Tuesday, May 31, 2011

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!

1 comment:

Joe said...

Wow, thanks Bob you have been most helpful I appreciate your time!

Good trading
Joe