tag:blogger.com,1999:blog-11198437731452426762024-03-14T07:49:31.023-07:00Trading Journal for RickHRickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.comBlogger94125tag:blogger.com,1999:blog-1119843773145242676.post-19430686606298153032019-11-19T13:45:00.000-08:002019-11-21T17:21:44.701-08:00Early winner/loser in 5g, Ericsson ERIC, Nokia NOK I like to start collecting stock tickers for after the new year, stocks that have been beaten down and window dressed more than they deserve. Nokia is now on the list. I have tried to own this 5g play for the last year and it has stopped me out every time; too eager and too loose with the technicals. Regardless, at these levels, if Nokia does not get bought out, and that's a big if now with cheapRickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-29099201271765232542019-10-21T16:38:00.001-07:002019-10-23T18:50:31.802-07:00Carvana CVNAI've tweeted about Carvana in the past and it still looks like it has legs. Not completely my kind of chart action, it is a bit of a grinder, but I will stick to my call that it is going to $140. They have monster growth, an ex-con don, cement buckets of experience in the used car industry, and a whole rocket stage full of short fuel, filled by bears who get enraged looking at those car vending RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-73703770154885159442018-06-26T10:58:00.003-07:002018-06-26T12:04:34.974-07:00MSFT fully baked
Targets reached. Nice one! I know its been a while since I posted but am still here, still trading. I'll try and crank out some posts...
RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-34035114113578052762014-06-18T20:44:00.000-07:002018-06-26T12:05:07.467-07:00MSFT chart beauty, aging wellOn January 4 2012 I posted this chart:
Here is what we have now:
Well, things are working out fine in this trade, so the question is, whats next? I think we can hold to the IBM example in the Jan 4 post. This should fill in the right side of this pattern, so the next target should be that 50 to 55, after that 75 then 100. Again, this is a very long term play, so its not likely to get RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-88585892762194643692013-01-16T19:11:00.002-08:002013-01-16T19:11:46.439-08:00Investing for everyoneAs a full time trader I always struggle how to come up with a system that the average person with a 401k or other savings can use and invest as safely as possible with the least amount of time and stress. I understand that for most people following the markets and dealing with stocks is akin to trips to the dentist, necessary but uncomfortable, long stretches of tedium with sharp hits of pain andRickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-68222355709733888242012-10-12T11:13:00.001-07:002012-10-12T11:13:23.201-07:00It was a good swing trading environment from June, but with the pullback here, elections looming, Euro and Asia news, mixed signals from the dollar, bonds, and vix, etc., holding for traders is more difficult right now. The good news is that earnings season started this week, and these morning gappers have acted very well. JBHT NPSP STM STEM ECL were all very tradeable today even though the RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-85927886532304268862012-06-28T09:38:00.001-07:002012-06-28T09:43:42.238-07:00SPY chopThe market is just chopping around in a range, a real mess. Seems a market only for scalpers or long term holds with wide tolerance. Best to wait for some direction. If you are holding any longs (or shorts) for an extended period, plot them with the SPY and make sure they have their own independent momentum, and are not just chopping around with everything else.
Here is a possible scenario...
RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-52441042679701535882012-06-04T07:36:00.003-07:002012-06-04T12:45:00.990-07:00trading edge in FBHere is an overlay of the SPY and FB that I took on Friday. Is there an edge here?
Might consider waiting for a divergence to give some indication.RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-52971974163859022972012-05-09T19:50:00.003-07:002012-05-09T19:59:04.163-07:00keep on keeping onStill here, still trading, always adapting. Been very light trading in the morning, with 1/4 size and a "right or right out" mentality. I have been making more successful trades in the afternoon after things shape up and the direction of the day becomes clear, so have shifted accordingly. It seems the market is all about headfakes in the morming. I remember a time when most my trades were morningRickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-18794061215651915532012-04-10T20:30:00.000-07:002012-04-10T20:30:03.813-07:00Initial spike trade - OCZOCZ came up on my scanner last week with a big volume and modest price spike. Part of the trade was a simple break of the high of the spike, but I also got into some at the low of the initial pullback, based on some reckoning on where it might dip to and how much I was willing to risk. I should state, which I did not in the chart notes, is that my calculated stop was just below the base created RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-75888996799145609712012-03-13T16:02:00.001-07:002012-03-13T16:03:41.609-07:00JPM tradePressed for time so just marked up the chart and blurted out some stuff. I did not call this one out live. I trade with people who are much much better than I at entries and have a higher success rate and actually move markets on the thin ones, so I mostly keep quiet unless I can offer something that was missed. The room is busy, I am pretty new there, and I feel only the best traders should be RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-29631957782934396282012-03-08T19:53:00.001-08:002012-03-08T20:50:40.788-08:00"Buy low, sell lower", or "Too high to buy."This radiolab episode is worth listening to, not only because it is well done and interesting (at least to me), but I think it is worth considering if these natural tendencies have sway over ones trading decisions, especially for long traders/investors. Are the best traders those 1 in 5 people?RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-30357042474036647432012-02-08T21:36:00.000-08:002012-02-08T21:36:58.552-08:00tighter and tighterHow long has the market been tempting a run in the morning, only to pull back below lows of the day and threaten to deteriorate into a nasty selloff, only to rally back into neutral or break the high and finish near highs? Weeks, that is how long. I can only recall one day that turned into a trend down day (off the top of my head). So today the same thing happened. It will keep happening until itRickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-16626983339210309622012-02-03T13:53:00.000-08:002012-02-03T14:56:50.159-08:00Best and worst trades, February 3rd, 2012Good day. Being patient in the morning, being very careful with overnighting, and guarding profits was the key. Kunal at BOWS mentions about quickly guarding profits and ticky-tacking your way up. He is quick to take profits and move along. This has been very good for me to hear, as I often want to hit the homerun. I have the habit of seeing the greatest technical potential in a move, and RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com3tag:blogger.com,1999:blog-1119843773145242676.post-40890541785339982032012-01-26T14:32:00.000-08:002012-01-26T14:37:36.448-08:00observationsMy AM trading not so good, my PM trading good, so keeping sizes smaller in AM and scalping or putting stops to b/e asap. Staying away from one dollar opening bar ranges and looking for tight setups for the first 15 mins. So many days of people expecting the market to pull back, then it does not come, or does come like today, so you just have to wait and see how supportive the market will be. It RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-57006368828101755162012-01-10T19:00:00.000-08:002012-01-10T19:06:34.269-08:00Earnings season start, best and worst trades.Nice to have earnings season here, should at least give some individual names some solid direction, and maybe hold up the market. I had a nice one in RIG which was called out in real time in the BOWS chat room, but I also got a guidance/earnings gap play first thing in the morning, and I hope there will be many more to come, you just never know how things will start shaking out. Here's the good..RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com4tag:blogger.com,1999:blog-1119843773145242676.post-45781477623696696382012-01-04T18:41:00.000-08:002012-01-04T20:37:38.262-08:00Microsoft chart beauty!Do you own MSFT and are getting fed up and thinking of selling? Do you think they are undervalued and wonder why the stock is not moving up? Did you inherit some stock and wonder whether to sell it or not? Well, it looks like MSFT is near an important inflection point, where the price could see some significant movement, hopefully to the upside. The price action the last two days is encouraging.
RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-59213912505219299942012-01-03T18:44:00.000-08:002012-01-03T18:44:45.327-08:00scanner tradeAs said before, I have been using a scanner lately, and I have been finding it a useful tool in specific situations. Today we had a big gap up, and on these days I find little use for it at the open, but on weak openings I have the scanner set to identify stocks that have gapped up and are near highs of the day. On the 29th we had such a morning, and one name that popped up right away was DHI. I RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-31401824440887394492012-01-02T16:02:00.000-08:002012-01-04T14:05:09.457-08:002011 Carnac prediction resultsAny bloviator worth their salt has to make a bunch of ridiculous predictions that don't count for much, so let's review how I did. My calls are below and my year end comments follow in Bold:
Gold/Precious metals: still upside
This was a no brainer, and my best long trade this year was in silver, my longest hold of the year, see the trade review here. Even if you blew it and held a GLD position RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-45852805643437298752011-12-22T20:41:00.000-08:002011-12-22T20:41:36.247-08:00Surprise, there is a bull market going on....Shame on me for not keeping a weather eye on my sectors lists, though an alert I set a while back did clue me in, but there is a nice bull market breakout going on right now in the XLU. Sure, utilities are your grandfathers stocks, but in this market, unless you are a savvy daytrader, trend following long setups have been in short supply. Check out the XLU:
Hey, maybe not the cleanest and most RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-22788959804890727602011-12-13T12:52:00.000-08:002011-12-13T12:52:45.446-08:00...and more patienceMarket is just flopping around like a fish. I am keeping it light and infrequent waiting for some conviction either way. I am not trading it well, but from the comments from the twitterstream to the Economist, very few are trading this well, so I am just not trading (much). I will post more when something is happening...RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-1793004462481317682011-11-23T21:17:00.000-08:002011-11-23T21:17:20.808-08:00PatienceI think the best and most seasoned traders have been on vacation for the past couple months or more. When you read Market Wizards, and they ask these successful traders why they don't manage other peoples money, I recall the answer being that they did try it but their clients could not handle being in cash for extended periods of time. The clients would see the small picture (Headline: Market up RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-59266898226488120752011-11-01T20:48:00.000-07:002011-11-01T20:48:11.567-07:00Best and worst trades from November 1, 2011My trading has been flat and uninspiring the last week. I have chopped about, and for every good trade there has been a bad one. Today is a perfect example. I caught a quick scalp in VRUS, only to go bottom fishing in MSFT (I know, I know, It is a POS but I am obsessed [warning] with this very long term setup on it and was going for an aggressive entry today).
Best trade:
Worst trade:
RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com4tag:blogger.com,1999:blog-1119843773145242676.post-10856623204442519862011-10-12T13:37:00.000-07:002011-10-12T13:41:42.111-07:00Back in the saddleNice start to earnings season. Here are all the trades I placed today, which are all green and that is very rare for me:
(Notes: The AKS was a swing trade sell, you can see the buy dates on the trades. I bought some more OVTI today and when I sold it the program used my first buy as my entry. My daytrade was a +.20 and not the +.67 it is showing, my cost basis for what I am still holding is RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0tag:blogger.com,1999:blog-1119843773145242676.post-58913359611068506552011-10-11T14:24:00.000-07:002011-10-11T14:34:54.006-07:00Better actionSome babble off the top of my head about what is going on now: Game on! Market is trading a bit more predictably and solidly, so trading long for the short and intermediate term looking good. Now is the time to start building. Hard to say whether the market will just keep running away or will provide some pullbacks. Pullbacks should bounce, not lay around. The lows should not be breached. RickHhttp://www.blogger.com/profile/03288341089132959320noreply@blogger.com0