The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

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Wednesday, January 12, 2011

More Strength and even more breakouts

Other notable breakouts: CCME, COOL, CRMD, NLS, PWAV, SBAY, SDIX, ZBB, ZIOP, ZLC

Buys: PDFS (in at 5.86), SBAY (in at 14.86), SWIR (in at 16.32), ZLC (in at 5.73)

9 Comments:

At 12:57 PM , Blogger vhdupati said...

great list...on my radar now...thanks

-VH

 
At 4:11 PM , Blogger Nick M. said...

No prob

 
At 7:02 PM , Blogger vhdupati said...

did you sell any of your previous holdings??

Just wondering...

Thanks

-VH

 
At 10:19 PM , Blogger Nick M. said...

One thing to consider is the strategy. I generally only place 1% of my entire working capital into any given trade. This allows me to tackle on a multitude of positions. I know that some traders do not do this, but I like it as it allows me to take a small piece of a greater amount of stocks that fit my criteria.

Unfortunately, I do not have time to post all of my buys and sells. Also keep in mind that I hold trades for long period of time. I only sell for a loss if I find something better, or if a stock has completely violated its uptrend. Anything else is held until I am satisfied with the profit or if the trend reverses after a decent profit is generated.

 
At 6:53 PM , Blogger vhdupati said...

Hey Nick,

I was just trying to understand/learn few entry and exit strategies. Hope I am not annoying you with my comments.

Thanks for your help...

-VH

 
At 11:08 PM , Blogger Lee said...

Nick welcome back....
REE > I feel the need to get out in the event MR market starts the sell-off. REE looks vulnerable here imo. Your thoughts?

 
At 10:49 AM , Blogger Nick M. said...

vhdupati,

no prob at all. That is the main set of entry/exit strategies that I use. There are others, but they aren't as reliable.

 
At 10:50 AM , Blogger Nick M. said...

Lee,

thank you.

REE should bounce at this level. If it fails, expect more intermediate weakness. It wouldn't be a bad idea to get out if this support fails at the 20 day ma.

 
At 2:15 PM , Blogger Nick M. said...

All of the trades placed on Jan 12 PDFS, SBAY, SWIR except for ZLC have been sold for losses. This was a bad batch of trades to say the least.

 

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