It’s quite obvious that I am not as involved on my own blog as I was before. For that, I’m sorry. There is nothing I can do about it. I love college life (again) and I love the experience that I really missed out on. I am having so much fun – fun that I missed out mostly because I was at a military academy for my freshman & sophomore years, but also because I was building up my fund as well as my real estate business. There are certain sacrifices that need to be made to get way ahead in life, and usually it’s your personal life. Understand that I want to and have to do this for my own good.
There are many, many contributors on this blog that are doing exceptionally well, with a few boasting triple-digit YTD gains. I know who you guys are. In fact, I haven’t seen so many people with double and triple-digit gains in one location and for that, I am proud. That’s what’s so great about my “trading room” – a lot of people are support each other. If you’re new, don’t screw it up by burning the bridge with me before you even know who I am. I am real and I know my game inside and out. Don’t waste my time or the time of others here. If you do, you’re out of here, just like that. Know that I have even less patience now than I did before.
Now, I was featured in the July 19th Sunday Washington Post Magazine. I found out about it today. Washington, DC is my home, by the way. Here’s the link: http://pqasb.pqarchiver.com/washingtonpost/access/1794146211.html?dids=1794146211:1794146211&FMT=FT&FMTS=ABS:FT&fmac=42089525ea69d1a09e171384021326c4&date=Jul+19%2C+2009&author=TM+Shine&desc=Market+Driven
Some of you ask some dumbass questions. One goes like, “why are you blogging and stuff when you’re making ridiculous returns?” Perhaps, I actually do enjoy helping people. I change people’s lives. What’s the purpose of being on this earth if you don’t help others? Now listen, my #1 priority is to make serious money. Then, I like to share what I have with the world. Obviously, some people have no idea how to do that, probably because they are broke, ignorant and/or have no desire to help others. I pity the fool that doesn’t help their common man, nor has the desire to do so.
Some of you still wish for my downfall. Sorry, but I have enormous protective measures in place to prevent any sort of meltdown. I have a program that monitors my activities, set at specific parameters to sell everything if I do get out of control. So, for your own good, stop wishing, hoping, and praying that I fuck up. Instead, how about you go make some money or is that too difficult for you?
Remember that post where I totally jacked up that guy who tried to call me out? Here is the link to that for the newbies on the blog: http://ibankcoin.com/chart_addict/2009/08/20/important-matters-to-discuss-real-time-profitable-calls-sf-ms-real-3rd-party-auditing-michael-stokes-epic-failure-etc/. The return at that time on Thursday, August 20, 2009 was +208%. Right now, on September 11, 2009, it’s +333.69, so SHUT UP. If you have something to say, show me your returns, audited by an independent third-party, and if you’re worth it, then we’ll talk. Otherwise, GTFO of here.
In closing, it’s not all about the money. Once you have it, your focus shifts to other things. In fact, if I wanted to, I could just disappear from the internets and do my own thing. However, there is a greater satisfaction of knowing that I’ve helped hundreds, perhaps thousands of people, either directly or indirectly. I have hundreds of e-mails saved in m inbox labeled “testimonials” that can back that up. Just keep doing what I’ve taught you all, and you’ll be fine.
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Living well is the best revenge. +333% is kick ass. Congrats.
I, for one, am truly thankful for what you do. I am also in complete awe. I just hope you don’t let the naysayers run you out. You are helping way too many people. I have learned more from reading your blog (and all the other bloggers here) in the last 3 months than I did doing an MBA and working for 15 years.
Congratulations to all your WELL EARNED success, I will always be a big fan.
Oh, one more thing – have fun tonight!!
i recently started reading this blog + following you on twitter and you have made some ridiculous calls…. i have adapted my strategy to add more breakouts to the mix just by follow you, so for that, thank you
CA,
You kick ass. You motivate me to strive to be better, as I’m sure you do to others too.
Appreciate you sharing all your hardwork.
holy crap, i got a covestor a longg time ago and never used it. I found 1 person and decided to follow them. That one person was you. soo wierd. Im just now really setting up my covestor and i find that im following you. Gnarrr!
It’s always a pleasure reading your blog. Enjoy campus life.
“I like to share what I have with the world. Obviously, some people have no idea how to do that, probably because they …have no desire to help others.”
That hits it. Your psych prof will call it “projection”. People are different and have very different motivations, but tend to assume that others are motivated by the same things that they are.
One projection that I’ve heard more than once from the fine, kindly, and well-motivated women in my life goes something like this: “They shouldn’t put him to death, I want him to have to live the rest of his life knowing that he raped and murdered those people.”
NO! He doesn’t give a shit, he’s a murdering rapist!
Have fun CA as the BMOC. Enjoy campus, have fun, chase tail, get some strange, night after night. Thank you for all that you’ve done so far, I do admit I miss your more active postings, but you’ve shown me how to fish so I am now eating well. Hopefully right now some hoe is doing the walk of shame out of your pimp palace.
I cant believe you’re back in school when your so rich! I doubt any of that is real…. on covestor you can manually put in your trades. So you can trick the system, it’s not fool proof!
I call you a liar, good sir!
This is why you’re in my Common Application Personal Statement as “the experienced trader that taught me everything I know.”
I have you to thank for getting me into Technical Analysis and Swing Trading. For that, I am ridiculously grateful.
I SECOND THAT!! I WISH I knew about John at Your age Zmoose!! sigh~
Good for you CA. Enjoy school! I finished a 2nd master’s program just over a year ago, and so I know what it can be like trying to blog, trade, school, (and for me I’m married with 3 kids).
Anyway, I’m sure you will handle/manage everything just fine. Just like with trading, its all about discipline!
CA – Enjoy the journey. There’s nothing better.
CA, no need to defend yourself. Your results speak for themselves. Just ban the clueless people. They don’t deserve to participate. You have better things to do with your time.
My Gawd!!! … Folks, this statement by the Chart Addict is worth another read! Read this again, Folks!!:
“Some of you ask some dumbass questions. One goes like, “why are you blogging and stuff when you’re making ridiculous returns?” Perhaps, I actually do enjoy helping people. I change people’s lives. What’s the purpose of being on this earth if you don’t help others? Now listen, my #1 priority is to make serious money. Then, I like to share what I have with the world. Obviously, some people have no idea how to do that, probably because they are broke, ignorant and/or have no desire to help others. I pity the fool that doesn’t help their common man, nor has the desire to do so.”
The Chart Addict is a rare breed! Human beings like CA are born once out of a million births. CA does not have to give us the time of day. He is gifted, intelligent, hard-working, and wealthy. Folks, enjoy his posts on this blog while they last. Because, with a heart to help others as he possesses, CA is destined to move up to another level. The Chart Addict is one incredible dude.
CA, surrender to that fact that you are blessed with amazing abilities and a strong tenacity to achieve as few humans are able to match. I believe you have a special gift. Remain humble and thankful within yourself for that gift. This virtue will sustain you for a life time and bring fulfillment like no other material possession can do. However, continue to speak the truth to those that doubt you. Deception, jealousy, and Pride runs rampant. These three attack the emotions then distorts the mind so those doubters cannot think clearly. I’ve seen this happen over and over again in life and what a shame to witness such human destruction. Maybe you can shine a little light on their dark thoughts and give them hope.
Please excuse the length of this post … I got a little carried away but your blog above really blessed me.
Have a great weekend. Do all things in moderation. Hope to here from you next week intraday.
You’ve hit it on the head.
He’s 23 and he’s mature beyond his years.
But he’s still a kid, and when he shows the exhuberance of youth, it’s often construed by the bitter and envious as false pride.
If there’s anything I could convince him of, it would be that projection (nice encapsulation, Purdy) is their problem, not his.
One day, they will look back on their pettiness with shame.
That, I guarantee.
_____
Jake – Sometimes they never look back. Just think Barry Bonds vs. Derek Jeter. BTW, YES network is having a special with LT. I don’t know if you get it where you live, but I just saw a teaser and it looks good. 10 PM Eastern.
CA in trading is synonymous to Tiger Woods in golf. When Tiger is on-top-of-his-game Tiger is unbeatable (CA, you stay on top of your game and you are the best – #1) . Other golf professionals respect Tiger’s talents, accomplishments and consider it a learning experiences if they play with him (CA, a blog like yours does not get 100+ hits a day if traders were not here to learn something from the best). The professional golfers begin a golf tournament and most are playing for second place because they figure Tiger will win (CA, those they ridicule you are always trading in second place or worse). The leaders of a golf tournament are always checking the Leader Board to see Tiger’s position because he always poses a threat to win (CA , the only difference here is that those that ridicule you think they are winning but you always come out on top).
Hope to here from you next week.
please CA, don’t pay attention to this shit. I mean, I know you want to defend yourself but come on! don’t waste your time with these imbeciles. Fuckin haters. As mentioned above, so many people have learned and prospered from your teachings. That alone is proof in the pudding. You have directly helped me and indirectly help my friends, who I have taught what I have learned from you. Furthermore, just look at the traders in this blog. A GOOD number of them are right on point with there picks. And they owe it all to you.
Thank you and thanks to the others that post. Yes, I’ve made some money from them BUT I’ve fuckin learned like ten-fold ever since I found this blog.
CA is the shit………..simple.
Like the fly once posted- we have no idea how lucky we are to have CA take time to share his genius.
Jacques — love the avatar!
lol.
_____________
Congrats on going back to school. I always had to work when I was in school. I would have had so much fun if I would have just taken out loans for it. I plan to go back for an advanced degree in a year or two, this time with a financial buffer which will be in part based on my stock market winnings. You and several others on this blog have helped in this so thanks to you all. Happy trading and enjoy the classes and more importantly the social experience.
It’s been a while since I wrote an educational post.
Anyone have any ideas?
The following are always invaluable:
* Examples that show (graphically) before/after what made you enter and what made you exit a particular trade.
* Favorite entry/exit rules, patterns, criteria, etc.
* Criteria that you use to scan for your potential candidates.
I know you’ve covered some of this before in your previous tutorials but additional specifics and more real life examples always add a lot of value. Thanks.
One more:
* Your thoughts on using log v linear charts (when/why)
Hi CA,
I read your blog everyday though I never post. Your blog has helped me immensely with identifying potential breakouts.
But I think that a lot of your success it due to knowing when to exit a trade that isn’t working. You’ve said that you should always know when you buy a stock where you’re going to get out. I would appreciate if you would elaborate on this some more. I think a post talking about “exit strategies” would be beneficial.
In my personal experience I’m generally a good stock picker, and a make small but consistent amounts of money on say 5 trades but then there’s 1 trade where I hold a losing position too long or that drops too quickly that hurts my profits the most. My solution is to set tight stops on everything, and this works.
But it’s frustrating to see a stock dip and then take off as you initially expected. It would help if you could explain “when you get back into a stock that you got stopped out of” and “when it’s too late to chase a stock.”
Thanks for all your work. I appreciate the time you put into it immensely.
If I may be so bold and since you’re asking, I would second the request for an educational post on proper exit strategy. I also am not bad at picking and entries, but get massacred with the exit.
Thanks!
Maybe get outside the box and do a page on the RE market?
_______
CA –
If you could lend some guidance as to what you look for volume / momentum wise to establish an undeniable uptrend & (most importantly for me) when to realize that you missed the “wave” and should skip that particular stock.
I would like some education on ‘trading plans’. I am a swing trader and I tend to panic on those big down days. I get the trader psychology recommendations and am improving on selling losses early and letting positive trades run… but what about those abrupt down days when the whole market sells off….sell everything? sit tight? or add to position?
Did you just watch Good Will Hunting?
John’s my watermark. Anytime a bit of complacency sets in I read his stuff and it drives me to work harder. Competition is a good thing.
rock on CA… Forget 500%… let’s go for 1000% instead… indeud
23 yrs old?!! jesus….well done…
CA, I have a question that you’ve probably answered a dozen times so maybe someone can just give me a link or point me in the right direction….What are the critical software/trading platforms and programs that you use to monitor stocks during the day and make quick buys and sells? How are you so quick to react to the breakouts and movers? I’d love to sit over your shoulder and see your set up and watch you trade for an hour.
CVGI 5.70
Can anyone access to Ameritrade? I can’t log in
should be ok now…same issue…they suck…
ditto, I almost got screwed today because of not being able to log on… amtd sucks ass
Flag, /CL, 1 min
Glad I didn’t go through with this one
CA,
I must admit getting a bit riled with the lemmings comment. You have consistently made it clear that as a trader you must have your own process and plan.
The people who dispute your method and success really do not understand. Anyone familiar with parabolic moves in stocks, that without a doubt exist, sees the potential gain. You have fine-tuned a system to find these moves and trade them, adjusting your size accordingly. If the expected move doesn’t occur, you simply bail out and look for another. Do this enough times and you end up with incredible gains. That said, the process is very difficult on so many levels. I think your innate ability combined with years of focus and work set you apart from so many. It really doesn’t matter what anyone says. You’ve already won. YOU HAVE THE MONEY!
My thanks as always for your generosity. I have read through and printed out your educational posts—really the best stuff I have read so far—and I have read a fair amount. You write with clarity, efficiency
and style. I must admit that being totally into TA myself I certainly have a great affinity for your approach. I look forward to any additional insights you may have related to the psyche. Hope your prof makes it worthwhile for you. If not, psych class is always good for flirting.
I don’t know why “my comment is awaiting moderation” I think it was moderate enough. lol
MEXP – watch for break out – I disclose that I’ve already parked some money in this treasure hunter lotto ticket. Averaged in at about .10
anyone else see the sym tri on NAT GAS?
Nice reversal in MNI, AXL and CLWR running for me as well.
Bought CPST @ 1.55
OCLS still watching. Earnings 10/6
OCLS long
CPST new high
yrcw
sold half 4.33
XOMA looking better
VVUS looking like it may make the second run up after consolidating a few days…
In the last 15 mins, sold CPST @ 1.54…. and reentered @ 1.51… everybody was loaded up on this one, i think we cleared the weak hands
sppi
buying SPPI here
VVUS 11.48
Sold CPST @ 1.50
/NG short here with a tight stop
stopped – long
out
– 7 ticks first trade
+12 on reverse
DSCO at 1.05 looks imminent
long /CL for a move over $69
sold +.21
didn’t like volume
/CL sym tri – 1 minute chart on the day
short
cover 68.7 BE – back in tri
again – 68.5 will be tough to break
if it fails again – going long
out long 69.06
+20
always a really nice rip after a pattern failure on /CL
cover 68.65 + 6 tks
Bought IVAN @ 2.15
TZA 12.87
sold 12.83
Why didn’t I buy the PLLL last week? Now watching AHD
MRNA starting to break out of a base..has volume.
Bought more IVAN @ 2.16… 10% position now
RAD imminent
pnx
IVAN imminent!
pop on FEED
SQNM thinking about breaking from flat intraday base
feels like we make a stike at 1050 SPX into the close
playing it long crude oil…
IF we hit 1050 SPX, crude should eventually wake up – very solid support at 68.50. In from the last dip from what was going to be a scalp 68.68.
holding for more.
out 68.97
+29 ticks
favorite trade of the day
you’ve been nailing it lately… keep it comin!
careful of 3 o’clock pop with no follow-through
OCLS moving
OCLS $3.03
IVAN is a swing trade, adding again @ 2.22
Behold the prophecy!
1050 – well, pretty f-in close at least
I also predict airplane crashes and can guess your weight within 4 lbs. Available for bachelorette parties, bar mitzvahs, and corporate events. 4 hour minimum please.
CA,
how were the bars?
Oh the Uni days, how great they were!
Must be even greater for you, you actually have cash to spend!
Added DRYS @ $7.07 for a swing …. forgot to post trade earlier
You can’t put a price on an education. Enjoy!