FEED and GNA both got the action I was expecting and I took some big gains there today. I also had a nice gain in CPSL. I am finishing up taxes but I will try to get back later for some setups tomorrow. Really starting to like the GU setup in a similar vein as FEED. Through 2.50 on good volume and it should see good upside, stop around 2.25.
JAX
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How many stock you suggest maximum for a beginner at the same time ?
I would like to know your tought on
EJ - CKSW - PLD
Some of those have a big engulfh pattern that would lead me to a short
PLD I gave my opinion on the other day. But none of them I would short. There are three types of shorts I look for:
1) stocks that are breaking down through big support on big volume
2) stocks that are having a light volume bounce up towards resistance after recently breaking down
and 3) the riskiest plays, are WTF type plays or stocks that move too far too fast - usually I look for the first sign of weakness to attack such as a green to red to have a reasonable stop out such as day high.
If you are going to start with a portfolio of 5k, there isn't really much choice but to be highly selective and basically wait for perfect setups where you can get almost all your money in. So I would say one prob., two max starting at 5k. You will have to adapt a style of being ultra patient and ultra quick to take gains to grow your account and not get nicked away with small losses and trading expenses.
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