Archive for the 'Trading Ideas Update' Category

November 11th 2007

Trading Ideas Update

The AMTD trade has been stopped back at break even.

The AGU trade is doing ok considering the overall market.

Same deal with the KGC trade. Still in it untill forced out.

The SINA trade has been stopped.

The GSOL trade has been stopped.

The IBM trade is sitting on the other side 2.5R.

The FCX trade never set up.

The APA trade is still open, but just below my entry.

The EDU trade is doing ok. Not quite 1R.

Stay tuned!

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November 4th 2007

Trading Ideas Update

Let’s review trades featured on this site that are open or were closed this week.

The AMTD trade briefly pierced it’s 50 day SMA, but managed to rally and stay above this important zone of support.

The AGU trade is almost to 3R.

The KGC trade is now around 5R.

The SINA trade is sitting just a little bit over 1R.

The GSOL trade has been stopped.

The IBM trade didn’t setup, but I still like it under 111.

The latest FCX trade hasn’t setup yet. I still like the stock over 120 to 122. A hammer has formed and for a risk of 2 bucks, you could make 6 if it goes back to 120. I will probably take the trade if it breaks 114, but that’s the last you’ll hear of it here :)

See you tomorrow!

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October 28th 2007

Trading Ideas Update

It’s Sunday which of course means it’s time to review open trades featured on this site as well as any positions that were closed this week.

The AMTD trade is consolidating above its 50 SMA.

The AGU trade is sitting close to 2.5R.

The KGC trade is now around 2.5R.

The SINA trade is at about 1R for me.

The GSOL trade is at 1R.

Longs seem to be working but barely. Look at the DOW and COMPQ I can’t stop think the market will turn lower. I’m having a battle internally. I want to take my profits on my longs and start shorting.

But that’s not my method. My trades need to stop themselves out. Letting the market dictate your action is very important for long term profitability. I’ve closed my longs before based on “fear” that the market was headed lower, only to have the market keep going higher.

See you Monday!

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October 21st 2007

Trading Ideas Update

Well, the Dow Jones Industrial average was down almost 3% same with the NASDAQ. As a result, most of the longs I initiated over the past couple of weeks have been stopped or are close to being stopped out.

The AMTD trade is approaching the 50 SMA. Stops are set at my initial entry of 17.99.

The TNH and CSCO trades have been stopped at breakeven.

The AGU trade is sitting at about 1R.

The GT trade is no longer valid as the pattern has been broken.

The KGC trade is still open.

The SINA trade is sitting at breakeven.

The SFD trade has been stopped.

The GSOL trade is close to breakeven. The day trade worked out well, but the position trade is close to being stopped.

No more new longs for me. We’ve broken through what was the third move up in the DOW, and the NASDAQ is at the 2724 area of support. I’ve got some shorts on my scans. Will share tomorrow morning.

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October 14th 2007

Trading Ideas Update

Time to review open and featured trades over the past week.

The AMTD trade is still moving well. I am a little over 2R, but I’m going to let it fall back into the 10 SMA and see what it does.

The TNH trade and CSCO trade are still open.

The AGU trade is doing well. Sitting at 3R right now.

The GT trade hasn’t gone anywhere. It looks like it’s forming a handle with an entry over the 31.40 area. I’m going to hold to see what happens with this potential handle.

I got in the SINA trade at 52.00. We’ll see what happens.

The WYNN bear flag is no longer valid.

The SIF trade should have broken out by now. The pattern is no longer valid.

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