IIC's Winners Watchlists

[IIC]

IIC,

Thank you for the description of your trading strategies. I appreciate the effort. I am particularly interested in your daytrading these past three months. Am I asking too much to ask,'what kind of numbers did you pull down?' By that I mean:

1. What percentage of trades were winners?
2. What percentage total gain did 3 months produce?
3. Could I, using your system, expect to make $30K or more per year daytrading?
4. What kind of advice would you care to toss my way?

IIC, if any of this is too personal, please ignore it, and accept my apologies. I am looking to really sharpen my investing skills. I would like to increase my investing profit and reap a steady income stream from it. That is why I ask.

Lastly, if you jump into any MoMo tomorrow, I'd like to read about it.

Thank you in advance. And the very best investing to you.

I have no problem with you asking.

My trades were almost 50-50 up/down. I never caught a runner which I thought I would about once a week in the beginning...although there were some that ran after I sold 'em.

I did not use my margin...but after commish, I am up 49.2% on my original allotment.

Using my system???...I tried a number of systems. But there are 3 major factors 1) I did not allot an amount that would have crushed me had I done poorly( So I was never under any big emotional strain) and 2) I was doing this as an experiment...I didn't have to depend on profits to live on and 3) Since I only BOT 100-2800 shs at a time(avg. was about 300-500) I wasn't influencing anything on lower ADV issues. But, if I was buying 5-10x as many shs I may not have been able to get the buy/sell prices I got(and sometimes even then I felt like I got screwed). Actually, larger buys could have been deadly on some trades.

These are big factors IMO. If I was trading for a living...rather than the future, I would not have taken so many risks. I'm going to take a little time and review all the trades...I took notes, but they don't cover everything.
But, I don't think I'll be daytrading for a living...too many ups and downs and I'm not so sure I would have the emotional makeup to depend on paying all my bills on my stock trades.

$30,000??? Well, it depends on how much you have to start with. If you start with $30,000 then you have to make 100% yr...If you start with $500,000 then it's only 6% yr...The former would be very pressure filled IMO if you depended on the $$$ to live on...Best, IIC

[IIC]

BillyJoe,

I just looked at TZOO on the charts. Failed breakout. Looks to me--and I am not Spike or IIC, mind you, so double check this--that TZOO has just finished a 4th wave up move. Now doesn't WON say that you shouldn't buy stocks that have completed a 4th wave up, but be prepared to short the 5th wave, because "baby, that's all she wrote."

My viewpoint: I wouldn't touch this with a 10 foot pole, especially in this market. Of course, with my narrow, computer geek chest, I have trouble lifting a ten foot pole anyway.

Looks like a 4th wave up to me too...I thoroughly enjoyed letting IBD know about the same thing late last year on CYD when it was in a similar situation and was # 1 on the IBD 100...next week it fell off the list...LOL...Of course they wouldn't give me any credit...but I also let them know where to find CYD's quarterly reports(Foreign cos. don't have to file electronically...but it was right on their site)...Geez...For all the $$$ they charge, you'd think they would check things out. There sure were a lot of mad investors that Friday night when CYD fell off...

[IIC]

I wish I would have been stupid and jumped in when TZOO was at $15...

I book most of my tickets on Travelocity or Orbitz. As a matter of fact I bought some tickets to Paris for $395, tax and all off of travelocity, last month. Who needs TZOO? What good is it???

Orbitz.com is very good for car rentals(a number of cos. on one page)...you can check the prices on Premiums or Full Sizes...go with the cheapest one...I get upgraded all the time that way...they never have them when you get there. Last year in OAK I ended up with a Lincoln TownCar for 39 bux...took me 15 mins to figure out how to drive it though...IIC

[New-born baby]

Daytrading

IIC,

UP 49.2%? Let's see: on 100 grand, you'd be up $49,200 for the year. Not too shabby. I guess I could live off of peanut butter and jelly with that kind of cash.

Scottrade lets you run 4x your cash in margin for daytrading. $25k = $100K with their program. You just need to make winning trades so that you have $100k to work with. That's the issue. And 300 shares doesn't make much money in anything, does it? If the stock jumps up a buck, (a rare run, I'd think), after commisions, you're only good $276.

I was thinking that a daytrader needs 2k-3k shares per pop. 3k shares = $30 per cent move; and if you could get a 10 cent move, then you are up $276. That seems more easily attained than the $1.

Some have suggested that one should only trade stocks with BETAs exceeding 1.5, and moving a minimum of 1 million shares per day or more. I look at stocks like LU. Worthless company, moving 50-60 million shares per day. It is nothing to see 50k shares across the ticker in one transaction. That has to be just a daytrader's stock (IMO). Microsoft, moving 30 million shares per day. QCOM, EBAY and of course, TASR all seem to be daytraders' stocks. Did you ever play with one of these? Or would you care to comment about your philosophy of selecting daytrading stocks?

Thanks for everything.

[RL]

Received this e-mail Nov. 20th. It's a free trial sent no money or credit card # so thought I would take a look. Not my thing but maybe someone would like to take a look.Saturday, November 20, 2004


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[IIC]

IIC,

UP 49.2%? Let's see: on 100 grand, you'd be up $49,200 for the year. Not too shabby. I guess I could live off of peanut butter and jelly with that kind of cash.

Scottrade lets you run 4x your cash in margin for daytrading. $25k = $100K with their program. You just need to make winning trades so that you have $100k to work with. That's the issue. And 300 shares doesn't make much money in anything, does it? If the stock jumps up a buck, (a rare run, I'd think), after commisions, you're only good $276.

I was thinking that a daytrader needs 2k-3k shares per pop. 3k shares = $30 per cent move; and if you could get a 10 cent move, then you are up $276. That seems more easily attained than the $1.

Some have suggested that one should only trade stocks with BETAs exceeding 1.5, and moving a minimum of 1 million shares per day or more. I look at stocks like LU. Worthless company, moving 50-60 million shares per day. It is nothing to see 50k shares across the ticker in one transaction. That has to be just a daytrader's stock (IMO). Microsoft, moving 30 million shares per day. QCOM, EBAY and of course, TASR all seem to be daytraders' stocks. Did you ever play with one of these? Or would you care to comment about your philosophy of selecting daytrading stocks?

Thanks for everything.

Yes...I know people who are daytraders who only trade large caps...it is much less risky. Betas are important...but news is news...and in that case betas don't mean much. I didn't perfect anything...and in some cases I was very lucky...but in others...not so...it evens out in the long run. Many that I played were small caps...they have a better potential for a run IMO...but I didn't catch any real runners. Also, I tried to cut losses quick...A few times i didn't though...overall, a bad move.

Personally, I liked the smaller cap stocks overall...but as I said...I was not depending on profits to pay the bills...might be a different story if I was...IIC

[IIC]

Nice day today:
Naz Share Volume A-1,181,852,372 D-643,329,831 U-61,133,678 ...Naz A/D/U/NH/NL...1,851 /1,275 /138 /132 /28 ...Top Sectors: Coal, Mining, Steel...Top Groups: Oil & Gas Operations,Insurance (Prop. & Casualty), Electric Utilities

I got +'s on ASIA EGHT TOPT AGIX PCSA and lost on one ADBL

[billyjoe]

Week 6 First Call Analysts "Highest Ratings" Portfolio and Report Card

ratings 1.0 = buy 2.0 = buy/hold last week price , this week price , loss/gain percentage

dropped from last week ULBI AIRN BKST new this week PERY SCST UWN

1.0 STGS 38.71 37.92 -2%
1.2 EPL 17.64 18.45 +4.6
1.2 MSM 35.63 36.00 +1
1.2 KERX 13.70 11.81 -13.8
1.2 DTPI 12.85 12.17 - 5.3
1.2 SAH 21.98 22.53 +2.5
1.2 LRW 15.94 15.50 -2.8
1.2 PERY 19.80 21.87 +10.5
1.2 SCST 20.05 21.05 +5
1.2 UWN 11.04 11.10 -.5

Week 6 5 advanced 5 declined grade B-

[IIC]

Announced at 5pm EST today:

CONTRACTS


DEFENSE INFORMATION SYSTEMS AGENCY


Harris Technical Services Corp., Alexandria, Va., is being awarded an Indefinite Delivery/Indefinite Quantity contract with a base period of two years and seven one-year options for a total potential period of performance of nine years. The contract has a maximum ceiling of $175 million. This contract will support the Crisis Management System by providing integrated secure services for the exchange of full motion video, voice, graphics, facsimile, and data via fixed facilities located throughout the continental U.S. The requirement was solicited and awarded on a sole-source basis. The Defense Information Technology Contracting Organization - National Capital Region is the contracting activity (HC1047-05-C-4017).


AIR FORCE


Lockheed Martin Missiles and Fire Control, Orlando, Fla., is being awarded a $112,251,744 firm fixed price contract modification to provide for Lot 4 - 288 Joint Air-to-Surface Standoff Missile (JASSM, AGM-15 with warranties. The location of performance is Lockheed Martin Integrated Systems, Orlando, Fla., and Lockheed Martin Missiles and Fire Control, Orlando, Fla., and Troy, Ala. Total funds have been obligated. This work will be complete by February 2007. The Headquarters Air Armament Center, Eglin Air Force Base, Fla., is the contracting activity (FA8682-04-C-0060, P00007).



Blaine Warren Advertising, Henderson, Nev., is being awarded a $7,000,000 fixed priced, cost-plus fixed-fee and cost reimbursable contract modification to provide for advertising services for the Air Force Reserve Command. Total funds have been obligated. Solicitation began June 2004 and negotiations were completed November 2004. The Air Force Reserve Command is the contracting activity (FA6643-05-D-0001).



Computer Sciences Corp., Falls Church, Va., is being awarded a $5,968,596 cost-plus fixed fee contract to provide for Air Force Network Center, Network Security Division Computer Security Assistance Program. The location of performance is Air Intelligence Agency, San Antonio, Texas, and HQ 8 AF Det 1, Barksdale Air Force Base, La. Total funds have been obligated. This work will be complete by November 2005. Solicitation began October 2004. The Air Intelligence Agency, San Antonio, Texas, is the contracting activity (F41621-03-D-6100).



The Boeing Co., Anaheim, Calif., is being awarded a $5,650,377 cost-plus award-fee contract modification. This proposed contract will design, develop, produce, test, obtain certifications, and install, engineering model (EDM) antennas and any required ancillary test and support equipment in accordance with the document set forth in section C, Description/Specifications/Work Statement. This contract will also support government testing maintain EDM antennas and provide support at EDM sites as defined in IMP. At this time, $2,000,000 of the funds have been obligated. This work will be complete by November 2007. The Headquarters Electronic Systems Center, Hanscom Air Force Base, Mass., is the contracting activity (F19628-02-C-0048, P0003.



DEFENSE LOGISTICS AGENCY



Constellation NewEnergy, Houston, Texas, is being awarded a $91,265,994 firm fixed price type contract for electricity for various U.S. military installations and Federal civilian agencies in Texas. Performance completion date is expected to be January 2007. Contract funds will expire at the end of the current fiscal year. There were 66 proposals solicited and 15 responded. The Defense Energy Support Center is the contracting activity. (SP0600-05-D-8007)



Calpine Power America, LP, San Jose, Calif., is being awarded a $25,402,803 firm fixed price type contract for electricity for a Federal civilian installation in Texas. Performance completion date is expected to be January 2007. Contract funds will expire at end of current fiscal year. There were 66 proposals solicited and 15 responded. The Defense Energy Support Center is the contracting activity. (SP0600-05-D-8006)



NAVY



Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Marietta, Ga., is being awarded a $35,226,634 modification to a previously awarded indefinite-delivery, indefinite-quantity contract (N00019-04-D-0001) to exercise an option for logistics support, technical engineering support services, and spares procurement for the U.S. Marine Corps KC-130J and other U.S. Government C-130J aircraft. Work will be performed at the Marine Corps Air Station (MCAS), Cherry Point, N.C. (90 percent) and MCAS Miramar, Calif. (10 percent), and is expected to be completed in December 2005. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.

Rolls Royce Corp., Indianapolis, Ind., is being awarded a $7,204,484 modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00019-03-D-0002) to exercise an option for logistics support, technical engineering support services, and spare engines and associated parts for the U.S. Marine Corps KC-130J AE2100D3 turboprop engine and R391 propeller. Work will be performed at the Marine Corps Air Station (MCAS), Cherry Point, N.C. (90 percent) and MCAS Miramar, Calif. (10 percent), and is expected to be completed in November 2005. Contract funds will not expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.

[IIC]

Today's MoMo:

PCSA AAPL BTU CCJ NGPS FRO JCC ADBL SYNA BOOM ENER ABLE VLCCF KRO TOPT BXX INCX INHX ANTP NFLD PACT PKZ LCAV DCAI LMIA DHB RES VPI ROXI KFX WLT PFIN AIQ SIRI ADES HSVLY APCS UPCS AXYS MDKI TUNE KEYW CIB PDC BLT FRD CTT SMXC ICOC AMTA MTMC

Also, The Feds put in over $9.7 billion in the Repo pool today. Where will it end up? Dow Futs? Watch out tomorrow to see what will emerge...I'm no expert on Repurchase Agreements...but they can have short term(like overnight)effects...until they are reversed.

Anyone who knows more about this? Thanks, IIC

[IIC]

New Born...just read over the posts again...this was an experiment...I am no daytrading expert...I was not mentally prepared to put $50-90k into a daytrade.

Many of these news plays and vol. movers I never even heard of a minute before I bot them. It's one thing putting up 10 grand and quite another putting up 90 grand...or even 30 grand....at least to me.

I have no illusions about becoming a f/t daytrader...I don't think that would be an easy living. I also don't think I would have done as well % wise had I been trading large amounts.

On good days I made 6 or 7 hundred...on bad days I lost 3 or 4 hundred. My best week was +3000...my worst was -1000...rounded. On my last day(today) I was TOPT +.50 sh, AGIX +.70, PCSA +.48, ASIA +.10, EGHT +.05 and ADBL -.30.

If a daytrader has to buy 3000 shs all the time then I'd say they better know that stock well...in most cases I did not. In fact, most mornings I woke up not knowing which stocks I'd be watching.

From here on, I'd say I will be daytrading less frequently and Swing trading more...IIC

[IIC]

Decided not to go too far tonight:

Support/Resistance for Tuesday

Nasdaq

Resistance

2116
2098

Support

2050
2025

QQQ

Resistance

39.50
39.35

Support

38.95
39.35

[New-born baby]

Daytrading news

IIC,

Would you tell me then exactly what news you were looking for, and where you got it? I am interested in your system and may dabble in it.

Thank you.

[IIC]

IIC,

Would you tell me then exactly what news you were looking for, and where you got it? I am interested in your system and may dabble in it.

Thank you.

FDA news, EPS surpises, raised guidance and miscellaneous items. I use Briefing, Dow Jones, Yahoo, PR Newswire sometimes, but mostly pre-mkt I use http://www.realtimetraders.com/cust/...stk_alerts.asp and I check all my clubs.

You can also check Nasdaq.com for pre movers and sometimes I check the pre action on any company that is announcing pre-mkt

[IIC]

Also, I set up a streamer for stocks upgraded...you can get most of them from Briefing.com