Monday, April 26, 2010
Tuesday, April 13, 2010
Chart.ly Stock Chart Postings
I regularly post updates on stocks I'm looking at on the Chart.ly website. Be sure to take a look at that site for more frequent commentary from me.
My Chart.ly charts are found at: http://chart.ly/user/johnsontrading
My Chart.ly charts are found at: http://chart.ly/user/johnsontrading
Monday, January 25, 2010
2010: Stock Trading Books - Required Reading List
Personal Favorites
Coursework - Chartered Market Technician Level 1 Exams:
Coursework - Chartered Market Technician Level 2 Exams:
Coursework - Chartered Market Technician Level 3 Exams:
Coursework - Chartered Market Technician Level 1 Exams:
Coursework - Chartered Market Technician Level 2 Exams:
Coursework - Chartered Market Technician Level 3 Exams:
Tuesday, January 19, 2010
Watchlist for tomorrow
Below you'll find my watchlist for tomorrow. Should give a little insight into how I view stocks in Telechart as well. Earnings are vitally important.
The categories I can sort on at the top are, from left to right,
Price Percent Change from 3/9/2009 (Market low),
EPS % Change Last 1 Year
EPS % Change Latest quarter
The categories I can sort on at the top are, from left to right,
Price Percent Change from 3/9/2009 (Market low),
EPS % Change Last 1 Year
EPS % Change Latest quarter
EPS % Change 2nd quarter back
EPS % Change 3rd quarter back
EPS % Change 4th quarter back
Wednesday, January 28, 2009
Friday, January 23, 2009
Frustrating trading today - FAZ and MON
Today was very frustrating. I finished in the black but I was close to having a remarkable day if I'd just made the most of FAZ and MON. I had great timing on my trades but was too careful to book profits instead of hold for real money. Examples are below.
Trades not taken: MON long - likely $2-3 gain with about .10-.20 cents risk. Should take that trade every time.
Trades taken that I didn't make real money on: FAZ short. The financials have gotten clobbered and were due for a bounce after gap downs. I shorted FAZ at the perfect moment about 6 minutes into the trading day. Covered for a nice little gain. But... I settled. I should have covered half, and let the rest run. I thought the stock would fill the gap and it eventually did that and much more. No reason for me to not ride that trade and make 10 points or so. Later in the day I initiated another FAZ short, once again with perfect timing. I closed it too for a quick little gain but if I'd held through the end of the day I'd have made 6 points and the stock never went any higher than where I covered. Frustrating to have the right ideas but for some reason lack the conviction to stay with them.
Trades not taken: MON long - likely $2-3 gain with about .10-.20 cents risk. Should take that trade every time.
Trades taken that I didn't make real money on: FAZ short. The financials have gotten clobbered and were due for a bounce after gap downs. I shorted FAZ at the perfect moment about 6 minutes into the trading day. Covered for a nice little gain. But... I settled. I should have covered half, and let the rest run. I thought the stock would fill the gap and it eventually did that and much more. No reason for me to not ride that trade and make 10 points or so. Later in the day I initiated another FAZ short, once again with perfect timing. I closed it too for a quick little gain but if I'd held through the end of the day I'd have made 6 points and the stock never went any higher than where I covered. Frustrating to have the right ideas but for some reason lack the conviction to stay with them.
FAZ:
MON:
Wednesday, January 21, 2009
FAS
The FAS rallied today after yesterdays brutal sell off. You can see below on the 60 minute chart that the time to buy was on a move upwards through the 8.47 level.
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