don’t have much time, what’s new.
$INTC - entry at $23, target is at $24 estimated 4% gain if works out.
$GRPN - entry at 6.30, target is at $6.56
$CZR - watching, watched it soar 30% yesterday, didn’t pull trigger.
$ZNGA - boring, but have investors money in it, so much watch.
probably too late, i’ve been busy with other things, but here are my recent trades.
got really really lucky on $S - wanted to trade it for its technical and build position, instead i got an merger & acquisition offfer and the stock soared like 18% in one day. best morning of 2013 so far, pretty much made a car there.
$wmt - treading to make even higher ATHs. been talking about this one for months.
$grpn - look past 1 week, check the big drop and recovery. a signal for strength
stop loss for those losses
woke up, sliced through my stop loss. “luckily” managed to stop the bleed. i never cost-average down, don’t like building a possible melt-down of my account. dangerous game - $GRPN -> rejected from WK 200dma.
$S - waiting for next flag breakout to $6.45
coupon for my groupon
GRPN breaking out from 200dma. should be easy pickings from $6.
$BAC & $MODN
loving this long of $BAC. acting really strong, but might consider taking most of here and recheck on this after it pulls back heavy, or breaks $13.
$MODN - IPO today, “easy” trading trend atm.
Could you do a tutorial on how to start stock trading? Like how to get into it, specially if you're not a US citizen. I'm sure me and another 20k people would be thrilled for this. inb4 there are tons of tutorials online
My best advice for someone who is completely new to ETFs is to create a virtual paper account and start dabbling in there. Treat it as if its your own real money, I know its hard. But if you cannot generate profits in a paper account where there are no fees, how do you expect to generate profits later on?
As for getting into the stock market and how you should be navigating through it, it all depends on what kind of time frame and risk capital you have. A person with $5K is quite limited in what they should be doing. At fastest, their trades should be 3+ days of holding to weeks at a time. Usually this person would be “trading” on chart patterns and what not, called technical analysis. Perhaps a person is more of a mathematical guy, a finance type. He should be investing through a method known as fundamentals. Balance sheets, earning reports, etc. This method would be a lot longer time frame, it would be a position set-up, buying stocks that are either way over or under valued, and awaits the correction.
Basically you have to ask yourself how much risk capital you have, and what time frame are you on. When you know these two things, that should determine your methodology of navigating the markets. If you have already dabbled in the markets, then just strive to stay afloat and break even in the markets. When you first start out, break even is a win.
As for me, I trade on more of a technical analysis side. With margins, I day trade that pretty hard on any decent action that the markets may provide. I manage a few other accounts which are cash accounts, I “invest” those through research of earning reports, fundamentals mixed in with chart patterns. Stock trading is not a science, its an art. Everyone has their own “system” if you would call it.
Response $IDX & $EPHE
$IDX - a very nice clean breakout from the $29 and gave two chances of entry with 2 flags. if your target is at $34.99 then you have a very nice entry right here, if it flags and consolidates for a few more days. however a light resistance is $32.22. looks nice. give it some time and it will prob re-test the highs. if you are short-term, abandon ship if it sinks below 31. it will prob test $30.48 at the least.
$EPHE - nice chart. very slow but sure grind. however this is getting way over extended. in the past the stock would hug the 50dma or at least be near it, and cross it every few weeks. it has not done so for months. too extended imo. likely to retrace to the 50dma @ $37.46. take profits while you can. doesn’t mean this stock is not going higher though.
Questions? Ideas? Let's bounce them!
you only can improve if you share and understand new ideas from one trader to another. got ideas, questions, picks? let's improve our game!