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Tradevestor
$10,000 a month income within 2 years through a healthy mix of trading and investing... this blog follows the journey of an amateur trader / investor.
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Nesteggr
2007-08-05 03:45:50
I have just signed up with a new financial community called NESTEGGR . I have been very impressed with their fresh perspective towards all things financial - not just trading. I would highly recommend that you sign up and give it a go. You won't be disappointed. ...
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Penny Stock or better?
2007-08-05 03:31:46
Every now and again I read some of the penny stock sites and I am always impressed by the vigor and enthusiasm of those traders that swear by the pennies. I have traded some lower priced stocks in my time and I did make some money from them but then I moved away from the whole idea. Why?Well, quite simply I wanted to have good idea which way my stock was going outside of pure technical indicators. Now, I know that not all penny stock investors only use technical but I would say a good chunk of them do. I wanted to have a reasonable chance that my stock would end up rising. Good fundamentals always makes technical analysis a sure(r) bet.For example. If a stock that has been performing well, has great fundamentals, has large institutions buying into it and has had recent good financials suddenly hits one of my over sold filters then i have a good idea that this is a position that "it" (the stock) is not 'comfortable' staying in. In other words it's ready for a bounce. I am talking about ...
Stock
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Wow, nothing like a good holiday to re-envision an...
2007-08-03 06:32:30
Wow, nothing like a good holiday to re-envision and clarify what life is all about. Family, family and family... wonderful!While I have taken my time off the market has been going mental and I have been quite happy that I have not been involved! Cash is a safe place to be when you are swing trader.It was interesting watching my portfolio just before the market took its down - turn as some of my stronger stocks started to loose money in ways that I had not predicted. This in itself was a warning sign to me and enabled me to respond before losing too much money.As I have said before I am still in the process of working on my trading style and rules. As a beginner I spend a lot of time testing, retesting and after that a bit more testing! In between the testing I might squeeze in some reading. There are some fantastic blogs out there that have taught me a lot.I have also had a good look at my master watch list and have changed it considerably. I am now using Investors Business Daily's ' ...
Holiday
Wow
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Market and Bob
2007-07-28 19:21:44
Well, the market has tanked and so I am sitting on the sidelines with cash in my pocket waiting for the market to turn around. Thankfully I went back to cash before it started to turn badly and so my profits weren't eaten up too much.I have to mention an excellent article about averaging down - well worth a read in the light of all that is going on.Bob's Advice I love this blog and have gained much from it. Bob does an excellent job of humbly giving advice and sharing observations... thanks Bob! ...
Market
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Two Words
2007-07-25 01:08:52
Flippin' Heck!The market trashed my portfolio today and it is looking pretty bleak. Never did like the colour red.My only consolation is that the two latest additions were added due to great fundamentals and so I am sure they will bounce back. Famous last words? May be.I am away fro a few days so hopefully by the time I look again there will be more green in portfolio!Later... ...
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Different watchlist
2007-07-23 08:00:27
If I change my picks to only those that show up on the present IBD100 then I am left with...CHE and AFSI.Let's see how they perform compared to the other picks I chose... ...
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Tough week - distribution anyone?
2007-07-23 02:24:35
Overall the week was a touch one for me.JOSB -9.66% DWSN +1.80% CPX -4.48% SF +2.21% SPTN +8.34% VCLK -0.70% JOSB - Very close to selling this one. What can I learn? Well, I should have bought it when it first appeared on my screen and then sold it for a nice 5%. I added it too late.CPX. The chart for CPX is still pretty good. I am still hopeful that it will turn around. It is still a long ways from selling.All the other stocks are fine.ANyone with a slight understanding of the market will look at my portfolio and see that it is not as bad as it looks! I have a nice profit in SPTN (if I can hold onto it!) and the only only issue is JOSB.So Friday was the second distribution day we have had in three days - not good. Here is what IBD's 'Big Picture' says:"The session capped a choppy ...
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Changes to my master watchlist
2007-07-23 02:12:18
I have made the following changes to my master watchlist. They are all because they are no longer listed as A's on IBD 100 and are not showing good technicals anymore:BWLDCPXFCSXOPYTSOTTECAdditions include:GRPISRGNVTPVGSCHNOverall additions and deletions from the IBD 100:Added:AVT CAM FLIR GRP ISRG NVT OYOG PVG SCHN SII SLB SXC WHQ Deleted: CBG CMCO CPA FMCN MTOX NVDA SI SNP TNE TSO TTEC WFR WNR ...
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Trade musings
2007-07-18 20:16:05
I started this blog to be honest and so this section is to share my thoughts about HOW I should trade the stocks I have. The danger in sharing this sort of stuff is that it sounds like you have no idea what you are doing. Well.... there are days! Take FTK for instance!There are three big questons.1. What should my stop loss be? The stocks are very volatile (they go up and down in price a lot) and so it is important to give them room to move. I checked through some of analysis (back tests etc) and I have found that if the draw down is more that 8% within the first 4 four week than often the stock doesn't perform well at the end of those four weeks (Assuming I would leave it that long).BUT often these stocks do experience a drop in price in the first few days (that can be scary to ride out) which then turns into a very nice profit. So when to sell? That is the question.Should I sell at 8% and possibly mis out on a big move?Should I sell at 10% because 10% because anything after that is ...
Trade
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New watchlist
2007-07-18 19:58:36
-0.00% SNHY +2.01% DWSN -0.30% JOSB -4.88% CPX ...
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Portfolio and Watchlist rollercoaster
2007-07-18 19:55:07
Woah - hold on!Lots has happened since my last post two days ago.Overview is as follows:I sold FTK due it continuing to fall. My lesson from this stock was that I shouldn't have bought it half way through the day. My screen didn't show it at the end of the day and so should not have been included. I sold it at a loss of -12.47%I sold OYOG for a profit of +11.02%. This stock was chosen on the basis of good fundamentals and it had also been gaining nicely on my watchlist for a couple of days.I sold VSEA for a profit of +12.59%. Same as above. See my comments on the next blog regarding some potential new rules.My portfolio now looks like this:JOSB -3.53% 07/17/2007 DWSN -0.12% 07/17/2007 CPX -6.24% 07/12/2007 SF +5.50% 07/10/2007 SPTN +7.99% 07/10/2007 VCLK +1.76% 07/10/2007 ...
Portfolio
Rollercoaster
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Backtesting
2007-07-17 06:51:50
Okay, I was so concerned that FTK was messing up my system I went through my back tests again to make sure that I wasn't going mental. Stockfetcher has a system that allows you to back test any screens you have.Basically it applies your screen to whatever dates parameters that you input. For me I put in a test that went from May 1st to now. The results are as follows.Remember that my system has an 8% stop loss and I should hold until fifteen days. What I am deliberating about now is whether to widen my stop loss to take advantage of those trades that ALWAYS seem to swing back into profit by day fifteen.Look at the "Draw Down" column. That tells you what the maximum percentage is that would be lost. Notice also how attractive the 15 day column is. If I left it longer it would be great too.Also notice how robust the screen is. In other words, whether it is a good day or bad day in the market - doesn't matter.I have a feeling I should leave my stock until 15 days regardless - the profi ...
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watchlist changes
2007-07-17 02:38:36
I'm taking CPA, EML and JOSB off my watchlist. They don't have the fundamentals that I am looking for and I will also be removing them from my watchlist in social picks. ...
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Todays Picks
2007-07-16 23:23:08
My screen threw up (!):DWSNHistorically this stock has responded very well when it becomes oversold. Great fundamentals (A- in IBD) and the technicals suggest a bounce..Here goes... Shame I can't buy it yet. We'll see how FTK does tomorrow... ...
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Portfolio Recap
2007-07-16 22:56:47
My Portfolio is as follows after todays trading: CPX -3.00% (dropped from +0.64) FTK -7.33%(dropped from -1.14) SF +4.71%(dropped from +5.88) SPTN +9.09% (Increased from +7.02) VCLK -3.81%(dropped from -1.26 OYOG +9.01% (Increased from +5.02) VSEA +3.93%(Increased from 3.55%) I think that my portfolio has reflected the general market trading day which wasn't very impressive.My general watch list is as follows:(CPA) -0.98% ...
Portfolio
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The Emotions of Trading
2007-07-16 21:14:02
When I started this blog I determined within my self that it would be a "Warts and All" blog. The good, bad and ugly would be shared. I am no Warren Buffet and there will be times when I make crappy decisions..."Please remember that I am an amateur investor, so please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website."The not so fun part of investing is dealing with the emotional roller-coaster. Generally this involves accepting mistakes and taking them as learning experience. I know of no trader who is right 100% of the time. I am certainly NOT right 100% of the time.They say that with good money management, if you are right 50% of the time, you can make money. The Rumpled One from Stockfetcher is well known for saying "It's not what you trade it is how you trade it."This all said, I learnt something today (code for lost money!). FTK was put into my portfolio last week after they had announced ...
Trading
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Bouncing stocks
2007-07-16 06:14:37
Once I got to grips with Stock fetcher I quickly realized that some of the best filters were ones that identified stocks that were either over bought and pulled back somewhat or over sold ready for a bounce.For example look at this chart for RIMM before its big move (click to enlarge)On July 26th / 27th the stock becomes over sold (dips below 0 on the CMF line). This is the short sellers selling their stock? Why? RIMM is about to announce its earning for that quarter AND they announce that they are going to going into China. Two good reasons for the stock to go up. Short sellers lose money when stocks go up so they sell. This leaves the stock being over sold and ready for a jump up.Some stocks have a history of bouncing when they become oversold. Looking at the chart again you'll see that each time the stock dips below the zero on the CMF line, it bounces back up.Stock fetcher enables you to search for these kinds of stocks quickly and easily. Go to stock fetcher and start learning h ...
Stocks
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Family Legacy
2007-07-16 06:13:05
Story continued from earlier posts...I started doing well at stocks when I took a step back and took a breather.I realized that I was too impulsive and didn't follow good rules. I went back to the drawing board and vowed that I wouldn't put money into trading until I had successfully paper traded. As I have mentioned before, paper trading is NOTHING like the real thing because you take emotion out of the equation and emotion is EVERYTHING in trading. But I had to start somewhere.My dream is to be able to earn enough to support my family, invest in large scale real estate and maybe one day start a hedge fund. You have got to have goals. I want to leave a financial legacy that will go from generation to generation. I am a Dad and I have responsibilities, one of them is to leave a legacy for my kids. Notice I didn't say inheritance... it's deeper than that.Armed with the internet, books, magazines and a deep sense that I can succeed I started learning again. It is sad to say that I h ...
Family
Legacy
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Other Rulz!
2007-07-15 23:02:00
The biggest rule in investing is have rules that you stick to. That doesn't mean to say that you can't tweak the rules as you go along but you should have some broad parameters that you work within.Here are mine...1. Invest only in five stocks at a time. I work fulltime and so tracking five stocks at a time is enough.2. Sell at 8%... no exceptions. This is from William O'Neil of Investors Business Daily. The theory is simple. always sell at 8%, never wait for a stock to bounce back because there is a good chance it won't. This is of huge importance to me because the stocks I am buying are already over sold by the time they hit my filter so, if they drop MORE that is a really bad sign.3. Take your profits while you can. If a stock is doing particularly well (it is jumping up each day) I will leave it until trading day fifteen. Some of my stocks have been known to get up to 45% returns within fifteen days. IF it seems to be taking its time then I will sell at 10% or even 5%. A 5% re ...
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Investors Business Daily - IBD top 100
2007-07-14 18:29:00
I have a large watch list of stocks that I use as a basis for all my trades. This watch list has been formed over the last two years and consists of high performing stocks which have the wonderful combination of great fundamentals and great technicals.I use Investors Business Daily to check out the stocks. They have an excellent "stock check up" facility that gives a grade for all stocks based on their fundamental and technical performance. I don't rely only on IBD but it is a great start.This week the following movements occurred in IBD top 100 stocks:Symbols added : AXE CBG CMED DSX FMCN HDB NVDA STP VSEASymbols deleted: AVT BID CAE CAM FLIR SF SII SPAN SYNL ...
Business
Investors
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Recent picks
2007-07-14 01:01:00
As seen in social picks (click right)Remember that I am lo0king for a 5% + move within fifteen days on the BEST stocks (these aren't pennies - no where near). +0.00% CPA +6.26% MTOX +0.58% JOSB ...
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5%, 10% and CPA
2007-07-14 00:40:00
The screen I use finds stocks that have great fundamentals and have been consistently climbing in the last few months but for whatever reason are 'taking a breather'. In other words they have pulled back for some reason. They have become oversold.Now, I am no expert (like you need me to remind you!) but there is always a reason why stocks that have been performing well suddenly experience an unusual amount of sell off (within a day). Enough to make my screen identify it as over sold. In my opinion there are a few reasons why a pull back like this can occur.1. The stock is crap and people are worried. They are closing positions quickly. I don't think that this is the case as these companies have consistently produced excellent financial results for the last three quarters at least. For most of the cases I think we can discount this reason (except SYNL - moved down too quick for me)2. Good news is about to be announced and the short sellers are worried. Perhaps last quarters earnings ...
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My latest portfolio...
2007-07-13 04:31:00
I borrow this statement from a fellow blogger called Robert from Bobs Advice"Please remember that I am an amateur investor, so please remember to consult with your professional investment advisors prior to making any investment decisions based on information on this website." Good advice Bob and I will be putting this on my blog regularly! Please make sure you visit his excellent blog.Okay, here is what my portfolio looks like right now... CPX $25.02 +0.64% 16.4% FTK $32.47 -1.14% 17.7% SF $56.9 +5.80% 7.1% SPTN $31.04 +7.02% 8.7% VCLK $30.19 -1.26% 16.1% OYOG $76.12 +5.02% 17.0% VSEA $39.17 +3.55% 16.9% Total +2.09% 100.0% I added positions of CPX and ...
Portfolio
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Bitten, kicked and thrown...
2007-07-13 04:05:00
In this entry I want to elaborate more on how I have come to do what I do when it comes to investing.I started 2 years ago by accident as I was looking around Chapters bookstore with a luke-warm latte in my hand. I have always been enterprising, I was already heavily invested in real estate and I had a good job (still do). I felt I was in a good position to look for hobby / business that I could learn and maybe make a few bucks as I go along.I stumbled upon "Making Money in Stocks" by William O'Neil. I had owned some stocks through a company that I worked for once but knew next nothing. What little I did know is that it is possible to make lots of money (hence the name of the book!).I bought, read it, read it again and then bought How I Made $2,000,000 In The Stock Market by Nicholas Darvas. That was it, I was hooked. This was an amazing book that inspired me to 'go for it'. I bought every possible book I could find about the stock market, trading, swing trading, investments etc et ...
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Just another trading blog?
2007-07-13 03:53:00
Well, actually, yes.What makes this blog different is that it follows the trading / investing adventures of ... me. That's a first for me and therefore a first for the internet too!I don't admit to being an expert (by no means) but I do believe that I have what people like to call an 'edge' in trading. What does that mean? Not much to be honest unless you know how to actually use that edge to make money. I'm still learning to use the edge that I have been developing for a couple of years now and this blog is going to be a reflection of my journey. Ups and downs - brutal (and often embarrassing honesty!) That's the way I learn tho.I am hoping that it proves beneficial in some way even if it is just to make yourself feel better about your own investments!As we go I will explain why I choose the stocks I do and how my trading philosophy plays out. ...
Blog
Trading
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