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.
