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Outperforming Averages by 50%
Daily trade journal with market, technical, and fundamental analysis. Complete with stock watch lists that include entry/exit points and a daily update on the rationale behind each position.
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Jax Report Card
Outperforming Averages by 50%
Recent Trades
Longs
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
Symbol...Buy......Sell....$ Gain....% Gain
GNK.....12.03....16.98....$4.95.....41.47%
PCX.......6.04......9.00....$2.96......49%
PNX.......2.08......3.35....$1.27......61.06%
CSUN.....2.01....2.98......$.97........48.3%
UYG......3.30.....4.32......$1.02......30.9%
SKF.....135.05....176.5...$41.45....30.69%
DRYS....12.60...19.65....$7.05.....55.55%
STLD.....8.95....11.95.....$3.00.....33.5%
EXM.......9.01...12.70.....$3.69.....40.95%
APWR....5.01.....6.85.....$1.84......36.8%
Shorts
Symbol...Short..Cover..$ Gain...% Gain
SCHN.....27.00...22.75...$4.25.....15.74%
NOV......29.00....23.00..$6.00.....20.69%
SOLF......8.95.....6.80....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
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4 comments:
Thanks for the feedback on SWN.
Could you recommend a good website for investor research? I'm was thinking about getting a subscription to thestreet.com or investors.com but I don't know how to compare.
If you could tell me more about what you are looking for I could advise you better. I have had a subscription to realmoney.com which is thestreet.com pay site. I find it useless except for rev shark and helene meisler's posts. Sharkinvesting.com is Rev's site and has some very smart guys on there. Check out Rev's book, Shark Investing by James DePorre if you are fairly new to the game. As far as investor research I have heard good things about dailygraphs.com but to tell you the truth I don't really use anything except company websites, free sites and from there do my own DD. The best advice I can give is to only read things that are giving insights into how to interpret things for yourself and provide a framework. Instead of those that say "buy buy buy" and this is the right answer. Only you understand your time frames, capital restraints, mentality etc. So I try to listen to a select few (Art Cashin, Rev Shark) but only use that to help form my market opinion...I only use my own thesis for actual buys and sells. I hope I provide a little of that here. I might have wondered off from your question but let me know what exactly you are looking for and I will be able to provide better info. If you are starting out, it is going to take time and you should be learning something everyday. This is really a learn by doing job and you will make tons of mistakes. I still make many everyday. I will try my best to help you avoid as many as I can. The positive is: this is a great time to be entering the game. There will be a huge shift in wealth at the end of this and if you are savvy you will be one of them. Take notes every day you trade. Your buy, sell, stop points and justification of each. Constantly generate and edit a list of rules you will live by and eliminate emotion.
JAX
I'm just starting out and I'm attracted to short-term trading. I'm just about finished with "A Beginner's Guide to Short-term Trading" by Toni Turner. I don't know if you're familiar with the book, but it shows the reader how to do technical analysis for themselves. That's what I'm looking for, really. Information that I can absorb and form my own opinions. My current plan is to take my lumps with short-term trading stocks and expand from there. Keeping it simple, one trade at a time within a sector I understand. One thing I'm currently struggling with is how to measure a company's fundamentals.
You're blog is helping me a lot. I run my own analysis on your picks to see if I can figure out how/why you came to your conclusions.
I'll pick up Shark Investing.
Thank you very much.
Rickey,
Sounds like you are off to a good start with a good mind set. I don't really label myself as any sort of trader. The current market really only allows for very short term trades so that is how I react. That was suppose to be the meaning behind the name of my blog. I trade how the market permits and am always adapting. A "Jack of all trades." I think you will find Rev's book very informative and wish you the best of luck. Please don't every be afraid to ask questions or tell me when I am wrong. The best traders are always adapting, always moving ahead of the pack and that is what I want my blog to be about. We will make mistakes but we will stick to our rules and in the long run we will be sitting atop the mountain.
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