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The Rookie and her journal


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The Rookie and her journal

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  #1 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

Sooo, This is me starting a journal. I dont own any real stock just yet. BBUUUTTT Im paper trading (I think thats the term for it) on market watch's site. I can design a game that specifies starting capital, margin, commission. I have two games going, both started with only $100 dollars. Im not big on penny stocks, but I do like stocks that are two dollars and under as I have noticed they have much more room for movement. The first game had option hous's commission of $3.93 and I started with PLM, HCL, ALU and some others. I ended with HL, INO, and OCZ. OCZ. I have made 17 trades in three days (Im two over my legal limit), and I owe more in commissions then I have made so far. that seems to be the biggest hurdle. So Im going to have to find some really volatile stock with high volume and stare at the ticker and candlesticks (and pray of course)....First though Im going to wait it out to see if the stocks I chose can get me out of this hole I made for myself....OCZ seems to be doing terrible, even though it had such good reviews. Might be good for strictly same day buy sell, but it seems a little to volatile to keep overnight. I have interest in PLM but im not sure now is the time to buy into the stock if I want to see some immediate returns. So thats where Im as so far. Now Im off to look at some analysis tutorials...(thanks investopedia)

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  #3 (permalink)
 moorookaman 
Brisbane Queensland Australia
 
Experience: Intermediate
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bedajii View Post
So Im going to have to find some really volatile stock with high volume and stare at the ticker and candlesticks (and pray of course)....First though Im going to wait it out to see if the stocks I chose can get me out of this hole I made for myself....

As a brand new journal creator myself I wish you all the best but reading your post I'm not so sure that you're trading rather than just gambling? Do you have a definable strategy? As traders we all want volatility but high volatility/erratic movements will kill your account very quickly.

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  #4 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received


moorookaman View Post
As a brand new journal creator myself I wish you all the best but reading your post I'm not so sure that you're trading rather than just gambling? Do you have a definable strategy? As traders we all want volatility but high volatility/erratic movements will kill your account very quickly.


Thanks for your response, its good to meet you.
I would say that your right, however Im big on cause and effect, and if I can allow myself to intuit this, using refined skill and strategy, and not allow emotion to get in the way, it will be a reliable source of income. The hard part will be understanding all of the factors and allowing myself to intuit the outcomes.

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  #5 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

I cant help but think of what I am doing as monopoly. When I was younger my family or friends would play these hours long games of monopoly with me. It would always come to me having only a few dollars left, but then slowly I would build and work my way up to the winners position. I put myself in great debt attaining the right kind of assets, all over the place, in a seemingly sporadic way, until it paid off and I had enough leverage to own the game. I always won.

Im not saying the markets and monopoly are in any way the same...I am saying that there may be somthing to learn from this.

found another little something to work towards.. IDT Overview | Intuitive Development for Traders from topstep traders. Allot of competition, but you never know, I might just get good at this..scratch that, I will get good at this!


Now to stare at charts.......

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  #6 (permalink)
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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Posts: 6,462 since May 2011

Trading and gambling are the same thing at first. You will gain little edges with experience, which should lead to being drawn in various directions as an explorer, all the time accumulating an understanding. The goal is to wind up in a position where you can argue why they are completely different from each other.

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  #7 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

Learning how to get everything I need into one convenient place is...frustrating. OCZ seems to be trying to rally iteslf out of the mud, however HL might be hitting a tripple crown for the day, which would either mean its going to go up or down for the rest of the day... looking at its 3 year cycles, the company has been steady loosing money. Seems like a daytraders dream. But doest have long term solid gains or short term major gains that would so far make me happy about this stock. INO seems to be a tried and true, but looking at the long term, it seems that it will be hitting its high point soon. PLM might have started rallying, however, they seem to be poised for stability, Might be a great long term stock if the mining license goes through...Need to keep an eye on that news, first dibs gets in on bottom floor. Its all about the permitting now...

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  #8 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

I am wondering....it seems that INO stock is going up for no reason other than it sold some stock. The financials are terrible. If I didnt know any better I would think a pump and dump thing was going on here. Im going to investigate some more.

Their stock has risen in value over a long period of time, without much in the financials to show for it. Seems very odd. owners trying to recoup losses through stock market maybe??

So, according to their web site they are in clinical trial phases on humans even, and they have some sort of stability generated.

Willing to purchase

Definite Maybe

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  #9 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

PLM has had recent headway in getting the permitting for their minning operations, however im concerned about glencores holdings in the company. It seems however that if polymet can meet req. before they run out of money they will be a good deal. Sooner or later it will happen. They have one of three largest deposites to work with.....

Willing to Purchase
Yes
Long term hold

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  #10 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received


Not many stocks did a nice neat climb today, so it was hard to identify trending companies. did find AMD, JOEz, CPST, and AVL. CPST builds wind turbines, they are an alternative energy company, then AMD does microchip processors. Might want to pairs trade this with ocz. Joez is a jeans company, which I have a hard time wanting to invest in anything that doesnt have solid assets or at least possible solid assets. Then theres AVL which is my favorite pick for the day, because they deal in rare metals and own mines. Not happy about shares outstanding, though. Im going to dig into analysis strategy studies now.

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  #11 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

So many hours staring at charts...

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?

Ok enough with the philosofunnies,


Strategy Development

1. High volume
2.Cup, three crown, head and shoulders.

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...

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  #12 (permalink)
 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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Posts: 6,462 since May 2011


bedajii View Post

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.
...

Look at Egypt

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  #13 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received



the sea is allot bigger than presumed.....allot of boats in egypt today. 148 vs. 6 companies rose vs. fell today. Time to investigate...

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 GaryD 
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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Posts: 6,462 since May 2011


bedajii View Post


the sea is allot bigger than presumed.....allot of boats in egypt today. 148 vs. 6 companies rose vs. fell today. Time to investigate...

Moon Tide in the middle east.

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  #15 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

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

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  #16 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
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bedajii View Post
Thanks for your response, its good to meet you.
I would say that your right, however Im big on cause and effect, and if I can allow myself to intuit this, using refined skill and strategy, and not allow emotion to get in the way, it will be a reliable source of income. The hard part will be understanding all of the factors and allowing myself to intuit the outcomes.

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.

Visit my futures io Trade Journal Reply With Quote
 
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  #17 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

Apiary Fund has an interesting opportunity that Im taking.


So now Im learning about forex.
Baisics

quote/base = n/1

The Numbers
lot=100,000
Mini=10,000
micro=1,000

Pip=0.0001



What makes stocks move

Relative strength
Currencies move based on news (war etc)

overall strength
currencies move based on interest rates

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  #18 (permalink)
bedajii
Santa Fe, NM
 
 
Posts: 15 since Jun 2013
Thanks: 1 given, 3 received

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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