Potential Short Positions...
Here are a few potential short positions....
AYI
CCBL
JNS
TWB
posted by Nick M. @ 9:37 PM
Thursday, August 23, 2007
About Me
- Name: Nick M.
- Location: United States
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.
Previous Posts
- Trade Journal
- Several Things....
- Stocks to Keep an Eye On...
- Just Watching the Slow Action....
- Problems with Blogger....
- Several Bullish Charts Emerge...
- Not Impressed/Stand Still
- Oversold Bounce...so What's Next?
- Short Positions Working Just Fine...
- Trying to Keep Up With the Market...
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2 Comments:
For only starting a couple of years ago you are showing flashes of good stock picking ability. However, I would encourge to get away from those very illiquid stocks...trading less than 10,000 shares a day. I think you want to target real, quality leadership stocks that actually trade. Nevertheless, I think you are on your way. Also, I have noticed that some of the stocks you highlight are not in any confirmed uptrend (using the 200 ma). Stocks that are not in an uptrend (200 ma up at least 3 months, preferably 6 months) are prone to failure at a much higher rate.
Keep it up.
Hey Sam,
Thanks for the encouraging words and feedback. Also thanks for the advice. I feel that I'm learning everyday. Everyday I try to improve my strategy, rules and trading style. I'm also still trying to become more disciplined and emotionless with my trading. Your are right about the advantages of trading more heavily traded, market-leading stocks. Stocks such as those (ex: BCSI) are the best to trade and tend to provide impressive gains. I still like the thinly traded stocks as longer term trades (almost like investments). I still treat them like trades though (with a mental stop loss and I add to them at pivot points and pullbacks to the 50 day Ma). You are also right about the dangers of trading a stock that is not in a confirmed up trend. I usually stress the importance of this on my blog (stock should always be trading above the 50 day and 200 day MA), but I occasionally deviate from my own rules and try and buy a stock that seems to be bottoming out (ex: ETC).
I read in your profile that you have been trading for over 11 years. That is very impressive. To stick to anything for that long shows determination and perseverance. Also how do you like your position as a Proprietary Equity Trader? Have you ever considered establishing your own hedge fund? Also, great blog! I look forward to reading more of your stock and market commentary.
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