by Jane | Jun 30, 2016 | Uncategorized
It is always good to review your trades to learn from your mistakes. Sometimes it can be absolutely painful to review them but well worth it. I highly recommend all traders have a trading journal or use Profitly to analyze your trades.
In learning your own patterns you can hopefully correct them. Sometimes it can be a slap in your ego’s face to see where you went wrong. However as in life when you swallow your pride and see your weaknesses you can improve.
The changes to improve are not always obvious or easy. I won’t lie this month was rough for me. Going from averaging about $5K a week in profits to $9K in a month is a change. I felt bad and had a bunch of distractions within the house with renovations that really acted as hinderances to me.
In looking at my trading each day and seeing when I made poor choices it was easier to step away to take time for life instead of letting life interfere with trading.
The market will always be there, but sometimes life comes first.
The difference of making $9K in a month versus $20K was worrisome to me because I thought I had lost my mojo. However the past two days have instilled confidence again.
In reviewing my trades for the past month, my amendment to my rules are as follows.
- How am I feeling today in terms of health? Anything distracting me mentally? i.e.. my daughter, home renovations, or maybe a personal disagreement (this all affects your trading)
- Is this the best entry? Set a stop to protect myself if it is not!
- Try to get better at moving stops while the profit is running to give it wiggle room. All profits are great, but try to let the runners run more.
This Friday is Canada Day for us and our daughter will be home from daycare, so I will not be trading at my desk. I look forward to starting July off with fireworks and I hope you do as well.
The end of June will wrap up the majority of our home renovations and distractions, so I’m very much looking forward to July. My hubby will be paper trading after watching some of Tim’s DVDs and I’m excited for him to get a feel for the real price action.
Every trade, Every day we are all students and can only strive to get better. When we beat ourselves up or let others beat us up mentally over errors it will affect your trading. Stay positive and take the lessons from all your errors. Hopefully you are humble enough to learn and improve. If you are you and your trading will benefit.
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 | Jun 22, 2016 | Uncategorized
Well June has been a very busy month for us at home. We have had a bunch of home renovations going on this month as well as my daughter bringing home a nice stomach bug.
I tried in the beginning of the month to much through with trading to continue to make the profits, but I found that all the distractions of construction were not allowing me to keep my head clear and devoted to stocks. I know that Barrie from Trade Ideas Free Trading Room has had a year and a half of construction going on and he still trades well. My hats off to him.
These are all learning experiences. I know now that when there is construction or home maintenance or renovation going on it is best for me to step away from my trading desk and simply watch.
Just like when my health is not feeling 100% it is not worth it to force trading.
So for this month with minimal gains I am standing by the sidelines while home renovations occur.
It is very tough to be away from my desk, from you and the whole trading community. I really love this job, but I want to give it my 100% and not give back profits because I’m not feeing up to par.
All that being said I will probably be trading more part time the rest of the month as we have more renovations coming. When you hear a backhoe tearing into the ground and unintentionally touching the side of your house you begin to wonder….Are they doing more damage than good. That is not a healthy thought process if in the middle of a trade.
For now when I am feeling 100% devoted mentally I will be trading until then on the sidelines watching.
All this to say if you see a change in your trading analyze not only your trades but what is going on in your life. What changed? Is there a personal issue that has come up that is tying up brain power?
Think of it like a CPU for a computer. If all of the energy and memory is being devoted to running a high powered modern software it is no wonder the rest of the system is slow and sluggish. Once that software is closed then the computer can run back a high efficiency.
I do miss the intraday trades, but when I’m not 100% I know not to force it now.
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 | Jun 16, 2016 | Uncategorized
I learned from my mistake on Monday. I did well in the morning and then the sickness took over. I felt awful feverish, upset stomach and I will spare you the details. All of this resulted in me taking bad positions and not protecting myself.
I have felt awful all week and my head is not in it trade. I am delayed in writing my blog because the past couple of days I honestly just wanted to feel better. I have been watching the opens, but I don’t feel like my concentration is there to trade.
I appreciate everyone that reached out with tweets and messages about getting better. It is nice to know that my tweets go out to caring individuals not just the abyss.
It kills me not to be trading because I love it, but I know that my head needs to be clear to do well. I am long some losers and a bit of a bag holder now because I am not in the right head space. When I look back at the last 5 months and see my profits close to 100K I realized I can take off a couple days to get better.
I really have found a career I love and I don’t like sitting on the sidelines, but when my head isn’t clear or dealing with other distractions I don’t trade well. So for the moment I will sit by at watch. Everyday I hope I feel well enough at open to have the concentration.
So my lesson from this week is don’t force it. With everything in life if you force it to happen it probably won’t happen well. I was feeling ill and I made decisions looking at charts on a longer time frame and not day trading. My thought process was foggy and made poor executions. I didnt protect entries with stops. That is going to be my goal once I’m feeling better.
I got better at using stops to protect profits and not let them disappear. Now I need to get better again at cutting the losers for minimal loss. My head was foggy and it affected my trading. Time away from the market it always good to help you reflect.
I hope you have had an amazingly profitable week. There were some great trades out there. I just wasn’t on my A game to advise others or trade myself.
Life is precious and it is worth it to enjoy all the moments. Money comes and goes but your health and happiness are priceless. Take time to take care of yourself and everything else will fall into place.
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 | Jun 10, 2016 | Uncategorized
As I mentioned a couple of weeks ago I did an interview for Jacob Whitish, who was the online host for the Digital Stock Summit. This weekend the video is up for free. Check it out and share with others you think it might inspire. You can sign in for free and then it is roughly a 45 min video. This will be my blog post for the week as there is a good 45 minutes of information and probably questions that will be answered for you.
As it is the weekend make sure to enjoy the time with friends and family as that is priceless.
If you have further questions as always let me know.
Links for
Trade Ideas
Tim’s DVDs and training Tools
Equityfeed
Finviz.com
Tradingview.com
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 | Jun 8, 2016 | Uncategorized
Usually I sit down at my desk roughly 910. I have just dropped my daughter off at daycare and I go down to my office and open up my two laptops. I open up my Equityfeed on my Mac and on my Asus I open up Trade Ideas free trading room and my Trade Ideas alerts.
I look at the market view on Equityfeed. I filter it down to stocks from $0.50- $50.00 100,000 volume and 100 trades. I sort them by % move. I look at the biggest gap up and down for the day. These stocks have the volume right at open the should allow for liquidity.
If I have held a trade overnight I watch it/them to see for the spike at open. I have learned that the spike in the first 5 minutes should be seized because it could potentially sell off all day. If I am looking to make an entry in a stock I try to sit on my hands until 950-10. I look for the clear reversal in the trend. The first 20-30 min are panic and has massive volume and can’t really be trusted. Since I don’t have the ability to do a trailing stop with Wells Fargo I have to either use a stop limit or a limit sell order. It can make it more difficult to execute a top exit at open. I’m considering looking at trade station that will put a stop to protect me right when I enter a trade.
If I have found a trade to enter I let the price action work in my direction and then close out either if I have stopped out protecting my profit or I try to execute at the top of the run up with a high RSI and price action stalls.
At this point I check the big gappers down for the day. I look to see if they are set to reverse. I try not to enter at 1030 because I feel that the small jumps in price tend to be fake outs with shorts closing 1 hour after open. So I try to wait until anywhere between 1030-11. For my typical trade I look for stocks that reverse with shorts that are going to close their position and investors creating more of a demand and the price increases. What I really love are when the shorts have stops that execute and spike it up.
If the gappers are not performing I look at Trade Ideas alerts that I have set up as well as Holly. I use it to alert me of stocks that are primed to reverse or have a big move with low floaters. Holly is a good tool for people that don’t have strategy of their own. They can watch the stock movement and learn from it. For those that already have their own strategies that they enjoy trading you can create your own alerts to target the stocks you prefer.
I try to finish my day by 12 pm and enjoy family life with my husband and training and mommy time. In April I had an amazing month with roughly $37,000 in profits, but I realized I was glued to the computer screens. I tried to put balance back into my life after that month. Making profits are great, but there is much more in life.
I usually check the stocks I had on watch again at 2:30 to see if they have hit a bottom for the day at a point to go long for power hour. I find that stocks shorted all day except Mondays will have covers during power hour. Usually there will be a jump around 3pm a slight increase and then a decrease around 325 and a jump again around 330. Then around 345 -4 it can either sell off or spike to end of day.
At 4 pm. I review the market to see the bigger losers and winner, then it is time for family again. I put everything aside to be present with them. Once my daughter is down and the after hours market is closed, I work on creating my watchlist for the next day. I review my trades, messages and questions. I enjoy sharing with other new traders. It is a tough road to tackle and it is much easier with someone trying to help you than someone trying to cheat you.
Through all of my journey I have found others that are willing to help as well. I am thankful to all those that have helped me. Jonas Ogren, a fellow student of Tim Skyes, who is from Sweden is also generous in trying to help other succeed and has put together a study guide for new traders.
It is great to be in a community of traders looking to help each other and encourage each other to get better. There is enough for all of us to succeed in the market.
In fact in my losing trade of the day when I entered HMNY today above 15, there were many that profited on the short side. I’m ok with taking a loss every once and a while. In fact a fellow trader that cares about me succeeding as well sent me a message that right after I entered the trade a trading room announced it was a good time to short and the masses drove the stock down. It is interesting because I stayed away from the stock for the fear it would tank and then right as I entered it went up 20 cents then dropped $2. I waited for the bounce and closed out. I need to protect myself more on entries.
We are all students of the market and there is always something to learn from each trade every day.
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 | Jun 4, 2016 | Uncategorized
Each day I’m striving to be a better trader. That comes with working on my psychological side, research about stocks in play and protecting my profits.
In the first couple of months when I blew up my account I really struggled with my emotions. I felt awful when I entered the trade at the top and lost as it went down hoping for it to continue back up. Then I did the same short selling at the bottom and getting squeezed. I was chasing to say the least. I was bag holding. It was awful but I got over the feeling bad and stopped to analyze what happened to those trades and used them as positives.
Why was it when I tried to buy at the top did the price drop? Why was I chasing the price action? A whole bunch of why’s that I had to learn for myself so I would understand the theory behind the price action. The why I was chasing was easy. I wasn’t finding the stocks and picking my entries I was chasing alerts. They are great if you get them quickly, but email alerts are slow now-a-days.
So I strived to be able to find stocks that are in play. How I create my watchlist goes like this….I go to finviz.com and I click on screener and then technical. I select short float over 15% and relative volume over 2 and current volume over 200k. Then I sort by RSI and I look at the charts to see if the stocks look interesting.
Then I go to Equityfeed and I open the market view and filter the stocks $0.5-40 with 200K in volume over 200 trades. I look at the % change for the day up and down and look at the charts for daily and 5,10 days. I add the ones to my list that look like a good setup.
Then around 910-915 in the morning, I open up my Equityfeed and I see what is in play for that morning and see if any from my watchlist are active. I try to pick stocks that have volume for easy liquidity and fairly nice % change in price for the reversal.
I have had people ask me why I trade the bottom reversals. For me it is an overextended chart to the downside that is oversold. The likely hood that it comes back to equilibrium for the day is fairly good if there has been a strong move downward. I go long because I can’t always get shorts with my broker and so I work with my limitations. I like going long as well because when you go long your maximum loss possible is your original investment if it drops to zero. If you go short you can get squeeze to the moon like what KBIO did to some shorts earlier this year.
I have learned to have confidence in my trades based on seeing the patterns over and over. When it does go against me I know it is typically a matter of time before it reverses and comes back up to my poor entry. Like I said earlier I always strive to have good entries, but sometimes I don’t cut my losses as fast as I should and it is an emotional entry trying to get in not to miss the action. I am trying to get better at waiting for my 3 green and not getting faked out to enter too soon.
I still learn a nuance each day. I will start to see something in price action or have a lightbulb moment and recognize something that I see day after day. I am very happy to be up roughly $4500 for the month and roughly $90K for the year.
If you follow me on Twitter you see that with this success brings some haters that don’t believe my trades are real because I am not able verify my trades on Profitly. Well my broker, Wells Fargo, doesn’t sync the software with Profitly. I enter all my trades manually with times and prices. Manually entering them all takes time and I don’t feel the need to spend additional time to take photos of every trade and post them each day. The setup for my broker is not the easiest and so I simply manually enter my trade.
It is tough to wake up to see someone calling you a bitch or whore when I have done nothing but share what I know and my experience. I know that person has looked superficially at the information and made a judgement call and hasn’t take the time to find out the truth. I’m sure it is the same for that person’s trading strategy where they don’t do the studying and are losing.
I know there are jealous people out there, but the truth is you can accomplish any goal you put your energy towards. With baby steps and knowing yourself most people can learn to trade. There are definitely some that have a natural talent for it, just like olympic athletes.
I try to be a positive influence and keep a positive mindset and don’t have time for the haters that judge with no knowledge. It makes me sad for their lives and how painful it must be to judge others day in and day out. How do they judge themselves?
I appreciate the support to everyone that helped me report the harassment. I am thankful for the online community of positive people that want to work for their success. I enjoy helping and sharing. As a mom it’s hard not to have those traits as well as teaching.
Ok enough of my soapbox story for the day. However know that when you become successful in trading you might lose friends and some very close people to you might become jealous. It is a shame but the truth. The true friends will be there and be happy for you.
I’m always happy to hear the successes of my followers. It is a great compliment. You do the work, but I help with guidance. Enjoy your weekend with you friends and family. This time can’t be replaced and is priceless. Today my daughter is 22 months old and a reminder that time absolutely flies, so enjoy each day.
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 | Jun 2, 2016 | Uncategorized
As tough as it can be to realize a loss in a trade it doesn’t mean that it is a bad trade. My closing out of my position on $LE yesterday before close was a great decision because holding overnight into earnings is a gamble.
The market is not always rational. Granted the surprise loss was a big influence in the stock gapping down $1.20 at open. I could have been lucky and got out even today, but there was no guarantee it would spike like that at open. It was a great mover as the short float was very high and when people saw their $1 profit they began to cover and the strength in the market kept the movement going as well as the news of it being a big gapper down for the day and in play.
I still have it on my watchlist for potential reversal going into Friday. It is so beaten down and making a new 52 week low daily this week.
The big spike at open is exactly the reason why I look for high short float stocks because once the price moves up the greed and fear of the short usually causes them to close out their positions in addition to the investors or longs. All this demand for the stock drives the price back up and fairly quickly. Sometimes it takes days for the setups to occur.
In the same way that Tim Sykes likes to short the parabolic move to the top. I like to buy the oversold stock. They all tend to come back to equilibrium from an extreme. When they are at those extremes it is because supply has become so dry it spiked or flooded with sellers that it drops.
Its just like my favorite saying from Warren Buffett,”Be fearful when others are greedy, and greedy when others are fearful”. That is the basis for shorting when people have overbought and buy when the stock is oversold in my opinion.
The basis no matter what for becoming successful in your trading is finding a strategy that fits your personality. I’m a bargain shopper in real life and as a result I found a strategy that basically is buying those bargain, black friday sale stocks. Then once everyone else finds the deal as well and wants it the scramble is like a Walmart opening it’s doors for Black Friday Sales.
Tonight my husband and I spent the night with a good friend and we spent a good portion of the evening talking about studying stocks. As my husband is a serious car fanatic, I like to use a driving analogy to people beginning to trade. Would you really give the keys to a nice new car to a 13 year old to drive. Sure they know how to push the pedals to stop and go but they probably don’t understand how to use the signals to turn and how to accelerate at a moderate pace or decelerate at a moderate pace. Once they have gone to driver’s ed and have learned the rules of the road, They get their learners permit. Then they are on their way with practice with someone by there side after they have invested the time to study and are ready to get their license.
The same is true to a new trader. If you give them the keys, like opening a brokerage account with no knowledge they have a 90% chance of crashing and burning. It would make a lot more sense to have the driver’s ed and study the market and practice with paper trading until they are confident. Once the confidence is there the rules are known then it makes sense to hand over the keys and get their license to trade. Before then it is a recipe for failure.
All that to say if you are just starting. Please take the time to study. Practice on paper and build up your confidence and your success in trades. Before then you are likely to fail. It’s the truth. You need to have the knowledge in starting to trade real money because the emotions you have to deal with at that time can overwhelm you while trying to learn all the rules and information.
As always I hope the post helps you in your trading journey. I always love to hear how I have helped you in your education. If you have any questions, comments or requests please leave them here as a comment or on Profitly or Twitter, Instagram or LinkedIn.
I have people messaging from around the world and I love being able to inspire and help others in their trading marathon. It is a marathon with training everyday. Those that sprint will end up injured and out of the game.
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 | May 28, 2016 | Uncategorized
This month has been about improving my exits. Protecting profits and trying to become a better trader. I am doing very well up over $7,000 this week and over $22,000 for the month.
With this success I try to improve my losses by making them smaller and letting my winners run. That is why today I was so frustrated because I didn’t protect my profits today at open when I had problems with my charting and price action. I was trading blind. I am not sure if it was my internet or Equityfeed. Whatever it was made me miss the crucial minutes to exit with profits on $NERV and $PSTG.
It really messed up my clarity in trading today and I did not really have any trades that won so I left my desk around 1pm. I am definitely better at cutting my losses with stops. I felt today was off with trading with the volume and price action.
I was anticipating a bigger run up on $ZAGG today. I thought it was going to break out once it broke 5.00 so I added at 5.02. It went up to 5.04 and then started to drop back down. I did not want it to go back down to 4.80 on me so I sold my full position of the stock with 2 cent off.
I realized that I love Fridays because I usually find the shorts close out all their positions before lunch and it is very easy to make a profit on reversals. With the holiday weekend I feel many people took today off and the shorts closed out yesterday with the end of the day runs on stocks. I will note this for the next holiday weekend.
I felt everything was off for me today and frustrated from the get go in the beginning. I was out at the hardware store at close moving my stop limits up as the price climbed on $NERV. If I had read that the price target had been upgraded to $17 I probably would have held it to Tuesday. I think it will spike on Tuesday with the press over the weekend.
My longs over the weekend are INSY and LE. With LE at close to 52 week lows there is still value for investors. I will watch at open and any articles over the weekend.
INSY still had more growing in my opinion with the phase 1/2 approval by FDA. My estimated target would be up close to 18. The strong finish of today leads me to believe it will climb on open like it did today as well.
As always my goal when I have a red day and losses is to figure out what went wrong. Today was easy. My rule when I hold overnight is to sell at open, but when I can’t see the action then make sure a limit order is in to protect myself.
When mentally my day is off, recognize it and go to enjoy life instead of make poor trades. I’ll be much happier playing the afternoon away with my daughter instead of losing my profits.
I hope you all have a safe enjoyable holiday weekend. Spend time with friends and family and so time to study. The best way to make yourself profitable is to learn from books, DVDs, analyzing trades. When you journal your trades you can see what your weaknesses are and how to improve them. It is always hard to accept a loss. The best thing is to accept it quickly and move forward with improving your actions.
As always I hope this post has helped you to learn and see even when you are profitable losses do happen. It is minimizing those losses to keep your profits.
Another FYI that Trade Ideas who I use when my list doesn’t produce winning trades is having their final days of lifetime licensing of their premium package and AI. It will soon be monthly charges for everything June 1st. The have a free trading room that will be up a Tuesday if you want to check it out.
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 | May 25, 2016 | Uncategorized
I have been having people sending me requests to write about Level 2. I definitely rely on Level 2 as well as Bollinger Bands to help determine my entry and exit with a stock. For me when I see the price action or the sales going through at the price on the Ask side there are more demand for the stock and they buyers don’t want to always wait for the bid price so they go in at market or Ask. That would be a strong indication to me that the momentum is in the long direction. Once I see the price action change and the sales are going through at the Bid price consecutively there is less demand for the stock so the price is dropping and people don’t want to wait for the Ask price so they are willing to sell at the Bid.
Sometimes there can be large buyers or large sellers that show a support or resistance level, but if the momentum is moving fast enough those sellers or buyers orders are eaten up and the movement continues.
As with JWN, ENDP and CLRB on Friday I could tell from the price action that all those shares were exchanging hands with high volume and the price was fairly flat for the second half of the day, so the stocks would have covers happening on Monday morning. These shorts covering and the investing buyers would cause the people that shorted on Friday to cover creating more demand and driving the price up. My understanding allowed me to profit almost $5,000 in the first 15 min of the trading week. I learned from 1 week ago and I walked away happy with meeting my weekly goal in 15 minutes.
My 4 stocks that I have long right now are INSY 14.37 , ENDP 15.36 , LE 17.21 and ZAGG 5.19
INSY from Finviz.com is showing 24% short float interest. It has had 9 days of upward momentum. Today at 651 from Briefing.com They have passed their phase 1/2 for their new cannabidiol drug.
6:51 am Insys Therapeutics announces ‘successful’ completion of phase 1/phase 2 safety & pharmacokinetic study in pediatric subjects with treatment-resistant epilepsy being treated with cannabidiol oral solution (INSY) :
“We are excited that our synthetic pharmaceutical CBD in a non-alcoholic, medium chain triglyceride-based formulation was studied up to a daily dose of 40 mg/kg in subjects with pediatric epilepsy. The data is currently under analysis, and the CBD appears to have been generally well tolerated,” said Dr. John N. Kapoor, Chairman, President and Chief Executive Officer of Insys Therapeutics
“We anticipate meeting with the FDA to discuss the subsequent steps for this program, as well as the development program for the treatment of Dravet syndrome and Lennox-Gastaut syndrome, two rare forms of pediatric epilepsy for which Insys’ pharmaceutical CBD formulation received orphan drug designation. Additionally, we have an ongoing trial evaluating CBD in infantile spasms, a catastrophic form of childhood epilepsy. These efforts underscore our commitment to advancing our pharmaceutical CBD program in pediatric epilepsy and we look forward to updating you on our progress in due course,” added Dr. Kapoor
I have been holding INSY as a swing trade because the stock was so beaten down hanging around the 52 week lows. The high short float interested me knowing that as soon as there is volume behind upward price action it should drive the price up fairly quickly. Also the CEO bought 50K shares back on 5/11 and the CFO just exercised his options 5/23 for 10,000 shares. When the two insiders are going long it is a pretty good indication that positive supporting news is coming out.
For ENDP I have had this one on watch and trading it almost each week as it seemed to keep hitting a new 52 week low. Until last week. Then we saw Billionaire John Paulson invest 30% of his initial holdings and the stock has had nice upward momentum to recover some of the loss in value over the past year from a stock price of $90. It actually looks like the shorts have wised up and the float has decreased down to 2.73%. That would also lead me to believe the shorts think this stock is going to continue growing.
LE is another retailer that has been beaten down and with the news of the marketing director stepping down it lost some additional value. This week it is setting new 52 week lows, but has been holding 17 support fairly well. The short float on LE is 18% and the RSI on daily chart is 18.75. The volume has been light just 150K shares traded today. Once there is movement on this stock it should surge upward nicely. Earnings are due to be reported 6/1.
My last long position is ZAGG with the two days of new 52 week lows. They just announced their earnings 5/10. My main reason for going long besides the 18% short float and the new 52 week lows is that the CFO just bought 10K shares of the company. To me the CFO knows the financial health of the company and knows a good point to invest in the company.
As always I hope that my blog posts help you in your trading adventure. Remember to study hard and if you are just starting be kind to yourself. Position small in the beginning to limit your losses and gain confidence with profits. Once you see you are profiting more often than losing slowly add to those position sizes.
If you have any questions or comments you can always reach me here on my blog with comments,Twitter, Profitly , Instagram, Facebook or LinkedIn.
I love hearing your success stories so feel free to share. They also inspire others.
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 | May 21, 2016 | Uncategorized
It was another stellar week locking in roughly $5,000 in profits up to $15,000 for the month. Don’t get me wrong I had a bad start to the week self sabotaging my winning trades of $980 in the first 45 min. I am learning a lot from Mandi Pour Rafsendjani about the psychology of trading. I definitely had wonder women syndrome where I could do no wrong. I positioned large and gave back my gains and then some.
Tuesday I started fresh as each trade is a new possibility. I made roughly $1700 for the day. Trading is definitely a reflection of your mindset for the day. So I am working on myself to get better with my trades. Let me ego go and set hard stops to protect myself from myself.
I find that the entries in going long are the riskiest time in it going against me. I am trying to get better at adding hard stops right off the start to minimize my risk. If I enter at the wrong time I would rather take a small loss than be a bag holder all day and waste my time. If I entered at the wrong time the hard stop will help me defeat my ego and protect myself.
I used hard stops all week and I feel less stressed in my trading. I move the stops up as the profit is climbing so I don’t let those profits tank away on me. We are our worst critic and I have seen my weaknesses of not cutting losers. This week I had 4 green days and 1 red.
Onto the the stocks above. I wish I had more capital to hold $JWN over the weekend as well. All 3 of these stocks I believe will have a spike up at open on Monday.
$JWN has been oversold with earnings and then just announced their dividend. In the past two days it has gone up $2 and it was continuing to rise over the weekend. In my opinion value brokers are going to push this value stock to the baby boomers who are interested in looking for residual income on stocks that are fairly safe. It is due to grow and give them income in the next week. Monday I think will provide a nice spike at open and slow growth through Wednesday a great swing trade to sell just before dividends, since the next day the stock usually tanks.
$ENDP is down to $15.44 from the $80’s last year. This stock is oversold and just had a Billionaire John Paulson increased his position by 30% in this stock. I executed my trade awfully today getting out too soon. I made $500 and if I had left my limits it would have been $4950. I did not see the news or else I would have held until it hit all my limits. Seeing the fact that the stock did not tank down and consolidated all day. In my opinion the shorts tried to sell off the stock all day, however the investors saw that it is a bargain after a Billionaire Investor jumps on board. My anticipation is that the news will spread over the weekend and the stock will have buyer and shorts getting squeezed.
$CLRB was a huge penny stock winner of the day with a patent issued by FDA. The same thought process led me to hold this over the weekend as a couple months ago this stock was at 10 dollars. It is a lower float stock, so that usually means faster runs in price action. The stock held its value all day with dip down to 3 and then a high by end of day of 3.89. The shorts were trying to find borrows and trying to knock down the price. It did not happen and I believe the strength of today and the news will excite more buying on Monday and a pull back on Tuesday. Could be a bit squeeze, but more upside before tanking in my opinion.
As always I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. I’m working on a training site with Mandi which will be coming soon. I have had people ask me for personal training and I am willing but it comes at a cost. The idea of having the training site will be more affordable for more people.
If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook.
As always take time this weekend to spend time with friends and family as that time is priceless. If you are in Canada have a wonderful Victoria Day Weekend.
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.
