Well, another small kind of annoying loss day for me as I continue to seek out the "perfect" opportunities to trade. Each day we are making little tweaks to our strategy and yeah, it seems like we are taking a lot of small losses, but these are all so that we can develop the system with an effectiveness that is scalable to huge size...so again I remain confident that hopefully by the end of this week we will nail at least a couple good opps to prove the strategy works. There just hasn't really been a lot out there that we were in sync on so far...Thursday was our first day so we went tiny size, Friday I missed our bullet EJ, Monday we both passed on HIMX as it failed to hold 15, and today neither of us had shares of BLDP, FCEL or PLUG, haha. Anyway, these losses are miniscule so I don't really care...down about 75 bucks today and most of it was commission, so whatever. You'll probably notice over the last few days that my losses have been extremely small and winners seem like they are in stocks I should have made money on (like OPTT today). This is because the losses are taken quickly but the winners we are attempting to let run to very aggressive targets and they often come back, since when we are trading 10k or 20k shares of these things we do not want to be taking 20c gains. We want them to be month makers that make us $10-20-30k each.
Anyway the market itself is pretty choppy still so that is affecting the follow through I think, but I created a small new list of things to watch and will be continuing to focus on intraday movers and look forward to posting some big ass gains later this week!
CUR long over $3.84 for a big range breakout
TRX long over $2.67 for a 200dma break
MSO long over $5.40, then ultimately $5.50 for a flag breakout
I'm also eyeing MUX, ANV, IDRA and CRAY for swings. CRAY will probably be more of a day trade though ... over 39 bucks.
Hope y'all are having a good week! Though I have posted nothing but losses this week I am actually still super pumped about this new partnership because I can see the potential and as we stop being so conservative and get into our groove I'm really excited to show you guys what you can do in the market if you develop a strong strategy!
Chris
DISCLAIMER: I am a day/swing trader. LONG means I'm expecting price to go up, not that it's a long term trade. SHORT means I'm expecting price to go down, not that it's a short term trade. Just because I post these here does not necessarily mean I'm buying/shorting them. They are ONLY ideas, may not be traded at all, and if I do take them, 99% of the positions will be closed by the end of the day. One other thing...any swing recommendations should be taken w/ extreme caution - lock in some profits as I am not checking these to see if they have earnings or anything before posting, so if they do they could make crazy moves. Do your own DD on them. If ya have any questions, feel free to ask below and as always, share your ideas too. The more the merrier!
Submitted March 11, 2014 at 10:27PM by greenbartrading http://ift.tt/1kgAJv1
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