Momentum stocks journal

Quote from Trend Fader:

Thats a huge position.. the stock is super volatile.

WHat is your account size?
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right now its at about 18k...so its large relative to the account, but again this is just a trial account so I might as well swing some size and make it worth my time..right now the trade seems like a real bust.
 
Quote from Htrader:

right now its at about 18k...so its large relative to the account, but again this is just a trial account so I might as well swing some size and make it worth my time..right now the trade seems like a real bust.
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Huh? Account is 18k and it seems you bought about 26k of GOAM.
Did you margin this with IB? I wouldn't think you could buy a
stock this low with margin...

And why did you wait so long to buy in? Looks like you bought at
the top of it's breakout?...

If you were an Elliot Wave user you bought at the top of the 3rd
wave. I don't use Elliot Wave so what the hell am I talking about?... :confused:
 
Quote from version77:

Huh? Account is 18k and it seems you bought about 26k of GOAM.
Did you margin this with IB? I wouldn't think you could buy a
stock this low with margin...

And why did you wait so long to buy in? Looks like you bought at
the top of it's breakout?...

If you were an Elliot Wave user you bought at the top of the 3rd
wave. I don't use Elliot Wave so what the hell am I talking about?... :confused:
More...

IB allows 2-1 margin with this stock, and since i'm not using this account for anything else, I'm maxing the margin.

And yes the trade has essentially blown up. At this point, I'll need some major follow through to pull me back to even. although I should be able to exit at 0.6 in a couple days at the worst if we dont' see a huge nasdaq collapse.

I don't use any elliot wave, I am purely trading on momentum...which means I buy when stocks are going higher.

I'm still confident that once I work out the kinks in this strategy it should be a huge moneymaker.
 
I don't believe a thing you've said on this entire thread....

But if what you say is true, someone here better call Shady Meadows Insane Asylum & get them to turn off the computers before you lose everything.....
 
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