A QUESTION FROM JOE

Hi Joe
There are links to both of these websites  on the right side

Most of my trade ideas come from 2 sources
Daytradingradio.com
     It's free to listen and Johnny gives great advice and training every day during market hours while he trades live (also free) and he is profitable. Pull up his page and you can also see his trading history.

Also
 GorillaTrades.com
on the free side...go to their website and hit on the portfolio link and they will show you a few of the stocks they are holding.  I try to do a first day trade on their picks--the membership is so large that a stock they list will usually run up a dollar in hours once it is listed.  I'll wait for that gap to come back down and then I'll buy.  With the rest of their portfolio I wait for them to come down to a trend line with the stochastic lined up.
     Both of these sites won't ask you for any information.

And then their is me
     APPL, GS, QQQ   these I picked simply because they were down-- with charts that I thought had a bounce coming (or the opposite on my QQQ short) Many charts have a permanent  home on my screens and when you see them that much....you just get a feeling.

 

The circle and arrow show my AAPL entry at 336.67(if you click on the chart it will get larger) I had 40 cents that day and was down the next day....I worried that it had hit the top of the channel and I was going to be a loser...but I held because the slow stochastic showed it was due for a bounce.

The Q's were based solely on the SPX chart, it had hit the top line and was coming down and

that told me time to short

The day I took this short my blog shows me questioning why I took a short on the bottom trend line

These multiple setup  indicators is what Johnny at Day Trading Radio tries to teach everyday to all who stop by and listen.  I highly recommend him.

For all of my following where to trade.....hardly any of the Gorilla Trades charts have these patterns when they recommend them.   And Johnny at Day Trading Radio... at least half have these setups...but sometimes they scare me....but Johnny is really good at trading.

.and really the best thing I can say is Johnny at DAY TRADING RADIO really is a genius at picking stocks.   Hopes this helps or answers your question----Good Luck with your trading!

Green + 63

out 20 PLL @ 55.56 + 1.11
out 10 AAPL @ 342.91 + 6.14


Okay, at long last---the return of the
Guess My Stop Game (as always,
there will be no prizes awarded,
I mean come on, the price is right up there)

Also, check out this gap up :-)

I'm green for the month
I'm all cash
     Not going to make any more trades for today

Dow up 128


Let the party begin...errrr....half my charts are missing, and still I'm being told I have too many symbols,  I have to rebuild all my chart work....something got screwed up over the weekend...anyways....I'll be rebuilding my quote tracker for hours, but with a smile on my face....another month in the green-----oh ya!

Other stuff:  well sort of....my computer has a huge headache today, but the charts and pictures are working on blogger again

Green + 163

out 30 GS @ 138.02 + 1.37
out 30 PLL @ 55.20 + . 76
out 20 GS @ 138.74 + 2.09

Dow up 38
still getting server rejected...so no graphs...or my traditional pig to show my feelings about a 3 day weekend.....sigh

Other stuff:  If it ain't too muddy, I will try a hike and some 4wheeling....either me stuck in mud up to my knees, or the Jeep running scared..(I can't get the Jeep stuck!)

Green + 6

no trades today

Since I have to guess at it
Dow up 26



Blogger is falling apart....won't post pictures....just lost Thursday...lost a day last week

Red - 83

short 1 YM contract @ 12304
covered @ 12315 - 11 points (loss)
     yep kinda knew I was gonna screw it up
added 50 GS @ 136.61
added 50 PLL @ 54.40
added 10 AAPL @ 336.67
     gonna try and see if I can continue to do 50 share lots

Dow up 38

Zero

And of course!  Welcome to the new subscriber
.
Spent most of the time trying to repair a computer for work
     so no trades today....And tomorrow it will be round two of fixing the work computer

It's hard to step into anything right now, I'm all cash....and the only thing I can think of is to start trading the futures, so I can day trade.  But I'm worried about last year and bad futures trading that made up my two worst months...May & June

Dow down 25

Zero

no trades today

where did the day go?

Dow down 131

Green + 37

I almost forgot....Welcome To The New Guy!!!

covered 50 QQQ @ 57.82 + .12(profit)
     running a really tight stop...
...I hate it when a profit turns into a loss...can't let the green disappear
covered 50 QQQ @ 57.81 + .13 (profit)
those 100 shares took a lot of concentration and baby sitting, I miss being a day trader.

Dow down 93




After researching why last year this month was my worst month, I found out it came down to me daytrading the YM (mini Dow futures)
aaauuuuggggghhh.........and now I want to trade the futures again.

Anyways....these blogs are great for going back and looking at what happened.  Kinda like keeping that diary they always talk about.   And they are free, don't take any space, or paper and ink.

Some changes that have occurred in how I list my entries in this blog...
added  share prices
added actual amounts my account value changed by
     I use to only list Red or Green, or beat my daily goal as my totals
added the amount of profit or loss on a trade (minus the brokers fees)
added the Dow chart
added the Dow chart with the closing total
     Wonder why I just didn't do that at the same time?

All these items help me to look back at my trading and look for ways to make me a  better trader, and except for a long post like this, it is short and simple to go back and look at old trades.

And after all that...I'm realizing it's Friday and I can't trade again till Monday...the depression is already sinking in.....sigh

Red - 19

Just spent today babysitting my Q's
     Put a tight stop on them

Dow up 45





Also spent a lot of time working on a payroll....Kinda took the stress off my short....not really

Red - 9

short 100 QQQ @ 57.96

not the best place for a short...

Dow up 80

Green + 29

covered 50 TRMB @ 41.69 + 1.50 (profit)

     I need to take on more positions...but without the risk...errrrr

 

Dow down 68






Other stuff: 

Over the weekend I did this....

Green + 45

shorted 50 TRMB @ 43.19

Dow down 47

Green + 54

covered 80 QQQ @ 58.54 + .42 (profit)
covered 20 QQQ @ 58.59 + .37 (profit)

 This is a 60 minute chart
for the past 5 days...more often than not the slow stochastics will show a market direction.  This chart also shows overnight ES action.  Solid to dash is overnight...dash to solid line is day time trading.  I don't trade overnight
but I do use this to help me make decisions on which way the market might be headed.

Dow down 100

Friday again so soon?

 

Red - 20

My Thursday 5/12/11 disappeared
I shorted 100 QQQ @ 58.98

Red - 3

out 10 AVGO @ 35.58 + 3.76

Dow down 130

Green + 3

Ya, no trades today again...I'm worried about a downtrend coming up...but I gotta start trading soon....either short or long

Dow up 75

Green + 5

No trades today....would have been a good day to trade...(you know, coulda, woulda, shoulda)

Dow up 46

Green + 20

out 20 ACM @ 28.24 + .83

Dow up 54

Friday again....so soon....sigh

Green + 25

out 10 RS @ 53.10 - 4.73

Dow down 139

Red - 111

out 20 INT @ 35.53 - 3.83
out 50 TGH @ 33.52 - 2.32
out 10 CELG @ 61.17 + 1.92
out 20 NUE @ 45.25 - 2.69
out 10 CELG @ 60.71 +1.46
out 10 ARJ @ 34.99 -4.69

Guess my stop game on the right....

is the thrill gone because I'm down,
or because the answer is right up above?

Dow down 84

REd - 112

out 10 MCRS @ 51.66 + 4.02
out 10 TLCR @ 27.93 + 4.03
out 10 KAMN @ 36.11 + 3.52

Down today....that kinda sucks

Dow even

red - 46

out 20 POT @ 56.00 + .25
shorted 80 POT @ 56.00
covered 80 POT @ 55.81 + .19 (profit)
     Messed up my share amount and ended up selling 100 instead of the 20 shares I owned...whoops!     Burned a day trade with this.
out 10 RTI @ 31.98 + 3.38
     on a 2 dollar trail...put on today

Guess my stop game
on the right....some
market maker must be
completely nuts to go
after my 10 shares like that
   
Doing a payroll instead of watching my account.....sigh

Dow down 3