SK's Heir To The Throne: $3,000 to $6,000 -- Currently $4,940 - Page 7

SJT on fiyah!!

Quote:

Originally Posted by bluesmap 

i wanted to do something  similar, starting with $5k.

how are you accounting for commission cost with your trades?  is this a factor? 

new, looking to learn, crunching some numbers before i dive in.

 

congrats, looking forward to seeing you over 6k

Starting with $5,000 is a great start. Just make sure before you jump in you've done your studying and your confident in your plays. 

I'm using Zecco for my broker for now and commission is $5 round trip. So the commissions aren't bad at all. 

Thanks for the comments.. if you have any other questions just ask. 

Quote:

Originally Posted by bluesmap 

i almost dont want to ask because its kinda off topic.  but how is zecco...chart tools and execution?  i can only assume you like zecco since you use them, can you offer your experience with them?

i have and have used tdameritrade in the past, and etrade but looking to find a "cheaper" alternative to tdameritrade.  at least until i can have more than $5,000.

 

didnt mean to deviate, but thanks in advance.

 

and what's in your portfolio currently?  i understand most of what you said (charts,etc) except the part about collecting ticks.  are you selling based on tick gain and not percentage gain or is it something else?

again, thanks

Not off topic at all

Zecco is good.. I basically use them for their cheap commissions ($4.95), I dont use there tools really.. i just use them to execute my orders.. they are pretty fast and I've had no problems thus far. For my charts I use the paid subscription at stockcharts.com.. they have the greatest looking charts i've seen.. very clear and concise. I also use thinkOrswims platform to look at charts too for futures and other things.

Nothing is in my portfolio (account) currently.. I'm patiently waiting for a chart to setup.. I've had several stocks I've been watching (HEK, FTR, WHX) and they ALL did BEASTTTTTT and I didn't get in on any action. I did trade SJT the other day but sold way too premature..

I don't hold stocks very long.. MAYBE a couple of days, or MAYBE a couple a minutes.. it really depends on the stock and how it moves. I don't have the luxury of day trading, I have to wait 3 days for funds to settle so when I pick a stock to trade it HAS to win or I lose big time and have to wait that 3 day period. Also collecting ticks just means collecting CENTS.. Cents = ticks.. thats all.. when I enter a trade I have a set price on where I will sell and where I will quit if it backfires on me. I don't really go by percentages.. i like using ticks because its precise..and plus, tape readers use ticks
 

Raped HNSN today! +20 ticks.. this was a pure T-200 play.. those of you unfamiliar with T-200's.. its the same as T-30's.. i just call em' T-200 .. and those of you unfamiliar with what a T-30 setup is, 

its when a "tail" slices through the 200 EMA and forms a long lower wick... with above average volume. 

HNSN (Daily)

I'm also in SWY @ $20.53

Quote:

Originally Posted by Stock King 

I'm also in SWY @ $20.53

Sold @ 21.04 (51 ticks)

SWY has a classic creek play forming.. I might re-enter on a break of $21.18 (creek). Just wanted to lock in profit 

Quote:

Originally Posted by Stock King 

Quote:

Sold @ 21.04 (51 ticks)

 

SWY has a classic creek play forming.. I might re-enter on a break of $21.18 (creek). Just wanted to lock in profit 

Sucker hit high of $21.46 today.. I did not buy. 

Quote:

Originally Posted by OldFart 

nice plays SK..

Thank you!

My GAWD UAN was unloading clips today! Flipped this sucker $25.31 to $26.40 

I was eyeing this stock around Friday and felt like it was due for a reversal. This morning it tanked and almost hit the 200ma on the daily.. it leveled off quickly and started its automatic reversal. I was waiting to see if they would test supply.. it started to pull back then burst and bounced off VWAP and I bought in.. I was only looking for about 40 ticks and would sell when approaching the value area.. but as Livermore says, don't sell unless a significant sign.. well that was in my head, I saw no signs.. and I rode this slut all the way until closing  (109 ticks) 

SWY also broke that $21.18 creek, and made a high of $21.46.. i did not enter tho. 

My list for this week.. lil late but oh well. 

JBLU (blew up Monday)

HDY (blew up Monday)

DRCO

TASR

SWSH

SWY (kaboomed)

CX (kaboom)

HA

ALJ

CELL

feast boys!

If God was a stock he would be $AAPL.. this is absolutely an elite entity... like Rock S.said, its basically its own index.. I did some analysis on this parabolic move. I think it should pullback soon. But who knows.. AAPL going down is unheard of, well since Nov at least. We'll see 

^ thanks guys!

Anyway, so I'm in my room just thinking about life and what not.. so I pull up a chart of the Dow Jones since 1980.. and wow.. just wow. 

From 1980 until 2000 was the biggest bull market, EVER. I'm pretty pissed I wasn't born earlier to take advantage of that uptrend. I mean, it just went STRAIGHT up for 20 years. 

I have NO SYMPATHY for anyone old enough to invest/trade around 1980-2000 and didn't get rich taking advantage of this gift basically hand fed to us.. 

Now I notice some things in this chart I'm about to show. 

1. Around 2000, volume picked up from the volume of years before. Pretty much started doubling, at alarming rates.

2. Then you have the crash of 2000. Now from looking at this chart, the crash of 2009 looks WAY MORE vicious than the 2000 tech boom crash. It dropped very rapidly in a much shorter time frame than the 2000 crash.. This concerns me..  Also look at the volume for the past 5 years.. wtf is going on? Why is there so much volume now but not before? I'm guessing everything is just expanding? (money/inflation, credit, prices rise, economic boom, QE's, debt, blah blah blah)

Now the all time high of the Dow was 14,198.. We are looking toppy, but I really hope history repeats itself and we BOOM once again.. so my generation gets another amazing opportunity!