majority of your trade within one day and the most 1.5 days?
 
First, find the stocks likely to move and find the trend on these stocks. Play along with the daily/weekly trend (confluence) and supports/resistences.

Add them to my watch list, I don't buy them right away, dead money if they won't move. I watch the volume and trendlines, play the hourly/15 minutes/5 minutes top/bottom, these time frames give you good 1 or 2 day's entry/exit.



Quote from yc47ib:

wouldn't these scann provide result for longer term trading lasting at least 3-10 days? while you are doing shorter term with the majority of your trade within one day and the most 1.5 days?
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I believe DNDN will be one of the best trading stocks for the week because of the FDA's final decision is this week. On DNDN's last run, CEGE is moving along with it even though CEGE is developing a competiting drug. Play CEGE appears less risky than DNDN - if DNDN is approved, folks would think CEGE's cancer drug has a good chance to be approved too (run like last time), if DNDN is denied, some folks believe CEGE has just eliminated a competitor.

I'll take a position on CEGE on a dip today.
 
Someone asked me the margin interests of my new broker, here it is, I paid $.11 interests and they paid me $23.97 for last month:

General Margin 4/30/2007 8.950% 03/31-04/30 $17 Interest Collected -0.12 USD
Money Market 4/30/2007 4.379% 04/18-04/30 15368 Money Market Dividends Paid 23.97 USD
 
I posted some charts on GOOG last night, I think is bounce to $280s if it can break that trendline - passes and closes above $272.50:

smallcap05.png

smallcap03.png

smallcap02.png

smallcap04.png
 
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