Trades
New Buy: ERII (in at 6.59), FFHL (in at 1.50...low risk), MDW (in at 0.90)
Sold: AMZN (for roughly 28% gain)
Watching: NEP, PIR, TPI, VISN
posted by Nick M. @ 2:12 PM
Thursday, December 03, 2009
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
- Will Cash Be King Tomorrow??
- Actions: Profit Taking?
- New Buys:
- How to Take Advantage Of: Cash for Crappy Appliances
- Happy Thanksgiving!
- Stocks to Keep an Eye On
- New Buys
- Good Time For Some Profit Taking...
- Stock Picks and Trade Ideas For Friday
- Stock Picks and Trade Ideas for Thursday
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7 Comments:
Crazy market action!
Yeah. Big volume today with really inconclusive action. What do you think about it?
We still have resistance on most of the major indexes. The only one that has surprised me with a bit of strength is the RUT (Russell 2000). Still, what happens when we hit low 20 on the VIX again. Although not impossible, do not expect the support at 20 to easily fail. Sure, the markets can post a huge 2% or higher gain, which may smash the VIX support at 20, but the likelihood of that occurring is low. At this point I am still concerned that we will have a sell off in the next few days.
I'm short. That's the kind of info I'm looking to hear ;) It's funny how our biases sway toward what we want to hear ;)
I'm feeling a bit more bearish today. VIX popped up even though the markets green. Hmm...
Definite sell offs on the Dow and S&P today (tues). Volume was not crazy high, but the indicator is bearish still.
Definitely, momentum on the downside. Will jump back in on the long side once the VIX reverses to the down side and/or once the major indexes start to show support at their moving averages. Dow should have support at 10K. NASDAQ should have support at its 50 day MA or at 2100.
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