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

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.

Tuesday, March 08, 2011

Sitting Back and Watching...

The market has been pretty much laterally range bound for the past several sessions. Soon enough, we should either have a breakout to the upside or downside. I prefer not to gamble so I will wait to see what happens. For a breakout, we need to spike out above the 12400 range and close near the top of the range. For a breakdown, any downward thrust below 12,000 with a close near the low will do. Stay tuned.

Watching: ZBB

Friday, March 04, 2011

Back to the Grind

been busy with so much (engagement party, school, work, etc) that I haven't had time to post. I have been putting in some trades here and there, but rather conservatively due to the recent spike in volatility. Some of the highlights have been a few quick day trades in stocks such as BDCO, ROYL, TGC, etc. I had played most of these back in the summer 2008 for sizeable gains during the last huge oil spike. Another interesting oil stock to watch is LEI. I jumped in on its initial spike two sessions ago and will continue to hold on.

Also Good: BRNC, UDRL, GMET, GPL

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