SVVS - through 11.25
F - through 6
MEDX - through 6.65
VCI - through 5
OPLK - through 11.35
SFLY - through 13.25
CRUS - through 4.55
UA - through 25.5
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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....$2.15.....31.61%
Feel free to e-mail me @ TraderJax@rocketmail.com
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4 comments:
When I was trading fake money, very often I find out most of your picks where very good.
What about the pics from sunday ? Monday was crazy and today was very boring, except for the last hour.
I took a look to those and here are my entry point for them tomorrow.
PZG - 1.30
GSX - 0.50
EXXI - 0.69
ENT - 1.34
PLLL - 1.95
DPTR - 3.15
SYNM - 1.95
PFSW - 1.29
CPE - 2.25
URRE - 1.60
XIN - 5.31
ISTA - 2.42
My capital is 7k$, and I intend to increase it to 12k$
Im finding a new broker also, since it cost me 20$ the trade (so I need to profit 40$ at least to be even) WTF !
I also have a daily newletter from a website, I could share it to you if you want to.
oh, and give a break on coffee, take a 2nd look at your pics, somme look like the same !
Ok here my journey :
BEE - Was holding from yesterday with 1.38 buy, sold it around 1.49 today, its a stop loss that triggered while I went for the
breakfast.
The action gapped up at the open but I didnt selled it, it went down to 1.31 and closed to 1.55 (previous close was 1.50)
Comments ?
VSR - Was holding from 2.98, sold near the same price, no action and volume support, I put my money elsewhere imo.
SIGA - Was holding with an entry at 6.6 Gapped up at 7.0 for the open but seller jumped in.. my stop loss was at 6.4 and didnt triggered with 6.5 as a day low.
Since the action is near the 52weeks highs, im holding there.
F - Still holding
The only trade from your list that triggered early (most of others pulled back if im right)
In at 6.03(Yeah missed the 6.00) and it seemed to have good vol so far. Took 230 shares since my stop is 5.85 so I took less share.
What do you think of my stop limit ?
VCI - Still holding
The other one wich triggered in the afternoon. In at 5.0 , volume is better than yesterday..
Do you think volume was too light to take a position ? My sell stop is at 4.75, near day low
EXXI - Still holding
This one had my entry at 0.69 but since im slow and always unsure, I took it at 0.73.. huge volume, went up to 0.86, stabilized at 0.81 for a moment and then wandered between 0.74-0.78 the rest of the day, closed 0.74
With 1000 shares of this one, was waiting before taking profit too greedy ? The momentum of this one wasnt in the close but had good vol, so is holding bad ?
From the forum I took 2 others :
HGSI - Holding
Entry was 2.22, closed 2.13.. it was near the 2.25 high and breaked it so tought it was fine.. it also have good support where I put my stop at 1.85
UYG - Holding
Entry at 4.31 and stop is at 4.04
Closed at 4.411 and strong volume.
I have an other Q.. what do you consider a good volume surge to make your entry point worth it ?
What kind of chart are you using ?
And what are your feeling regarding my trades - strategy so far ?
Thanks in advance, and I really liked the advice from yesterday, I took the first 30-60min more easy today but standing on the computer all day long is sometime hard for the mind since im not used to see those bars ticking^^
Have a good night
Yeah most of those trades didn't trigger, that is by design. I really didn't like the action too much today and alot of the action seemed extremely forced to me. A lot of small cap movers for no reason, etc. When my trades aren't triggering there is an underlying reason for it and I remain patient. From all your posts so far, it seems to me the biggest lesson you can learn is patience. You do not want to force things in this market especially when the market is overbought in the short term, and I don't care how far the indexes have rallied, this is still a bear market because none of the fundamentals have changed. We are getting huge short squeezes on earnings that are beating drastically decreased estimates. While this will lead to short term rallies we are going to see a correction sometime. The thing about these rallies is that they are very similar to oversold capitulation action. They can go on alot further than you think and push the extremes beyond comprehension. This all plays into psychology and has nothing to do with the actual earnings and the value of the underlying securities. Keep this in mind because if you are getting anxious sitting in front of the screens not doing anything, you are setting yourself to get burnt big time. Keep in mind rule number one is protecting your capital, gains are secondary. Especially when you have a small account such as yours. Truly you should be studying charts and making watchlists 90% of the time and trading only 10% of the time. You should be waiting for those perfect setups like GMXR, PCX, and HERO which I have had huge gains in over the past couple weeks and am not content to protect while I work to find the next perfect setup. I will post the GMXR trade to help identify the type of trades you should be making in your size account.
JAX
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