This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.
In order to take advantage of the current market strength, I decided to buy several stocks on my radar screen.
New Buys: VSCN (rebought after selling for small loss), TRT (rebought), WSTG, HOKU, ELON, PATK, TRFX, METH
Added to: ANET, GBX, PHC, VII, SLT
Sold-Profit: CVU (+3%), VSCN sold intra-day (+9.2%)
Sold-Loss: CFI (-1.5%)
posted by Nick M. @ 12:43 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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4 Comments:
Still holding BZC?
Yep, still holding. I will continue to hold unless the technicals completely fail.
when you purchase stocks on your watch lists, do you place a stop loss?
I usually don't use stop losses. I used them in the past only to watch the stocks bounce back up after my shares were sold off. I use a mental stop loss plan on all my stocks. If I notice that the technicals have gone sour and that there is no chance for the stock to rebound, I sell. I also sell if a stock breaks down from the 50 day MA since that would signify a major trend change. Lastly, I might also sell a position if it decreases 7-8% from the buypoint (IBD).
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