Alright, ya’ll got me. I did sell my soul to the Devil. That’s why I am up +28% month-to-date as of today’s close, not to mention +55% in April and 142% year-to-date 2009. You think I use technicals for my trading decisions? Wrong. That’s just an innocent ruse to hide my sinister involvement with secret societies infiltrating the stock market. lol.
For all the mentally stable people that made money off of my calls, congratulations. These “dollar menu” stocks are cash freakin’ cows. I think I’ve proven that point week after week. Finding the setup is the first step, which is easy to do. However, the timing must be flawless, or you will miss the initial spike. Let’s look at three calls I made just today alone:
HGSI was an imminent breakout call that was executed at 12:52PM at $2.025:
FLOW was also an imminent breakout call that was executed at 2:08PM at $1.889:
TVL was the final imminent breakout call for the day, executed at 2:55PM at $1.73:
My trading philosophy is all about getting the biggest bang for your buck for the least amount of risk in the shortest period of time. Are there more $1-3 plays? Absolutely. I have an entire pipeline full of these monsters ready to “BTFO”. However, I am trying not to add any more longs at this point (but I’m sure I will though). I want to ride my existing positions to their fullest extent and then dump them to all the latecomers. That’s how this game is played. Either you’re early, or you’re late. If you miss a breakout, don’t chase it. There are plenty of setups out there, so catch the next one.
As for the general market, we really need a pullback now. I did not expect this up move, though I did say 2 days ago that the bears would get screwed. What we are seeing right now is the gradual meat-grinding capitulation of the most stubborn short sellers. Like said many times before, I have only 2 criteria to commit to the short side: 1) exhaustion gap via black-filled bearish gap up, or 2) a major breakdown of -3% or more. If neither of these scenarios take place, then get the fuck out of my way.
I am currently 79% long, 3% short (FAZ), and in 18% cash. My personal holdings are as follows: AHD, BZ, CNO, CNXT, COIN, CPE, EMKR, FEED, FLOW, HGSI, NXG, TVL, WRES. They will be sold off one-by-one when they are ripe for the picking.
On a final note, I received 62 e-mails from random people asking me all sorts of questions. You can stop flooding my inbox by leaving your comments below. The simple answer to all of your questions is “look at the chart”. Stop free-riding on me if you can’t take 1-2 mins to figure out the entry & exit targets. If you don’t know what you are doing when you buy a stock, then you already made a huge mistake.
Off to sacrifice another goat.
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What exactly made the above three imminent breakouts?
They were trading sideways and then just BTFO. You seem to be early and I’m curious as to what was the clue?
Best.Day.Ever.
nice work.
i bet you’re glad you didn’t stay in the military..
Love those intraday timing patterns !
TMI lining up those extra goats for you ! lol
Imminent means IMMINENT…a breakout within 1-5 minutes. Price, volume, moving averages, support/resistance all have to align perfectly. The market only gives people a short and small window of opportunity.
RC is my partner in crime.
Hammy, I’m still the NG as a training officer, but we don’t do shit anyway.
Hi Nap, next time it won’t be goats. I’ll sacrifice Steve on the altar.
nice work CA..im keep buying with..but taking profits as sson as i get 10%…thanks
@CA: I’ve had a longstanding hypothesis regarding the human mind’s ability to interpret visual patterns. I speculate that part of your work involves looking at a lot — not, say, dozens, but hundreds (thousands?) — of intraday charts per day, even if only for a moment or two. Am I right?
(Disclaimer: no positions in any securities mentioned, and I’ve just put all four on my personal no-trade list for a week.)
I can see some commonalities on the charts in this post, generally involving increases in liquidity before the move, and bullish OBV during the move and its retracement.
As one who trades in timeframes of days/weeks (rather than minutes/hours), HGSI’s the kind of thing I might have bought on the retracement towards the close today, but calls like ARM, FLOW and TVL are the kinds of moves at which – even with 20/20 hindsight – I can only sit back and watch in awe.
None of which diminishes the fact that it’s a bloody joy to watch. Speaking of which…
“Blood for the Blood God! Skulls for the Skull Throne!”
Cha-Ching!
Nice stats dude.
nice performance but you have to give your blind followers some credit for getting the stocks juiced after you post the “imminent breakouts”. These are illiquid penny stocks, so when IBC readers start buying them, it becomes somewhat of a self fulfilling prophecy. However if you’re early enough, even as a follower, like in AHD, you can enjoy some of the ride.
trader y,
I noticed it too, but isn’t that iligal?
As long as the primary pumpers are not dumping I don’t think there is anything illegal. It’s basically what Timmy does every day.
CA, what’s on radar for today?
Juice, what do you got?
trader y – my plays will breakout whether they are mentioned here or not. It’s called technical analysis.
Sold remaining FEED $4.07 (cash raise)
How about NG, is it ripe?
With gold acting bullish it may get started.
Disclaimer: long NG
I remember when you first got here (iBC) and all kinds of douches were calling you out and talking shit… now you’re fucking owning it and proving you can make 50% a month. Good shit, CA! Good shit!
Sold WRES $2.23 (cash raise)
CA are you holding any coin, bz or cno ?
Holy shit sheeps, quit pestering the shepherd! Just make the move he tells you to make when he tells you, if you need his advice this badly.
CA, if you talking about technical analysis, would you mention a price target please when you buy a position?
Thx
FAZ –
this is a free site. The guy doesn’t have to mention anything. Don’t act as if you haven’t benefitted from CA’s calls. The guy is handing out free f’n money! Grin and bare it, keep your ego out of it champ.
Chart Addict is probably making a killing on advert revenue, with all his minions page-loading every minute.
Sold CPE $2.44 (cash raise), possible short-term exhaustion.
Sold NXG $41.68 (cash raise), exhaustion.
i think NXG definitely still has room to run up. Edwards & Magee guidelines on tech analysis end up with this chart:
http://farm4.static.flickr.com/3391/3509791595_76450978e8_o.png
I humbly submit TWI (Titan) – maker of large tires (excavating / mining vehicles etc.) – seems to fit the CA mold? Hope it’s helpful after all the benefit I’ve gotten here.
selling all??? nice step
Sold COIN $1.57
No not all, but nearly half my positions. Cash level is now at 55%.
Bill (TWI) – share price too high for me lol, but I will add on my wait list.
3/3 – 3/2 megaphone pattern in COMPX from 5/4.
CA,
what do you think of TBT..seems like clear sailing to 55..??
I think FLOW is done pulling back and taking a nap. Buckle up.
FG — you should have TBT for the long term.
____
Agree Jake, still long FLOW.
CA check HW very bullish also its time to buy FEED again
alright, I bought some $FLOW too, can’t go wrong being on same side as Ragin and Jake
Great call TBT, what a move in 1 hour lol. Built a position in FAZ this morning, going to $7.50
Ca, what do you think of anpi?
TBT – watch 200-day MA, but Jake’s right.
Yes, I still own FLOW
ANPI – interesting, added to wait list.
CA,
Is it time to get into the FAZ again?
I’m in NG for the next bust up, ala last December… only a matter of time .. ask the Jakester.
Is this the beginning of the pullback-consolidation the bulls talk about, or the return of the bear market the bears talk about? How significant is this Treasury fail?
Decliners/Advance only 2 to 1…..don’t get too complacent with shorts
This appears to be a pullback, but I wouldn’t be surprised if we broke down. This madness has got to end sometime soon.
approx. cash 65%, Long 30%, Short 5%.
CA…..We are almost at 3% down on Nasdaq is it time to be looking at shorts or do all Indicies need to 3% for that?
What would you consider a break down?
Thanx
The Chart Addict Says:
Imminent means IMMINENT…a breakout within 1-5 minutes. Price, volume, moving averages, support/resistance all have to align perfectly. The market only gives people a short and small window of opportunity.
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@CA: At some point, could you do a case study post (here or on the PPT) walking us through a detailed analysis of these or similar trades? You mention “Price, volume, moving averages, support/resistance all have to align perfectly,” but walk us through SPECIFICALLY what you saw in the time before these trades.
While it is fun to chase your trades, I’m really here to learn, not leach. You are terrific at what you do, which is undoubtedly why Fly invited you to be a blogger here. I’d really appreciate if you’d do a deeper analysis of these setups, so we can truly learn from you, rather than just chase your trades. For my part, I hope to improve my trading to the point where I can pay back the iBC/PPT community with my own trade setups at some point.
Thanks for all you do!
CA,
do you set alerts on all of the names you are following so when they reach critical mass it is brought to your attention? Or do you literally spend all day cycling through your lists waiting for the perfect moment to strike?
Yo homie today is it “the exhaustion gap via black-filled bearish gap up” you been looking for?
SBGI trying to BO now …
Yes and no – it is an exhaustion gap, but where is the selling pressure? I like to be in majority cash when I’m uncertain.
Peon – I have dozens of charts up at the same time. I keep notes during the day on which stocks are meeting criteria.
wb – i’ll try
CA,
Are you calling these out live in the PPT? If so, is it on an RSS feed? In other words, would one be able to follow the signals in a meaningful way?
CA – you have an intitial target for BZ ? Up on a down day .. not too shabby 😀
No lazy, if you’re in PPT or here, you just have to refresh like mad. Not too efficient, RSS feed, or twitter would be great idea instead of comment section. Or even better, put comments on Disqus …
There is an RSS feed link for comments on the regular IBC site (see very bottom of this web page). I’ve never tried it so can’t say if it works (would assume it does).
I’m not in PPT but would consider to grab some of those picks…
checking now…
Works but my RSS viewer only updates every 15 minutes. Just need to find one (pref ticker style) that updates every minute or so.