Happy Halloween

Hey guys hope you have a happy halloween!! I know I am I just updates the statistics for OCT. We are running at 66 percent net gain!!! for this month. Sure made halloween a good day. Hopefully I can keep up with this stellar performance month after month. So I can actually have a happy thanksgiving and Christmas :)

I am planning to make a bar graph of showing statistics for every month net gain or should I have a chart let say 10k and show how much we can get by the end of the year? It would help rate if the site is useful or not and if not how can I make it better. It gives me a better view of seeing what I need to do to make the site better for all of us. Input replies really help to make this site better for viewers and I. And I will always try to answer this question at the best of my ability. If the plays are confusing ask question and I will fix it up.

I will post plays and picks later tonight thank you.

FED Rate Cut?

This is the moment I have been waiting for the catalyst that I needed and it has arrived. Even though they have not reached a conclusion of cutting rates or not but the expectation is really high. This is why it is a good time to day trade AMZN, BIDU, AAPL and etc. If you feel uneasy about the rate cut than you can sell it before market close, but the hype of rate cut will helped the market out today. I am still holding AFSI waiting for the rate cut or trade intraday with it. Will try to get amzn, bidu and aapl today for the cheapest price

AFSI trade

No plays for tomorrow. However, I am still holding AFSI and playing it tomorrow. A risky play but am looking for more profits. Going down on no news except earnings coming on NOV 8. Fed Rate cut still in favor. And also some indication of an uptrend.







*Note: Will try to continue to post as much however, my girlfriend is getting cranky because I am spending more time on stocks. This is also very time straining for me also, but will do my best to post up plays and picks

How to find the bottom

Due to people asking me how I determine when is the bottom and how I trade Please read the graph. This is 10/29/07 trade when I bought AFSI in the 13.60's. I notice the uptrend in the market this also helps me indicates that there should also be a bounce.

summary of 10/29/07

Rockets

TKR- .34%
STAR- 5.53%

Intraday
None of these price has been triggered except for BE. Down 4 cents.

Fade the Gap
The only stock that has gapped is CHRW. It gapped up and we shorted and it worked out well. gain of 2.96%

Expected rate cut? This is the time we are looking for. BIDU has gapped up a few points and I will see if there is a gap filled for it.

10/29/07

Rocket

TKR













STAR













Intraday

ETFC- 11.08
BE- 4.73
CTX- 26.48

Fade the Gap

CHRW, TEVA, CTXS

*Note about the fed rate cut, I would seriously be looking into that and if there is a rate cut I would buy more into aapl, amzn, bidu and etc strong fundamental companies.

Fading the Gap

A great trading Method by TRO
The way we will play this

1. When the stocks gaps up we will short this stock and vice-versa. When the stop gaps down we will buy.

2. We are looking for the gap to be filled. For example a stock that was 20.5 at the previous close and in the morning it gapped up in premarket to 22.40, we will short it. The gap filled price will be 20.5 however, we do not or ever wait for it to be filled we will take profit as much as we can. If it goes down to 21.4 we should already start to rake in profit even if the change is as low as ten cents.

3. The way we will enter our trigger price is the opening of the market or we can wait for the reversal candles. I prefer the reversal candles. ex such as green candles turn from red to green vice versa. I usually look at the 5 min candle for this setup.


This is the chart of CHRW on Nov 1, and Nov, 2. What is being shown is the 10 min chart. It shows how rapidly gap can be filled.









Note: Fade the Gap can be filled very fast sometimes as fast as within 5 min. The accuracy of this is usually 80 percent. Even if you make a dime for each share, it will come out nicely. I mean 80 percent of knowing you will get atleast a dime is fantastic. Remember to get practice with paper money first before entering with real money.

Statistics

October

Crash
Amd- 2%, Free- 16.41%, Amzn- 2.5%, Csun- 10.03%, Afsi- 12.24%

Rocket
Kmgb- 2.41%, Snta- 2.6%, Aapl- 8.9%, Amzn- 3.3% TKR- .34%
STAR- 5.53%

Intraday
Hov- 1%, Vc- 4.96%, Chs- 2.46%, Be- .75%

Fade The Gap

CHRW- 2.96%

Overall for October
net gain- 66.84%

*Note no stat for JMBA, BRLC and BIDU these are long term

Sad Jmba trade

Wow fortunately I sold 1/2 my position in the morning. Despite the good news and uptrend of the

market it couldn't bring this stock up. Took a few losses with it. Closed AMZN in the 90's

unfortunately was expecting a little more higher. which gained close to 3.3% in 2 days and 2.5%

from the short position. Total net gain of 5.8 percent from AMZN in 2 days. I am going to start

posting up all the trade statistics "gains and loses" within this past month and how much ROI we

ended up with at the end of October. This includes section of intradays and long/short term plays

only.

Do's and Don'ts

1. Always follow the trend of the market. Never go against it. If the news tells us that tech stocks for example are doing fairly well then we should long tech stocks that day and not short it no matter how overbought it is. Remember news usually last a day or so. We follow hype and trend then we can get rid of it as day end.

Note* Some of the time hype and trend can ignore technicals.

2. One of my favorite plays are earnings hype. If news are hyping a stock about their blowout earnings usually we should ride it that day from the hype (pump and dump). Usually sell it before the actual earnings come out. However, if you feel confident about it then I suggest you hold some of the position.
Examples (BIDU, AAPL, AMZN, MSFT) These are all earnings hype. All these stocks are trending up as their earnings were being reported that same evening. AMZN is a good example of why we need to release some of our holdings before earnings.

3. Basic rule NEVER and EVER try to catch a "falling knife". This means that when stock price is falling don't try to pinpoint the bottom unless you really know what you are doing. Some of the time I don't even know when it will bottom. It is also one of the most psychological things for inexperience traders to do. Most of the time we feel like wow this stock is "pretty cheap" at this price lets "hope" it will recover. No, there are many reasons why it's one of the biggest mistake. Some stocks do not recover at all, others recover but you will never know when. It is Vice-versa with shorts. Hope is useful in life but not in the market.

Intraday plays

The way we will trade this is that I will give a trigger price before the opening of the market.

These are the rules that Must be followed.

1. We will not trade if our trigger price has been gapped up during Premarket.

2. We will not enter our trade within 15 minute of the opening market. (price fluctuate a lot so we need to let it settle down).

3. Once we enter our entry price we will then put a tight stop loss of 2%.

4. When the price runs up high, sell some of your shares and let your profit run.

5. Remember to get rid of all the shares before the closing of the market. We do not want to hold it pass this day. If you want to hold it till the next day try to do with smaller amount of shares.

Method: Long and Short

Time to buy- Market opens

Time to sell- Advance traders look for HOD or LOD, other new traders should sell before market close.

The way we usually play Long and Shorts is that since we don't have target prices for them, we will buy in the morning. For new traders usually sell it near close of the market, however for more advance traders they usually find the best exit point to rake in the most profit.

For long and short information of how I do the percent, it is from morning to close of the market. This doesn't apply to the low of the day. Probably more advance traders can. However, I can give a good approximation close to High Of Day or Low Of Day, but it is hard for me to use this blogspot to help indicate when it is going to happen.

*The key to this trade is we usually find a stock that is good, however due to a drop of 10+ % in day 1 and a 5+% in day 2 with no news. This is a result of panic trading and heavily oversold, we are looking for the dead cat bounce on the third day.* Same for crash when it went up 10%+ in day 1 and 5%+ in day 2 we are shorting it on the third day.

Rocket- long
Crash- Short

10/26/07

One of my favorite long term stock that I had to load it up more today is JMBA loved the news :). Expect it to continue its uptrend tomorrow. Will sell some of it around tomorrow. Expecting a good market tomorrow from MSFT and will help jmba increase shoot up more. Can day trade this stock tomorrow or you can hold it for a short period. It has been oversold for quite a period. Best bet is to day trade if you are not a risk taker. I will sell some tomorrow and keep a good portion for a while.

amzn 10/25/2007

Note: I have fully closed my short account and went added more long because I expect news about housing to come soon. However the market is still unsure of whether it will go up from here or not. This is a risky trade to do now but I don't have the luxury of watching it all day. If I had the time I will.

The way to trade 10/25/07

After aapl remarkable earnings I am up 16 points which I currently sold after the news of AMZN that didn't blow the earnings expectation and went short AMZN in the morning of 10/24/07. However, I am still holding AMZN as of today and will look for tomorrow's market. Any news that can hinder the market going below such as housing, jobs , fed rates. All these are indicators and catalyst in the stock market. I am sorry I have been really busy these past week and haven't posted as much and the intraday picks. So for now, I am just going to go with the trend of the market since I am not able to look at the intraday quote as often.

Will be back with intraday picks within the upcoming days.
However, What I am holding right now is
Short AMZN- 89.47 120 shares
Long AMZN- 85.32 70 shares

Reason for this is because the market and unexciting blowout earnings from AMZN I short it. However it is typical that when this stock hits -16% I expected an intraday bounce and therefore it went back up at the close of the market 88.73. The reason I am short and long at this time is because tomorrow might be an interesting day. If there is any catalyst that the market will recover I will cover all my shares and go long and vice versa if market continue to drop I will sell my shares and short more. I am profiting from either direction.

10/22/07

The market seems to bounce back and I will go long on aapl right now and go with the hype of earnings coming out. We can ride it till the earnings comes out or we can hold it through the earnings because for the past 18 quarters it has beaten the streets expectation. In at 171.

note: this is not based on technicals.

Haven't posted this week because of the market. However, I shorted many stocks due to the oil price increase and had a return over 20 percents total from this past week of shorting. I will resume to buy more longs and shorts once the market correct itself

10/15/07

SNTA (2.6%) trade lose

Intraday
ACF- 20.16
KRY- 3.24

Note: remember to have stop loss at very tight stop I usually put 1-2% stop loss to minimize lost and maximize gain

10/12/07

Long
SNTA

10/11//07

Results for 10/11/07
Intraday
HOV- went up to high of 13 dollars for a 1%
VC- went up to high of 6.29 for 4.96%
PSUN- went above our target price didn't buy. Did really well though.
CHS- went up to the high of 15.89 for a 2.46%

Long
KMGB went down -2.41% (trade loss)

Short
FREE went down to 16.41%
CSUN went down to 10.03%

The way we usually play Long and Shorts is that since we don't have target prices for them, we will buy in the morning. For new traders usually sell it near close of the market, however for more advance traders they usually find the best exit point to rake in the most profit. For long and short information of how I do the percent, it is from morning to close of the market. This doesn't apply to the low of the day. Probably more advance traders can. However, I can give a good approximation close to High Of Day or Low Of Day, but it is hard for me to use this blogspot to help indicate when it is going to happen.

10/11/07

From the last trade AMD went down to 2% within the day. None of our day trade triggered. For the next day trade would be stocks and target prices for intraday.
Intraday
HOV- 12.87
VC-6.0
PSUN- 16.78
CHS- 15.45

Long
KMGB

Short
CSUN
FREE

Short trade

AMD has crossed and seems to be in the red tomorrow. Shorted at 13.63 no need for price target, we are going to trade this when it hits from green to red.

10/9/07

None of these stocks hit our price targets that we want for them. We will still keep MRVL at the same price 16.90 and with a new trade RACK at 14.50 and we will put tight stop loss once it hit our price targets. Once with profit we should reduce our position and put a tighter stop order.

Trade for 10/8/07

After screening some of the stocks there seems to be a breakout point for these 3 stocks MRVL, CHS, and WON. The way we will place an order for this if it hits these trigger prices.
MRVL- 16.90
CHS- 15.48
WON- 3.06
Once it hit these limit orders we will then put a very tight stop loss of 1-2% these trades are all intradays. Once with profit we should tighten up the profit and stop order.

A premarket trade will be BRLC, seems like it is bout to gap up during the premarket.

Past History

Bulldriven.blogspot.com was my old blogspot that I had for a short period of time. Due to my time constraint as an intern at Scottrade I was unable to post. Now that I have finished my term as an intern I have learned a lot from my mentors and brokers. I will teach new traders how to analyze and be able to read charts in the future.

Long Term

I know this site is mainly for day trading and very short term trading. However, good traders knows that they should diversify their portfolio. I have made over 40% ROI within 6 months and figured that I could be able to help some traders who are struggling with the market. Some of the Long Term stocks I have been holding since last month was BIDU when it is around 220's over 30% gain, JMBA at 6.73 (9% gain). While also BRLC at 6.4, as you can see it dropped to the 3's where I have averaged in the low 4's. With the average holding of 5.52(10% lost). These are all long term perspective and will sell accordingly due to any changes.