Owner: A Trade A Day URL:www.atradeaday.com Join Date: Tue, 18 Sep 2007 14:00:04 -0500 Rating:0 Site Description: A source for trading ideas. Site statistics:Click here
Jumping on the BlogRush Bandwagon 2007-09-17 22:31:32 I’m jumping on the BlogRush bandwagon. If you don’t have the widget. Get it here. BlogRush is a “Cooperative Syndication Network”. By adding the blogrush widget to your blog you, BlogRush will distribute your posts to other blogs with the widget.
The number of times your blog is displayed in the blog rush widget is based on how many times the blogrush widget loads on your blog. So each time someone goes to your blog, you earn a syndication credit. So, as the video says, if you get 100 page views/day, you earn the right to have a blog post displayed on the BlogRush widget 100 times/day. You also earn syndication credits for other bloggers that add the widget to their site, meaning their page views count towards the number of your blog posts that get shown on the network.
It’s viral, it’s free, and it is catching on quickly. If you’re not signed up, click here to get it now! Like the best investments, the ones that are going to profit will be the Read more:Jumping
, Bandwagon
Change in theme. 2007-09-17 21:31:56 I’ve decided to switch to a different wordpress theme. Newsportal 1.0 just wasn’t getting it done. It was a good minimalist theme, but it just didn’t have the polish I was looking for. I’ve switched to emerald 1.0 which I think looks nice. I’ve changed themes in the past. Trying to find just the right theme is leading to believe I’ll need someone to customize a theme for me.
A big part of my blogging is using charts to illustrate my points. I’ve found some good themes, but they don’t format the picture files to fit. The current theme seems to be large enough to accommodate my charts and looks good. Let me know what you think.
Read more:Change
A free tool to find good trades 2007-09-16 21:07:17 One way to find good trades is with Industry groups. Using my personal methodology I look for Industry groups that are moving and then select the individual stocks within that group that are forming tradeable patterns. William O’Neil’s CANSLIM method is a popular methodology that uses this strategy.
Let me give you a specific example. Last week, I posted a potential trade in FCX. Let’s breakdown where this trade came from.
The first thing I did was find an industry group that was moving up. I think the market is in an uptrend so I wanted to find industry groups that were moving in sync with the market. There are alot of resources out there that you can use to find Industry groups and the stocks that they represent. I like free so I was using the industry screener on www.marketwatch.com. Please note that these screen shots are as of Sunday 9/16 and not from Tuesday 9/11 when I posted thee FCX trade.
Looking at the industry screener for 1 month performance, we see that Read more:free tool
Managing my Blogroll 2007-09-14 04:51:25 I’ve put this off for a long time, but networking is critical to the success of a blog. I’m in the process of adding sites to my blogroll. The thing is, I want to add sites that I actually read. Like most of us, I’m pressed for time. I don’t want to waste your time with a list of blogs just to have one.
So, for the foreseeable future I’ll be adding blogs that I think are relevant, interesting, and/or just cool. I’ll also see if I can separate them by some kind of category.
To start things off, I’m adding stocktradingtogo.com. STTG has daily articles about trading and various financial topics as well as site reviews. I check this one daily. Blain does a good job updating the blog consistently and his articles are always interesting. His stock market education section is well developed and contains a slew of useful articles for the new investor as well as the more experienced trader who just needs a reference.
Definitely a favorite blog of mine Read more:Blogroll
Swing Trade Long ALXN: Entry: 65.50 Stop: 63.00 Target: 74.00 2007-09-13 04:50:12 Good morning!
A great day to be alive as is every day. Each day is filled with opportunity. You just need to know where to look.
Industry groups or sectors are an excellent way to find individual stocks. Today we’re going to look at Biotechnology. Judging from the industry chart, biotech stocks are already on the move.
I missed one:
and this one too:
ALXN is going to give me a shot. it looks like it is basing after forming a cup. With sides as steep as these, it’s more like a pot. But volume is decreasing as the base continues to form which is positive. I’m going to take ALXN somewhere in the 65.50’s.
Read more:Entry
, Trade
, Target
Swing Trade - Long FCX Entry: 92.15 Stop: 86.50 Target: 107.00 2007-09-11 21:12:52 Tonight’s trade is brought to you by FCX. FCX has run up after bouncing of its 200 SMA. The stock flirted with it’s 50 day SMA then retreated. FCX is now over it’s 50 SMA, forming a base and is poised to move higher.
Now the negative. The stock isn’t exactly consolidating at all time highs. When it does move, there will some resistance all the way to 100. Numbers that end in zero have the tendency to act has resistance/support so I wouldn’t be surprised to see FCX bounce off 100 again. If 100 is cleared, I’ll let my stops kick me out, but I’ll most likely be looking to exit around 107.
The chart…
Read more:Entry
, Trade
, Target
Swing Trade - Long AMTD Entry: 17.94 Stop: 17.25 Target: Open 2007-09-10 22:11:50 Today’s trade was inspired by an article on Blain Reinkensmeyer’s blog, www.stocktradingtogo.com. The piece is entitled “Warning: Bullish Engulfments Can Make You Big Profits.” It’s a good introduction to a profitable candlestick pattern. Blain also provides some actual examples which is appreciated.
I figured I would spend some time searching for a tradeable bullish engulfing pattern and post it here. Fortunately, I didn’t have to look long. www.stockcharts.com has many free scans, including multiple candlestick pattern scans. I found tonight’s trade here.
AMTD has formed a bullish engulfing pattern. Moving in AMTD’s favor you have the 200 day SMA and 20 day SMA. Although the price has broken the 200SMA level, I treat support and resistance more as zones then exact numbers. So in my experience the 200 day SMA will still provide support.
The negative I see at this time is AMTD will need to get past its 50 day SMA. Also the market trend Read more:Entry
, Trade
, Target
Day Trade ANET 2007-07-25 20:59:40 ANET is another example of an extreme with opportunity.
What we’re seeing is 4 down days in a row.After a nice climb, the stock has hit hard times. It’s gapped down and its downward spiral has not abated. So where’s the opportunity? Well, there are no guarantees, but what I would like to see is tomorrow’s session open above today’s close and continue higher. If you really want to put the screws to ANET, we can hope the stock gaps above yesterday’s high and move higher. A gap over yesterday’s high would technically be an OOPS trade, as sellers yell “OOPS!” and hit their buy button to cover their shorts. I think “Oh Shit” would have been a better name for the formation.
Anyway, like I said, no guarantees this is going to pan out, but it’s just one of many formations that gives you that added edge in trading.
Read more:Trade
Day Trade AMZN 2007-07-24 20:02:37 AMZN released their quarterly earnings today. The stocks is currently trading up over 20% from today’s close. Many times I felt that pang of envy in my stomach from not catching it. That’s a huge gain in one day to miss out.
But, as I aways say, there’s opportunity in extremes. Look, the stock is going to do one of three things tomorrow. It’s going to continue up, move lower, or stay flat. No duh, right?
Well, the good thing is we know that AMZN has the attention of the investing public. Up or down, the move should be sharp. That will make for a more profitable day trade.
Let’s look at an example. FTEK had the same sort of action.
It will take flexibility on your part to trade AMZN tomorrow, but if you can trade what AMZN gives you, there is money to be made.
Read more:Trade
Swing Trade - Long WNG Entry: 85.50 Stop: 80.50 Target: 100.00 2007-07-23 21:25:26 Tonight’s trade comes courtesy of WNG:
If I had to pick a problem with this formation it would be the timing. We’re in the end stages of a bull market. I am hesitant to establish new long trades, so I’m treating this as a short term swing trade.
I like the fact that it is the first pause after a long consolidation for the stock. We’ll see what the stock can do over 85.50/86.00.
Read more:Entry
, Trade
, Target
I’m on Reuters and Foxnews!!! 2007-09-28 08:02:18 Special thanks to deep market’s links for free. I now have a link on Reuters
and Foxnews.
Go ahead, someone burst my bubble now.
Link Love Friday 2007-09-28 07:00:19 Time for another edition of link love Friday
.
Leading off is an article at chrisperruna.com. Chris has a nice 1-2-3 setup in CHLB a la Trader Vic. I’ve read Victor Sperandeo’s Methods of a Wallstreet Master. It’s a great book with some profitable strategies. I still trade Vic’s 2B’s and 2T’s on occasion. If you haven’t read it, I highly recommend the book.
Feed the bull reports that the NYSE will be closing two more trading floors. I’m sure in no way is this related to the USA Today article about how European firms are ditching the NYSE. I’m sure the big board has a lot of life left in it. Eventually it will go completely electronic.
Next one is a two for one. Million Dollar Journey has an excellent two part article on how convertible bond arbitrage works. Here’s part II. Now you have no excuse!
Want a free link? Deepmarket is offering a free link just for leaving a comment!
Need more link love? Ok here’s one more.
My Tr
European companies are ditching the NYSE 2007-09-27 08:00:21 I found this article from 9/23 in USA Today that is worth a read. Big foreign firms bid adieu to U.S. markets
According to USATODAY:
Already this year, 34 foreign companies have delisted from the New York Stock Exchange, and nine more have announced they plan to do so, says the exchange. That tops the 21 foreign companies that have joined the NYSE this year. Another 20 have said this year they plan to leave the Nasdaq or have done so already…”There are companies lining up to exit U.S. capital markets,”
Ouch! Less trading opportunities for you and I. Anyone trade on the Euronext? I’d be eager to see what the fills are like. Quite honestly with 10K+ in stocks to trade in the US, I probably will still be able to find trades.
Read more:European
NILE trading opportunity 2007-09-27 02:01:59 Here’s a trading idea that is set to pop. While I was scanning through charts this evening, I came across NILE. NILE is forming a nice bullflag. Volume is in decline as the flag forms which is positive for this formation. Let’s take a look:
You could take NILE over 105 to 107. The stock is a mover with an ATR of over 5 so you’ll want to give this stock some cushion when it does setup. Let the stock break into new territory by a point or two. Keep your stops a little looser also. Manage your risk on this one by trading smaller lots.
Thanks for stopping by!
Trading breakouts is like boarding an airplane 2007-09-26 07:12:46 This weekend I was flying back home and had a connection in Denver. As we were boarding the 777, I noticed something curious. I felt the anxiety of boarding the plane. Not fear of flying, but making sure I got on it. Airlines seem to be fairly strict in the order in which you board. So I was feeling the anxiety of having my number called and insuring that I didn’t some how miss my opportunity to get on the plane.
I would assume other travelers were feeling the same emotions as I because they started to queue up after first class got called. There was some confusion as I got asked on more than one occasion what row had been called. As I’m watching this queue, there was a palpable sense of urgency to board the plane. I had the presence of mind to conduct a little experiment.
The first thing I noticed was that there was a long line at the gate, going past the arrival departure monitors. I decided to stand directly in front of the gate and at least 20 feet away. My first experime Read more:Trading
One More Great Way to Learn Stock Trading 2007-09-25 04:44:33 Hi all,
Blain over at www.stocktradingtogo.com created a list of 10 Great
ways to learn stock trading as a new investor. I would like to be so bold as to suggest one more. When you do start trading, trade small. What do I mean by trading small? How about starting with one share.
I remember when I made my first stock trade. It was for 10,000 shares of International Taurus. This stock was a microcap trading on the Vancouver Stock
Exchange. I threw down over $20K to buy this stock and well, let’s just say I bought at the top.
My disastrous start to stock trading was the result of two problems. The first was a lack of a concrete trading plan. The second, and the subject of this article, was I did not trade small.
My logic at the time was that it was a microcap. It wasn’t trading at $2 bucks when I sent my order to my broker, I assure you. But instead of trading 100 or 500 shares, I got greedy and used almost all of my account equity. I didn’t take into account that I had Read more:Trading
Profiting from Double Bottoms 2007-09-24 19:28:59 Tonight’s trade is brought to you by GT. This stock is forming a very nice double bottom. I don’t trade double bottoms as often as flags, triangles, or bases simply because they don’t form as often. But if you can find a nice one like GT is forming, they are typically very good patterns to trade.
I like the fact that volume has tapered off as the stock has formed it’s bottoms. This signals a lack of conviction on the part of sellers. Also, the second bottom was not as deep as the first. This is also positive as it is another signal of a lack of selling. What is key for the stock now is to break through resistance at $30 on good volume.
GT is a slow mover, but I like the stock anyway over $30.
Trading ideas update 2007-09-23 19:31:01 I wanted to give you a status of the trades that were featured on this blog and where they currently sit.
The AMTD trade was featured on September 10th. I still like AMTD. The stock currently sits at 18.27 so my entry has been hit. I am waiting to see where this one wants to go.
The FCX trade was featured on September 11th. FCX has been a great stock for me. My entry was hit at 92.15 and the stock has taken off. The best trades are profitable from the beginning and FCX is a great example as it has blown through my target of 107 and kept going.
The ALXN trade never setup. It’s broken down in its base and is no longer valid.
On September 19th I featured a CSCO and TNH trade. CSCO hasn’t broken out. It’s in the zone where I may pull the trigger, but I’d like to see it over 32.50 by at least a dime. TNH has tried to break, but as I stated in the post, I’m giving it at least a 2 or 3 dollar cushion above 122.50 before I pull the trigger.
Finally, on September Read more:Trading
, ideas
Blog Traffic Strategies. 2007-09-22 23:26:47 If my blog doesn’t have traffic, I might as well be talking to myself. I’m still learning the nuances of web 2.0 and blogging. I thought it might prove useful to readers to document my attempts to gain more blog traffic. What I’m doing, how I did it, and how it works.
My first push for blog traffic came from adding sites to my blog role. All good web 2.0 bloggers know that blogging is a community and without the support of our fellow bloggers our success is limited.
My second push for more traffic centered around blogging directories. They’ve been useful to a degree. I’ve found more blogs that I like, but I’ll detail the impact to my traffic at another time.
The third push is blogrush which has generated many impressions, but hasn’t yet delivered in terms of actual click through’s. I do have high hopes for blogrush.
My fourth push for more traffic involves social networking and is the subject of today’s post. It involves Stumble Read more:Strategies
, Blog Traffic
Managing my blogroll Part II. 2007-09-22 21:39:50 In Part II of this infinite part series, I am adding three more blogs to my blogroll. I read these blogs regularly and I have found their content to be relevant and profitable.
Clever Dude is a personal finance blog that I have found extremely useful. I admire his determination to get out of credit card debt, and his posts are very original. I highly recommend the blog.
Next blog to be added is Dividends Matter. I mentioned this blog yesterday in my Link Love Friday post. The blog deserves an add to my blogroll and your rss feed. I am a technician, but average joe at Dividends Matter is a good fundamental analyst and he does a really good job. I think his posts are always relevant which is why I read his blog. My long term portfolio has certainly benefited from his analysis.
Final blog of to be added this time around is Stock Rake. I like this blog because it details the experiences of another trader. I find immense support and encouragement in other traders. I especially enjoy his &ld
5 reasons why everyone wants trade for a living 2007-10-03 05:17:24 1. Unlimited Income potential.
This is cliché and a half-truth. As a trader I am limited in my income potential by a couple of things:
The size of my account.It’s so much easier to make a living off a million bucks, than 10K. However, if you can make a living of 10K, you are a better trader than I. Secondly, My trading aptitude. Look, I could give you the best laid out trading plan. There are some traders that will make money, and some won’t make a dime. Trading techniques can be taught, but it’s the ability to execute your plan and manage your risk that will make you money.
2. My own working hours.
This is another half truth. The market is open from 9:30 to 4, Monday through Friday. I’m limited to when I can trade. If I choose to trade forex then I have more flexibility in my schedule because that market is open 24 hours a day, 6 days a week. The caveat is there are still times during the 24 hour session that are better than others for price movement. I like to t Read more:everyone
, wants
KGC Trading Idea 2007-10-02 06:00:30 Nice up move in the market today. Too bad volume was subpar. We’ll have to see if the market confirms its direction in the days ahead. Until then the market proves otherwise, I’ll still be looking for longs.
KGC is going to give us an opportunity to jump on the uptrend and ride it past an all time high. The AGU trade had a similar setup.
I like KGV over 15.50. Give it .15 or .20 on the breakout.
Read more:Trading
NVT Trading Idea 2007-10-01 03:00:45 NVT has been a top performer this year. After forming a cup and handle this August. NVT is providing an opportunity to add to or initiate a new position.
NVT has shown signs that it wants to head higher. On 9/25 NVT broke higher on double the average volume. The base NVT is forming now should give us a chance to enter a lower risk trade. I like NVT over 80.00
Read more:Trading
Trading Ideas Update 2007-09-30 06:00:23 Time to review the current open trades featured on this blog.
The AMTD trade featured on September 10th is still open, but going nowhere. My stop is still around 17.25. The trade has a slight profit and the trend of the stock is up. For now I’ll leave it open.
The FCX trade is still open, but FCX has gone parabolic and is flashing an avalanche. What’s an avalanche. You can find an explanation at Toni Hansen’s online trading blog. Here’s the
FCX Avalanche.
TNH and CSCO are both moving well.
The AGU trade is moving well too.
The GT trade has setup.
The NILE trade hasn’t setup yet. But the bull flag is still valid.
Ok, we’re up to date. Have a great week!
Read more:Trading
, Update
Something completely different. 2007-09-29 06:00:08 I love this video.
Not to get too serious, but I think it is an accurate portrayal of how horribly people can treat each other online.
Read more:completely
, different
Trading Ideas Update 2007-10-14 04:00:41 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.
Read more:Trading
, Update
Link Love Friday 2007-10-12 04:00:23 Ben Bittrollf at The Financial Ninja discusses When The Momos Go Parabolic. This is a subject I am very interested in as parabolic stocks offer fast money on the downside.
For those seeking options education, like myself, I found a blog called Options Trading Beginner. I wonder what it could be about? Seriously he has an interesting series on Options Trading Basics that’s worth a read.
Making money in Forex? These ladies are. It looks like Japanese Housewives are getting in on the hot Forex action
I found a trading blog similar to my own. I like it alot as he posts charts daily. If you’re looking for ideas I would check out Trading for a Living.
Have a great weekend!
Read more:Friday
How to trade Hammers 2007-10-11 04:00:30 Hammers are candlesticks formed when, during a decline in price, the stock opens, heads lower during the session and then rallies at the end. What you have essentially is a small body at the upper part of the trading range and a long tail. The pattern looks like a hammer, hence the name. There are a few definitions of hammers out there. An acceptable definition can be found at stockchart’s candlestick pattern dictionary
But I’m not here to lecture on the ideal hammer formation. I want to talk about how to trade them. Like most of the strategies I employ, trading a hammer requires three important elements:
1. Prior Price Expansion
Simply put, I want the last two or three bars preceding the hammer to be big marubozu or marubozu like. The bigger the better. The reason is simply that I want sellers to exhaust themselves.
2. Current Volume Confirmation
Volume equals conviction. A hammer is equal to buyers overcoming sellers to finish the session well off the lows of the day. H Read more:Hammers
SINA Trading Idea 2007-10-10 05:00:43 Ok. I’m back on the bull market bandwagon. My WYNN trade was an aberration. Of course if it works I’ll take full credit and if it blows up, well, that’s why you don’t short in a bull market. Let’s take a look at SINA
Nice Ascending Triangle. Volume declined as price consolidated. That’s all text book. One thing I don’t is the stock is technically over its buy point. I still like the stock over 51.25, but if I’m getting in it will be on an intraday setup. I’ll detail how it works out. Howard guessed correctly. I will be one of the momo traders climbing aboard over 50.
Read more:Trading
Recommend Site To A Friend
