Neither CBPO nor ZAGG triggered on Friday but I still like them for long swings. EXAM which I suggested as a buy on Twitter on Friday triggered but closed weak. However, it is still a hold until it violates $22.00. I like CCME and ISS as longs for Monday.
TGA bounced a bit but MOTR continued to fall on Friday. I would not have been in either of the two as I had said in my last update that I thought the markets would bounce.
IMRS which I recommended to hold ended Friday's session up over 9%! This is still a hold.
GGAL would still be long a half position with a $16.00 stop.
PAM continues to act well and I would still be long a half position.
If you have been following my tweets and blog you would surely have been profitable. This is how you make consistent profits. Small quick losses, small gains and occasionally some big winners like PAM and GGAL have the potential to be. GSL ended moving up over 3% after I recommended taking a quick small profit into weakness. However this happens. GSL could easily have pushed down 3% and stopping out for a loss. This is what trading is about following your rules religiously as we do not know what the future will bring.
Hope this is useful. Good luck and good trading!
Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Subscribe to:
Post Comments (Atom)
MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
- 
My experimental short position in GT has been closed out by my stop loss order for a loss of about $115.00 including commissions. However, I...
 - 
I am of the belief that the markets will move higher over the course of the next 4-6 weeks. However, beyond that I am not very confident in ...
 - 
These three stocks are currently breaking down from stage three topping patterns. All three recently announced earnings disappointments a...
 
No comments:
Post a Comment