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Tag Archives: $FIVE

Book Talk

I’m having an interesting morning as the Chinese say, with much to keep my attention and interest.  I closed out FIVE for a 2% loss after the broad market lost its momentum.

Early on I had eyes on both GTAT and RBCN, suspecting one of the sapphire names to run.  I went with GTAT and the position is up 2 percent so I should be happy right?  Wrong!  RBCN was the choice to make, up as much as 10 percent on the day.

TPX is working off some of the post-earnings selloff and the only news I see is they’re supplying the Chicago Bears with beds during training camp.  Please dispose of said beds in the proper biohazard receptacle afterwards.

FB lead by heartthrob Mark Zuckerberg is gliding along like a boat on the Spanish Riviera, all the while Marc whispering sweet nothings into my ear.

AMBA is going full Jeb Corliss for the time being.  I like it because it lets me know the name has a pulse.  Remember, momentum cuts both ways.

One long in the S&P futures, took a 1.5 handle loss. The trade had an 85 % plan compliance.

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The Momentum Plan

I’m testing out a new run-and-gun strategy with about 50% of my swing portfolio.  Like any approach I take to the market, I start by writing out a plan.  I usually keep these private because they’re very dear to me, but iBankCoin is for the people.  I have written close to 50 of these plans.  Any good plan should be amorphous to survive in the markets.  Therefore I start with something basic and add or remove rules as I become more familiar with the approach.  Enjoy.



I will trade stocks from the popular intraday momentum screen within The PPT  (Link: PPT Members Click Here!)

I will trade long only

I will enter trades either when the S&P 500 as represented by the eMini S&P future contract “/ES” is at a support level I suspect could mark the low of the session or when the index shows upward momentum.

I will choose whichever stock in the list presents the best daily chart setup

I will drill down intraday and enter the first buyable dip

I will risk about 0.50% of my portfolio on each position

The above plan is already in action with the following trades:

Current positions undertaken according to this plan are OCZ, SCTY, & FIVE.

SCTY was entered too early according to my third rule.  Therefore the entry was only 80% within compliance with the plan.

FIVE conversely was entered in the afternoon, when the overall market showed signs of upward momentum.  The first buyable dip was entered upon, and the position size was correct. 100 percent.

I entered the SCTY trade very soon after taking my third scale in OCZ.  I’ve been scaling OCZ off in quarters because it was a huge position.  I was frustrated when I took my morning scale at 1.89 only minutes before it rallied to 1.99.  I immediately utilized The Stop Method© but I did so in slight haste, pouncing a bit aggressively on the SCTY long.  It offered a lower risk entry soon after.

Prices I’ll be targeting on the aforementioned three trades:

OCZ – n/a I’m down to a runner that must trade below 1.70 on a closing basis to stop me out.  I want to let my winner run free like a wild horse.

SCTY, Targeting 43.25 then 44.50 then runner.  Risk below 39.95 on a closing basis

FIVE, Targeting 42 for a 2/3 scale then runner.  Risk below 38.80 on a closing basis.

Rinse repeat, rinse repeat.

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