Stock Picks and Trade Ideas for Thursday
New Buy Candidates:
New Short Sale Candidates:
Add To: DEJ, SATC
Note: New picks will be posted in the morning.
posted by Nick M. @ 12:28 AM
Thursday, June 19, 2008
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
- Stock Picks and Trade Ideas for Wednesday
- Stock Picks and Trade Ideas for Tuesday
- Stock Picks and Trade Ideas for Monday
- Stock Picks and Trade Ideas for Friday
- Stock Picks and Trade Ideas for Thursday
- Things Are About to Get Ugly...
- Stock Picks and Trade Ideas for Wednesday
- Stock Picks and Trade Ideas for Tuesday
- Stock Picks and Trade Ideas for Monday
- Stock Picks and Trade Ideas for Friday
Subscribe to
Posts [Atom]
4 Comments:
PINN seems to be rising from ashes.
Yre,
Long time no post! PINN? I have seen lots of pumpers pumping this one. Please tell me you're not one of them! Why pick this when there are higher quality plays in the same niche such as APWR and AETI?? In my opinion, PINN is far from being a good long. The most I can do is keep an eye on it.
No Way.
From what you are telling me, I think I got pumped.
I was busy figuring out forex market... man it is one adrenaline kind of market.. if you find right low and go long OR if you find right high and go short... it gives us returns far far better than stock market.. and it can suck us in with same ferocity.. i braved the storms and up 500% in 3 weeks... ofcourse with little money.. I brining them back in to the stock market.. and PAL does look good with palladium metal prices rising non-stop for past 15 days.. can be bullish.
Yre,
Watch out for those pumper stocks. These are usually stocks that have not bottomed out and seem like good bargains. I figured you weren't pumping it. I just brought that up because I noticed PINN being pumped and touted on a lot of message boards and forums.
So your into the forex market. The forex market is an interesting vehicle. I've tried it and occasionally do play a few currency pairs. But only when the opportunity is right. I don't generally day trade forex, so I'll usually play a pair when I identify a stable daily trend. The profits and results won't come in a matter of minutes, but after a few days and weeks, the gains speak for themsevles. In the near term future, I may decide to post some analysis and trade setups pertaining to Forex and Futures/Commodities. I did post some futures/commodities trade setupd a while ago.
I've noticed that some people do believe that it is better than the stock market. I agree that in some aspects it may be better than the stock market. But also in some other ways in can also be inferior as well.
Pros
Possibly more stable trend due to (the interference of surprise news), lack of surprises and company news.
Cons>
Trend can still be affected by news releases such as interest rate changes, etc.
Pro>
Less time spent researching and searching for setups since there is a small number of possible currency pairs (vs. equities). Using intra-day charts, one can find even more possible trades. More trade time since they trade 24hrs a day (for the most part).
Cons>
Less possible setups may ultimately mean less opportunities. Also, intra-day trading/day trading is difficult, even with the help of the most sophisticated software, 90% of daytraders eventually bite the dust.
Pro> Higher leverage/margin than equities. This gives one more buying power which can lead to high returns.
Cons> Higher leverage equals higher risk. It goes both ways, so be careful.
Pro> So with higher leverage, it is easy to make huge returns on ones equity, right? I have heard a handful of stories of couple starting with 7500 in cash and making 250,000. We hear about stories such as these because they are exceptional situations, not the norm. We seldom hear about the countless numbers of traders who have been wiped out because of the dangers and risks associated with Forex.
Cons> Not exactly. There are still plenty of stocks that can surpass even the best forex setups. And this is with the equity markets wimpy 2-1 or 4-1 margin levels. Son't believe me? Look at some of the oil stocks that have made such moves.
Bottom-line, Forex and Equities are not that much different than some people think. In the end, they both offer similar opportunities to make good gains and substantial losses.
Yre, this is not to deter you or anyone else. Just a little info for some people who are not as familiar with Forex markets.
Congrats on your return! Little money or not, that is still a very large percent and something to be proud of! By the way, do you use any sort of money management technique (rule-based) for your trades? Thanks for the heads up on PAL. I will keep an eye on it for now.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home