Trading Plan and Rules

I have been getting tons of questions related to my trading plans/rules. Here is a post from John C Lee 20 Trading Rules / 20 Trading Plan.

I suggest you print out a copy and highlight those you are having trouble with to remind yourself everyday.

PENNY STOCK (WARNING RISKY BUSINESS)

Ok yeah penny stock you think i'm crazy right? However, if you guys saw VRMQL <== went from $.015 to $16.90 within a month.. So a $500 bucks at .05 would turn into $160,000 today haha..

Anyways I just want to show you a very interesting penny stock chart. (super bullish based on technicals)

HAPPY FRIDAY FOLKS!!

100 GREATEST HITS OF YOUTUBE

MDOR setups

SPX update

Nice bounce from the 50day MA area this morning.

Covered STEC this morning

As predicted the stock gapped down to my target (See 9/30 premarket post) before moving up.

SPX MACD to watch!

Watch this video to get a better idea how Divergence works.

Bell rang: DING DING DING SPX update

I will update charts tonight! Hope you guys made some money on the short side today!

ECON DATA tomorrow!

I covered half of my STEC (with serious gains) and keeping my BAC shorts overnight.

We have Employment Situation at 8:30AM ET and Factory orders at 10:00AM ET tomorrow.

Again I don't want to be caught in between these econ data. Market is at a critical level. Keep your powder dry folks!

SPX update

Intraday update

The reason why I gave you guys a LONG and SHORT list two days ago because I sense that the market was at a make or break point. And by having a LONG and SHORT is so that I am ready for either direction of the market. Obviously, right now the market is going down and my short plays are doing very well.


Take a look at my long and short list here.

Remain in cash!

Again I have notice that there are not many gap up plays since Monday! For you day traders out there. Staying in cash overnight in the current market is not a bad idea. Let the market show us a direction.

Play it safe folks!!

LONG and SHORT setups to watch

LONG

LOOP


CAST


GAP


TLB


WNC


SHORT

SAFM


PMC


COGT


STEC

Watch list:

wnc heat blc gkk paet qtm tiv nsit lcav nxtm hzo sr ctfo

9/30
SHORT stec pmc cogt ehth safm sai LONG htds cast loop wnc gap tlb tnc kndl the

CASH IS KING!

IN CASH tonight! I do not see any high probability gap up plays.

PAET intraday

Watch for $3.72 breakout.

QTM intraday update

Watch out for $QTM $1.29 breakout.

BLDP intraday

IGC intraday update

Draw these line on your charts if you are still in $IGC. Huge interest in the stock this morning, so watch for secondary breakout.

OIL AND GOLD Technical Analysis!

One of the best Technical analysis video about Gold and Oil I have seen. For those of you who want an quick update on Oil and Gold (also a great eduacational video about TA), then these videos are for you.

For OIL.

For Gold.

Overnight positions chart updates

CYTX


CYTK


BUSE


BLDP


IGC

BIDU~ BYE DUDE(I AM BACK HOME)!!

Even with a strong stock market rally in 2009; many are still suffering a -30% loss from 2007 PEAK and would settle for a break even. However, for those $BIDU holders, congratulations your patience paid off.

SCAN SCAN SCAN!!~!

Yes it's Sunday but using Smart Scan from Market Club. Looking for good picks can not be easier. Look what I found: $VISN.



As soon as I saw the setups through Smart Scan I immediately pulled out a 1 year chart and this is what I see. (See chart below)



NOW NEXT WEEK FOCUS ON THIS STOCK!! YOU GUYS BETTER MAKE MONEY OFF IT!