28th Sept 2011– Pattern Study - Don’t own it just because it is FREE.

Ticker:

 

1. FREE

 

Topic:

 

1. Sometime when it is FREE, you don’t even want o own it.

 

Lesson Learnt:

 

1. Don't buy just because it is cheap!
2. Buy only when the chart tell you to do so.

 

Intraday Chart

-NA-

Historical Chart

28th Sept 2011–Don’t get addicted to Mexican Grill!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		331.00		345.00

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Indexes are weak and dropped badly.
2. Daily chart looks like CMG is forming a double top and the second topping candle looks weaker in the weekly chart.
3. Intraday shows that price cannot sustain above 20MA line.

 

Lesson Learnt:

 

1. I have a good safety margin for this short position.
2. This is a very strong stock. Be careful!

 

Intraday Chart

Historical Chart

23rd Sept 2011–Pattern Study–The missing piece of Dow Jones !

Ticker:

 

1. DJIA

 

Topic:

 

1. The missing piece of DJIA!!
2. The repeat of History??!!

 

Lesson Learnt:

 

1. The pattern looks so much similar.
2. MACD dip into below zero territory similarly.
3. Both patterns also hovering between the weekly 200MA and 500MA line.
4. Weekly index also looks like going to do a double bottom just like before.
5. If all these turn out to be true, looks like we are going to have a strong but short rebound maybe as fast as tonight or some time next week.
6. After that, we will then fall into the TOTAL ARMAGEDDON state -- a TOTAL CRASH !!!

 

Intraday Chart

-NA-

Historical Chart

23rd Sept 2011–Sorry Buffett, I have to leave for a while

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	99.50				Losses	4 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered when I as sleeping soundly.
2. Sorry Warren Buffett, I have to leave for a while.

 

Lesson Learnt:

 

1. Stop loss was triggered when I was sleeping and Ben do the "fantastic twist".
2. I should have set the stop loss at around the line of 102.50, now looking back at the intraday chart.

 

Intraday Chart

Historical Chart

23rd Sept 2011–Pattern Study–Volume does matter… especially when it tell you to RUN!

Ticker:

 

1. DJIA

 

Topic:

 

1. Another "Volume Does Matter" case.

 

Lesson Learnt:

 

1. Do you need to wait for Helicopter Ben to do the "twist" before you know that the market is going up or down?? Answer is NNNNNOOOOOO!!!!
2. Just 2 days before the FED day, DJIA came in with a extreme high volume day, but the index did not even move much higher. That is already a sign of "TOP".
3. Again, the market has warned me, but I am stupid enough to miss it.
4. Another BIG failure of me towards becoming a trader.

 

Intraday Chart

-NA-

Historical Chart

21st Sept 2011–Strategy in a range-bound market

Since the current drop and the start of the range-bound market, my performance has dropped. It is time to squeeze some time out, sit down and analyze why my performance dropped and why I missed all the opportunity on short side.

These few busy weeks have been killing me and totally not good for my trade.       ;-(

21st Sept 2011–Now is still not the right time!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	2.18				commission	4 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Market future dropped below 1%.
2. It is not good to hold this kind of volatile stock at this kind of situation. Get rid of it first and let's watch how things turn up.

 

Lesson Learnt:

 

1. Looks like my immediate decision is correct.
2. Don't go against the market.
3. Let's see how is tonight's FED night's response.

 

Intraday Chart

Historical Chart

19th Sept 2011–Protest on Wall Street

Bulls are in trouble???!!!

17th Sept 2011–Welcome back to MotorCity

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
2.20 (13th Sept) 2.18 (15th Sept)				1.96

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Weekly chart shows that price stabilized at $2.00 for a month time.
2. Daily 20MA line has flatten out and price started to hovering on top of it rather than at bottom.
3. Intraday chart shows that triangle shape is forming.
4. Daily chart secondary indicator like MACD and etc are all pointing upwards.
5. Volume has decreased significantly.

 

Lesson Learnt:

 

1. Mingle with this stock before at around $7.50. The previous dropped was scary. Stop loss saved me.

 

Intraday Chart

Historical Chart

17th Sept 2011–Giving Warren Buffett a helping hand

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
106.40				99.20

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. A bullish cross of 20MA and 50MA lines shows that it is turning bullish.
2. A retracement on Friday is expected at the daily 20MA lines, buy on its weakness.
3. Intraday shows that the price is attached with the movement of the 20MA line.
4. Daily chart shows that $100.00 is the temporary bottom line. Stop loss point is easily spotted.
5. Strong support line is traced back 8 years long term chart.
6. Daily MACD seems to be turning positive.
7. Not bad, I still can buy below Warren Buffett buying price after 3 years.    ;-)

 

Lesson Learnt:

 

1. I could have enter it on Tuesday when the intraday chart shows that the price poke through upward the intraday resistance line. However, I was waiting to see whether the bullishness will last.
2. Intraday 20MA and 50MA line bullish cross on Thursday, but price has gone much higher than what I wanted. So decided to wait for Friday market pull back.
3. Daily chart also shows that 20MA will become its temporary resistance line, so retracement on Friday is expected and decided to buy on its pullback, but the pull back should reach the intraday 20MA line for me to initiate the purchase.
4. Warren Buffett bought $5 Billion shares of GS at $115.00.  http://online.wsj.com/article/SB122220798359168765.html

 

Intraday Chart

Historical Chart

16th Sept 2011–Pattern Study–Don’t be fool by the name!

Ticker:

 

1. STP

 

Topic:

 

1. Sun Tech Power == It has no SUN, no TECH and no POWER

 

Lesson Learnt:

 

1. This stock shows that you can short a stock for more than a year.
2. Stock that is low can go much lower. More low than you can ever imagine.
3. This shows that if you don’t have stop loss, you will be crunched in totality.

 

Intraday Chart

Historical Chart