I haven't traded the last couple of sessions because I have been trying to come to a conclusion on why I haven't been able to make any money in this wild and crazy market. I don't know the reasoning why I bought this book, but I did. The book that I bought was, "Trading in the Zone" it is an excellent book about the psychology of trading and about knowing your trading strategy. I am about half way done with the book and I feel like every chapter is written just for me. It is an amazing read... Read Full Story

It's been a while since I last posted on the website. I have been extremely busy, my sister was married over the weekend and I am done with school for a little while. I am probably not going to be able to trade tomorrow because I have to work the morning shift out at my work, unless I can sneak on the Internet and trade without nobody knowing. I ma going to detail the blog a little better this week and have been thinking about re-doing the website and buying a domain name. Will have to wait... Read Full Story

I started reading Trading in the aone, last night and all I can say is that this book was written specifically for me. I am in a slump and need to get out. This book is all about the psychology that lies between a traders ears. I don't think that I am going to trade at all until I get this book read because it seems so true that the author is saying. My portfolio is tiny and my confidence is shot, but I am learning and haven't quit. If I trade at all it is because it is a perfect setup and I... Read Full Story

TMY bought 2000 shares at .61/cent. It is a very Volatile play, as I think that it will follow yesterdays pattern with a little less volume then yesterday. I Will watch it closely to cut my losses if it falls quick, I may just put in a stop loss, that way I am for sure getting out of my position. UPDATE: TMY, I finally learned to cut my losses, I ended up selling 1100 shares at .56/cents and the remaining 900 at .55/cents nice $110 loss, oh well at least I am learning to cut my losses as... Read Full Story

I am working the late shift at work and have found a couple of potential plays, SYNM-very bullish chart moving, good looking chart, I had resistance at $1.20, but broke through that on Monday. It was up yesterday, but it closed on the decline. SYNM is in the natural gas industry (Boone Pickens said this is the next big play with gas going so high). Watch this closely, if it shows any sign of life in the morning market, you can definitely count me in on this bad boy. EXTR- Put this on your... Read Full Story

WOW, it is not very often I go an entire day watching the market and not even make a single trade. I sat on my hands and watched the markets as nothing really special happened. My only play tha I tried to play was GRIN, but you can read my previous post to see what happened with that. I watched TMY spike, fall and then spike again. I thought about buying a 1000 shares of TMY when it was up only .10/cents, but I didn't like my risk/reward on this one. I should have entered my position, but I... Read Full Story

I entered my position to short GRIN this morning due to the morning spike of almost .40/cents. SOGO rejected me in my position and said that it isn't in there short list anymore. Grin then dropped all the way down to .97/cents. I could be up over $200 if SOGO hadn't removed GRIN from there list, it stings a little. Anyways, I am looking for some potential plays this morning, I just about shorted MXC this morning when it was up .60/cents, but didn't. i didn't want to get caught in this one... Read Full Story

Gain: $140/GRIN LOSS:None Portfolio Value: $1695 Its about time I finally make some money in this market. I had been watching FMCM this morning, but it didn't look good at all. I began scanning for good potential plays and saw that GRIN had risen over 100+% on Friday on news that they were getting a new CEO, yeah that is some decent news, but the CEO is the former CFO. I have been reading a couple of books on Technical Analysis and played this one using the MACD and 20 day MA. As it turned... Read Full Story

FCMC, The stock tanked right as soon as the market opened, I have a limit order of 1000 shares at $1.03, One lesson I have learned from trading, when there is a large gap between the bid and the ask price you need to use a limit order, otherwise you will usually get the worse price! I have found that out the hard way. I am going to watch this stock because on last Thursday it did the exact same thing when the market opened, It fell and then rebound up about .15/cents. I am going to be... Read Full Story

I have been researching for that one stock that is going to help me get my portfolio back on track and I think I may have found it. The golden stock is (HOPEFULLY): Franklin Credit Management (FCMC) FCMC engages in the acquisition, servicing, and resolution of residential mortgage loans and real estate assets. There are three reasons why this stock looks so attractive: 1: Chart, look at the resistance here in the chart. The stocks average volume for the last 90 days have been 16K shares and... Read Full Story