The adventures of a new Trader

I got some good trades going in both VLO and ISRG, but I want to somehow get involved in aapl

I've decided to take a small 60 shr position in the stock, even though it looks like a possible short.

I'll also be looking at RACK...it might bounce tomorrow :)
 
Ok, forget tech for now. I found another stock ( CAH ) that has had an impressive move in the last 5 days averaging one point a day!.

I'm getting an over-bought reading on MFI, price has penetrated the upper BB's

CAH ( Cardinal Health, Inc. ) reports on the 25th on this month and estimates are expected to be a +.78 a share.

I'm going to hold this for just one day, and see if I can make something on the pullback.

Cardinal Health, Inc. http://stockcharts.com/h-sc/ui?s=CAH&p=D&yr=0&mn=4&dy=0&id=p67249541112
 
People are scared about this market, and they are moving into health care stocks. I don't believe you will find that shorting healthcare is a good proposition at this time, but by all means do what you feel.
 
Drugs, consumer staples, utilities, and almost anything medical are considered safe havens until people know where to put their money. If the nasdaq comes back then some money will move out of these stocks, but not until then.

And as always, this is just an opinion. Before I go long or short any stock I always look at the trend of the sector. This sector has moved up sharply for the last 5 days on increasing volume.
 
Quote from HolyGrail:



And as always, this is just an opinion. Before I go long or short any stock I always look at the trend of the sector. This sector has moved up sharply for the last 5 days on increasing volume.
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Where do you get your charts / information for a certain sector??

I go to yahoo finance, but the longest time period for a sector on their website is only 5 days! :mad: .. like it shows here

http://biz.yahoo.com/ic/521.html
 
CM69,

Did you adjust your stop loss for Sndk and/or other stocks? Its because I noticed Sndk actually hit below your stop loss of $43.8 a few times between your buy date and sell date. Noticed this thing previously on another of your other stocks too. Thks



Quote from cashmoney69:

1/9/07

Bought 100 PNRA @ 56.73

1/11/07

Sold 100 PNRA @ 57.48

Stops: 56.30
PT: 59.00 (missed)

profit 61.00 after coms

review:

I sold this because of a weak trend on daily charts, and it's WAY TOO choppy on the 60 minute chart making it hard to really find any s/r.

--

1/8/07

Bought 80 SNDK @ 44.24

1/11/07

Sold 80 SNDK @ 44.66

Stops: 43.80
PT: 46.00 (missed)

profit 19.60 after coms

review:

Just felt like selling before SNDK slipped even further negative, and to free up some more cash.
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Quote from billp:

CM69,

Did you adjust your stop loss for Sndk and/or other stocks? Its because I noticed Sndk actually hit below your stop loss of $43.8 a few times between your buy date and sell date. Noticed this thing previously on another of your other stocks too. Thks
More...

Yes, sometimes I adjust my stops according to what I think might happen. For example, if I'm up say 3.50, and my stock gaps down 1.50, then I'll probably cancel my stop, and sell at the market to protect whatever I have left. Or sometimes if the stock is trading sideways, I'll just get bored with my position and take whats on the table.

If I could only walk away after a trade, this wouldn't be a problem, but because I watch my positions for most of the day, emotions do play a part when it comes to my p/l.

I hate to admit, I bought VLO and ISRG 11 days ago and still dont have stops in place. I know money management is key to trading, but I seem to have a problem with this most basic of rules. :eek:
 
Thanks. Good luck. If you don't have a hard stop at least have some sort of mental stop.

Quote from cashmoney69:

Yes, sometimes I adjust my stops according to what I think might happen. For example, if I'm up say 3.50, and my stock gaps down 1.50, then I'll probably cancel my stop, and sell at the market to protect whatever I have left. Or sometimes if the stock is trading sideways, I'll just get bored with my position and take whats on the table.

If I could only walk away after a trade, this wouldn't be a problem, but because I watch my positions for most of the day, emotions do play a part when it comes to my p/l.

I hate to admit, I bought VLO and ISRG 11 days ago and still dont have stops in place. I know money management is key to trading, but I seem to have a problem with this most basic of rules. :eek:
More...
 
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