$VRML - I mean, VRML is a piece of crap anyway, but sometimes piece of crap stocks follow great patterns.
$SRT
Entry: 2.53
Exit: 2.30, 2.11, 1.93
Stop: Above 2.62
Sunday, May 13, 2012
Popper Retrace
Sometimes I see read popper, but see pooper...doesn't matter. This is what I call the Popper Retrace and this is an invitation to see if this strategy I have actually works. I don't even know if its going to work this time around, really I don't.
I call it Popper Retrace. Why? Cuz the stock pops one day, drops the next, and then will retrace back to the 50% move of the 2nd day...and then continue to fall. This is a shorting strategy, and would obviously do much better if the market turns weak on the third day of the stocks move.
First a couple examples...
$VRML - I mean, VRML is a piece of crap anyway, but sometimes piece of crap stocks follow great patterns.
$AEZS
Next, a live example that you can watch play out before your eyes if you desire.
$SRT
Entry: 2.53
Exit: 2.30, 2.11, 1.93
Stop: Above 2.62
$VRML - I mean, VRML is a piece of crap anyway, but sometimes piece of crap stocks follow great patterns.
$SRT
Entry: 2.53
Exit: 2.30, 2.11, 1.93
Stop: Above 2.62
Sunday, March 25, 2012
Funny how I put this post out on HDY and PEIX, and both of them worked out how I thought they would. Click HERE
HDY - On a similar note, I think being positioned in HDY now is good. A lot of people are looking for that 1.52 breakout, and when it comes it is going to be a mad rush to get in. We could see this thing at 2.00 (which happens to be its 50dma currently) in no time on that day or the next.
QPSA - A great play from here on out in my opinion. Targets are marked on the chart
AONE - A mention from a great trader out here on twitter @bmanmicrocaps. The guy knows what he's talking about and I like the look of the chart from right here.
HDY - On a similar note, I think being positioned in HDY now is good. A lot of people are looking for that 1.52 breakout, and when it comes it is going to be a mad rush to get in. We could see this thing at 2.00 (which happens to be its 50dma currently) in no time on that day or the next.
QPSA - A great play from here on out in my opinion. Targets are marked on the chart
AONE - A mention from a great trader out here on twitter @bmanmicrocaps. The guy knows what he's talking about and I like the look of the chart from right here.
Tuesday, January 31, 2012
$PEIX and $HDY Technical Analysis
PEIX price action has been interesting lately. It appears as if the price action is pretty similar to December time. I would like to see an increase in volume tomorrow compared to today, and that would confirm to me that this move is going to do a copy cat to December.
HDY off the base was an amazing move. Direct offering to raise capital caused this thing to drop it like its hot on Monday afternoon. The 5 minute chart intraday tells me there are still buyers on this dip...that and shorts covering. If we can hold these levels marked, we should be good...especially if we can hold this ascending base trendline. Any drop below $2.00 and I would short this thing.
HDY off the base was an amazing move. Direct offering to raise capital caused this thing to drop it like its hot on Monday afternoon. The 5 minute chart intraday tells me there are still buyers on this dip...that and shorts covering. If we can hold these levels marked, we should be good...especially if we can hold this ascending base trendline. Any drop below $2.00 and I would short this thing.
Wednesday, January 11, 2012
How I lost $13.98 on EK, but SHOULD have made over $2k
I lost commission on EK. I'm ok with just that. But I could have day traded EK a lot better than I did. Premarket volume was impressive. When premarket volume is high, the price of the gap up matters more.
I will tell you I hate the "COULD HAVE" phrase with trading...cuz if you could have, then why didn't you? And if you didn't, then your could have statement holds no water. Real executed trades are the real test, however, I think evaluating reasons why you "SHOULD HAVE" can be very valuable. That being said, here we go.
1. Considering premarket activity, I SHOULD have considered a buy premarket. EK gapped in the premarket to over the HOD (high of day) and then retraced back down to the 20 dma. A bounce off of this area would have been PERFECT.
2. The second area I SHOULD have jumped in for the trade was as it again broke yesterdays high.
3. The third area I SHOULD have jumped in for the trade was on the breakout of the high in premarket trading.
Jason Bond is a great guy, smart trader and he was monitoring this one for a safe entry. (If you don't know who that is, check the right tool bar or click HERE. All that info on his site is free up until Monday the 16th. After that, it's going to be only for subs.) Anyway, I jumped in at .78 and had a stop at my buy price right away because I didn't want to risk losing any more than $13.98 on this one trade. That was my plan going into it, and didn't want to deviate from that plan, because I have lost money from my previous deviations.
I have no regrets of keeping my stop at my buy price at all. This was a great lesson to learn from. Next trade like this will be executed quite a bit better. I know the "if only I did this..." shouldn't be considered all the time, because the real trade is all you have. No regrets, just lessons.
I will tell you I hate the "COULD HAVE" phrase with trading...cuz if you could have, then why didn't you? And if you didn't, then your could have statement holds no water. Real executed trades are the real test, however, I think evaluating reasons why you "SHOULD HAVE" can be very valuable. That being said, here we go.
1. Considering premarket activity, I SHOULD have considered a buy premarket. EK gapped in the premarket to over the HOD (high of day) and then retraced back down to the 20 dma. A bounce off of this area would have been PERFECT.
2. The second area I SHOULD have jumped in for the trade was as it again broke yesterdays high.
3. The third area I SHOULD have jumped in for the trade was on the breakout of the high in premarket trading.
Jason Bond is a great guy, smart trader and he was monitoring this one for a safe entry. (If you don't know who that is, check the right tool bar or click HERE. All that info on his site is free up until Monday the 16th. After that, it's going to be only for subs.) Anyway, I jumped in at .78 and had a stop at my buy price right away because I didn't want to risk losing any more than $13.98 on this one trade. That was my plan going into it, and didn't want to deviate from that plan, because I have lost money from my previous deviations.
I have no regrets of keeping my stop at my buy price at all. This was a great lesson to learn from. Next trade like this will be executed quite a bit better. I know the "if only I did this..." shouldn't be considered all the time, because the real trade is all you have. No regrets, just lessons.
Monday, January 9, 2012
It's been a week...Watchlist time
So I've been studying trying to perfect a specific pattern in trading lately...so I haven't posted in a while. I am watching a nice group of stocks ready to breakout, or that have settled nicely. Not much extensive research on all of these because I don't have much time.
1. PEIX - I like this one if it can hold $1.00
2. FOE - I like the break of 5.19. Short interest sitting at 5 days with 7% short. I like the increase in volume the past 3 days. This is actually my top watch for tomorrow.
3. AMD - 14% short 6 days to cover. I like the bump off consolidation
4. DVAX - I like this on a morning pullback.
1. PEIX - I like this one if it can hold $1.00
2. FOE - I like the break of 5.19. Short interest sitting at 5 days with 7% short. I like the increase in volume the past 3 days. This is actually my top watch for tomorrow.
3. AMD - 14% short 6 days to cover. I like the bump off consolidation
4. DVAX - I like this on a morning pullback.
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