Respect risk - "when in doubts - get out"

Not much to say, oil and gold edged up as expected.
If you are long on the margin - monitor positions closely.

Few quickies
Long: NENG (1.89) ASIA TXRH RLRN WMAR ACTS PCTI
Shorts: Today WAS a good day to go short, well - look at VIP tomorrow

Looks like home builders has buttomed ( TOL KBH LEN )

Will we see selloff this week?

According to Stock Traders Almanac week after Triple Witching is miserable, well, so far this year nothing works according to history, will live will see

short: AEOS TTEC CLDN STLD 52.45 VRTX FLSH CTSH CRS OMN FIX MDR ? CBE KEM CMC FMCN ACTG HOLX? LDSH HWAY?

long: OO BUF IFOX CYBS IMMR PCTI AXTI DGII RMIX ELOS DUSA RRA? GTI? HNI KNL UCFC IMGN

Game plan for tomorrow...

Since one might expect heavy volatile trading due to triple witching ( will we be saying - quadruple soon? ) here is what I would do:

At 11AM whatever optionable short candidates I have lined up if I'd see those going up on heavier then normal volume - I'd short them at this point, the nice thing about doing that is that by 12 noon I'd know if I made a mistake :)

New ideas:
long: SYGR BUF
short: AH FWLT FIX DLB VRTX F AKAM FMCN

Tipple witching - feels like it...

Decided to take a break from the market this week and to set aside some cash for good short setups, but could not stay away from the charts, so here some ideas for you - market warriors!

short: NSR (if it'll go back up to 29 and goes down after that )
ITT
FMCN ( could be a quick ride in the down market to 51 and if it breaks res. - much further down )
AKAM

Long: ASIA AVCI BKI ISIG ( 2 risky ones IMGN and AVGN - use very tight stops, with these I'd rather reopen position multiple times if I like it then get caught holding the bag - it'll be heavy -commit small amounts if any )

Small biopharma shakes off generic drug fears

We are not talking PFE ( thou it recovered nicely )
Quick money are been made in VPHM profiled as long on Aug 22nd
From August 23rd to Aug 29 it ringed in 24% profit in 6 days

Grazy to be short energy?...

I recall that is how "they" called Edison..
Meanwhile, take a look at BTU chart (which was profiled as a short on August 21st along with some metal stocks)
If you opened short position on August 22nd, by now it translates into hefty 22% profit in a little over 2 weeks

"Addicted to love"

Do you know that most famous traders had miserable personal live?
Is that because instead of been "addicted to love" they've been "addicted to market"?

Take today's list with a grain of salt, I did not have nearly enough time to validate my ideas

Short: MCHP SUNH GPC RSG GGG LAZ MNST DRI MGM

Long: AVCI, PRFT, IFOX, LTBG, UCTT, PCTI, PBH, TOPP (?), ALTH (?), QDEL (?), AVGN ( IF it pulls back some )

Use position sizing, risk control - we are in the murky waters now - don't be like

For the latest market view visit Trade Guild blog

"They" call it "profit taking"?..

How about "selling before September gone too far with FEDs meeting coming up and warning season upon us aided by "worse then expected" earnings.. What was that?.. Looks like "party during the plague" is coming to an end? But don't worry - on a long run stocks always go up, except for those which never ever do after they fall. Enough mumbling - are here new lists - and PLEASE - scrap prior ones ( unless you still at the profit ).

for short positions - look for the open, short into the strenth,
for long - take you time - you'll get your chance till the end of this week.

Long: NHWK, FXEN ( Polish cos. - long shot ), BUF, ATHR (?),LMNX ( my favorite -18.67?), AXTI, AMRN, DPM (right - gaz, oil is out of favor ), GIGM ( for risk takers), ILE, IRBT, MTEX, OLED (?), ZZ, MED (8.96 for quick pop), NMTI ( on pullback)

Short: GPRO, GEL, HWAY, OPLK, RGA, CHAP, CRS, CX, FLR, HAL, GSF, ISIL, MSTR and CTSH ( puts may be the way to go ), RIMM (?), TFSM (?)

Prosper

Not the best month...

That is why you see short candidates first

short: IDA, NST, NTST, GEL, VOL ( Great pick by BullTrapper of Trade Guild blog profiled on 3rd week of August) , ODFL

long: AIQ, NHWK, SUF, NXG (don't rush in - look for a good entry), NAK, PLLL

Tested and true rules of successful trader.

• Trade for PROFIT, not for material desire


• Learn to lose


• Don't trade on tips!


• If you "cold" - ease up or take a break - Do not "revenge" trade


• Never turn a trade into investment. ( If trade did not work the way you expected :) )
  Sell if the reason why you opened position is no longer there - keep a journal - when you found candidate, what was the reason for a trade, follow your trade constantly ( According to your trading style ) There is no such thing as "Set it and Forget it"!


• There are no "PAPER losses" - all paper losses are REAL.


• There are no "PAPER gains" - all paper gains are NOT REAL


• Cut losses from trade price at 6-8% - NO exceptions.


• When in doubt, get out!


• Do not risk more then %2 of total portfolio value on a single trade.
  


• Don't put good money after bad - never average down, only up!


• Have a good reason to enter the trade - do not trade just because you can.


• Don't try to catch a "Falling Knife" (don't buy a stock only because it looks cheap )


• Don't SHORT the stock only because it looks too "expensive" to you.


• Do not trade more then 7-10 positions (long and short together )


• Do not fight the tape - most stocks move in the direction of the market. (Would you fight a car driving a bike? - Did not think so...)


• Sell laggards - it is not enough not to lose money - objective is to MAKE money. ( I sell if within a week price action does not confirm my expectations, if nothing else changed )
  


• Let your winners run ( and never give up more the 1/3 of your profits )


• If profit on the stock more then %8-10, place protective stop to keep at least 2/3 !!!


• Do homework, find the very BEST candidates and trade SECOND best - what is obvious to you is been obvious to a lot of other people before you.


• If stock is making new 52wh - and no added volume - don't put your money in it or even start thinking about shorting it


• Do not chase the stock!