by Jane | Aug 4, 2016 | Uncategorized
As I learned back in March, when I had my most profitable month, sometimes I need to take a break and step back to enjoy life.
Each month that passes with trading I find out how to balance life and trading together. It is truly a career that I love going down to my desk. I’m seeing that my trades are better in the morning ending around 12-1. The afternoon volatility isn’t as good in the morning and it results in slower more boring trades.
So I tend to try to trade the mornings from 9:10 to 1 at the latest. Leaving mom duties, exercise and relaxation throughout the day. Sometimes I will watch a stock on my phone and use the stock tracker app to monitor if I want to enter a trade if I receive an alert that a double bottom has set up for the day.
As a mom I see more value in family and try to visit my family in the States at least 4 times a year. When we pack up shop for a trip I try to change the focus for my setups to a week long swing trade. In doing this I look at a longer time frame of a stock.
For a swing trade I look to see is there a nice void to fill? Does this stock have value to it? Is it oversold on the yearly chart? What day of the week am I going long?
Sometimes the swings take longer to really perform, but the initial buy does perform. These trades take patience. This patience I find is easier when I disconnect from my laptop and step away and let the trade develop. I do check in periodically while on vacation, but I try to prioritize time with family and friends.
When we were at the airport ready to leave I locked another $1000 profit on $STMP. I was daring and bought 200 shares at 80 to swing through earnings. It spiked to 87 after hours and I set a limit at 86 to sell at open, but it only went up to 85.44. So my swing idea was correct but my limit order was too high. Still long for a small loss now and giving it time to develop.
I was also alerted from an apprentice (Thanks Chris) who knows my style and asked me to look at $INFN. It looked like it was primed for a gap fill above 8.64. It was slowly approaching and so I bought at 8.62. I gave it time to really spike above 9 and nothing happened. Then Cramer touted no one should buy it so it sold off a bit. Today I put in my limit for 8.79 and it executed and continued on up. I was curious why there was such a spike in price action and read that the CEO had bought 100,000 shares when it dropped down to 8.48. So I decided the original idea was correct and went long again at 8.94 looking for a spike with the positive news in AM.
All this being said it is possible to find balance in trading and in life. It is great to be able to sit down at my desk and make these profits, but there is definitely more to life. Taking the time to step back and put it on simmer watching the daily price action instead of minute by minute is important.
What is all this work worth when you don’t enjoy life. For some it is traveling the world, which is what it was for us before our child. We specifically worked for an airline and flew around the world for $300 as part of the perks. Now with more perspective in life we value family time and need to honour it.
In stepping back it also allows you the time to look at your trading with a new filter. Like when you are first absorbed in a relationship and it is hot and heavy and then you need a break to assess these intense emotions. Trading is great, but sometimes too much of a good thing is not good for you.
So balance in life is important in whatever you do. Not too much of one thing as it will cause your equilibrium to be thrown out of whack. Like my style of trading looking for price extremes to come back to equilibrium, life is easier when you are not living in an extreme.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.
For my charting and level 2 I use Equityfeed.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
by Jane | Jul 23, 2016 | Uncategorized
Very thankful to have my trading head back on my shoulders. All of our home repairs are done and I see the results in my trading. When you have clear head it makes all the difference in your trading. It allows you to be present in price action and make the best entries.
In that past year I have really learned that low float stocks are great because they can offer amazing moves in price action. Of course, you have to be careful with them because the moves are not always in your favor. These big price moves come because the supply i.e. the float is not always that large and when people want it the price has to go up. A simple understanding of Supply and Demand.
Last week I stumbled on STMP with its big moves and kept it on my radar this week. The stock tends to have big runs in the afternoon after 1pm. The price action can be upwards of a $1 move at a time. This week alone I capitalized with the price volatility on this stock to profit over $9,000. When you spot a stock that is being actively traded it is good to capitalize on the moves while the volume is there.
STMP had negative press this past week trying to really drive the price down when they recommend it is worth $15. This did drive the price down to a low of $69 with a speedy recovery. Once it hit $69 I reviewed the 10 day chart. Down from $90 to $69 in 8 days means oversold to me.
Earnings are due to come out July 28th moved up date, and I anticipate the stock should uptrend until then. It just had a price target recommendation today of $150. I would not swing this to $100, however I did learn from my WYNN trade in the past.
With WYNN I bought it when it was oversold and then they had earnings and opened the new casino. I was in around $55 and thought I was conservative taking $6 a share profit. Oh was I wrong. It ran all the way up to 100 in a month and half. And WYNN wasn’t even a lower float stock.
So I have learned from WYNN and with a float of roughly 38 Million and Earnings to be announced July 28th I believe the price action should be volatile until then and look to recover some of the selloff down from $90.
My swing trades over the weekend are $TYPE (Oversold to me based on news), $ZFGN ( 52 week low this week) $PYPL ( void to fill above 37.52) and $SMCI as it is slowly filling a void.
I hope many of you checked out Trade Ideas Open house this past week. Their software is amazing and the support is unbelievable as well as the free trading room. That’s right FREE everyday.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
by Jane | Jul 20, 2016 | Uncategorized
I set an initial goal of making $100K profits by Feb 1, 2017 and then once I broke $50K I moved it up to my birthday of August 15th. Well I exceeded that goal and surpassed $100K in profits July 8th.
After training for 4 marathons in life, I find it helpful for myself to have small goals along the way to my ultimate goal of 1 Million. My next stepping stone in profit goals will be $250K by Jan 1, 2017. I didn’t expect to have an absolutely amazing week of $20K+ in profits.
I’m not sure if it has to do with the market rebounding from Brexit or it that I’m becoming more diligent with my stops. I do still make errors and forget stops. I try to learn from each error. I know I am human and I hate taking a loss, however it is better to take a small one than a huge one.
I really enjoy trading and I think that comes from now being able to look at a stock and see where it is in the price pattern and know if it is a beneficial spot to enter or if I need to wait. I remember in the beginning of my studying I was watching Tim’s DVDs and he would look at a chart and say yes or no. I thought I need to get to that point. I feel like I have reached that point after watching the market daily. The patterns are recurrent and the volatile stocks tend to act the same. It will take time for you to learn and understand what drives the price action.
I have to say that my husband is doing very well in his trading studies. He is being a diligent student and studying hard. He has just begun paper trading with Think or Swim. In his first day he spotted ALR on Friday breaking out. A great trade. Then yesterday he spotted BAC running up. He is beginning to see the stocks to trade, but still curious on how I find my winners.
Well I use two tools. I use EquityFeed Market View and usually keep it on the biggest losers of the day. I will look at them to see where they are in the sell off cycle and how much longer to wait before the reversal happens.
I also use Trade Ideas scanning software. Their software is amazing as is their customer service and their always Free Trading Room. I definitely look for stocks that are setting up for reversal and one of the key alerting indicators I use is RSI. In fact one of the best things about Trade Ideas is when you have an alert that you customize you can share it with others as a cloud link. As a Warrior Trading Chat Room member, I saw Ross’ customized RSI alert and continued to profit if of it. As a genuine caring teacher, when I asked him if I could have the cloud link he gladly share it with me. There are some amazing people and services out there that do look for you to profit. Ross and his Team are great at helping new traders learn and providing tools to help them.
These are two amazing services and both have some free services too. In fact Trade Ideas is in the process of an Open house this week to test out their pro software for $7.99 for the week and there always Free Trading Room. Warrior Trading will also offer two FREE Mondays a month in their Chat room. Great way to see the tools before you invest.
In my opinion you don’t have to have the best tools, but when you do it makes profiting that much easier. Yes the expenses in the beginning add up, but they very quickly pay for themselves.
The first free Monday I traded in Warrior Trading chat room I made enough to pay for 3 months. I subscribed and then in a month I made more than enough for a year. So I upgraded. As a result I discovered Trade Ideas in their room and then went out to connect with Dan the CEO from Trade Ideas and now I use the best stock scanner out there in my opinion.
Enough rambling on about tools back to stocks.
This week there has been great volatility in the stocks. Today I absolutely rocked HAS on the long and short. I did the same to STMP in the past week as well. Once you start to see the patterns and know when the stock will sell off it seems to become easy and stress free. When you have confidence the trades become fun and passionate.
This is the first job in my life I absolutely love getting up to do each day. I know a lot of people have questions and I am always happy to help.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
by Jane | Jul 14, 2016 | Uncategorized
My trading experience that has brought me to 100,000 in profits by acknowledging these simple key points.
1. For everyone looking to enter the market there is so much to learn dedicate time to studying the market to build your confidence before simply throwing money at the market. If you don’t know what you are doing you will likely be in the 90% that lose.
2. Tackle your emotions. Trading will present a reflection of who you are in your trades and you must face them or else the bad habits will blow up your account.
3. When I had losses in the beginning or even a bigger loss now. I return to paper trading or trading smaller positions to reconfirm my confidence in my trades. Trading is psychological and you need to trust your trades.
4. When you get in a trade that goes against you don’t let your ego take over and make you a bag Holder. Cut the loss.
5. Analyze your trades. The good ones and the bad ones. Your worst trading enemy is yourself and only if you reflect back on your trades will you learn from yourself.
6. Try not to follow everyone else. Study the charts and patterns to identify setups for yourself. If in a chat room and you are alerted on a stock, then analyze if the setup works for you.
7. Be true to yourself in trading. What I mean by that is learn the setups that work for your risk tolerance and personality.
8. Be present in the moment of the price action. Don’t find yourself hoping or wanting something to happen to the price react to what is going on. If you close your profit early it is still a profit and always 100 times better than a loss.
9. When the market opens take each day and each trade as a fresh opportunity. If you feel you are revenge trading or have superhero I can’t mess up feelings step away. The market will be there tomorrow when your head is clear and you will trade better.
10. Acknowledge how much your learn each trade and each day. You have to start somewhere and your knowledge will grow with each success and loss. The positivity will help keep you on your path of learning and it is an eternal road to learn how to be a better trader. We can all improve.
Even after 100,000 K in profits I find I can improve in my trades. I make mistakes I acknowledge them and hold myself responsible. You have to trade with risk tolerance in order to be comfortable to sleep at night.
I hope these points help you in your trading journey. Each person learns at a different rate and you honestly can’t rush the process. So just like a losing trade accept it will take time and it is not an overnight process. Take it one day at a time and grow your own personal Google database of trading information.
Also check out the Trade Ideas Open House July 18-22nd for $7.99. You can try their pro package the whole week and you are always welcome in the free trading room.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
by Jane | Jul 8, 2016 | Uncategorized
After a rough month in June, July is starting off much better. As you can see by my profit chart I am so close to 100K in profits I can taste it. I am however in two trades that are at a loss right now so I don’t expect to break 100K tomorrow.
This week I was better about setting my stops, but I can always improve. Two of the Three stocks that I’m in at the moment have tanked hard this week a liable to have a nice short squeeze up tomorrow.
XBIT from a very unfortunate entry of 18.15. I saw a huge buyer of 180K shares at 18 and thought that was a good support. I should have cut the loss when it dropped down to 17’s but I let it run against me. I will watch and see what happens before lunch and close it out before the weekend not to be a bag holder any longer.
It is always tough to admit that I’m in a bad trade and I let it go waaaay too far. The other one that got away from me is FSLR from today. I re entered at 46.05 and it went up to 46.20 while I was in a meeting with the lawyers. I didnt put my stop in and then we went onto further meetings and it ran against me. Same thing. I will close it out tomorrow before lunch.
My third long is LEDS which had a crazy day up almost 225% from 3.30 close on Wednesday. The run happened with a small float of 1.5 million. It traded 9 times the float today and I imagine that some shorts will squeeze it up tomorrow. My entry is 10.66 so I will watch the premarket action. With all the positive news as a giant gainer it has a good chance of having strong buyers at open based on the chart.
More on watch for tomorrow will be the 52 week low club members this week
7/5 DB, CS, CVRR, VLO FCAU, DAN, UBS, PAG
7/6 LYG, RBS, DB, VLO
7/7 VLO, DB, DHT, TNK
I am so happy to be feeling more concentrated. Of course I know better than trading today while at meetings. My lesson is always put the stops even if it ends with a loss. A small loss is better than the two big ones I have on my hands at the moment.
As Tim Sykes says cut the losers early and it it true. It is important to try to keep the losses small. I have two on my hands unfortunately that I did not follow that rule. When you break the rules it does cause errors resulting in losses.
When you examine your trades you see your faults as a trader. My husband is learning to trade now and always asks me why I did something when I have a loss. The truth is I’m imperfect and I need to try to protect myself all the time. I am not good at mental stops so I need to set those hard stops.
This week I also booked my space at the Trader & Investor Summit in Orlando September 10th-12th for a deal right now of $297. When you think of Tim’s DVD’s for the past seminars are roughly $800 it is a great deal for 3 days of experienced traders giving you their knowledge and being able to ask questions. Investing in your knowledge is always great.
I know of a bunch of Twitter, Profitly and Instagram followers that have reached out and are going as well. I am really looking forward to networking with everyone and comparing stories. This is a chance to all learn together and bring the online community together in person.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.
