[Metastockusers] ***** Performance Of My Picks For Monday : 01/10/2005. *****, MetaStock Email Archive

***** Performance of my picks for Monday, 01/10/2005. ***** Trades Entered into : Longs : CMCSA : in at $33.00, Position Still Open. Closed at $33.23. // JOE : in at $62.50 Out at $64.00, Position Closed. or $1.50 a Share Profit. Thats A Profit of 2% +++. // PPC : in at $30.50 Out at $32.95. Thats a Profit of $2.45 A Share. Or : 8% +++++ Profit. //// ***** Swing Trades : Entered : RFMD : in at 10:00 am Long :at $5.60 & Out at $5.85, Thats a Profit of $ 0.25 Per Share, Or : 4% ++++ Profit. // WWCA : in at 10:00 am Long : at $37.50 Out at $38.00. That is a $0.50 Per Share Profit. Or : a little over : 1% ++ Profit. ******* No Shorts Were Entered Today Although I was Tempted to enter a Short on : GM I did not for Several Reasons. #1) GM is Close to its 52 Week Low. However that was not the main Reason. #2 ) It seem to Lack Velocity or Speed. I did not see enough sellers on my Level-2 Screen to Warrant the Trade.// & Our Long Position on HPQ from Last Week is Open, I am up Fractionally, however HPQ Did Not Move Today. Still Holding HPQ, & Waiting for an up Serge ! Come on Up Surge ! ** The Rest Of the Picks List Was Not Entered. Remember we use the Picks List as a Refined Watch List. By This I mean that you only enter Trades when the " Risk (vs) Reward Ratio is in Your Favor. Next you want to Confirm that the Stock is Trending in the Direction of the Pick. & Remember The Wait until at Least 10:00 am, rule before entering into any trades. Next Always Use Trailing Stop Loss Orders for Added Protection. Yes Even Though you are watching the Stocks Live on a Level -2 Screen. & again watch for the Balance Between Buyers & Sellers, Watch The MM's & WATCH THE SPREAD On THE BID & ASKED PRICE. if the Spread is Narrowing that is Good on Longs we want the Price Close to or at the Asked. & The Price Should Be Trending up. However Watch on a Technical Analysis Chart if the Price is Rising to Fast (ie) STEEP, Then USE CAUTION or Avoid. This is because a Fast Steep Price Can not Be Maintained. Now in Day Trading we Want Velocity or Speed Just not a Ton of it. Think about a Runner Running up Hill, the Faster he Runs up the Hill The STEEPER the HILL & the Sooner the Runner Tires. However on a nice incline not too Steep that same runner Running at a Slower Pace can maintain that Pace much Longer. That piece of Advice is WORTH about $ 2,000.00 Since I Know Many Day Trading Seminars Teach this or a Similar Theory. & If You Went on to Achieve a Masters in Finance then you paid Several X that. For that Information. REMEMBER That DAY TRADING & SWING TRADING HAVE MORE Risk Than Longer Term Investing. So Only Allocate a Small Portion of Your Over Portfolio to this Strategy. Next Know Your Financial Goals & Objectives & Risk Tolerance as well as Time Horizon, Tax Bracket & Tax Implications of Day Trading in a Non Qualified Account. PICKS ARE For Paper Trading Only. Entertainment Purposes. : Look at today's original Picks Message & at The Bottom I have included some BOOKS I Recommend, on Day Trading. *** Take Care & May You Have A Prosperous Week. *** ~ Bill ~ Link: http://www.groups.yahoo.com/group/AAQuants/join : Join Now & Be On Your Way To Becoming More Market Savvy Today ! _____________________________________________________________________________