The JAE16 Experiment

[skiracer]

I agree Ski... (for what little that is worth) I think both of the stocks held their own today... We'll have to see what the market does... if we move towards a long term downward movenment I wouldn't expect to see these two make a move up, however, if we are able to hold somewhere near 12k without going much lower I would expect to see them turn... Let me know what you think?

I want and expect them to hold this developing cup base J. Yesterday was a good sign of them doing just that. It makes me feel there is accumulation sentiment in both stocks. There was some selling but in the end they both levelled out and closed right at my entries with both. Both are now sitting right below their respective 50 dma's. That is the next line of resistance and if they break thru those lines there is a nice area between there and the next line of resistance at their respective 100 dma's. I'm comfortable with both positions but not the markets. Haven't the slightest idea of which direction they are headed in but farther down seems to be the trend right now so looking for a few short setups seems to make sense.

[jae16]

I wasn't unhappy with either one of these trades in todays action. Both held their own and neither of them broke the uniformity of their developing pattern. I am still confident with each trade and am looking forward to them fulfilling my expectations of making the right side of their cup bases over the next few weeks. Patience and deliberate.

I agree Ski... (for what little that is worth) I think both of the stocks held their own today... We'll have to see what the market does... if we move towards a long term downward movenment I wouldn't expect to see these two make a move up, however, if we are able to hold somewhere near 12k without going much lower I would expect to see them turn... Let me know what you think?

[skiracer]

I think both GEHL and WIRE are good entries and plays right here. You have to believe in the pattern/formation and have the experience of trading it successfully a number of times to get to feel comfortable with them. Low risk and high reward with both of these setups right here. Both trades are laid out for you and are still good entries at these levels.

I wasn't unhappy with either one of these trades in todays action. Both held their own and neither of them broke the uniformity of their developing pattern. I am still confident with each trade and am looking forward to them fulfilling my expectations of making the right side of their cup bases over the next few weeks. Patience and deliberate.

[jae16]

JAE,

Good luck. It's great to be a young investor as you have time on your side and can afford to make mistakes...and learn from them.

Ernie

Mr. Market,

Thanks for the encouragement, I hope to learn lots from the people on these boards... which I already have learned a lot especially with regards to technical analysis... particularly from Ski and IIC... I am thankful for the message board you provide here and all the information I am able to pull away from it...

[mrmarket]

JAE,

Good luck. It's great to be a young investor as you have time on your side and can afford to make mistakes...and learn from them.

Ernie

[skiracer]

[quote=tintin;90846]Hey Jae -

If you can do it, Banc of America lets you have 30 trades a month FREE if you have a total of $25,000 in another one or two or three, etc. of their accounts, Savings, checking, CD, etc. - adding up to 25 K - I have mine at a real walk-in bank here in NJ, but there may be another way to do it. Contact them. I figure that 30 trades a month x $7 = $210, 12 months = $2520 as interest on my 25 K - plus any interest my savings acct, CD earns. Better than 10% a year.
So it works for me. But you have to use it to get the benefit, and it has to be under your SS#, it this sound doable.

Also, I heard, several years ago, from a friend who is an active trader that online trades are $5.00 at Brown. I never checked on this.
Good luck.

A few of the people here use Interactive Brokers who are pretty cheap per trade. Not sure how much they require you need to put in to open an account. I use Options Xpress. I know you can open an account for very very little and get all their services and trade for 9.95 a trade. I've been using them for years and pay less per trade but it's a decent sized trading account and the trades decent amounts. Brown requires a minimum of $25000 in a trading account. I am pretty active and am trading large amounts per trade and I never make 30 trades a month so I don't think you can count on the 30 trades per month as a bonus. It's alot of trades and might seem like a good deal until you try to make the 30 trades a month.

[tintin]

Hey ski, on a serious note... that was funny because I actually didn't see you made that same play today until just now... Also, when I add some more funds into my account I am thinking about picking up GEHL... I actually like that pick a bit more than WIRE... not sure why I chose one over the other!

I also have one question for everyone... or anyone who might know... Could any of you reccomend an online broker where I can make cheap trades for someone who is not playing with a lot of money here... I am just a student, so its not like I have 10's of thousands in the market... My acount will more likely have about 2-3 thousand... Right now I have only about $1000 in my account and I am going to add another $2000 tommorow I believe...

This means I need to try and limit my costs per trade... Any ideas? (I am currently with scottrade, and they are $7 a trade!)

Hey Jae -

If you can do it, Banc of America lets you have 30 trades a month FREE if you have a total of $25,000 in another one or two or three, etc. of their accounts, Savings, checking, CD, etc. - adding up to 25 K - I have mine at a real walk-in bank here in NJ, but there may be another way to do it. Contact them. I figure that 30 trades a month x $7 = $210, 12 months = $2520 as interest on my 25 K - plus any interest my savings acct, CD earns. Better than 10% a year.
So it works for me. But you have to use it to get the benefit, and it has to be under your SS#, it this sound doable.

Also, I heard, several years ago, from a friend who is an active trader that online trades are $5.00 at Brown. I never checked on this.
Good luck.
Tintin

[New-born baby]

Nice stock picks! Nice charts!

[skiracer]

I think both GEHL and WIRE are good entries and plays right here. You have to believe in the pattern/formation and have the experience of trading it successfully a number of times to get to feel comfortable with them. Low risk and high reward with both of these setups right here. Both trades are laid out for you and are still good entries at these levels.

[IIC]

Hey ski, on a serious note... that was funny because I actually didn't see you made that same play today until just now... Also, when I add some more funds into my account I am thinking about picking up GEHL... I actually like that pick a bit more than WIRE... not sure why I chose one over the other!

I also have one question for everyone... or anyone who might know... Could any of you reccomend an online broker where I can make cheap trades for someone who is not playing with a lot of money here... I am just a student, so its not like I have 10's of thousands in the market... My acount will more likely have about 2-3 thousand... Right now I have only about $1000 in my account and I am going to add another $2000 tommorow I believe...

This means I need to try and limit my costs per trade... Any ideas? (I am currently with scottrade, and they are $7 a trade!)

Well...you could try Zecco...I have no idea if they are any good or not but if you go to my site, click one of the Zecco buttons I have on the site and sign up... I get $50. I get a few signups from visitors here and there.

But like I said...I have no idea whether or not they are any good...Best, Doug(IIC)

[skiracer]

I like the pattern alot J. like the ascending on the weekly better than the symetrical on the daily. both bullish. the ascending looks like it is getting ready to go off. If you don't mind I would like to post it on my chart list over at StockCharts. Not that you could stop me but I like to ask first when I am using someone elses setup. Wouldn't want to take credit for something that is not mine but also like to show a good pattern whenever I have the chance.

and the daily which is also very nice. nice find J. I am going to post it over at StockCharts and acknowledge it as your find. Thanks. I will be putting this one on my watchlist and looking for an entry around $28/28.25 range.

[jae16]

I like the pattern alot J. like the ascending on the weekly better than the symetrical on the daily. both bullish. the ascending looks like it is getting ready to go off. If you don't mind I would like to post it on my chart list over at StockCharts. Not that you could stop me but I like to ask first when I am using someone elses setup. Wouldn't want to take credit for something that is not mine but also like to show a good pattern whenever I have the chance.

LOL "not that you could stop me" ... so true...

Hey ski absolutely... please feel free to post anything of mine, in fact you don't even need to ask... Happy to be able to contribute in any way possible...

BTW, ski, check out the fundamentals on that stock... good increasing earnings as well as increasing revenue... This could be a real winner if it breaks out and market allows...

[jae16]

Interesting pick. Where did you find it? and the plan to catch the uptrend making the right side of the cup base. Where did you find that strategy?

Hey ski, on a serious note... that was funny because I actually didn't see you made that same play today until just now... Also, when I add some more funds into my account I am thinking about picking up GEHL... I actually like that pick a bit more than WIRE... not sure why I chose one over the other!

I also have one question for everyone... or anyone who might know... Could any of you reccomend an online broker where I can make cheap trades for someone who is not playing with a lot of money here... I am just a student, so its not like I have 10's of thousands in the market... My acount will more likely have about 2-3 thousand... Right now I have only about $1000 in my account and I am going to add another $2000 tommorow I believe...

This means I need to try and limit my costs per trade... Any ideas? (I am currently with scottrade, and they are $7 a trade!)

[skiracer]

I am also watching several stocks from IIC and Ski, as well as a stock called GGB that is forming a triangle pattern

I like the pattern alot J. like the ascending on the weekly better than the symetrical on the daily. both bullish. the ascending looks like it is getting ready to go off. If you don't mind I would like to post it on my chart list over at StockCharts. Not that you could stop me but I like to ask first when I am using someone elses setup. Wouldn't want to take credit for something that is not mine but also like to show a good pattern whenever I have the chance.

[jae16]

Interesting pick. Where did you find it? and the plan to catch the uptrend making the right side of the cup base. Where did you find that strategy?

A wise man once told that strategy, and I found the stock on a website that has made lots of people a lot of money!