Agrhhh, now come difficulties in judging what would I do.
Portfolio:
BIDZ
Since I decided to track close prices, BIDZ is sold for 17.70 (stop-loss). Interesting thing is that I was watching during the day and saw it going to 21.5 and 22 in the first 1/2 hour. Logical thing would be to sell over 22 because of the fast swing up. Would I do it? I hope yes. Lesson taken: "Watch the prices at least first trading hour." (Of course also last for buying at closing prices)
ARO - bought on 27/11 at 26.56. Reasons are that it closed above 26 with high volume. Also previous day higher low is good sign
DLB - bought 26/11 at 46.96; Very close to 47 and traded above that during day.
Update on Watchlist:
ANH - waiting for long white candel with volume to decide about further action
DIVX - waiting for 18.3
FSLR - still waiting for 220 break
KND - still waiting for above 25, although I had temptation to buy it because of increasing volume (of course imaginary trade)
ONXX - similar to KND but waiting for 56. Lesson: "They (experienced traders etc.) probably know why are they so often repeating not to fight with market but to wait what it will do and follow"
SRS
- seems it will not come down to levels where I would consider entering in. There is nice thing on the chart of SRS. See how the two days (11-Oct and 31-Oct) made a line which was support on 14-Nov. It is really amazing to saw this patterns again and again. Hopefully, I will be able to trade them profitably one day.
- Anothe observation is that 14-Nov and 23-Nov created another line of support that is much steeper. Since I can't imagin more steep support line I would say that once breaken the price will go down. (Let's see after a week or two if I was right)
MZZ - very the same comment as for SRS (Are they from the same sector? Uhh man, I think I should read something about ETFs )
TWM - brother of SRS and MZZ (I mean all are ETFs and act similarly)
SKF - upsa, upsa, another ETF; shoulda watch what I'm selecting for portfolio.
VCI - lets keep it for couple of more days on watchlist. Maybe there will be lesson in it when leaving this price level
Tuesday, November 27, 2007
Monday, November 26, 2007
Long Plays - update 1
Well, what would I do with the previosly selected list? In general, I would have approach not to buy anything based on 23-Nov data due to very light day.
ARO - closed above 26 as I wished. I would wait for 26-Nov if the price was in green at aroud 10:00 with average volume and buy. (If not gapped too high)
ANH - same as ARO. Waiting for 10:00 price
BIDZ - big step and big volume (considering limited trading hours) so I bought at close (19.94)
DIVX - waiting for 18.30
DLB - waiting for above 47
KND - waiting for above 25
ONXX - waiting for 56
SRS - waiting till where it will drop
MZZ - they say don't chase the price so waiting for it to come to me at around 58
TWM - nice drop. Waiting for finding support level
New entries for watchlist:
FSLR - waiting for 220 break with volume (as many others, I expect)
SKF - waiting for going lower
VCI - must close above 13.5
MoneyManagement rule I set is equal postions; 5,000 USD per position (imaginary 30,000)
My imaginary portfolio now consists of:
BIDZ at 19.94 (250 shr); initial stop-loss at 17.70; target price 22+ (I'll see on daily basis what is the dynamics of the price)
ARO - closed above 26 as I wished. I would wait for 26-Nov if the price was in green at aroud 10:00 with average volume and buy. (If not gapped too high)
ANH - same as ARO. Waiting for 10:00 price
BIDZ - big step and big volume (considering limited trading hours) so I bought at close (19.94)
DIVX - waiting for 18.30
DLB - waiting for above 47
KND - waiting for above 25
ONXX - waiting for 56
SRS - waiting till where it will drop
MZZ - they say don't chase the price so waiting for it to come to me at around 58
TWM - nice drop. Waiting for finding support level
New entries for watchlist:
FSLR - waiting for 220 break with volume (as many others, I expect)
SKF - waiting for going lower
VCI - must close above 13.5
MoneyManagement rule I set is equal postions; 5,000 USD per position (imaginary 30,000)
My imaginary portfolio now consists of:
BIDZ at 19.94 (250 shr); initial stop-loss at 17.70; target price 22+ (I'll see on daily basis what is the dynamics of the price)
Thursday, November 22, 2007
Long Plays - ta
The idea is to select stocks which have stable slope up and have increased 20% - 30% during last 20 - 30 days with volume of min 400 a day. That means no big gaps up and no short-term runs that would create these 20%.
List these stocks and wait for them to retreat to sma(20). Than wait for day up to buy.
Easy rules so lets see what portfolio I can create from these.
As of 22-Nov I have picked following stocks with remarks:
ARO - waiting for green day and cross of $26
ANH - buying next day on green
BIDZ - waiting for retreat and touch of sma(20)
DIVX - well, this one gapped up but now I'm waiting to close above 18.3 with volume above 800k
DLB - this one should close above 47 and with volume to buy it
KND - waiting to close above $25 with 700k+ volume
ONXX - needs to close above $56 and volume close to 2mil
SRS - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
MZZ - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
TWM - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
List these stocks and wait for them to retreat to sma(20). Than wait for day up to buy.
Easy rules so lets see what portfolio I can create from these.
As of 22-Nov I have picked following stocks with remarks:
ARO - waiting for green day and cross of $26
ANH - buying next day on green
BIDZ - waiting for retreat and touch of sma(20)
DIVX - well, this one gapped up but now I'm waiting to close above 18.3 with volume above 800k
DLB - this one should close above 47 and with volume to buy it
KND - waiting to close above $25 with 700k+ volume
ONXX - needs to close above $56 and volume close to 2mil
SRS - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
MZZ - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
TWM - waiting to reatrea and touch of sma(20); once this happen I will see where to enter.
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