I think most of you will know by now that one of the major advantages in Forex Trading is the high degree of leverage provided by most brokerage companies. In the Forex market, depending on which brokerage firm a trader use, $1,000 could control $100,000 in currency. Such controlling leverage of 100 to 1 [...]
The origin of Forex trading traces its history to centuries ago. Different currencies and the need to exchange them had existed since the Babylonians. They are credited with the first use of paper notes and receipts. Speculation hardly ever happened, and certainly the enormous speculative activity in the market today would have been frowned upon.In those days, the value of goods were expressed in terms of other goods(also called as the Barter System). The obvious limitations of such a system encouraged establishing more generally accepted mediums of exchange. It was important that a common base of value could be established. In some economies, items such as teeth, feathers even stones served this purpose, but soon various metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value. Trade was carried among people of Africa, Asia etc through this system.Coins were initially minted from the preferred metal and in sta
As we all know, this subject is something that we could all use a little education on no matter who you are.
Here are the characteristics of successful FOREX trading
1. Successful FOREX trader cultivate to have absolute handling over their emotions. They will never get too excited over a win or too depressed over a lost.
2. Successful FOREX trader do not panic. They will make evolutionary
Killer Kowalski decides to nip the Roy Williams trade rumors in the bud, claiming the Lions would rather keep the legend in his own mind wide receiver. It would take "overwhelming value" in return to even contemplate a trade, as Detroit would rather get one more big season out of Williams before he bolts for free agency.Killer also claims the Lions won't franchise their mercurial wide out, and are hoping that Mike Martz leaving town will help convince the diva receiver to re-sign with the Honolulu blue and silver. As for Shaun Rogers, the Lions are much more open to unloading the rotund one for less in return.Being this is commentary from the Killer, just conjecture on his part, and not news, it should be taken with a truckload of salt.Mliver origintsi1 decides to comment on something the Killer said, but your guess is as good as mine what that might be. I think (But I'm not totally sure) it's about the Big Baby situation, but I have no fucking idea what he's trying to say. Not a clu
Swing trading is one of the best ways to make money in forex trading, it's also a lot easier psychologically than trend following.It's therefore a great way to trade for novice traders. Over the last few weeks we have looked at some live examples:Banked 4 profits, scratched one trade at break even and have one open. Let's look at it and another potential opportunity.First why is swing trading an easy way to trade?When we say is easy, we mean psychologically.You get in quick with low pre defined risk and you're normally out in 2 - 5 days with a good profit.This is much easier than long term trend following, in that you do not have to wait for months and see dips eat into your open profit.Long term trend following is highly profitable but requires a lot more discipline.We personally mix the two ways of trading to gain some diversification of style and smooth the equity curve.Swing trading basicsWe normally look for important chart support and resistance and trade contrary to it.We wait f
The presented article is intended for those who just turned their eyes toward FOREX. Beginning traders who are still learning the basics of the foreign exchange market may also find something of interest here. While experienced traders won’t gain anything worth their time reading this article.Basically there are 4 steps which can be defined as “must do“ for those who wish to start trading FOREX. Though, their order is not particularly important, the more important part is their content, to which the great attention and responsibility must be paid.First step is finding a right FOREX broker which will be your main tool in trading. You can have a great strategy, good technical analysis skills or an outstanding intuition but you will eventually fail if you choose a bad broker. A good FOREX broker is one that will not still your money, will be doing real trading with your positions, supports your preferred deposit/withdraw methods and has fast and helpful user support service. It is n
First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.Learning anything new can lead to mistakes, but making mistakes can be the natural part of the learning process. When learning to trade or invest in the Forex, mistakes can lead to lose of profits and can become expensive. A good investor will understand the market they are using for trading. Whether you are new or experienced, you can still make mistakes. There are common errors that many traders and investors make when trading on the Forex. With a little research, you can learn how to avoid common Forex trader mistakes and how to learn to move on.Using too much margin when trading or investing on the Fore
Stochastics are amongst the most popular technical indicators when it comes to Forex Trading. Unfortunately most traders use them incorrectly. In this article we will review the correct way to use this popular technical indicator.George Lane developed this indicator in the late 1950s. Stochastics measure the current close relative to the range (high/low) over a set of periods.Stochastics consist of two lines:%K – Is the main line and is usually displayed as a solid line%D – Is simply a moving average of the %K and is usually displayed as a dotted lineThere are three types of Stochastics: Full, fast and slow stochastics. Slow stochastics are simply a smother version of the fast stochastics, and full stochastics are even a smother version of the slow stochastics.Interpretation:Buy when %K falls below the oversold level (below 20) and rises back above the same level.Sell when %K rises above de overbought level (above 80) and falls back below the same level.The interpretation above is
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Earlier today I sold my remaining 350 shares of ININ at $15.80. These shares were the remaining shares of one of my 'trades' and thus, my 'trading rules' for this position meant that they were to be sold at break-even if the stock price should decline to that level. As per my previous comments, I am not sure that I shall continue to do any of these trades at all, but this has been my strategy for these purchases of stock.My shares of ININ were purchased 1/31/08 at a cost basis of $15.76/share. Thus at $15.80, the stock had come down to break-even, and I chose to sell my remaining shares. Interactive Intelligence closed today at $15.5
According to the latest rumours Shaquille O Neal who is enduring a hip injury and the disastrous season of his career is all set to be traded to the phoenix suns for Shawn Marion and Marcus banks.But the question is that whether the Suns will give up a promising player and a superstar like Marion in his prime for a guy like Shaq who has had the lowest productive season so far in his career remains to be seen.If this trade is pulled off then it will go down as one of the least anticipated trades in the NBA history.Another question asked is that will O neal blend well in the Phoenix run and gun style of offense and their fast break offense.Will Marion be willing to go to Heat although he demanded to be traded at the start of the season?Well we must wait and see.
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.I was traveling today and didn't realize what an awful market it was. I am sure that many of you took losses. I know that I did. And it really makes me want to consider my effort at "trading" beyond my investment strategy. In many ways it undermines my efforts at 'listening' to my portfolio. My stocks are talking to me loud and clear. And yet I try to deny their message. I did so again Monday. I purchased 1200 shares of SNCR at $24.99 yesterday morning. And almost immediately the stock turned lower and I sold 600 shares at $24.20, 600 shares at $24.69. I was smart enough to sell my shar
Sheryl Crow is set to launch her own denim fashion line this Summer. Sheryl will debut western/folked inspired new line Bootheel Trading Co in June. “I’ve always been kind of a jeans girl,” the singer says. “I want to be able to provide a cool look for anybody, but particularly for those gals out there [...]
Trading Metrics(TM) announces Market Latency Metrics (TM), a new software application that measures real-time trading system throughput, market data latency and Exchange delays."Today, tracking market data latency and the throughput of the data distribution infrastructure -- in real time -- is a prerequisite for high frequency trading strategies," says Jeff Drew, Founder and CEO, Trading Metrics. "Because our product provides real-time micro-second measurements, delays stemming from the Exchanges, the data distribution middleware or network components will trigger alerts to trading, operations and compliance."The system does not require modifications to the Market Data platform or the trading applications in use. Market Latency Metrics samples network message traffic while it traverses Data Feed Handlers to consuming applications. The client determines the specific points of measurement. The system supports granular views of message travel time through key components or holistic views
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Yesterday, I reported to you about how I had purchased 1200 shares of AFFX stock at $21.82 and when I wrote it up I was 'under water' by about $.20/share. I hung in there and sold most of my shares late in the day: 400 shares at $22.09, 300 shares at $22.18, and 290 shares at $22.07, leaving me 210 shares of AFFX remaining in my trading account.The stock is just above break-even and if it dips below that level, I shall be selling my remaining shares. Otherwise, I shall manage it just like any other position in my account.Thanks again for visiting. If you have any comments or questions, please feel free to leave them on the blog or email me a
In Forex Trading, technical analysis is the study of market action, mainly through the use of charts and indicators to forecast the future movement of a currency.
There are a few principles that a technical analyst applies. The price is a compressive reflection of all market forces.
To a technical analyst, regardless of what the fundamentalist [...]
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Earlier today I sold my 180 shares of Abaxis (ABAX) at $31.2754/share. I did this on the weakness of the stock and some fundamental news that disappointed. These shares were purchased 10/25/07 at a cost basis of $28.29, so I had a gain of $2.99 or 9.5% since purchase. This was actually my second sale of Abaxis--30 shares were sold 12/11/07 at $36.37 for a gain of $8.08 or 28.6% since purchase.Abaxis (ABAX) closed at $30.00, down $(2.55) or (7.83)% on the day.With a single partial sale at the 30% appreciation level, I generally would allow a stock to decline to 'break-even' before bailing. But the stock appeared to be acting rather
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Earlier this morning, as I mentioned in the previous post, noting that the market seemed to be gathering steam with the announcement of the Microsoft pursuit of Yahoo, I decided to check the list of top % gainers on the NASDAQ where I found an old favorite of mine moving sharply higher, Affymetrix (AFFX). I say "old favorite" because I first posted Affymetrix (AFFX) on Stock Picks Bob's Advice on January 27, 2005, three years ago (!), when the stock was trading at $40.62/share. The stock is down sharply since that date and NO there haven't been any stock splits that would explain the lower price today.Being rather stubborn at this trading situ
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.A few moments ago I sold my 103 shares of Cerner (CERN) remaining in my Trading Account at $47.32/share. These shares had been purchased 2/2/07, almost exactly one year ago, at a cost basis of $49.76/share. Thus I had a loss of $(2.44) or (4.9)% on this purchase. I sold these shares simply because after a single sale of Cerner at a gain (I had already sold 17 of my 120 shares of Cerner on 10/11/07 at a price of $64.20 representing a gain of $14.44 or 29% since my purchase), I push up my 'mental stop' (I still don't do this automatically) to break-even. Cerner dropped below my break-even or cost per share and thus needed to be sold per m
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Fortunately my 'intuition' about the direction of the market this morning was correct and Interactive Intelligence (ININ) has continued to move higher. Again with my significant margin level (lower than it has been though), and my desire to sell my 'excess shares' so that I could leave a position for my Trading Account, I sold 850 of my 1200 shares of ININ. 500 were sold at $16.14 and 350 shares were sold at 16.1901. Thus, the average sale price of these 850 shares was $16.16. All of these shares were purchased this morning at $15.75, so this represented a gain of $.41/share or 2.6% since purchase. Since there were 850 shares involv
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Earlier this morning, seeing an 'old favorite' of mine, Interactive Intelligence (ININ) on the list of top % gainers on the NASDAQ, I chose to stick my toes once more into the trading world and purchased 1,200 shares at $15.75. This is once again my 'trade position' and I do not plan to sit with the entire 1,200 shares long-term. If the stock works out for me by moving higher yet, than I shall be selling approximately 900 shares and leaving 300 for the portfolio. Otherwise, I shall be unloading the entire position at the smallest loss I can tolerate.As I write, ININ is trading at $15.85, up $2.26 or 16.63% on the day. I use the
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.I think that interview with the Associated Press went right to my head. Or perhaps it is just very dangerous to trade in these volatile waters. Bullish advances turn on the dime like they did today and turn a profit into a loss in minutes. I should have known better but after this "trade" turned south, I pulled the plug and took a loss. Even though I like this stock.In a nutshell, I purchased 800 shares of Dover (DOV) at $42.184. With the market heading south and Dover pulling back from its large move to the upside, I started unloading my shares--selling 100 at $41, 100 at $41.01, 200 at $41.07, and 400 at $41.18. That was a los
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.As I have blogged earlier, I purchased a large position of Silicom (SILC) yesterday and as the stock has moved higher, I have been selling off 'pieces' of this investment and now, with 350 shares remaining, I am leaving it as a new position in my Trading Account. Earlier today, with 900 shares left of my 2000 share purchase that I picked up yesterday at a cost basis of $13.67, I sold 300 shares at $14.25, and then later in the day sold 250 shares at $14.2101, leaving me the 350 share position which constitutes the new position.If my SILC shares dip to my 'break-even' point or lower I shall be selling the shares. On the other hand, if the shares apprec
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.This market sure has a lot of 'mood swings' don't you think?Just when I was feeling a bit blue over selling my WOOF stock for the second time since I have been an owner of shares, the market turns around and starts to rally. Almost feeling the strength of the market move higher I thought I would take a look and see if there were any names that caught my attention.Sure enough, Silicom (SILC) was moving strongly higher on earning news. I had just reviewed Silicom on December 10, 2007, and you might want to refer to that review for information about the Morningstar.com report and valuation.With all of that in mind, I took a big plunge and purchased 2,
FxGround.com is aGreat Resource for Those Who Use TheForex Online TradingPlatformNo, it's not Fedex... It's FxGround.com. A lot of people these days are into Forex Trading, which is an online trading platform for oversees currencies. Here is the Wikipedia.org link for more understanding: [Forex Trading] FxGround.com is a site that offers a great deal of information, resources, learning info, calender info, forum, news readers and more. This site offers a wealth of information for thoses who are new or seasoned pros. Click on the graphic to go to the site:
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Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website!I wanted to share with you a trade that I just implemented in my account. I sold my complete position (210 shares) of VCA Antech (WOOF) at $37.74/share. These shares were purchased on 7/27/07 at a cost basis of $41.04/share. Thus I had a loss of $(3.30)/share or (8.04)% since purchase.As you probably know, I use the (8)% loss as a point of sale of any position in my portfolio after an initial purchase, and not having sold any shares at higher appreciation targets. Furthermore, I use this sale on "bad news" as a simple portfolio management signal. (As if I hadn't been paying attention to what the market is doing!). In other
Bagi teman-teman netter yang suka/baru belajar forex,marketiva adalah broker yang tepat untuk belajar, karena kalo kita mendaftar di marketiva, kita akan mendapatkan free uang trading sebesar $5 yang bisa kita gunakan untuk transaksi. Kita juga bisa mengikuti program referral yang dimiliki marketiva, bila kita mendapatkan downline yang mendaftar melalui link kita, maka bila member tersebut melakukan trading dan menutupnya pada loss/profit 4 pips maka kita akan mendapatkan komisi.berikut ini adalah penjelasan yang saya ambil dari situs marketiva :About MarketivaMarketiva is a financial services corporation specialized in providing traders with high quality online trading services. With a team of dedicated financial specialists and technical support personnel, Marketiva operates globally as a market maker and principal counterparty to retail traders. Marketiva has established itself as an industry leader by relying on its cutting-edge internet trading platform and its superior customer s
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.I am continuing to work on a strategy to trade stocks on very short-term basis and also manage my underlying trading account in response to market action. I have allowed myself a single position for a "trade" with the strategy of buying a large position, which for me might be $25,000 or so, compared to my average holding of about $6,000, and then selling most of that position should the stock appreciate or selling the entire position should the stock actually drop in price. I haven't set any firm sale points on either the upside of the downside--but that is my strategy.Furthermore, after a single sale of a holding, including my 'trades', I
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.With Microsoft reporting earnings that passed estimates, it appeared this morning that the market might well head into a third strong day of trading. With that in mind, I was ready to dabble into a trade, hopefully ending up with a new position. This is rapidly becoming another way that I am growing my portfolio--through management of my existing positions and through trading stocks on the upswing that generally meet my same criteria for 'quality'.Looking through the list of top % gainers on the NYSE today, I noted that Dolby (DLB) which had been under pressure recently, was moving sharply higher in early trading. As I write, Dolby is trading at $
In Forex Trading, fundamental analysis focuses on the theoretical models of exchange rate determination such as purchasing power parity (PPP) and the theory of elasticity.
Fundamental analysis also concentrates on other major economic factors such as Gross National Product (GNP) that measures the economic performance of a nation economy. Other economic indicators include Gross Domestic Product [...]
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.I am incorrigible.Back to a trade again. A few moments ago, with the market rally appearing to be strong out of the gate with what appears to be a continuation of yesterday's rally, I decided to see if I could add another trade to the portfolio.Looking at the list of top % gainers on the NYSE, I came across Varian (VAR), an old favorite of mine, which closed at $53.57, up $4.47 or 9.10% on the day. I say 'old favorite' because I have written about Varian (VAR) on this blog previously--first writing it up on October 20, 2003, and then revisiting Varian on May 11, 2005. With the market fluctuating and then moving higher after the 'stimulus p
By James Pomfret HONG KONG (Reuters) - Hong Kong students are piling loans and family savings into a volatile stock market, a growing trend that worries social workers in a city known for its derivatives-savvy grandmothers and stock-tipping taxi drivers. Third-year Hong Kong University law student Ivan Lee made US$38,000 on stocks and warrants when the Hang Seng Index climbed 39 percent in 2007, but half of his gains were wiped out by a 14 percent market slide this week. "It's a good lesson to us," Lee said, grimacing at how panicked selling gripped global markets. "I'd say around four or five out of every 10 male students now bet on the stock market." Long regarded by many as a harmless pastime for finance students, stock trading is becoming more widespread, according to a poll by Chinese University, which found around 10 percent of students had pumped over half their savings into the markets. The head of Hong Kong's Polytechnic University, Poon Chung-kwon
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professsional investment advisers prior to making any investment decisions based on information on this website.With the incredible volatility of the market (the Dow opened up down about 275 and closed up about 280 in the same day!), I decided not to sit with this sizeable position long-term. I sold 650 of my 800 shares, leaving 150 for a possibly longer-term holding, at $35.54/share. This was a gain of $.55/share or 1.6% since purchase minutes earlier. With a more-or-less successful trade, I shall keep the Under All shares in my Trading Account and treat them as a new position that has had one sale at a gain already. In other words, instead of waiting for a loss of 8% if the stock should decline, I shall be unloading my shares should the stock hit my purcha
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so pleae remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.A few moments ago I exercised my prerogative to make a trade with one position in my account.I did this because the market appeared to be over-sold over the short-term, and was rallying into the close. Under Armor Armor (UA) is trading at $35.76 as I write, up $4.48 or 14.31% on the day. I purchased 800 shares at $34.99 just minutes ago. Wish me luck.Bob
I had joined the marketiva. It is a foreign exchange business. Now, I am still practicing how this thing works, but I have a brief idea of this already. Although, I am not an expert, I already got some techniques.I would love to continue this so far. For me this is a challenging job, but I guess and hoping this will be more productive in 2008.
The bears, who took global cues and played havoc yesterday, showed no mercy this morning and the resultant slide in stock prices sent the benchmark indices Sensex and Nifty crashing down by over 10%. The exchanges have halted trading for an hour now. At 9:56:52 a.m, when BSE cried halt, the Sensex was down by a staggering 11.53% or 2029.05 points at 15,576.30. The Nifty plunged to 4569.50 and was at 4578.35 with a loss of 12.1% or 630.45 points. Index heavyweight Reliance Industries lost over 15%. Reliance Petroleum went down by 20%. Unitech, Larsen & Toubro, Reliance Communications, NTPC, Cairn India, Sterlite Industries, Idea Cellular, Zee Entertainment, ITC, Ambuja Cements, Tata Steel, Grasim Industries, State Bank of India, ONGC, Reliance Energy, BHEL, Suzlon Energy, Tata Power, ACC and SAIL lost 10% - 20%. Bajaj Auto and HDFC Bank, faring a lot better, are down just marginally from their previous closing levels. All other Sensex and Nifty components have posted sharp losses.
Chicago Climate Exchange (CCX), launched in 2003, is the world’s first and North America’s only active voluntary, legally binding integrated trading system to reduce emissions of all six major greenhouse gases (GHGs), with offset projects worldwide.
Reductions achieved through CCX are the only reductions made in North America through a legally binding compliance regime, providing independent, [...]
To trade the Forex market, traders must understand the different type trading orders. The following are some of major types of orders that can be found on most Broker trading platforms if one would to trade Forex.
Market Order - A market order is an instant order to buy or sell a currency pair at the [...]
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.In the midst of this market 'meltdown', it is still business as usual on this blog. My portfolio investment strategy is kicking in as it has been for the last several weeks. As stocks decline, if they reach sale points they are sold and not replaced. I am now down to 9 positions and could conceivably drop to 5 positions (my minimum) well below the maximum of 5 positions.I have attempted to accomplish several things on this blog simultaneously. For one, I have been listing many investment 'ideas' that I would find suitable for purchase. In addition, I have outlined my own ideas of portfolio management wit
Hollywood veteran Clint Eastwood has sued a furniture company after it produced a line of chairs called 'The Eastwood'. The actor accused Palliser Furniture of illegally trading on his name without his permission. The 77-year-old has filed for damages at the federal lawsuit in US District Court, Los Angeles, reports the Mirror. The firm is also being sued by Marlon Brando's estate over another chair. Palliser insisted that their Brando recliner was named after a Corsican village. But they were unforgiven by Eastwood. (ANI)
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.This afternoon, when the selling pressure became more severe, my Precision Castparts stock, which was actually moving higher originally, turned lower and hit a sale point and was sold. I sold my 64 shares of PCP at $108.79. I had actually purchased these share on 10/24/06 at $69.05 so realized a gain of $39.74/share or 57.6% on these shares since purchase. You might be asking the why of my sale. Why did I sell the stock NOW when the stock was ahead by 57.6% since purchase? In fact, this sale was dictated by my own trading portfolio management system. That is, since I had sold shares four times previously at approximately 30, 60, 90
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Earlier today I found that my latest stock purchase, Graham Corp (GHM) had hit a sale point on the downside and I sold my 210 shares at $41.34. These shares had just been purchased on 1/10/08 at a price of $46.27. Thus, my loss on these shares worked out to $(4.93)/share or (10.7)% since purchase. My trading rules dictate me to implement sales as stocks hit (8)% losses. I am fairly 'old-fashioned' with these sales and monitor my stocks manually. With the fast-moving market, I probably should consider automatically setting up these transactions.Since this stock sale is on 'bad news', I do not have any permission to replace this
Forex Trading is just one of the many wealth crating mean and process to achieve wealth. As far as wealth goes, you don’t need money to be happy. A lot of people refer to cliché like “Money is not everything”. There is truth to that statement but the opposite also holds true- without money you [...]
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Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.With my partial sale of Meridian (VIVO), I now had a 'permission slip' to be looking for another position to add to my trading account. Especially at just 10 positions, I use a sale of a portion of an existing position within the account as a signal that moves me towards the 20 position maximum. My minimum holdings number 5 but I haven't gotten that close to that level yet. In that case, even with a sale on bad news, I would be entitled to add a new position as long as it 'qualified.'With that nickel burning a hole in my pocket, I went right away to the top % gainers list. Lately, I have been starting with the list of top %
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Shortly after selling my Harris Stock I was pleased to see that not all of my stocks were 'falling out of bed' today and that Meridian Bioscience, one of my most successful of holdings had moved higher to another appreciation target. Thus, I sold 1/7th of my 199 shares or 28 shares of VIVO at $34.43/share. Meridian (VIVO) was purchased almost 3 years ago on 4/21/05 with a cost basis of $7.42/share (!) giving me a gain of $27.01/share or a 364% appreciation on these shares.This was my eighth partial sale of Meridian in my account having previously sold portions at 30, 60, 90, 120, 180, 240, 300, and now 360% appreciation levels. When would I sell n
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.Yesterday I demonstrated my ability to act in an undisciplined fashion. Today was different. Harris Corporation (HRS) declined sharply and actually closed at $49.82 on the day down $(5.99) or (10.73)% on the day. I do not see any news that would explain the drop in the stock price. I am sure there is something somewhere that somebody will point out but it doesn't really matter to me. The point is that this stock in which I have previously sold a portion at a 30% appreciation target moved against me into a loss position. These 103 shares that I held in this account were purchased about a year ago on 1/31/07 with a cost basis of $50.05
"WARNING: Do Not Read This Unless You Are Already Rich!"... Or Curious About The First Commercially Available Stock Trading "Robot" Which Earns $346.77 Per Week (Managing $1000 Capital).What I am about to share with you, is a very unusual story.Unusual... because it is about 2 "geeks", named Michael and Carl. Who developed the first commercially available stock picking "robot". Michael (the programmer) named the robot "Marl".Who developed the first commercially available stock picking "robot".Marl came about after Michael developed the famous "Global Alpha" computer stock trading model, while contracted to Goldman Sachs.A piece of software which most years is responsible for...$4,000,000,000+ Annual Trading Profit.With this software project completed, Michael looked for a new way to line his pockets. Unfortunately he had signed a Non Compete and NDA agreement with Goldman Sachs, forbidding him to create software which trades derivatives and similar financial instruments (like Global Al
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.In order to demonstrate what a total amateur investor I really am, and I am NOT kidding, I probably should explain to you the series of really amateur mistakes I made today with my Universal Electronics Stock (UEIC). I am really getting ready to stick to my rules and stop all the short-term trades. While the rest of the market moved higher today, my own account dipped.Earlier today, I saw that my UEIC stock was taking a nosedive for no particular reason. Rule #1. Don't try to figure out the reason. Just respond to market action.I didn't.I tried.And I lost.I figured since the drop was outrageous and the stock was gorgeous, I was s
Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.A few moments ago I sold my remaining 100 shares in FMC Technologies (FTI) at $62.90/share. These shares were purchased 1/3/08 at $63.52/share. They were part of a larger lot which was purchased and sold the same day. I left 100 shares as I was happy with the stock and it met my criteria. I do believe that I shall be implementing this strategy of selling most of a "trade" in my one position arbitrary 'trade' strategy, and leaving behind enough for a regular position if it is successful. I haven't blogged much about this as this whole process is evolving. Anyhow, since I had sold the stock 'once' for a gain,
To all my readers investing/speculating the stock market, it may be time that you start to take a serious look at the Forex Market. I try to avoid making overall market prediction. But it seems to me that the Stock Market is heading for further decline in 2008. Unless you are into shorting (selling), 2008 [...]
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