Day Trading With me And Make Money! Profits on $AAPL, $UAUA, and $PNX
Oct 16, 2008 TTT.net Updates
Who ever said mo money mo problems?!? The more money i have the way less stressed i am and more materialistic things i can buy. Who doesn’t like materials?? Day trading has proven to be a profitable endeavour and its really not that hard. Just have to stay calm, be patient and wait for the right opportunities, and most importantly if the trade isn’t going your way, get out and cut your losses. Today we went 3 for 4 on our day trading stock picks that i alert to Black Service members in Real Time of buy and Sell prices so that they can profit from my trades. So lets take a gander and review todays day trading session.
Day Trading Stock Pick #1 UAUA
UAUA was forming a beautiful looking ascending triangle pattern and price was riding along the short term 13ema trend indicator. I went long at 7.57 on this support as higher lows were telling me this stock is in an uptrend and a breakout is in near sight above 7.75. Truth be told i was right and we broke to the upside where i took profits at 8.04 and 8.38. Sure this stock went up to $10. But you can’t predict that and need to take your profits while you have them in the fast paced day trading world.
Technical Analysis:
Day Trading Stock Pick #2 PNX
We’ve been bank on PNX earliar this week on the short side but now it was time to hop in for some longs and see what kind of money we could make on this side. Early in the morning around the same time as UAUA i hopped into PNX as it was breaking out of short term resistance and went long at 5.42. Price quickly rallied up near the 50ema where i decided to take my profits at 5.72 for a solid gain. I tried going long in this again as the chart was telling me it was going higher and it did, but due to intraday volatility i was stopped out of my position for a small loss. Its essential in trading that you stay disciplined and cut your losses short. Theres no way i could have known for sure that the PNX was going to rally after i got stopped out at 5.59. The important thing is that i stayed disciplined and got out of the trade when it appeared not to be going my way before i lost any more money.
Technical Analysis :
Day Trading Stock Pick #3
And last but not least i went and bought some AAPL. And what do yah know were up on the position. How bout dem AAPL’s! AAPL has sold off a significant amount in this crap of a market so as the market was forming a bullish hammer candle during the session which signifies that a rebound could be in play i went long in a quality stock like AAPL at 96.05. The market then surged later in the day up 400 points bring AAPL to close at 101.89 and it up to 103.30 AH. This position is actually still open with a 6% gain but i intend on selling tomorrow hopefully on a gap open.
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Tags: aapl, ascending triangle, Day Trading, PNX, stocks, Technical Analysis, UAUA
Day Trading Stock Picks Review 10/14/08 . Shorted Me Some PNX! Again!
Oct 14, 2008 Day Trading, Technical Analysis
Today i went for another short on PNX again and although didn’t make that much money i at least made back my small loss that we made yesterday on it. This stock has been very volatile since last friday and even jumped over 9.50 today! Currently this stock is showing a bearish shooting star candle along with the Dow creating a double bearish set up for us here on PNX which could again set up a day trade on the short side. I’m still hesitant to hold stocks over night though due to the volatility risk we have see with the gap ups and downs. Nothing to brag about here but i alerted Black Service members to go short at 7.80 and covered at 7.64 when the market appeared to be buying stocks into the close for a 2.1% gain woot! So in light of this bastardo of a stock it really hasn’t given us what we wanted yet. So lets see what it has in store for us tomorrow eh? Maybe you should test out a free trial to black service if you want to make some coin with me and my crew of traders eh?!
Technical Analysis :
Tags: buying stocks, Day Trading, DOW, gap ups, market, PNX, shooting star, stocks, trading stock
Monday Black Service Day Trading Review – 1 for 2 on MS and PNX
Oct 14, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
It was a decent day for some trading opportunities, almost too many opportunities that it was hard to catch anything at the right time trying to follow so many different stocks. As well by mid day as we were up around 600 points i was skepticle to see the market continue higher. Yet i guess we can’t be surprised by anything in this current market environment.
Day Trading Stock Pick #1 – Long MS
MS always seems to treat me better than bad as i usually can pull a profit on this stock. Yet it is a dangerous stock as it can move so much so quickly on an extreme amount of volume. I picked up some shares and alerted our Black Service members to go long at 14.76 as price was consolidating in a nice looking ascending triangle pattern.
Note that you don’t want to go long on the first breakout of a stocks resistance as it usually leads to a false breakout. The 3rd breakout from a resistance point is the most reliable move to play. Not to say it always works because it doesn’t. But its the safest. Although secondary breakouts do happen as well as i was watching RRI today for a long position and missed it as it broke the secondary breakout point around 5.45 when i was waiting for a 3rd. So sure i missed that one, but trying to play secondary breakouts all the time and your pressing your luck. You will have a better success rate play the 3rd thus make winning trades more consistently.
I took profits shortly after on MS near $16 which was the current high of day area at the time for a solid 7%+ day trade. MS sold off and then continued on after that but in this hectic market i’m not looking to gamble and see what may happen towards the rest of the session. I’m in, I’m out, i made some scrilla!
Day Trading Stock Pick #2 – Short PNX
Second stock i attempted to tackle had a very high risk/reward ratio as PNX had traded up from 2.68 to just under $7/share in 2 trading sessions making a short with a tight stop very attractive here. Early in the morning it appeared momentum was in our favor for the bears as the gap up broke down and i went short at 6.40 and alerted Black Service Members.
Holding throughout the session it whipsawed up and down in a triangle formation until finally with the market becoming increasingly strong i decided to cover this position for small loss of just 2% before it could make significant damages to my MS day trade. This stock still has a very strong potential for a short later into this week but needed to cut my losses for now which turned out to be a very wise decision as it brokeout from its intraday triangle.
Tags: day trade, Day Trading, MS, PNX, stock pick, Technical Analysis
