iBankCoin
Joined Nov 29, 2008
329 Blog Posts

FOLLOW ME!

I played too much crap last year. There’s no way I can compile everything and I just said “F it” after analyzing a few months. Then, I realized that I should make all of y’all go through my archives and I can go travel around the Mid-Atlantic. If you followed me for a while, there is no way you should forget my plays. Yes, 2009 was truly an epic year.

I remember that from January till March, I focused more on macro direction plays and heavily used breadth alongside my usual charts. I also saw how much I cussed in the first half of the year so I made an effort to clean that up. I also saw that the first half of the year was full of haters, and my results for the entire year shut them up completely. Here are a few of the haters back then in January alone (quite amusing):

12345

April 11th was when I first started sharing one of my portfolios (when I went to Cancun). I had stuff like FEED, SIRI, and solars. I made over 8% when I got back from vacation. April 13th was when J0sh1ngUbecame the first persistent hater. That quickly ended with him burning in flames:

josh1
Now, April 22nd when the first time I actually made a live, real-time trade (which was in CAR). I made 20% the next day. This started everything, and shortly after, the dollar stock circus lasted for the next 4-5 months and everything else is history. After that, I focused on more liquid, higher priced stocks. A part of trading is realizing when to abandon a strategy and to go with another one.

firstrealtimetrade
I realized that I had no desire to look into the past. I am looking forward, here in 2010, ready to do some more damage. I stated that my goal in 2010 was to make 400% and I have already planned it out. Have you?

I am still unsure of what the intermediate-term holds, therefore, I will stick with the higher priced, more liquid stocks, the pre-market gaps, parabolic movers, long/short exhaustion plays, etc. (the ‘specialized’ trades). I am not interested in the general movement of the market unless volatility comes back in full force.

My goal in January is to lock in a double-digit portfolio gain for the first month, and then build up on it. Nothing is worse than having a crappy first month, so I encourage everyone to do their very best this month. This way, you have a buffer against any future potential drawdowns. It’s important to have this buffer, due to unforeseen circumstances.

My show, “Charts Gone Wild“, is becoming more and more popular and if you read my blog, then you should tune into Stocktwits.tv every Tuesday nights at 10PM EST. The folks over at Stocktwits really made me happy with the new upgrades and I can assure you that you will not be disappointed.

There is a statue in Ft. Benning called “Follow Me“, the location of the Army’s infantry school. It is the motto of the U.S. Army Infantry. Stay with me and I will continue to lead you into 2010.

fm

If you enjoy the content at iBankCoin, please follow us on Twitter

38 comments

  1. Common Garden Slug
    Common Garden Slug

    Oddly enough, I’ve made some of the same decisions in the last couple of weeks. My changes include: larger positions (I know), bigger stocks, and watching for fewer setups. I was trying to do too many things at once.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. ForbiddenStyle

    So what was the final tally for ’09 % gains?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. DannyCali

    STEC

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. The Chart Addict

    Bought $STEC 17.88

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. The Chart Addict

    Sold $STEC 17.89

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Purdy

    ahd dar gte

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. mhass33

    hey guys, trying to start learning about charting. currently reading stan weinstein’s “secrets to profiting in bull and bear markets”

    not to waste your time but what do you think of the charts for KCP and AATI. i know they lack volume but seem like they might be worth watching. just want to see if my eye is getting better

    thanks

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • mhass33

      also XTEX (a lot better, found this one last week)

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Mike

        What time frame were you considering?

        On low volume: If you are looking at a short time frame (daytrading like most here) then I would avoid the stocks you mentioned, liquidity is always important. Keep in mind that in order for you to buy or sell a stock someone else must be willing to take the other side of the trade. If a chart turns bad, you want plenty of scrubs around to help you get out before you bleed too much cash. If an illiquid stock suddenly tanks on news, it’s very easy to see your 20% gain go negative before buyers come into the market in enough force to fill your sell order. Also, chart patterns only work because they represent the average of human emotion; the more people you have watching a stock, the more valid and predictable the the conclusions you glean will be.

        Sorry for the diatribe, welcome. 🙂

        • 0
        • 0
        • 0 Deem this to be "Fake News"
    • The Chart Addict

      they’re alright

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  8. momoboy

    SQNM mini spike

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. charlie

    CA, did you spend some time in the service?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. momoboy

    DDSS cup and handle

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. momoboy

    ATHX spike

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. ZMoose

    Time to get it goin’ for 2010 boss hog – been following & saying “fuck the haters” with you since Day 1.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. The Chart Addict

    I am taking report requests in the PPT and charting requests on twitter.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. The Chart Addict addict
    The Chart Addict addict

    happy new year CA…and all!

    anybody know where “retox” went, aint seen him in days…weeks. loved his futures insight

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Purdy

    SLXP at 27.52

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. momoboy

    SQNM

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Purdy

    mtg at 6.38

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Purdy

    ABAT at 4.17

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Purdy

    kfn at 6.54

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. Mike

    Keep an eye on /CL, specifically a break above trendline from ~9:00 to present (30-75 tick move)

    in 81.62; watching this one closely, a pullback to breakout levels in the high 50s would not be unusual

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Purdy

    WPRT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. Purdy

    sold MOS swing

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. ESWannabe

    Anybody care to share retox’s email id????

    • 0
    • 0
    • 0 Deem this to be "Fake News"