Down markets

Down markets today, my profits disappear quickly in the afternoon. I was happy with the profits in the morning hours and became careless with the markets. Not reacting soon enough! By the close hour, the markets went straight down and I closed all the long positions and bought the UXG and shorted the BHE.

I didn't let the profits run this time. I let URZ run but it didn't behave the way I want it to and I don't want to let the winners become losers. I don't want to repeat the mistakes I made with EFUT and LJPC.

BHE was my first short position. I don't remember when was the last time I shorted a stock. I hope it will do well in the down markets! I might short a new stock tomorrow as the market correction begins.

I was in sleeping mode, all of a sudden the markets went down sharply ! Better lack in the profits early next time.


PPCO
B: @11.98
S: @11.98
+0%
- 1 reward point

CTIB
B: @5.56
S: @5.86
+5.4%
+1 reward point


URZ
B:@6.87
S:@6.91
+0.5%

Short:

BHE
S: @21.23

Why short this stock:
- I was in a hurry as the market went down
- long term downtrend

UXG
B:@6.03

Why buy this stock:
- I saw some up volume spike
- It's been correcting quite a bit
- it made me money

Reward points:
3

Much more positive day!

My stocks are all up today! I feel much better now after almost 2 weeks of flat performance. EFUT did poorly today, it's breaking to the down side. Glad I sold it !

URZ
- I guess it's trying to breakout
- If it doesn't go up more, then I would find a new replacement

PPCO
- almost sell it this morning
- got an upgrade
- I want it to reach 14 next week

CTIB
- acting like I want it to act
- very good right now

Took some action !

EFUT
B: 21.33
S: 19.7
-7.6%
-2 reward points

LJPC
B: 7.26
S: 6.67
-8.1%
-2 reward points


CTIB
B:5.56
Why buy it:
- interesting chart
- take a chance

Expectations:
- new spike
- 10-20% gain

PPCO
B:11.98
Why buy it:
- cup and handle?
- bottoming out

Expections:
- $14 or above

Reward points standing:
3

I'm tired !

LJPC: down today, no follow up !
EFUT: getting shoot down again
URZ: positive today

Not making any progress in the last few days ! Can't complain much!

Not a bad day !

Not a bad day but it could do better ! Not so much on the upside or downside. I used to have big down days. Hey holding on different stocks really reduced the risk! I like it !




LJPC :

- Up on higher volume with no news, don't know what's going on!
- should have more action going tomorrow !




URZ :
- Now it's in the red from where I bought it, play defense again !
- It should be just short term pull back !





EFUT :

- It's unpredictable !
- High risk !
- STO positive!

Flat today

Didn't have any profits today. I have problem picking good stocks right now!

URZ was up in the morning but ended in the red, I was disappointed !
LJPC continued to go lower, no news!
EFUT showed some sign of buying but low volume !

I am feeling stressed ! I will continue to fight !!

There are only 6 trading days left, so I need to step up on my performance. Since, EFUT and LJPC did nothing and hurt my score, my account dipped back below 3000. I picked up URZ in hope it will continue the uptrend and boost my account in order to reach my goal.

But one stock can't do all the work. If EFUT and LJPC don't rocket within the next few days, I will drop them and find better candidates for my portfolio. I already gave them a lot of time and room to do their thing. I shouldn't hold them for too long and miss other opportunities.

The markets are in record territories but I don't know they will topped soon or continue upward. I can buy QID to protect myself.

I am looking forward to a better week !

My stock reward program !

I want to make trading more fun and more motivating to make winning trades. So I copy the MY Coke Rewards concept. The idea is basically the same. Whenever I make good trades, I can earn the points and then get the rewards I want.

It's a great way to help to reduce the stress.The more good trades I make the more rewards I would have. I will have 5 bonus points to begin with.

NowI can start to get myself something really want and to have fun at the same time.


1 point = $5

Only winning trades will get points !


2-5% 1 point

6-10% 2 points

11-20% 3 points

21-40% 5 points

41% -100% 10 points


Losing trade will deduct reward points

- 0-5% -1 point

- 6-10% -2 points

- 11%- 20% - 5 points

- 21% or above -10 points

Sold CSIQ and bought URZ

I sold CBLI for a small 6% profit, not too bad but it could do much better! I waited too long to do something! I was in a hoping mode. I still don't want to cut the losses yet !

CBLI
B:@9.6
s: @10.2
+ 6%
+ 2 reward points

Sell it because it's selling off after the gap up !
Couldn't hold it anymore!
It was painful to watch it slide!

EFUT
- doing nothing on the week
- narrow trading range today


LJPC
- stochastic is in oversold level


URZ
B:@6.87

Why buy it :

- near new high
- bounce off 13ma
- great uptrend

Expectations:
- new high
- continue the uptrend

Down today again!

Overall down markets today but not too much on the downside. I guess they're in correction mode after the recent run up.

My last two purchase were not as I expected to perform. After the gains from the CSIQ and UXG, I was too quick to buy them. I have high expectations. Now, they are approaching the stop loss territory, both down over 5% from where I bought them.

Looking forward to a better trading day tommorrow!

CBLI

- looks very strong on low volume
- it just doesn't want to go down

In Danger !

EFUT

- not much going on the upside
- bull got shot every time it tries to run


LJPC

- nothing to say


Remarks:

I see some mistakes I am making

- falling in love
- not diversify enough
- hoping them to go up
- not cutting loss fast

No action today !

My stocks are doing fine today, no big sell offs, just consolidating. They are holding on nicely.
Just give them some time to develop, you can't rush on that!

But should I continue to hold them and for how long ? Tomorrow will have a better picture !


CBLI
- up on low volume
- losing some steam

LJPC
- dipped in the morning rebounded in the afternoon
- don't know what will happen

EFUT

- still hoding on
- not ready to rock just yet !

Down today !

I didn't do well today! Didn't make any trades, just watching the screen as the hours gone by with some disappointments. All my holdings went down. But I would expect a better day tomorrow, EFUT is looking very good in my opinion. CBLI is still holding on some gains and LJPC is unpredictable but with I am betting on it'll get the FDA approval. So, I may hold on to LJPC with a lost for little longer time. Lastly, I just realize I have 2 biotech stocks. I should do something about it. I will think it over !


EFUT:

- higher volume over the past 5 days
- still need more volume
- some news needed
- hold on for a little longer

CBLI:

- Down over 5%
- not very positive
- don't want to turn this winner to loser
- watch it closely
- support at $10 level
- let the profit run

LJPC:

- decreasing volume
- testing the $7 level
- waiting for the FDA's OK
- high risk/high reward


Remarks:

- Bull is very exhausted
- Should start shorting stocks or reduce positions
- Shorts are gonna to attack
- Now I realize I have 2 biotech stocks!I should get rid one of them.

Solar rocks !

I should hold on to the CSIQ a little bit longer, it just keeps going up ! Well, what can I say ! I pay for the price for leaving her. Just move on ! I shouldn't get upset. It's part of the game !




EFUT was not ready today, but did hold on to the support level. It tried to rally but with no volume to support. I do have high hope for this one, I don't know why but I expect her to go up 50% in the coming days or weeks. Let's see what will happen!




CBLI seems very tired. There should be some resistance at the $12 and $14 level. I am not too worry here, since it's been up about 10% after I bought it. So,let the profit run !




LJPC is getting very close to rocket again ! Tomorrow or in few days !

I should feel happy because I made some $$ toady and I took profits not lost ! I think I can do well in the short term. I could achieve the goal very soon if I continue to pick good stocks like the UXG and the CSIQ. And the markets are in great shape. That's it for today !

Bought EFUT and LJPC

Profit taking today, sold uxg and csiq. Some nice gains from these two stocks, both were up over 10% in less than a week! I am still holding CBLI, slow gainer but steady !

UXG
B:5.6956
s:6.97
+22%
Lost some steam !

CSIQ
B:10.0743
S:11.906
+18%
Solar stocks are hot! But it's the best time to sell !

EFUT
B: @21.33
This could be huge but very risky!

LJPC
B: @7.26
So far so good !

5 stocks for next week

I am looking forward to the new week. The markets are in a good mood and keep going up ! I'm look at the following stocks for the next week. They are all in different industries. Diversify and reduce risk is very important.They should give high percentage gains, but nothing is for sure ! I am very aggressive right now ! If I make mistakes then I will take it easy and go slower a bit. Don't over stretch myself!

Let's see how these turn out.

" Biotech,mining,internet,diversified electronics and semiconductors"


MAMA: base forming, takeoff anytime



GMO: short term Momentum




LIPC: momentum play,high risk,fast moving




LTXX: support at 50ma, nice consolidation, breakout anytime




CHP: short term breakout,5 day high,

New Goal !

I only need to make about $60 to reach my goal, so I need to reset the goal I set earlier, from $3000 to $4000 by May-2007. I will still need to improve my game !

Goal:

Short term:
From $2940 to $4000 +++ 36% gain by 05-2007

Position size: $2000

Expectancy :
Average winning % per trade

$2000 x 5% = $100 x 10 = $1000
$2000 x 10% = $200 x 5 = $1000
$2000 x 15% = $300 x 3.33 = $1000

11 trading days left in April:

$1000 / 11 = $ 96/day

I'm on fire !

All my stocks went up today ! It's so nice to see a day like this and the account is very close to my goal. But I still need to sell them in order to realize the gains. I didn't sell any of the shares today because I wanted to let the profit run and it did.





UXG : Up over 10% since I bought, I would take some profits next week!
CSIQ : 20-day high, still very strong
CBLI : 20-day high, steady climb, watch it closely.

Remarks:
- what a difference over the last week!
- I wouldn't add any additional position at this point
- keep it going !
- don't get too excited !
- watch out for the shorts !

CSIQ up today

No trades today. Still holding the following stocks. My account is up just a liitle today.

UXG down today, it's consolidating for the next run up.

CBLI down just one cent! Not to worry at this point. If it doesn't go up soon, I will sell it quick !

CSIQ is showing more strength on the upside. Let it run !

Bought CSIQ,CBLI,UXG

Glad the load has been lifted ! I took the action and be more aggressive buying 3 stocks. The stocks all went up on the down day. I want to reach the goal of having $3000 in the account by next month. Now it's more likely to happen with the increased buying power. With 13 trading days left, I will have to make about $52 a day to get to that mark.

I bought the following stocks without much research, but I got the feeling I needed to do something. I shouldn't be afraid of buying stocks or selling stocks at a lost!

Bought:




CSIQ @ 10.0743
CBLI @ 9.6
UXG @5.6956

Spread the risk on different industries. Biotech,energy and gold !
They show short strength !

remarks:

- I was under pressure
- don't fall in love
- cut loses fast
- didn't feel right
- stay away from negative people
- get a quite place to trade
- get a comfortable chair

Sold NEXA and JBLU

1st losing trade

Closed the JBLU, couldn't take anymore!

B:11.88
S:11.54

-.34
-2.9%

NEXA
s: .0011

Now I got the buying POWER I want !!! Now I can do some shopping !!

NEXA up on news

Guess I made a bad call on JBLU. It's doing almost nothing over the past few days. It's on the final stage or it will go lower ? Let's see how it turns out. Since I didn't put too much bet on this and it didn't go down more than 5%. I'll leave it alone. Patient is the key.

Today analysts lowered the price target on JetBlue and the crude oil price went up. Don't know if they want to get the shares cheap. Looks like it because the share price didn't go down much and the volume is light. And USB just upgraded JetBlue recently.

NEXA got good news today and price went up. I am glad I didn't sell it at the low. It's up 100% from the low. Timing is very important !!! Anyway, I want to avoid the penny stocks from now until I got more funds.

I will need to be more aggressive to boost my performance ! I see many stocks on my watch list go up over 10%, 20% in just few days. But I will do it after I sell the NEXA. I will have the margin buying power to buy more shares. I don't have to rush on this right now. All I need to do is to find more good stocks, improve my skills and the money will come.

DNDN on fire !

Some excitement over at the DNDN, up to the sky !!! I don't know if I should buy it at this level. I am more careful right now. I don't want big ups and big downs. Congrats for whose who bought it !

Over here JBLU is holding on nicely after the first hour shake out and up near the high of the day. No worry here, just let it do the thing. NEXA seems like it's going higher. There should be some news coming out soon.

Weekly review

Glad the trading week is over, markets not open tomorrow. Nexa is finding support at the $.0006 level. Don't want to look at the chart. JBLU is doing better than yesterday up just .05, not much but it's better than down ! I can't complain ! I need more buying power to buy more stocks, but the nexa is holding me back ! I don't think I want to put more funds into my account until I find myself perform better. I still need to refine my trading plan.

I am going to find some stocks that are showing some signs strength and are likely to go up in price. I will continue to improve my stock picking and trading skills by learning new things and study my past trades.

I don't know if I can reach my short term goal if I do't havie more buying power. But I will stick to the goal. 3 weeks to go, I need to make $333 a week on average in order to reach the goal.

I need to get rested and be ready for the next week !



Gain/Lose

JBLU :
B @11.88 4/3/2007
right now @11.75
- 1.1 %

NEXA
down too much !

No trade, just watching !

JBLU didn't do well today, down $.16. Close near the low of the day, the trading volume was increasing toward the 4 PM close on the sell side. Tomorrow we should get a clearer picture of the direction it's going. But right now it's on the down size, shaking out the weak hands.

What I think:
It's in the indecision area, finding support and then go higher or the opposite way. Worse case would be testing the last year's low at $9.15. But I don't think it will happen!


@ 12.474 = 5% gain
@ 13.068 =10% gain
@ 11.286 = -5% lose

positive:

- new higher high than yesterday
- higher low also
- maybe it's a bear trap ( over 23% of shares short )
- down on lower volume
- possible gap up again tomorrow
- I think yesterday was the first day of breakout to the up side
- I still think it's in an early uptrend
- you want to get in before it moves higher
- it shouldn't have big resistance until it reaches the $13 level
- longer term: I think the 13 ema and 50 ema are gonna cross. That would be very positive!


negative:

- not very positive
- some profit taking or some short selling
- can't break the $12 level
- couldn't hold the 13 ema
- can't wait too long


Company Data

Company Name: Jetblue Awys Corp

Dow Jones Industry: Airlines

Shares Outstanding: 178,177,000

Market Cap: 2.1 Billion

Short Interest: 42,741,312 (23.99%)

52-Week EPS: n/a

52-Week High: 17.02 on Tuesday, January 16, 2007

52-Week Low: 8.93 on Friday, April 21, 2006

P/E Ratio: n/a

Yield: n/a

Average Price: 12.65 (50-day) 12.20 (200-day)

Average Volume: 7,282,500 (50-day) 5,418,200 (200-day)

JBLU

1st trade!

I just bought JBLU @11.88

Why buy this stock:
- gap up
- above 13 ema
- stochastic looks better
- MACD is turning positive
- bottom fishing

Target:

- near the 50 ema
- 1 st target- $12.5 just about the same level of the down day with the high volunm
- 2 nd target- $14

Stop lost:
- I don't put any stop lost right now

Let's see how it turns out !

Case study

The following stocks are in my watch list only. I didn't buy them !


Top 2 gainers on my watch list:

1. RNIN + 16%
Added: 3/26/2007



2. MED +15%
Added: 3/26/2007




Bottom 2 stocks on my watch list:

1. LDSH -7%
Added: 3/28/2007


2. SIGA - 7%
Added: 3/26/2007



Note:

Past trades

Now, I look back the trade I made in the past. Let's look at the trades from this year. You will have a overall picture of my performance.

1-1-2007 to 4-1-2007

WINNING TRADES: 5

RNIN +326
PACT +46
TOMO +116
IMOT.OB +190
ACGI +22
AVERAGE GAIN: +116.6


LOSING TRADES: 6

FFHL -47
CYD -45
PNTR -30
HIHO -370
MGEN.OB -20
IAUS.OB -182
NEXA.OB STILL HOLDING
AVERAGE LOST: -115.6

It's almost even, but NEXA.ob is in deep water. I don't know if I still hold it or just take a big lose. I should manage the losing trades better, reduce the amount to less than $100 on a single trade. From above you can see I could lose as little as $20 to $370. That is a very big range. I will go dig a little bit deeper as I look at the position size, stock price, technicals. I only make a winning trade on OTC stock, the others are all losers. That tells me I should stop trading or at least not focus on trading penny stocks.


Note:

- Don't trade OTC stock as often.
- Reduce the losing trades and control the amount lost.

My trading strategies

I want to develop a better plan for trading stocks. The following are just very basic rules.I will modify them over time.


Finding stocks that are ready to move in the right direction.

- Short term swing trades
- trading momentum stocks



Things I want to do:

1- I want to buy stocks base on my own research.
2- I want to stop losing too much capital on a single stock.
3- I want to buy stocks that are over $10 a share.
4- I want to start shorting stocks.
5- I want to admit if I made a bad call.
6- I want to become more systematic not just do things randomly.
7- I want to learn from other successful traders.


Things I want to stop doing:

1- I don't want to trade Penny Stocks.
2- I don't want to hold the losing trades for too long.
3- I don't want to buy stock just because someone recommends it.
4- I don't want to go to the message boards.

New Start !

I want to make money consistently trading stocks, but so far it's the opposite. So, I start this blog to monitor my activities that cause the bad results. When I identify the mistakes and correct them, I will then begin to be more profitable .

I am trading with real money. So, the better trader I become the more money I will make !! I can't wait to see if this blog will help me to become a great trader over time.

Right now, I am using TD-Ameritrade with just about $2,000. Not counting the funds that I have lost !

Goal:

Short term:
From $2000 to $3000 50% gain by 05-2007



Position size: $2000

Expectancy :
Average winning % per trade

$2000 x 5% = $100 x 10 = $1000
$2000 x 10% = $200 x 5 = $1000
$2000 x 15% = $300 x 3.33 = $1000