Are you having problems trading???????

We said we'd walk together come what may
That come the twilight should we lose our way
If as we're walkin a hand should slip free
I'll wait for you
And should I fall behind
Wait for me

We swore we'd travel side by side
We'd help each other stay in stride
But each trader's steps fall so differently
But I'll wait for you
And if I should fall behind
Wait for me

Now everyone dreams of a system that is lasting and true
But you and I know what this world can do
So let's make our steps clear that the other may see
And I'll wait for you
If I should fall behind
Wait for me

Now there's a beautiful river in the valley ahead
There 'neath the oak's bough soon we will be together
Should we lose each other in the shadow of the evening trees
I'll wait for you
And should I fall behind
Wait for me

Portfilio Update 08-31-08

Nothing like a good downdraft in the overall market when you have several trades on the bullish side, is there?

1. FFBC: The first profit target was hit at $13.65 and having it close at $13.01 we are still on the plus side with an entry of $12.82. I would like to hang tough to $14.75 on this one and have moved the stop up just under the pivot at $12.46.

2. SGEN: Will if this doesn't trigger by Wednesday, then it will come off the hot sheet and be replaced by something else.

3. TJX: With an entry at $35.89 and it rolled all the way up to $37.20 on Thursday afternoon we were able to get the 85 cent first target. The problem during the down market on Friday, TJX stopped right at the .786 of the last swing. With a stop at $34.90 we can only pray that the hurricane misses most of the oil rigs in the gulf over the next day or so..... The profit target on the second half is $39.02.

4. ISYS: Hit it's first target for 85 cents, right after that on Friday it is now trying it's best to take out the pivot at $43.05. If it does that we would be taking a $2.55 hit on the second half.....so under the desk we go ....uhmmmmmmm. $57.53 is our goal for the second half.

5. DXPE: If you take the swing from $37.45 to the last pivot at $54.56 and do your fib work you would find that the target for this trade would be the 1.272 at $59.22. On Friday, as the rest of the market was heading for the toilet bowl, DXPE was moving higher. There is a good chance that this stock could rumble all the way up to $65.14 but without me. 85 cents on the first half and about $4.90 on the second half is good enough for me......A WINNER..... :)

6. DIS: It triggered and we got that first 85 cents, no problem but by a hair, right now the chart pattern is showing that the high on Thursday and also on Firday is right at the .786. The good news is that on a down draft day, DIS held her own, if we can pop above the last pivot we will be on our way to $34.43. Otherwise, we will have to throw the towel in at $31.20.

Most likely SGEN will be dropping off the hot list on Tuesday and with DXPE hitting it's target, we only have FFBC, TJX, ISYS and DIS left in the portfolio, maybe time to go dumpster diving again and see what we can find... :)

Portifilio UPDATE.........

Well, it's 1:30pm ET and today we have had more activity then we have had the past two weeks.
1. FFBC is up to $13.14 and rolling since we were looking for $13.65 to take half off and book a profit....I like a profit... :)

2. SGEN has gotten to $11.20 but we are still flat, no base system trigger yet.
3. TJX has triggerd at $35.89 and is now rolling at $36.41.
4. ISYS has triggered at $45.60 and is now rolling at $46.35, it did hit a $45.65 and that was good enoug to hit that first target....:)
5. DXPE has triggered at $54.23 and is now rolling at $56.40, so have our first target at $55.08 and looking good....:)
6. DIS has triggered at $31.79 and is now rolling at $32.53, it has traded to $32.67 and we were looking for our first target at $32.64 or 85 cents, and this means we have taken half off and booked some.

So today, we have so far been able to trigger our longs from last night update and hit the first target on 4 out of 5 stocks. TJX and FFBC are rolling, so who knows by the end of the day.... :)

Just remember this.....

This day and age we're living in gives cause for apprehension
With speed and new invention and things like fourth dimension
Yet we get a trifle weary with Mr. Einstein's theory
So we must get down to earth at times relax relieve the tension
And no matter what the progress or what may yet be proved
The simple facts of life are such they cannot be removed
You must remember this A KISS IS STILL A KISS,
a sigh is just a sigh
The fundamental things apply as time goes bye.

And when two lovers woo they still say, "I love you"
On that you can rely no matter what the future brings
As time goes by moonlight and love songs
Never out of date, hearts full of passion
Jealousy and hate, woman needs man
And man must have his mate that no one can deny
Well, it's still the same old story, a fight for love and glory
A case of do or die, the world will always welcome lovers
As time goes by, Oh yes, the world will always welcome lovers
As time goes bye bye

Traders Paradise moves into the 21st century

You might have notice a change in my little blog the past couple of days as I have upgraded for the latest blog features. You can now have instant updates right to your computer desktop by using the RSS Feed thingie.

No need to constantly checking to see what I am up to....this way the brown shirts at your local CCI cult, I mean club, can spend their time spying on you.......talk about progress..:)

Portfilio Update 08-27-08

Well, we have a one stock portfilio so far, which I am sure that everyone thinks by now I should have 10 to 15 stocks in the portfilio. Well, FFBC is now up a whooping 20 cents from the entry of $12.80. Now it did announce today that it will pay a 17cent dividend and we all like a dividend.

SGEN, has not triggered yet, if it can get it's backend up to $11.20 maybe we can find a base system buy trigger after waiting more then a week.

TJX, if it can trade above $35.89 tomorrow we will be adding this to the portfilio.
ISYS, if it can trade above $45.60 tomorrow...same thing.
DXPE, is it can trade above $54,23 tomorrow...ditto.
DIS, if it can trade above $31.79, this won't be a Mickey Mouse trade....:)

So it's time to build a portfilio for the workshop....where I will show you how to find the stocks of interest, how to setup a base system trade with solid rules and then how to get on board. You can even use this style if you have a day job....no need to sit at the screen and stare..........

The democrats have suddenly developed a keen sense of morality.

The democrats have suddenly developed a keen sense of morality.

John Edwards has been banned from making a speech at the democratic convention for having an extra-marital affair and lying about it.

In his place, Bill Clinton will be speaking.
Hummm......no way...no how...yada yada yada

Well dang it anyways.......

I have given the list of several stocks that I will be using for the up coming workshop from three different sources and have posted it. Well, today was not a good one for the whole list....now some didn't have the base system setup that I will be talking about and showing just how with some simple rules that anyone can make a few bucks. But the whole list took it on the chin today.

Which brings us to the trade management ideas for the workshop, we will be using several different styles of managing the trade. Each with rules, so no smoke and mirrors for this kid. I personally like to take some off at the certain point, and it doesn't matter if it's in the index futures, stocks, options or even corn. But we will look at each of them, case by case.

The educational workshop is about half full at this point, and if you want to come, well it's freeeeeeeeeee, first of all. In fact, I'll even print out the manual, feed ya lunch and so on. All you are required to do is bring an open mind, park the ego, and make a donation directly to one of three local charities or all three if you like, in the amount that you feel, in your heart, is the proper amount.

Oktoberfest is the night before the workshop, and you can go and purchase tickets directly from the United Way if you want at http://www.uwosc.org/ now they are going to update the website and provide a paypal link or something soon.....and correct the date to the 3rd.

Portfilio update.....

WE are currently building a stock portfilio for the examples during the next educational workshop coming up the first weekend in October. I had picked two stocks up until Friday and they are...SGEN and FFBC.

In our base system that I will be showing at the workshop, FFBC went long at $12.80 around 12:20 ET on Friday. We will be looking to pull 85 cents from this stock, then sell half and put a breakeven stop at our entry. So time will tell, this should take a couple days...... :(

The list of stock for the workshop........

With only 5 weeks before the workshop, I believe I need to step up the stock selection we will be taking a look at during the next educational workshop. So here is the list, and the first question should be....WELL, were did this list come from...outer space, your barber? Well, no I will be doing a research project from three sources, each have a good track record for picking stocks to buy. This research project will only be looking to purchase stocks and not to short them.

Going over their list, first thing I notice is GOOG, now GOOG might be a great stock but the darn thing is trading in the 500 bucks a share range. So if you have a 20k account you are screwed. The reason is, only a pure fool would take his 20k and buy just one stock, that is formula for disaster or a candiate for the RED BALL. And if he did, that would be about 40 shares and the cost of commissions would be high on a per share basis.

The second group has cheap stocks, under 10 bucks, so you could buy 100 or 200 shares and spread the joy around.

The third group is all over the place which is good...in a way.

Anyways, here is the list of stocks that we can now go to our base system and see if we can start to buy a couple of them this week......stay tuned.

Next up.....FFBC......

Yesterday, I posted SGEN, with an entry area that we have not been able to trade down to, so we are not long this one on a trigger from the Base System.

Tonight we have as second stock of interest:
FIRST FINL BCP OH (NASDAQ:FFBC) First Financial Bancorp. (First Financial) is a bank holding company that engages in the business of commercial banking and other banking and banking-related activities through its wholly owned subsidiary, First Financial Bank, National Association. The range of banking services provided by First Financial to its customers includes commercial lending, real estate lending, consumer credit, credit card and other personal loan financing. In addition, First Financial offers deposit services that include interest-bearing and non-interest-bearing deposit accounts and time deposits. A range of trust and asset management services is also provided by First Financial.

www.squeezetrigger.com is monitoring FIRST FINL BCP OH (NASDAQ:FFBC) in real time and just received an alert that is crossing above its primary SqueezeTrigger Price, the price that a short squeeze can start in any stock. There are 4058600 shares that have been shorted at the volume weighted average SqueezeTrigger Price of $12.302. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.squeezetrigger.com.

From January 2005 to July 2008, an aggregate amount of 37404588 shares of FFBC have been shorted for a total dollar value of $448,855,056.00. The FFBC SqueezeTrigger price of $12.302 is the volume weighted average price that all shorts are short in shares of FFBC. There is still approximately $50,083,124.00 of potential short covering in shares of FFBC.

SqueezeTrigger.com has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger Price for each stock that has been shorted. The data has then been integrated into an automated trading platform which can be used to connect to a live online broker and automate your trading of short squeeze events. It is extremely powerful with lightening fast execution at a very low price. Both the trading software and SqueezeTrigger data feed are available at http://www.squeezetrigger.com.

So I will be watching for an entry down around the $12.00 area for a trigger to purchase some stock. The daily volume is around the 150 to 175k area so as with yesterday idea....you can't buy 500,000 shares and get in or back out gracefully. But that doesn't mean we can't use some basic money management skills and buy these stocks and build a balanced portfolio to swing trade or long term based on your goals.

I even see that IDC, or as we know it as eSignal is about to come up on my radar screen, maybe Monday.......funny stuff. This workshop should be fun as we explore other areas of trading along with the day stuff....

Seattle Genetics is the first pick of this experiment

With the symbol of SGEN, Seattle Genetics will be the first stock pick for the up coming workshop. Today it traded at $11.73 and if it can trade down to the $11.00 to $11.25 area we will look for a "Base System" buy trigger.

Seattle Genetics, Inc. (Nasdaq:SGEN) announced on July 31, 2008 that it has initiated a phase I clinical trial of SGN-70, a humanized monoclonal antibody targeting CD70 that is being developed as an investigational therapy for autoimmune diseases. The trial will assess the safety, tolerability and pharmacokinetics of SGN-70 in healthy volunteers. CD70 is also expressed on several types of cancer, including multiple myeloma, lymphoma, renal cell cancer, glioblastoma and several other solid tumors. In addition to SGN-70, Seattle Genetics is advancing SGN-75, an antibody-drug conjugate targeting CD70, for the treatment of cancer and expects to file an investigational new drug (IND) application in 2009.

Now of course, only a fool would just buy this because you read something on the internet or in a blog about it. But follow along over the next several weeks as we move toward the workshop. I want to make sure that you know that these picks are not in hindsight...cherry pickin...crapola. At this workshop, I will show how I find these picks, how I determine which ones could be used for a trade, how I setup the trade and then how I trigger into the trade....also what am I looking for in profits......

This workshop is for anyone that wants to understand how to trade without depending upon your barber, the paperboy, mother-in-law or for heaven sake......MARIA.....:)

The next workshop and what to expect!!!!

The next Educational Workshop that is coming up will have a new agenda, after doing the same thing over and over even I am bored, so have you ever wanted to swing trade stocks? If the answer if yes, then maybe I have a couple of ideas for you.

What I will be doing over the next couple of weeks, is first post a couple of stocks that I will be using at the educational workshop, so that those of you who don't like a cherry picker hindsighted chicken eatin redneck to say....after the whole thing is finish....yea yea you should have gotten that one..... :)

I will post the stock the day that I do something with it, then at the workshop I will go into details of how I picked that stock in the first place, how I would use what we have come to know as the "BASE" system to find a low risk setup and finally how I entered and managed the trade.

So don't be a fool like Mittens here and when I say this is a stock to just say a prayer and punch the order entry key.....we don't need no fools... OKKKKKKKK. But you can follow along and see if you are currently a follower and have the "BASE" system...... :)

Details of the next educational workshop are having the final touches being putting on them now.......Oktoberfest will be on Friday night and you can purchase tickets directly from the United Way of Sevier County at http://www.uwosc.org/ They will be updating their website this week.....All the beer and brats you punch down..... :)

What does a man gain????

Well the deal was for the workshop, a simple one, I would set it up, get the tables and chairs, overhead projectors, do a 7 power points, print out the manual, and for three days talk about my favorite subject in life, besides my family.....and I would even trade live with real money on Monday to back up my views of how to trade.

If you wanted to come, well, your part was to just stroke a check to one of my three local charities after they spoke to you on Monday before the trading started. You could write a check to one, or to two, or to all three charities if you like and I didn't care how much you gave because you were suppose to give from your heart.

Well, 77 people showed up along with their wives and kids and we had a great time on Saturday night listening to the hillbilly band play and eatin Bar-B-Que ribs...Even better then that...88 people viewed the workshop from all around the world because they couldn't come here.

Of the 88 people, I allowed one person to volunteer his time to the Boys and Girls Club this summer and help them since he was tight on funds. Traders helping Traders, remember that slogan...it's a great one for sure. This wasn't about me trying to make money off attendees, shoot the indicators were in the book and open code for the programmer junkies out there.....

We raised over $86,000.00 during the three days and that has still blown me away, but the fellow that offered to volunteer, well he never came thru. You can click on the picture to read the email if you like.....but what does a man gain if he loses his word.........and the word was for the children. Remember, that HE said, when you do to the least of them, you have done it in my name, or something close to that.

I only hope Jimmy find his answer.......it's a long road at times.

BACK TO WORK..............................

Well most of you folks have asked....WHAT THE HECK HAPPENED TO SPORT, he went on a 3 day July 4th vacation and dropped off the radar screen. Well, I got tied up in a couple of projects and couldn't get back during the daytime. More on that later because it been an interesting month, at least, in my part of the world.

Those who know Syndey, well she now has a little sister as of 4:23pm yesterday named
McKinsey a perfect little baby girl coming in a 6 pounds and 15 ounces.

Well, I'm back and will be trading again on Monday and also will be in the chat room called A Traders Paradise on TradingRooms.com. Those who asked for direction to join will receive an email this weekend......

Until then enjoy the weekend.....