It seems like each stock has a life of its own. Each chart I look at has its own combination of patterns, like a fingerprint. Cups seem to have the most dramatic reversal, but there are also those stocks that just fall off the face of the earth after a false rally. What is the difference between company a and company b?
Q) What tends to precede bi jumps in cups/head and shoulders/triple crowns?
No high climbers today, only 50% and lower. Could it be the holidays? Might check last years July 4th to see what stocks reverse trended.
If my hypothesis is right most of the boats are on the docks during this week, but will set sail on monday. That would explain the volume on the big names last monday?
I think INO is done with its leap. So now to see where the new support is and get in on the best price. Holiday weeks are the WORST for trading...Where are all the boats going monday...where there are ripples there will the boats be also! What does a ripple look like? and how do i find a ripple in an expansive sea! hmmmm and what is at the center of the ripple.....
time to start my Pythagoras study...
Last edited by bedajii; July 2nd, 2013 at 08:31 PM.
didnt put two and two together yesterday...go figure, i saw the volume on nokia (of all things) way above normal, and not only that but doing not to bad percentage wise. I looked for news on the subject (something like that had to be news driven) and all I could find was a report on how they rolling out a $20 phone that they can produce for approx $14.70. The thought I had was...soooo....... What i missed in that report and failed to investigate was that they would be able to sell them to developing countries who do not have a very sophisticated wireless grid as of now...today I read that Nokia signed a deal with a Saudi Arabian wireless company somthing about investing in wireless infrastructure.
So thats where the attention was at today, in the middle east, and also where all the big boats went to fish for the day.
Something tells me i need to watch cnn live. If million dollar deals are going on between an American company and a foreign company, and there is major conflict or change occurring, it could be a signal as to where the big boats are going to trade...even if its only because that's where their attention is at.
NOTE TO SELF LIST and investigate HIGH VOLUME STOCKS THAT SEEM TO BE TRADING OUT OF THE ORDINARY, may find a ripple that explains there the party is going
Last edited by bedajii; July 2nd, 2013 at 08:39 PM.
Hi Bedajii, welcome to trading. Are you more of a fundamentals or TA trader? It seems like you are trying to be a investor type of trader? You may want to consider options also since it seems you plan on using very small starting capital. good free education on options at https://www.tastytrade.com/tt/shows/LJ
Looking forward to your journal as you learn.
I got in allot of flack for learning about proper trading. (aside from the fact that learning about trading has become a rather unhealthy obsession) It seems that all most people understand about investing in the market is the risk. (I wonder if the bad rep is responsible for attracting so many gamblers to the market). Of course there is no way to win EVERY time, but if you apply very stringent rules to your trading, refrain from trading emotionally, and trade solely based on exit and entry strategies in a very disciplined manner, you increase the profit portion of the risk/profit ratio. You have to make the numbers work for you. I am learning that being able to do that effectively takes huge (to me) sums of money....the delima.....
So because this seems to be a very consistent interest for me (despite frequent attempts to stifle this enthusiasm), Im going to use the knowledge Im gaining (cant stop learning) to become a money manager.... So, Im still developing a strategy. Im going to start learning about forex now........
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