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Tag Archives: $UTEK

Passing The Fish

There was a nasty selloff in TLT but you can read “The Fly” to get a better interpretation.

RGLD and miners as a whole continue to be a beaten down sector.  Optimism in the space fades to indecision and back again on an hourly basis.  Such is the case when you’re tra la la-ing across the bottom.  It’s scary, especially if you’re a political investor.

We had a huge range today in the S&P.  That meant only one thing, opportunities.  I continued trading the mini contract all session, mostly to the short side and then long again approaching the final half hour.  It was by far my best performance in the index yet.  All hail the memorial weekend!

After taking some paper trades in the AAPL weeklies over the weekend and seeing what type of beast it really is, I’ve dabbled in a very small way by purchasing some SNDK May week 5’s on the $57.50 strike.  They’re really cheap, and it makes sense to risk the entire amount, essentially.  Feel free to throw rotten tomatoes at my virgin attempt using options, I normally trade common.  I’m a trial-by-fire learner so after I understood the risk, why not?

Other stock action included selling NXST.  Fly popped into 12631 and sold a few low conviction names.  If you read my reasoning behind NXST you could easily conclude my conviction level was low low low.  Sold for a small scratch loss.

I also bought some NANO today.  Nano technology is one of those things that promises so very much, like a politician.  I did a PPT dig on all company profiles featuring “nano” and simply put I settled on NANO and UTEK.

I’ll be back around, same time same place, to gather some insight into the markets with these profiles in the morning.

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Using The Holiday to Sharpen My Tools

Whoever made the decision to schedule Memorial Day here was on to something. The placement of this much needed rest is divine. I spent the weekend decorating the graves of my losing trades. Most trades receive a solemn salute for their service. For others, I stopped and observed for what seemed like hours, with deep introspective of the events that led to the loss.

I reviewed every trade taken in the S&P this month. If only ironically but perhaps like a little galactic wink, there have been 99 trades. A blanket of inpatients was strewn over the field. And from the review a glaring bit of clarity emerged. I must stick to my plan. I have two data sets, one with trades taken according to my plan and the rest.

Check check it out:

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Pretty good numbers on the planned trades. Something to build on, no doubt. But the thing is, I really like my unplanned trades, even though the numbers suggest I should NEVER trade anything outside my plan. So I hardcoded a nuance into The Plan which lets me have my cake and eat it too. The rule is inspired by the feedback I received from you guys and I appreciate your thoughts. Kudos gentleman, behold! Literary logic to protect my ass:

I will only trade other pictures (like profile support/resistance) if I’ve earned risk capital and with a ‘one round elimination’ format meaning trades can only continue to be taken if the prior trade was correct.

To break it down, I have to only trade my plan until I’ve earned profits. If at that point I really need to take an unplanned look, I have one shot to do so. Not two, or three like Friday. I always build risk into my trades and must be willing to forfeit 1/2 my daily gains if the unplanned trade is wrong. If it’s a winner, and I want to take another, the same rule applies.

Planned trades can be taken any time. Even after a failed unplanned trade. Make sense? If you hate it let me know.

I’ve gone over 100s of charts and screens and bloggers’ picks and have a few hot looks going into the week should the market bounce or even flatline. I’m a stalker long on MSPD, LSI, SNDK, NANO, and UTEK.

Get excited.

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