Still holding

I am still currently holding C, BIDU, and AAPL. AAPL has now been up more than 10+ percent for me and BIDU around 15% and C is a little over 4% as of now. Most of my money are tied down from these 3 stocks and I am going to try to milk these stock as much as possible. Might add a little more on C.

Total Portfolio Value - $286,903

Not day trading from this market. The market is ridiculously manipulated with absurd news that seems to continue with different aspect and perspective. We get the point that things for housing and credit card is not a good thing. But why does "news" such as CNBC keep repeating the same stuff but in a different way. This causes more panic/ fear of selling. But as Warren Buffet quote
"we gain greed from others fear" This gives us the opportunity to buy top notch stocks at a ridiculously low price.
Currently holding C @ 31.50. AAPL @ 172.40. Bidu @ 324.
Market is still uncertain for day trade. However, I might keep these stocks in a long term portfolio for now since Day trading isn't good until probably Dec.

Down with C but now I have moved it from my short term position to long term position so I didn't take the hit, only paper lose for now. I am still in AAPL, could've made easy 2 % but I rather stick to it for a little longer, probably till Christmas.

I could not believe how the market repeat the same old news about credit issues. They talk about this problem in so many different perspective that causes more fear. However, I am just holding onto these stock and the other one I think about getting back in is BIDU.

Play Nov 26

Intraday
BZH- 8.68
CCK- 24.50
TXRH- 12.46

Fade the Gap
CEPH
CHRW

Going to buy AAPL tomorrow for a short term till December.
Currently in C @ 31.50

Total Portfolio: $253,897

Trend has been set

I am now buying C. The trend has set and looking for more increase next week unless news hinders it. In @ 31.50.

Look for possible rally around the afternoon

The market had a huge drop in the morning so this gives us 2 possibilities to trade today. This trade should occur in the afternoon where the market will either rally up or drop down further. I predict it usually tell us everything around 1-2PM. However, as long as there is a rally expect high volatile stocks to go up with the market such as C, BIDU, AAPL, etc. If it doesn't rally there is a choice to short them, but I would never do it at this point because they are already oversold due to market news and concerns.

I shouldn't be trading, but it is such a nice setup and a good way to make profit so I am going to wait and buy those 3 stocks when the market rallies. If it doesn't, I will wait for another day or so where I hope the market stabilizes.

One good indicator for rally is when Dow shifts from -160 points to -100. This will give us a nice indicator and we should have these stocks on our watchlist. And if there is a rally I would buy it and put a nice tight stop loss for a good risk/reward ratio.

Happy Thanksgiving

Happy thanksgiving

Happy with my results for this month of November. Yea I am taking an early thanksgiving break but it is all worth it. Won't be trading during the break, feel like it is a good time to spend some of the money that has been raked in the month of Nov. Very early break. Will be trading again probably next week, however I will keep updating about stocks that is worthy in my portfolio. There are 3 stocks I am keeping an eye out for BIDU, AAPL, and my favorite C.

November results
Long
BIDU- 9%, AAPL-7%, C-6%

Crash
AMD- 9% XRAY- .65% YHOO- 7.14% SSCC- 9.26%, ATHR- 3.4%, NSTC- 4.5%, AAUK- 3%

Overall net gain- 52.95%

Total Portfolio Value- $253,897 (without commission)

Fade the Gap resulted (posted on fade the gap result)

Will update the graph and column bar some other time. Didn't do as well as last month, ending November early.

Recap of 11/20/07

Just covered on AMD @ 11.56 for a near 9% gain in two days. Was going to cover yesterday but I took and didn't cover. However, I had a tight stop loss so I won't lose much of my gains if it didn't work out well. It didn't hit my cover trigger so now I am standing at a 9% gain on AMD, will update my portfolio performance later tonight on all the gains/loses for November.

One of the Stock I am really interested is AAPL. It is holding in the 160's pretty well. Seems like it is bottoming there and with christmas coming next month, expect sells to boom. I am going to enter this stock soon.

11/19/07 play

Fade the GAP
CHRW
TEVA
CEPH

Intraday
ETFC- 5.62
TXRH- 12.46

Crash
AMD (very good candidate for shorting, hopefully no news will hinder it)

What is happening

The panic/fear of investors from more write down, weakening of the U.S dollars and etc brings us more money when we short stocks that are involved with this type of dilemma. Such as C, MER and financial companies are the victims of these news. This might actually lead to a sell off on Friday. If there is negative news that leads to more fear and panic about the market, I am shorting Mer, AAPL, BIDU, etc. Probably going to Intraday trade this or hold it for a day or two.

Reason I haven't posted any play lately is because we all know that the market is unsteady right now and if people are using charts and technicals at this time, they must be careful.

Quick gains

The pullback from panic sell has helped me gained a little over 20% in 2 days!!!. Bidu up for me at 9%, AAPL, 7% and C has helped me with 6%. Total of 22% gained. They are nice long term growth stocks however, I feel that swing trading and daytrading will make the most out of these stocks. Hoping for more falling prices in these stocks and hope to renter again for swing trades :). With the market being so uncertain it would be more wise to just observe which direction it would head into.

There is no system in the world that can be called the "Holy Grail" If there was one I am sure everyone would have known this and everyone would be making money. However, with indicators it shows a pattern that we can learn from it and predict what might happen in the upcoming days and with a good stop loss in place it makes it more better for risk/reward ratio in the market.

Making thousands of dollars a day would be very nice. Even making one or two hundred dollar per trade consistently can make a good sum of money.

Hot Picks of the week

The growing stocks that had been fairly oversold due to fear in the market are C, Bidu and AAPL. These are my 3 best stocks choice that I longed to get it cheap and it is the right time to get them. I will see how these picks will do in the coming week. Got into aapl at 162, Bidu 314 and also in C 35

Best Pick of the year?!

At the current market condition, I am pretty glad in a way that the market dropped because it gave me an opportunity to bottom fish some of the stocks thats I always wanted, but find the price a little too expensive to get in.
The market might be on a pullback from all the heavy selling. However, one of the best long term stock would be C, Citigroup. This stock has fallen from the 60's to the 30's in a week. One could say there was a great pullback.
I am not going to put a chart up for technical analysis because this is one of the stock I am going to hold on to for a while. Have 1000 shares into this for long term.
Love the dividends and risk/reward ratio. Would pop back to the low 40's or high 30's very soon. Short term traders can also benefit from this.

Would start to daytrade within this upcoming week

Market trend?

The way I see how the market is going is no longer based on technicals. The market is now running on it's course based on news and fear of what is happening to our economy. However, to be on the safe side I will trade less in this upcoming week and just observe when the market will stabilize itself. I never rush into a trade unless I know what I am doing.

However, as far as I am concerned my recap on gains for November is running shy of 30%. The reason why most of my trades are successful because I limit my loss with stop loss of the losing trade and let the winners run. I am hoping to get into a trade in this upcoming week.

Tips: Any more negative news will bring in more panic selling for most stocks. In most cases when market that has been run down more than 100+ points and doesn't recover around 2 PM it usually leads to more selling at the close. However, most of the selling has been done last week and I expect it should be bottoming and reverse.

Market Rally?

I am not going to post picks for friday because I have been really busy the past days and will be tomorrow. I found out the reason why AAUK shot up. It was a gold stock. One of the foolish trade I could have made when gold are going up. Tomorrow the market should be back on the green because there was a rally at the end of the close and I expect it to continue it's run if no more negative news are going to hinder it. I am not trading tomorrow and just observe what is going on with the market. Meaning the rally can be a fluke or more negative news will be flowing out.

Tips: For daytraders never ever feel like you have to trade stocks everyday or it is a must. If you think like you are just risking yourself to lose tons of money. Sometimes we have to sit back and relax and enjoy your day out of the market.

For those who took advantage of the weak market and shorted shares like BIDU, AMZN, GOOG, AAPL that I recommended it would have been a great day for you. I will be posting stocks and more plays during the weekend.

CSIQ sold at 14.03
Stopped out AAUK with 3% loss.

recaps of 11/8/07

CSIQ stopped out even, Covered. (lost only in commission/fees) Stop loss was triggered at the same entry price. Should have taken profit when I had the chance as it dipped in the morning.

AAUK is risky, but its the thing I like so I am having it run at 3 percent stop loss. It is a good risk/reward ratio.

However, shorting a stock that gained momentum of 5+ percent in premarket isn't usually the best idea. I still haven't found out what is the catalyst that drove these prices so high. Earnings or news leak? If there was news leak/ earnings (never go against it)

Note: currently long in CSIQ at 12.74 Volume is huge outbreak

11/8/07

Fade the Gap
The same four picks. Long or short by seeing if they which way they are going to gap.
CHRW, TEVA, ISRG, CTXS

Crash
These are the two stocks that is a good indicators to be short.
CSIQ, AAUK- risky

This site is for day trading purposes only and these picks are for you to confirm whether you think it is a good pick or good candidate to short or long these stocks.

If you are new to this blog check out the plays in the method section for better understanding of how I am trading my stocks/ picks

recaps of 11/7/07

Fade the Gap
CHRW gapped down, we buy. Ran to 47.36 for potential of $500/1000 shares
TEVA didn't really qualify as a move in premarket.
ISRG gapped down, we buy. Ran to 320.50 for potential of $1000/1000 shares
CTXS gapped down, we buy. Ran to 43.86 for potential of $240/1000 shares

Crash
YHOO- 7.14% gain covered
XRAY- .65% gain covered

Update- Covered SSCC today and ATHR
SSCC in 3 days gain of 9.26%
ATHR in 3 days gain of 3.4%

Covered before 2PM. This is when the rally for the close begins. If the market gains momentum before close we will lose some of our profits. However, if the market doesn't seem to be improving expect more sellout by the end of the day. Risk I am not willing to take. Happy with the gains already.

11/7/07

Fade the Gap
CHRW
ISRG
TEVA
CTXS

Crash
YHOO
XRAY
Note: If profitable cover it. Might expect an afternoon pullback. Use the trend of the market as a guideline for your next move. ( protective stop loss is always required)
These are some stock pick for tomorrow.

11/6/07

FADE the GAP
CHRW open at 47.15 means it gap down so we buy it ran to 47.62 for potential gain of $470/1000

ISRG gapped up we short, right now it is running down at 2 points for profits $2730/1000 shares

TEVA gapped up we short, running at the market open price $0/1000shares

CTXS gapped up we short, running down for also profits. $440/1000 shares

We are all out on these position and no longer holding anything, Fade the gap is over. Raked in the profit and we leave. In and out in 20 min and we raked over couple of hundred before 10 a.m

Intraday

Both stocks have hit our price target but was nulled because PEIX target price has been hit in the first 15 min of the market open and the other one gapped above our entry price so it is also nulled.

UPDATE
Crash
at 4.5% gain choose to cover or stay it with is at your own risk now

11/6/07

Crash
NSTC

Intraday
PEIX - 8.11
PQ- 13.04

Fade the Gap
CHRW
TEVA
ISRG
CTXS

Only play fade if they have either gap up or gap down tomorrow.

summary of 11/05/07

Intraday
None of our intraday price has been triggered

Fade the Gap
CHRW buy since it gapped down and had a running potential gain of $700 per 1000 shares.

Crash
SSCC gain of 1.67%
ATHR gain of 1.94%
We will keep SSCC and ATHR in our watchlist because I expect it to go down more in the following week. Taking a risky play here instead of taking profits and move on I am being greedy and expect to milk more out of this stock. Trend to look good in my favor. Will see what happen in 3 days.

11/5/07

Intraday Plays

AEIS- 16.67
CVTX- 10.55

Fade The Gap

CHRW

Crash (I modified this don't know for the better or worse, we will see)

SSCC

ATHR

My new goal

My new goal is to find out how long will it takes for the 100,000 we are starting off to reach a million. This is the race to the riches :). I know for a fact that some of the months we might have some negative results compared to October but I will always limit that possibilities. This new goal would come out to be 1000% net gain. 1 MILL and we are off.

Fade the Gap Results

Stock-------- DATE -------------Potential gain/per 1000 shares

CHRW ------- 10/29/07 ---------$1356/1000
CHRW --------11/1/07 ----------$830/1000
CHRW --------11/2/07 ----------$500/1000
CHRW---------11/16/07---------$470/1000
ISRG----------11/16/07---------$2730/1000
CTXS----------11/16/07---------$440/1000
CHRW---------11/19/07---------$140/1000
TEVA---------11/19/07----------$1240/1000

Results

Results
We will start with $100,000 investment for trading and will see how we will do with it in about a year.
Note: This is without commission/fees

11/1/07

Intraday

CWTR- 9.01

Fade the Gap

CHRW short if gap up and buy if gap down