Skiracer's stock slopes

[skiracer]

I bet they look at charts just like we do. I bet they know where support and Resistance is located at. I bet he has to feed his family also. Point is if it is obvious to me then it is also obvious to others and if one places stops right at support then they stand a good chance of getting stopped. I know they are not watching my stops per say but they know where clusters are located. Them jokers are good Doug and in fact I bet they tricked you into a day trade by painting the candles you watch.

I think it is a given that they do what they want. That is why they call them market makers. They have the ability to take out stops to make shares available at cheaper prices for their buds and I believe wholeheartedly that they practice this on a regular basis.

[jblaze71]

Peanuts,

You bring up an excellent point. I am also a new trader like Gwhiz (only actively trading for 1 month), granted I am much older (30) than the G. My question is how do you formulate the plan on when to get out of a stock. I study both FA and TA; I will get aprofit on the trade and my natural instinct is to get out after I have made 10%. I do see the high-flying stocks gain much more. Does it just require multiple trade before you get a feel of when to get out or are there certain indicators that can signal an exit strategy?

[peanuts]

Peanuts,

You bring up an excellent point. I am also a new trader like Gwhiz (only actively trading for 1 month), granted I am much older (30) than the G. My question is how do you formulate the plan on when to get out of a stock. I study both FA and TA; I will get aprofit on the trade and my natural instinct is to get out after I have made 10%. I do see the high-flying stocks gain much more. Does it just require multiple trade before you get a feel of when to get out or are there certain indicators that can signal an exit strategy?

Blaze,

Your question is one that every trader asks themself: "how to formulate the plan on when to get out of a stock"

Like you, I use both FA and TA. I use FA to calculate a range of market cap possibilities for my MT and LT investments. Then I calculate that range into share price range. When I see it reaching either end of the range, I pull up the TA and find where the pivot points are, and watch the stock closely until I get the price that I want. Or, I put in trade triggers and just "set it, and forget it." The big thing for me (on the MT to LT investments) is that I try to put a value to company based on the research I can gather. If you can do that, you will be more confident of your buying and selling- because there are fundamental reasons for your moves. The technical analysis aspect to trading only serves to maximize your gains... you learn the pivot points so that you can squeeze a few cents or even a few more dollars out of a stock before you sell. But, IMO, you need to be able to put a fundamental value on a company before your make a mid-term to long-term investment decision.

ST trading is a bit different for me: Fundamental analysis can be as simple as: 1) does the co. make money? 2) is it growing YOY? 3) what is the share structure like? 4) how does it match up against competitors? 5) how is its sector doing? 6) and the usual EPS, P/E, ROE, free cash flow stuff... But the main thing for me when trading ST is TA. I use TA for smaller moves of a few percentage points. I look for pivot points and make buys when my assumptions are proved to be correct... I may miss a few cents here and there, but waiting for that confirmation has taken alot of the risk away from my trades.

There are some great TA traders here. I don't want to start naming them in case I forget someone and make them feel bad, but I think you will be able to tell who can help you after you stick around here longer. Keep asking questions, dude, and you will surely gain. People love to give their ideas and opinions, but be careful when using the information you get from others as part of your own research. You need to form your own opinions and the plan the trade in advance. Ultimately, it's you that makes a decision to buy or sell.

[Runner]

I like btu 44.25-44.50

[Runner]

bot btu 44.25 1R=3.70

[skiracer]

I don't know what is going on with HWCC this morning but I do feel that it is worth watching to see how far it goes. I haven't seen anything on the news wires this morning. Anyone know when it reports? I should have looked before this but haven't.

[skiracer]

SKI and others,
So I boght HGTC @ 13.7 and they reported terrible earnings caused by a one time 2.3 million expense. Down to 13.0 in after hours. Wondering whether I should sell tommorow at the open or whether I should hold. My inclination is to hold because this is not a very volatile stock and there seems to be resistence @ 13. Also, because it was a one time expense, there is nothing fundamentally wrong with the company. Would appreciate any insight that many years of looking at such situations might have produced.

See what exercising patience and controlling the trade will do for you. Now those that ran on that news are confused and their egos are pinched which makes one even more irrational. You are now in the green and should formulate some plan as to what to do from here since you escaped unscathed.

[Gwhiz]

Glad I held onto that.
I'm inclined to hold for the long term.

[Runner]

I overlooked PNR and see it did trigger yesterday. It is trying to follow through.

[peanuts]

Not to much trading today as compared to yesterday. Here's the spreadsheet.

Hi Ski,

I'm going to make some trades today. I'll explain them, too:

sold ATHR @ 22.40 - I see intraday resistance and the previous run-up of 10% should see some profit-taking
sold USLM @ 32.66 - earnings should be reported tonight (in my LT account, and my MOMO account I still hold, but for the purposes of this spreadsheet, I am selling)
sold AP @ 35.40 - this was my weekly steel play, and the week is ending

The others will most likely be carried over to next week.

[peanuts]

Glad I held onto that.
I'm inclined to hold for the long term.

I think that you missed a ST opportunity to sell your shares at a profit, but that is just my opinion

[Gwhiz]

stopped out of iaac @ 27.55.
pissed off about that.
Bought HWCC at 23.70

[Runner]

I like dbc over 25.00

[skiracer]

stopped out of iaac @ 27.55.
pissed off about that.
Bought HWCC at 23.70

Nice play on HWCC. I'm looking to buy it myself today sometime but I'm exercising patience and waiting to see how low it goes. I think with the Friday effect today you might see it go a little lower before the close. I want to own it today because I think you'll get a better price today than on Monday. Where did you get HWCC from Whiz?

[peanuts]

I forgot to post this earlier: I rebought ATHR at $21.95