Author Archives: Stock Trade Journal

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.

Two Decent Setups

US Steel (X) and Freeport McMoran (FCX) have been building bases for a few months and are poised to continue higher. Looking at the charts X offers the most upside potential and a good reward vs. risk setup with a … Continue reading

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TLT looking tired

It looks like TLT is forming a topping pattern that could breakdown in the next few days. I have a short position in TLT via TBT. My target is $106 – $104

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Next few days are key

The market has been showing strength for the past month and is reaching a critical supply level here. However, there are a few stocks that have been showing signs of accumulation and are poised for a breakout. Continue reading

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A Couple of Setups

With all the news out of Europe, the market is having a hard time finding direction. I am currently looking at GLD and SLV as their price action is forming clear patterns that are about to resolve one way or another. Continue reading

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When not to trade

I find that remaining on the sidelines is just as important as identifying trading opportunities. I often follow a very simple strategy in volatile markets that keeps me out of trouble. Continue reading

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Think Nimble

The price expansion continues as shown by the ATR line. The key here has been to stay nimble -even intraday- and to establish positions once a trend is establish for the day. Continue reading

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Out of the sidelines

I have been in the sidelines for a couple of months now trying to stay away from the chop. Oversold opportunities are begining to apear again and I am ready to put in some day trades. Continue reading

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Mean reversion in play again

The same playbook that worked so well last month is playing out again. Quite a lot of parabolic moves appear to have climaxed last week. Last week I traded TBT to short the parabolic move in TLT and BTU and ACI on the long side. Continue reading

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Now just manage your winning trades

Stop loss orders not only help traders minimize losses, but they also weed out the weakest stocks. In previous posts I outlined trades of oversold / mean-reversion opportunities I saw in the market. Most of them have turned out profitable … Continue reading

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Trading plans don’t work forever.

One of the biggest challenges traders face is not letting emotions affect their decisions. It is very important (and often times difficult) to remain objective when reading price action. In my case, having well defined entry and exit rules help me stay the course. Continue reading

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