Market was down more than 1 percent on the Friday. But there is no fear and major damage so far. People are optimistic for the market even though the US employment data was reported below expected on Friday. I am also optimistic even though my 401k was down 1 percent also. I feel this should be a good dip buying opportunity. The market could dip even more early next week, but I feel it will come back.
So far I am holding three positions, BWLD, CRUS and LCC. There first two are under water for around 3 percent, which I bought on Thursday hoping for a follow through break out. I do not worry too much for the first two, as they are having good fundamental and charts are in consolidating mode. When market is good, they will break out.
LCC is a good trade so far. I was up 4 percent intraday, but the profit faded. Hopefully I can see continuing upside in LCC.
Sunday, July 8, 2012
Friday, July 6, 2012
TNA method from BH
http://fivetrades.blogspot.com/2012/06/tna-method.html?m=1
BH introduced a TNA method, which is discussed in Stockbee forum in the past year. Based on the previous performance, it is a reliable method to trade TNA and timing entry for 401k.
BH introduced a TNA method, which is discussed in Stockbee forum in the past year. Based on the previous performance, it is a reliable method to trade TNA and timing entry for 401k.
Wednesday, July 4, 2012
新人必看书籍 trading books from Mitbbs
TA方面的书籍这本非常不错，请你至少看3遍，网上有PDF.
《Technical analysis of the financial markets》
FA这本不错，网上也有PDF:
《Intermarket Analysis - Profiting from Global Market Relationships》
其他书籍及阅读资料：
http://www.maofou.com/ （中文网站）
http://traders-library.com/download/ （英文PDF书籍）
The above links contains tons of trading books. I even find the pdf file for the classical market breadth book written by Greg Morris. Super nice finding today.
《Technical analysis of the financial markets》
FA这本不错，网上也有PDF:
《Intermarket Analysis - Profiting from Global Market Relationships》
其他书籍及阅读资料：
http://www.maofou.com/ （中文网站）
http://traders-library.com/download/ （英文PDF书籍）
The above links contains tons of trading books. I even find the pdf file for the classical market breadth book written by Greg Morris. Super nice finding today.
Back for trading
My trading activities were very limited from May due to the market behavior. On June, I only made three trades. All the three trades were losing trades, which I stopped out next day, then were up 10 percent in the next two or three days. I felt the market were in some range and not very tradable for person like me with a full time job.
Now we are in July. Market starts showing the consistent buying in the past few days. The market breadth is dramatically impoving from April. Now it is a good time to trade for breakout setup, look for good intermediate term investment opportunities.
I moved my 401k into funds instead of cash on July 2nd. I will look for trading for setup.
Happy July 4th.
Now we are in July. Market starts showing the consistent buying in the past few days. The market breadth is dramatically impoving from April. Now it is a good time to trade for breakout setup, look for good intermediate term investment opportunities.
I moved my 401k into funds instead of cash on July 2nd. I will look for trading for setup.
Happy July 4th.
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