Candidates for 10/10/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071009 WPI 31.5 29.4704 1064603.19 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 10/09/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071008 ACV 24.41 23.59955 759939.42 1
20071008 BA 101.07 94.905314 5218001.54 1
20071008 BRL 55.52 51.959 912480.4 1
20071008 CVC 33.94 32.91065 1306725.39 1
20071008 DSCO 2.85 2.640205 823490.17 1
20071008 EP 16.94 15.83945 6693259.55 1
20071008 OSG 72.34 69.9914 751026.07 1, 2
20071008 SEO 17.62 17.58775 338205 1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 10/08/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071005 HYGS 1.24 1.1578705 278154.12 1, 2, 3, 4
20071005 IFX 15.82 15.60555 2677494.28 1
20071005 SEO 17.72 17.58065 339602 1
20071005 SNDK 52.1001 46.589092 9500782.19 1
20071005 SPR 36.67 33.7327495 1074620.89 1, 2, 3, 4
20071005 TMTA 5.11 1.057029 2702902.99 1, 2

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 10/05/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071004 COP 83.94 74.416575 12347405.68 1, 2
20071004 DGX 56.5 52.2732 1555193.92 1
20071004 GNTA 1.14 0.5152495 1125017.36 1
20071004 RYN 46.25 43.81025 568979.47 1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 10/04/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071003 COO 52.12 50.43585 613580.89 1
20071003 CYT 64.84 60.872325 411152 1, 2, 3, 4
20071003 DGX 56.79 52.252 1555071.92 1
20071003 GNTA 1.21 0.5122495 1132855.52 1, 2
20071003 NSH 28.71 -1 255308.2 1, 2, 3, 4
20071003 ONNN 12.4 10.3853395 6026622.26 1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Candidates for 10/03/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071002 NSH 29.82 -1 256459.2 1
20071002 ONNN 12.47 10.3616895 6028748.82 1

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!

Probably one of my worst trades or NO, this was NOT a short play

You cannot always just gloat about the good trades and setups and leave out the absolutely horrifying embarrassing mistakes out or that would not be fair. This is by far one of my worst trades EVER. It was a good setup which I screwed up.

Do not get wrong, some trades are bad because the money just was not there, there was nothing to get. Some are bad because an external event or news changes the direction of the trend for an instrument or an entire market. This was a good setup and the money was there but I screwed it up.

Here is the plan. Mid-September, I notice AKS is setting up for a pullback play. The price pulled back to prior 38.00 support and is not climbing back up towards the 41.90 resistance level. I do not want to be in before 41.90, I want to be in after, for the breakout. So I watch the price action for a while and on 9/19, it breaks right through so I hop in. That day, I am very busy on other things, my intraday quotes are not working and I am just NOT paying attention. I quickly get in at 43.86. Looking at the bar for that day, we quickly notice what a stupid entry level that was. Of course, because I am in so high, my risk management rules force me to set a stop right around 41.69, otherwise my exposure it too great. On September 25th, the price falls right through my stop and I sell, with a whopping -2.27 per share loss. To complete the insult, the following day the price bounces right back and the uptrend resumes.

Had I gotten in at a more reasonable level for the day, say around 42.10, my stop level would have been much lower (around 40.25) allowing the little 2 day shake out and keeping in to capture the uptrend action. Even trailing my stop, I would probably still be in right now and I would have 2.50/share gain to show for instead of this nightmare inducing loss.


Live and learn as they say. Happy trading!

Candidates for 10/02/2007

Here is the list of my candidates for today. I will not trade all of those but will start watching them for short-term reversals.

Date Sym L/S Close MA(200) Vol MA(100) Reason
20071001 BQI 4.29 3.8588 2985082.92 1
20071001 DRL 20.48 4.55715 1318073.14 1
20071001 IMCL 40.88 35.239075 1680340.14 1
20071001 IOC 30.56 29.0969495 1194262.79 1
20071001 ISLN 7.58 -1 481619.42 1
20071001 NSH 30.33 -1 258373.2 1, 2, 3, 4

1. 5 Consecutive down days.
2. Volume is 30% over the 10-day moving average.
3. Volume is 70% over the 30-day moving average.
4. Volume is 50% over the 50-day moving average.

Happy Trading!