Locked in Gains on Coach $COH

So I thought I should lock in some gains on my swing trade, I made a good amount and I originally bought 44 shares at 50.04, I sold 10 shares at 58.06. Which means on the 10 shares I sold I locked in $80.20, I pocketed that. Now the other 34 shares ima let ride till this Coach Bag takes over China and spreads it's wings into all the markets of the world.

I lock in gains to ensure that I at least take something home, I put mad work into this, I examined charts and smacked down $2200, now me locking in $80 is good, I don't have to worry if this stock goes back to 50 or 55 or 52 because I know I got $80 in my pocket and what am I gonna do? No clue, maybe buy another thermos for my chai tea!

So there you go, UPDATE after update!

Enjoy the picture, look how massively $COH gapped up, that's a beauty, this channel play worked wonderfully, wish I smacked in more money.

Look at the chart!

*Right click chart, open in new tab*

Click Links below to see my previous trades:

$COH - Coach $389 profit

Watch Bread Bake - Without an Oven

Click Here to read About Me

$COH - Coach $389 profit - Holding on to my BAG - haha

Click here to read my previous $COH update:

• Purchase price: 50.04
• Current price: 58.70 ish

This play worked out beautifully, I am still in all the shares, I probably won't pull out any time soon, I'll let it ride up and see where it goes. Again, I played the channel, the channel lasted about 2 months all the way back to January. As you will see in the chart, look at the sideways movement, $COH did absolutely nothing for 2 months and finally it blew up, and why did it blow up...because of earnings. I wasn't really banking on the earnings for this play to work out, I purely looked at the chart setups, it could have gone bad, if earnings were poor or whatever the non-sense they post my $COH could have just as easily gone down to 45 ish, which woulda put me in panic mode.

So far at its current price right now while I type its 58.89, I am positive about +$389. The amount I invested was 44 x 50.04 = $2201. Now my position is worth: 44 x 58.89 = $2591. 

Return on Investment so far: $391 Profit / $2201 Investment =  
+17.75% Return

Click Here to see current price of $COH

I probably will give $COH some room, if it goes below 54 ish I will get out and take my +200 if it doesn't then I will stay in and hold on to my Coach Bag. This is the reason people, if your money is sitting around, PUT it to use. If your money is in savings or any other non sense, GET IT OUT...get the party started and buy yourself a stock (only after researching) and just try it out. You do not need a big account, you can start with whatever you have and as long as you can stomach your money going up and down then you good to go.

What if I wanna go to Cancun? I am already half way there, I don't need to save 100 bucks a week for 8 weeks to get $800, I got my trades doing that for me. I need another good trade and if I can pull out another $400 or so, I got my $800 USD to go to Cancun. Trades pay for trips. Get on that tip.

*Right click image, Open in new tab*

Click on Links below to read my previous trades

Watch Bread Bake - Without an Oven

The Alley from Wade to Lebron

Click Here to read About Me

Watch Bread Bake - Without an Oven

Panera Bread, Mississauga, ON

$PNRA Panera Bread

My mistake, I wrote in one of the Panera Bread charts that its only a US chain of stores, I don't even KNOW what PANERA BREAD IS! I think its a deli shop...sandwiches, fresh bread...I don't know but I thought it was a US chain of stores only. I just checked the map for Panera Bread, there is no Panera Bread in Brampton...sh*t. Only in Mississauga, Tdot and other places that are totally irrelevant to anyone who lives in Brampton, ON, because if you look at the GTA map, Brampton is kinda of in the center, we center of the world. So how does this relate to Panera Bread? No clue. Patience PAYS! That is all!

Being patient worked for me today, I learned from my massive mistake on Monday! Monday was a real kick to the balls and also my confidence. Panera was a nasty gap today, I watched this loaf of bread like a hawk. No more caveman business, we in the medieval times now so no buffalo hunting, now its bread baking. I watched this piece of dough bake and bake and bake and rise and rise, it turned crispy and what happens to crispy things, they become easy to SNAP. Bread turned into a Doritos Chip. Right at the top this crispy little bread was ready for me to get my short orders ready and assess my risk and my patience paid off. Since I didn't have breakfast today, the market gave me a nice meal. So since our caveman has developed from hunting buffaloes to now making bread, next thing is flipping the birds and I will talk about the birds possibly tomorrow! Young Money Cash Money Billionaires. Prrrrrrr (pigeon noise)

Here is what I wrote down in the morning for Panera Bread:

Read what I wrote:
"ride up, only short with formation"
What does this mean for your mom/dad who baking the bread, it means this:
"let the bread bake, let it turn crispy..ooh wait its too crispy? then feed it to the dogs" 

Click links below to view my previous trades:
The Ally from Wade to Lebron
How $HAS bent me over

Click here to read About Me

The Alley from Wade to Lebron

$NFLX
I finally CAUGHT $NFLX and even today it was moving so fast I barely had time to put in my order, assess my risk and all the non sense, BUT I did it! Look at what I wrote down in the morning the paper says, "wait to move down, look for formation" what did I do? I waited, that is something I didn't do yesterday, I waited for god to give me the setup not run to the setup. This is not a sport, in basketball coach always tells you go to the ball, don't let the ball come to you. But if your name is LeBron James the ball gonna come to you because your man Wade throwing ally's 24/7. God threw me an alley, and I slammed the batti basketball in.Still, best dunker of all time, Vince Carter. Take a look at his top 100 Dunks here. If Vince Carter was trading stocks this man be a millionaire, he goes in for the KILL, either he jumping over 7' men or wind milling in players face, this man is epic, he goes in heavy.

The note below I wrote before the market opened, I was patient and the play came to me at my price of 212.65. I am sad I let it go, it wasn't managed to the best of my ability because I am still learning how to manage my trades to maximize profits that is a whole other story.

*Right click chart, open in new tab*

 All or Nothing


$TRV
This was a good setup, but it faked the living sh*t out of me, look at the piece of sh*t do its faking, I was going LONG on this stock and BAM, it just had to kill my day. I hate you $TRV I will forever hate on you. Just a general review, I was still patient, I had taken this stock off my list because it was just whack in the beginning of the day, then as I was looking for something to trade I saw the setup and I thought why not. I know there is something wrong with the chart but I can't pick it out. The stock was just a bit wild, there was a .08 cent spread in the price as well, this is always a warning sign. Notice how aggressive I got writing about this piece of sh*t.

*Right click chart, open in new tab*

Click links below to view my previous trades:
How $HAS bent me over
Where is $AAPL going? - Tragedy

Click Here to read About Me

How $HAS bent me over

$HAS

Now I wrote a few days ago on "How to: Blow all Gains in 1 day" read that and then read this. I did it again, I can't believe that in the last 3 trading days I lost over -$200. Tomorrow is another day? NO  tomorrow is not another DAY when almost back to back days it has been loss after loss. This play was due to me being childish and impatient, I wanted to be a PART of the big BIG upside move in $HAS, little did I know $HAS had a plan to strip me naked and send me back to my drawing board crying and helpless. This cycle is horrible, this is what knocks some traders down. I was having a few good weeks, I was having some consistent plays and getting my act together thinking this blog be my savior, but NAH, $HAS just had to take its pants off and bend me over today, now its gonna take a good month to recover from the thrashing. I'm hurt. It ain't fun being bent over by a stock, trust me. It also isn't fun when you have no control over your emotions, this was a pure emotional play, I went in this play thinking "I want to be a part of the upside move" and look what happened. Not only did I lose money, I was in rage and started buying more shares the lower the stock went, this is like when an airplane is out of control, its spiraling down and there is NO floor because the SKY doesn't have a floor and same thing with this stock, look where the floor was, the floor was at 46 dollar range, that is equivalent to when the plane hits the ground, game is over homies, get out the rescue crew.

I will mark this trade as my 2nd or 3rd failest trade in history. Take a look at the chart people.

*Right Click Image, Open in new tab*

Now match my trade tickets with the chart and you'll see how much of a fail trade this was. There was absolutely no pull back, the stock shot up, I thought there was a pullback but really it was disgusting, it was a fake, it caught me and I became emotionally attached like the Brampton psychopath boy I am. A real pullback play is this, click here and scroll down to "We too slow. Missed this Nasty Trade" a real pull back and that was what I was hoping for.

*Right click image, open in new tab*

Click Links below to view my previous trades

Where is $AAPL going? - Tragedy

Back to the Future Trade

Click Here to read About Me

Where is $AAPL going? - Tragedy

On March 4th, 2013 I tweeted saying this:

I was short in my account 2 friggin shares of $AAPL, that was a position size of $851.68, now that was back on March the 4th. I honestly did this just thinking "ahhh whatever" and whenever I do a "ahhh whatever" swing trade it always ends up working out. OK shorting 2 shares of $AAPL is kinda dumb and pointless, first of all the amount of money I am locking up is humongous for me. Second even if $AAPL went to 360 I would have pocketed approx. +$130 But sad old me let the shares go at around 430 because I knew if $AAPL broke above 430 it would do a small reversal for a while, the amount of risk I was willing to take in this trade was very little, so I got out with a -$10 loss. Now a month and a half later $AAPL is at about 390, this piece of shit is deteriorating, I wouldn't be surprised if it went to even 300 sooner or later. Nothing goes straight down, it will do its crazy little drama and continue to bleed.

My Trade Tickets on March 4/2013.

*Right click image, open in new tab*

Click on Links below to read my Previous Trades:

Back to the Future Trade

One Shot, One Kill

Back to the Future Trade

What I was trading on May 17th 2012 - Back to the Future

I can't believe I took a trade like this, this trade was on May 17th 2012, I don't even remember this trade, I was looking through my saved trades and I came across this beauty. Sh***ttttt. Look at the setup, I wish I knew what I was doing back that then, these are the types of setups I look for now. I actually highlighted the play and wrote on the chart, "drifting consolidation...high percentage play" This gives me the chills I'm not even joking. I even highlighted the volume and everything, I didn't know jack sh*t about setups last May but I'm glad I saved almost every trade I made. This is a trade that I would actually call a good trade in my books today, its a relatively clean setup, the stock made a massive move down, it tried to pick itself up but it just couldn't, it only got half way up and that's when the consolidation began, and BAM, I guess that is when I got out my short guns and started shorting this baby.

I hope I can do the same next year for the trades I am making now, I can't wait. This truly shows how much I've learned and grown as a trader.

*right click image, open in new tab*

Click on Links below to read my Previous Trades:

One Shot, One Kill

How to: Blow all gains in 1 day

One Shot, One Kill

This is why I trade, to come back from a nasty -$113 day with balls and be swinging like nothing happened. I do not at all watch sports but I am assuming the best batters in baseball probably average a .3333 stat or some sh*t. So these as*holes get paid $20 million to hit the ball 1 outta 3 times. That some bullsh*t. Trading is the same. So I take that back, that not some bullsh*t. Like everything else in life unless YOU know you not gonna live tomorrow, I use the motto "tomorrow is another day" and that is it, that is how I trade. Drake uses YOLO but if I traded YOLO style it be a wrap, I'd be begging on the streets of Gore Rd, using the washroom at Sobeys and also using their Axe body spray cuz I'd smell like a*s. That is why I don't trade YOLO. $IBM was a prime example that you just gotta keep doing what you are doing, just stick to your plan and follow your rules and let the market gods bring you the setups, all you gotta do is just bring some money to the table.

This was a NASTY move, it was a NASTY setup, it was a ONE SHOT, ONE KILL play. Reminds me of those cheap as* suckers in Halo or Call of Duty who hide in the corner and sniper people. (I don't play video games btw) I play house house with my brother.

I shorted this lovely stock at 193.94, closed my eyes and went to sleep. Bang Bang will tell you the same story. Look at the setup, $IBM made a move down for the first 2 minutes of trading (big red bar) and then it started its slow climb, poor thing couldn't climb back up and that is it homies, thats a sign of weakness to me and that is when I got out my short GUN and started to assess my risk and put in my order, it was a wrap after that. F you yesterday, I trade for today.

*Right click image, open in new tab*

Click On Links Below to Read my Previous Trades:

How to: Blow all gains in 1 day

My Office

How to: Blow all gains in 1 day

I knew this would happen!

I haven't had this kinda day in a long long time, since I started blogging I haven't really had a big BIG losing day. I try to keep my risk to a minimum but I guess this type of day had to happen. It was a -$113.45 day. Considering I only risk $10 regularly, I lost 10x my risk! The bad thing was I actually upped my risk to $20 which meant I was trading with more shares, it truly did back fire.  That is unacceptable in my books. My first trade I lost -$46.89 in the first 13 minutes, that was a big hit, right then I thought to myself "ok lets try to make some back" I should have just stopped trading after taking that hit, I guess I wasn't mentally prepared for a massive f*ck up. I traded 10 stocks, only 2 were winners, both winners were very desperate trades. Since I had 8 bad trades, I don't have time to upload them all. I will upload 2.

Bad Trade 1 - $ADK

Bam 13 minutes into the day and -$46.89. I had absolutely no planned entry, no game plan which left me 'hoping' that this would work out for me, obviously it failed. This stock had NO volume at all, it wasn't even tradeable and I did it. Tha Fawk?

*Right click image, open in new tab*

Bad Trade 2 - $ASML

Loss: -$34.22. As you can see in the picture, read the purple font, god knows why I even attempted to trade this idiotic setup. I feel embarrassed posting this shi*t. Again, tha FAWK was I thinking? Not only did I lose money the first time, I went in again and lost even more. Rule in the hood: You never touch the hootchies twice.

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 $FDX - GOT away from me again - My attention was on the first dumb $ADK stock

I had written down exactly what I wanted to do with $FDX but my attention was on the stupid Bad Trade 1 -  $ADK play. So when I actually got around to seeing what happened to $FDX the play was already gone. The sad part is, later on in the day I desperately tried make some money off of $FDX and lost money. This day was so emotional, so sad, such a fail, I played all the ugly plays, missed all the good plays and made money off the bad shit*y paying plays.  Click this link right NOW to see how similar this play was to the one I missed a few weeks ago.

*Right click image, open in new tab*

Winning Trade 1 - $HUM

I wouldn't even call this a winning trade, it was an embarrassing attempt to make money. Horrible setup, though it did pay, I would not take this type of play again, I would not take this play again is because the stock came back toooooooo tooo much. For an ideal short setup I wouldn't want it to come back after a decline like that that much, I would like just a little little bit retracement and then go in heavy.

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Winning Trade 2 - $CLB

This was a really late play because the original play happened after the 3rd candle. The play happened on a smaller candle time frame possibly on a 5'minute candle chart it would be easier to see the setup happen in the morning, but on the 15' minute candles it still worked but the entry was hard and risk to large. This was desperate as hell but what could I do, I was having a bad day. I made almost $40 off this trade, it helped me bring my losses down but then again I also had 8 other bad trades.

*Right click image, open in new tab*

All in all, I over traded, I under planned which meant all my trades were overboard, all positive traders were underpaying. This is not what I want, if I ever have a losing day it should not be more than what I risk per day. So if I am risking $10 a day, I do not want to lose more than that. If I do, then tomorrow is another day. Taking a hit like -$113 is massive, its disgusting.

Click on links below to view my previous trades:
My Office
Watchin' them Stocks Twerk...Woooooo

My Office

My office is my office. No one in my house f's with my office at home. I made it, I painted my table, it was some ugly piece of sh*t that weighed 1000 lbs and I was like nah, this table is perfect. No one touches anything on my desk or in my drawers or the pictures that I have. Even the necklace that you see on the bottom right, that I keep there to remind myself that I have a life outside of trading and work and blah blah. (Navneet's necklace). I like to be overboard that is why I have the picture of the bull and the bear framed. As you can see that paper that is standing up I have a set of rules that I do not break, took me 6+ months to actually start following those rules, but since I started this blog I been a good boy. I purposely put the calculator there to show off. The 2 screens is legit needed, got my charts running. If I had my calculator there yesterday I wouldn't have missed the beautiful $NFLX trade.

If you look really really close bottom right, you will see my art books, yes I love arts & crafts.

Now this is something that I look at every morning. Gotta go by the rules, gotta eliminate all emotions and understand that to be a consistent trader you gotta leave your emotions behind because "the market doesn't care about you". So why waste time and care about the market, you just wanna have a one night stand and dip, no emotions involved. Have a look at my Less Technical, More Personal blog Click Here.

Click on links below to view my previous trades:

Watchin' them Stocks Twerk...Woooooo

Full Story: Bang Bang the Sly Foxy

Watchin' them Stocks Twerk...Woooooo

1)The Beauty Twerk

Now SRPT was just a beauty, it gapped down and dropped it low like a twerker and unlike a twerker it never ever ever came back up. *do not twerk unless you are highly trained,please* l I had a game plan for this in the morning, it went down, it broke some nice areas but it did not continue to go down as you can see in the chart. It came right back up and started consolidating after it came back from its low low twerk. And this was when I was like....HUhhhh??? It twerked down there, it did its thing, it got stuck half way and it can't get up all the way so it must be weak. Imagine you watching a video of someone twerking (can be a girl or guy) and so they doing their thing, getting all low and dropping it and doing the fancy smancy moves and then they finish they business down there and try to get back up and they back starts to hurt...HELLLL NAH is they gonna twerk again, maybe they'll get up half way, but not go above and beyond. So that Twerker ain't gonna go from the dance floor to the twerk pole and start sliding up and down. That is a sign of weakness, get this twerker outta here, do not give the twerker money, lets start thinking about throwing some short orders in and make some money! And that is exactly what I did! For those of you who went to YouTube and searched twerk, if you wanna see some legit action click here Ciara, Ride. I'ma warn you, if you at work, don't open the link, its not a twerk but I hope you understand the concept. Concept is, if it goes down then tries to get back up and fails to stand up, then you go in HEAVY with the shorts.

Trade Tickets: Short at 34.21

*right click picture, open in new tab to watch the stock twerk*

2) Follow Through Fail

Now follow through failure is common when trading, look at how the $SRPT trade followed through so smoothly. Now take a look at the chart below and its just nasty! The tails, the no follow through, the bouncing around, man this is a wild twerker sucking up everyones money. Twerker be going up and down up and down up and down and by the time they done twerkin everyone watching wanan throw up and they wallets empty too because they just spent 20 minutes enjoying someone twerk, but then you throw up when you go into your wallet its empty because you threw them dolla dolla bills. That is what this did to me. But buttttt, I can say both trades I made today were positive even tho this one took some of my money, I did however not get sucked in I waited around until the twerk followed through with the full show.

Plan:

Trade Tickets: Short at 36.15

*right click picture, open in new tab to watch the stock twerk*

As you can see my last trade of the day was at 10:09:14. I called it a day in the first 30 minutes of the market being open. This is rare, but it happens.

We One

Respect to my Cha...

Full Story: Bang Bang The Sly Foxy

Multiple Trade Bang Bang - I Love his Confidence

So the party started at 08:40 ish and I had a cha the glassi ready for Bang Bang, this friggin 2 year old texted me and said "yo I ate cereal" - BUT how is anyone gonna not drink my cha? This man gulped down the glassi and put it to his face like a Cold Shot in the summer heat!

1) The Late Entry. The Really F'n Late Entry.

Now we entered this stock LATE, even though Bang Bang and I had reviewed it in the morning and I told him I don't lie when I say this ask Bang Bang I told him "watch this stock go up, then we will find a pattern" I originally told him it'll go up to possibly 14.40-14.50 and reverse. Look in the chart and it reversed around 14.10 ish. YES I was off but .40 cents but did it reverse? HELL F'n YES. We honestly weren't even paying attention, so just to show Bang Bang a trade we entered into this trade MADDDD late. Look where the "ideal" entry is and THEN look where we entered. We were making money at one point but it was shi*ting in our pants money. I didn't feel comfortable at all and I took a small loss and said "on to the next one".

*Right click picture, open in new tab*

2) We Too Slow. Missed this Nasty Trade

Holllllllyyyyyyy Mollllllyyyyyyy. That is all I can say. Look how BEAUTIFUL this setup is. Something this clean and se*y doesn't come along so often but Ahhhhhh I was holding my HAIR and tryna rip out the hair that I had left over from my HAIRCUT! I know 100% when Bang Bang reads this blog post he's gonna go cry, this is just sad sad sad. Open the chart now! Look at the consolidation, $NFLX went up, it came down, it consolidated and right there, right where my yellow box is, that was the BUY signal. What really happened, my calculator on my computer was too SLOW (really I was too slow). I saw this setup and started screaming and started calculating how many shares I needed to trade, by the time I was done the stock went KABOOM, it blasted through. So honestly, if you consider what happened today, we missed out on massive opportunities, all 3 trades had so much potential, our mind were in the right spot but execution wise we got shi*ted on by the market gods.

*Right click picture, open in new tab*

3) Order Slippage. No Fill. Late Entry. Poor Management.

So check this, order slippage will happen, just like any other industry slippage occurs. You own a grocery store and your client will slip on a banana peel. You drive a manual car and your transmission will slip. (I don't know, maybe automatics slip) BUT SLIPPAGE OCCURS! Sometimes orders that are pending which means waiting to be filled when the stock hits a certain price DO not get filled and that is exactly what happened here. Typically if a order does not get filled I cancel right away because HELLL NAWWWW am I gonna lose any money by getting in at the wrong price, but I believed in us, I had faith, we Indo - Canadians, so we stood our ground and got filled at the worst PRICE ever. I also changed the game plan while we were in the trade which caused me to exit the trade and take a small loss. That is what happens when you slip, you aint getting back up easily cuz your a*s is going to hurt. But, the sun will rise tomorrow.

*Right click picture, open in new tab*

My Thoughts on Bang Bang
If Bang Bang keeps up his positive attitude, I mark my words he will be successful. If he doesn't make his own blog, I hope he fails. We go way back, I know he can do this.

Day 1: Bang Bang - Quick Learner but Money Chaser

Do Not Chase the Money - Chase Consistency and the Money will Come

Yes, trading can be the most lucrative thing ever but it has to be understood that you cannot come into this came chasing the money, you gotta chase consistency. In trading if you are successful, it will make you the most disgusting amounts of money in the shortest amounts of time. So if you can't play basketball, can't sing and you ain't a CEO at a company, then your next best shot is to become a good, consistent trader. Keyword is consistent!

Trading is the quickest, most immense amount of money you will ever make, but just like that it can also be lost.

Bang Bang and I pulled off 2 trades today, I actually asked him to update his thoughts on the following topics:

1) What he expected day trading to be
2) How does he feel about day trading
3) What he thinks about the trades he TOOK

I am forcing him to make his own blog so keep an eye out for that, this man is a little shy but trust me, I see it in him, he already knows what the F is going on, he ACTUALLY made me trade a stock today and if it wasn't for my lowsy mistake we woulda have made money because of Bang Bang.

Okay, Bang Bang is not a money chaser, but he understands truly deep inside that he wants this. He is driven and he got MONEY to BLOW.

Remember: Consistency gets results, so chase consistency!

$PEIX - Penny Stock Business

Update: Long Term Hold: $PEIX

So this whack off of a stock still hasn't done anything for me yet. It did get me excited for a little while when it shot up to .47 and I was thinking here comes retirement but bam bam few days later back to normal life and it goes back down. I have a position of 3000 shares at .37. I wrote about $PEIX back in January in this post and not much has changed. God knows what kinda biofuel or cow sh*t fuel they are producing sure ain't making them any loot which means Ima be making no loot as well. Again, I'm not a penny stock investor, I know it has the potential to make me nasty $$$$ but I need to see some potential. I need to see some upwards movement like I am in my $COH post. This $PEIX is like a stale donut it ain't gwanin in no ones stomach but it sure is gonna come outta someone's as* because its a piece of sh*t. :)

Calculations:

The Negative Side
My position: 3000 at a price of .3734 = $1120.2 of my loot is smacked into this stale donut. The current price of this stale donut is .3113 which means I'm in the hole -$186.30. And trust me out of all the stocks that I am holding $PEIX scares me the most and reason is because its a penny stock, it can just as easily go to .10 or .05 and that's it, there goes -$800 outta my pocket.

The Positive Side
Now because my position is so massive at 3000 shares and the price of this cow sh*t stock is so low it also gives me insane upside potential. The thing with these penny stocks is that it's a wait and wait and wait and wait game, until $PEIX doesn't figure out how to become a profitable company ain't nothing happening to its price.

Now check this out: LOL - I wrote LOL after I read what I wrote.

How much $$ I can possibly make from this stale donut if:
Price goes to 1: $1879.80 <- get me 2 rounds to Cancun money
Price goes to 3: $7880.40 <- get me wax money for my wifes upper lip
Price goes to 20: $58,879.80 <- get me car money for my Moms, 4 Hyundai Elantra Tourings
Price goes to 311: $931,879.80 <- jackpot, get my homies out the hood money, BBQ errrdayyy

So there you go, I updated all 3 of my holdings and that's life. Look at the chart below $PEIX was at one point +300 price stock, past few years its been doing nothing, now since ima need some wax money I know the market gods will get together and understand my concern and shoot $PEIX up to 5 dollar price and beyond!

Look at chart! Mu ha ha

$AMD - Ain't Retiring Yet

Update of Long Term Hold: $AMD

750 shares purchased at 2.70 (this is why I hate the buy / hold strategy, especially when my entry was soooooo WRONG! Well ,750 shares at 2.70 isn't bad, do the math and I invested $2200 into $COH and sitting here is another approximately $2000 and this bad boy ain't paying off yet. But as you can see unless $AMD goes bankrupt I'm pretty much safe, they are providing the chips for the new Xbox I hear and also the new PlayStation, so this thing should in say 5 years or so be back up at some epic point, if not then what can you do, on to the next one, this buffalo f'ing you up, get out. Right now the current price is at 2.48, so I am down about -$170 and that's the nature of the game, if I was patient in my entry I would have either entered into $AMD above 2.95 or around 2.30 ish, me being in the middle is annoying as this bad boy keeps trading in a range and I HATeeeee anything that trades in a range, it make me wanna vomit.

$AMD was at one point in it's life at 48, the lowest it's ever been was 1.60 ish, putting my entry at 2.70 into perspective in this range makes me feel a lot better. Say if $AMD goes to 1.60 I only lose -$800 (that is my risk) now imagine this bad boy goes to 48 in the next 5 years, I will rake in $33,975. My risk to reward ratio is 1:35. I am risking $800 now to make $33,975 god knows when, the chances of $AMD going back up there I don't know, but long term do I think I have a good decent entry and feel relatively safe? Fawk Yes. And so for those who think $BBRY (Blackberry) is a sucker and isn't worth buying Mmmmmm I kinda regret not picking up shares when it was at 6-7, right now it's at 13 ish so imagine you have $1300 to spare you buy 100 shares now and sit on it, you just never know and that's the thing with stocks an long term holds, you just never know. PLEASE don't go and buy 100 shares of $BBRY because I said so, this is not ADVICE haha it's only my opinion.

Below is a chart of $AMD from way way way wayyyyyy epic back!

$COH - The Channel Play - $100 profit so far

Update: Long Term Hold: $COH

I posted my $COH swing trade a little while ago, possibly more than a week ago and it finally is going my way.

Click here to see what my thoughts were when I entered the trade. 

I bought 44 shares at 50.04 and now if you look at the chart below its at 52.30 or so. So you do the math that's +$100 in profit. It's fun to see my long term plays play out well, in the past I've knocked down a few of them with good entries but the waiting process is so annoying. First of all it ties up my cash but that's why I have 2 separate accounts for separate purposes. 1 account is for day trading and the second is for holding sh*t like this. I think $COH is going to do some earnings business later this month, that is when your long trade can get ruined and wiped out. Bad earnings and this POS stock can be down to 45 and that's it, profits wiped out.

I rather use options to take advantage of longer term price moves so I can use less money in the trade and pull out higher percentage returns. But I don't mind this $100 profit on an investment of $2200. So in the long run I tie up less cash but pull out more profit per trade.

So far that is 4.5% return in 1 month, beats 0% or any savings account. If I put $2200 in a savings account for 1 year at 2% (which is an outrageous interest rate) I would only make $44.  Again, better than 0% but considering inflation and blah blah BLAH my ass still lost in the long run. One RIGHT trade a month will get you there, start small, build confidence and then just start smacking down the loot.

That's it with this update.

Check out the chart, notice the sideways action for almost a month and now $COH finally broke out, good sign, ill let this bad boy continue and see where it takes me.

Potential Trades - Missed Out!

Arranged Marriages and Trading  - running out of comparison ideas

I had a number of stocks ready for today but 2 stood out to me the most, some stocks I took off my list right when the market opened because they did whack moves and watching them woulda been a waste of time. Its like when your parents try to set you up with an arranged marriage, the only thing you can judge on is LOOKS, you can't go and ask that you wanna date the person and try them out, that is not what arranged is about, its an arrangement on the spot. (it may turn into that) but NO.
So those other garbage stocks got the big red x Everyday I arrange myself to spend the day with a few stocks, they look good from a pre-market perspective, but again, just like when your parents show you that cropped picture of the person they want you to marry the picture will tell one story but then your ass is sitting in their family room and reality is telling you GET the F OUT. A stock will do the same, it will look good pre-market, then at 09:30 reality hits, that is when my "delete" button comes in handy. OH, I think Ima have to use my button once more. So that is the reality of trading, I will have about 6-7 stocks that I want to trade and out of the 6-7 maybe 1 or 2 will look good to me after the market opens. Eliminating the garbage is key, it helps to decrease the chances of failure.

Here we Go with my Potential Trades:

$INFY

The ugly writing is what I wrote down in the morning: It means: $INFY will break above 45, if not then weakness below 45! and shi*t was this weak.

Check out what happened in the chart! - This is WHY you gotta go tell your parents whats good!

*Right click picture, open in new tab*

Bang Bang Flops - Trading Platform Down - Drought Continues

Awesome Excuse

So I was at work last night and I turned my 3G off because my battery was about to fail and I knew Navneet Singh Bains would get sad if I didn't talk to her during my drive home BUT BUT...I walk into my house and my phone catches my wifi and this is the non sense I have to read! "my nephew is sick" - I did however just text Bang Bang right now, he said his nephew is feeling a lot better and they on their way to the doctor.

It's all good, if Bang Bang had come today he would have been disappointed anyways, for some reason my Trading Platform is down and I can't even trade, I can just watch what I wanted to trade and imagine myself trading, which is a lot of fun. I did have 2 trades ready to execute so I will talk about them. 

First of ALL, let me elaborate on why I could not trade today:

I don't plan on waiting so that is it. Monday it is! 

Finally the Drought will come to an END

08:30 

08:30 Friday April 12th, 2013 is the time I expect Bang Bang to be ready with his notepad taking notes on trading strategies. He will be bringing $50 in $5 bills and $10 bills, I have something planned for him, again I will also be bringing $50 bucks to the desk. Total we will have $100 (for those who suck ass at math). And honestly, I haven't traded for a full week! The last time I traded was last Friday, that is a long time, so Ima be  extra careful with what I do tomorrow but I will let Bang Bang be extra courageous. He needs that, he's selling too many mutual funds to his clients he needa chop some stocks and get out of his bubble.

It is earnings season so we should have a wide selection of stocks to choose from, doesn't matter if its shorting or going long, I will teach Bang Bang the ways and he will repeat until he is making a couple G's a day and laughing. The rule of the game is, if I can get bang bang to consistently make $10-$15 a day for a month or longer and he has his strategies perfected and can control his little pee pee and doesn't stick his money in any dirty stocks then this guy will be on his way and be addicted. If he can make $10-$15 consistently, then he can also make $1000-$1500 consistently as well. All he has to do is increase his share size.

So imagine an imaginary situation:

Bang Bang Day 1: 

He buys 100 shares of $LVS at 50 and then sells his 100 shares at 51.

Cost to buy: $5000
Sold For: $5100

He legit made $100 right? Now this will be rare for Bang Bang, but imagine he could do this for 2-3 months and get his mind right and stay in control and understand his plays and trades then all he has to do is the following:

INCREASE HIS SHARE SIZE

3 months down the road:

He buys 1000 shares of $LVS at 50 and then sells his 1000 shares at 51.

Cost to Buy: $50000
Sold For: $51000

Bang Bang the piece of sh*t made $1000 in probably what 2-3 hours of work!

It is honestly as easy at that, start with making small money, it will only grow from there.

Bang Bang joining the World of Day Trading

New Trader - Fresh Meat! aka Fresh Caveman, Fresh Buffalo Hunter

This Friday April 12th 2013, I will be joining forces with my good old friend Bang Bang aka Gurpreet the Legend of all Legends.  Bang Bang's investment history: This guy at one point bought shares of $AAPL when it was at 180, I hope he still owns them!

He contacted me and asked "you still on the trading tip?" I was like "I never fell off" and that is it, story ends there. Not only will Bang Bang benefit from me, I will benefit even more as trading is always a lot funner / interesting when there is more than 1 person involved. YOU ALWAYS want someone saying, "dog that setup doesn't look so good" or "lets go ALL in on this SHIT, smack down 1000 shares NOW!!" or or here is the best one, "I bet my LIFE on this trade" When you have the backing of another well informed trader it is a lot easier to avoid mistakes and also be a part of more winning trades. So I am looking forward to this.

I do how ever have a game plan for Bang Bang...the way I see him right now is he knows absolutely jack shit about trading. But I am not here to bash on Bang Bangs trading skills. One experienced trader once told me "it is proven that children make better traders because they understand the concept of up and down a lot easier than adults" - well I don't know if that is true or not, but children traders would probably avoid going through all the emotional turmoil that an adult trader would go through. I don't know I made that shit up.

So I will be tracking Bang Bang's performance and thoughts as he develops as a trader / or even swing trader (which is a trader who holds his/her stocks for longer than a day trader...) well they all intertwine but a swing trader is a trader who holds his/her stocks say possibly for a few days, a week or even a month.

Here is the exciting stuff: Stay tuned as this will be going down on Friday April 12th, 2013 if Bang Bang makes it over to my office by 8:30 am I will run him through a few things and I promise you, I will let him TRADE LIVE on my account, yes you read that right. Bang Bang will be trading with my money, live, real markets, real money, real gains or losses. I want him to feeeeeeeeeel how it FEELS to trade live, none of this paper money or fake accounts or any nonsense, this is Fa'REALS people. It is the only way to learn and it is the only way to build the balls that he will need to actually trade and I'ma give them to him sooner than later.

Until then, enjoy! I will keep updating. Also Bang Bang is very excited, he is texting me off the hook all day all night saying "lemme trade lemme trade" but I can't let this little hunter run after the buffalo, he's gonna have to wait, I will however give him the chance Friday to show his hunting skills, and remember people, you just never know what skills you have until you apply them.

Until then! Peace! Stay Tuned! And for sure I will get Bang Bang to make his own blog, he will write about his feelings, how much he loves me and why we are such good friends.

No Trading Till April 11/ 2013

$TILING

Sorry readers but absolutely no trading till April/11/2013. I am working with Taz The Tile Guy to renovate 2 washrooms so I'ma be busy doing that! Until then...I'll just turn this blog into a Tiling Blog and relate it back to trading.

Tiling and Trading - Same EXACT shit!

All you need is a plan! Simple as that! You know right when you walk into a clients washroom what to expect, you gotta know the same for when you trade. Can't walk into a washroom with a blindfold on and give your client an estimation and say "this will take me 2 days". Same goes for when you enter a trade, you must know exactly when to exit, especially if the trade goes against you.

$LVS - Beauty and the Beast

$LVS 

You Snooze you Lose - Sleeping with the Beauty...yeahhhh that sounds like fun...but what if the Beast comes along with his big teeth and skinny legs and catches you sleeping with his beautiful $LVS?...

2 Possible Outcomes:
$LVS + You have a baby 
(Which essentially means you win and you got away and ran away)
or
Beast + You have a baby 
(A really ugly baby....BEAST NO CARE! THE BEAST NEVER LOSES! THE BEAST IS THE MARKET!)

Side Note: I will have to shamefully announce that I lost against the Beast on Wednesday April 3/2013

So I related this stock back to The Beauty and the Beast, and you may ask why? OK the relation is not perfect, no lie, but honestly I could not think of anything else, I needed to give you (my readers) an example and something fun to read. The reason I call it The Beauty and the Beast because $LVS has 2 sides. The Setup it gave me was beautiful, but as you can see after it was done doing its business it turned into a beast and that is it! It morphed into an alien and went into outer space...and that is why I always alwaysssss stress, do not ever mess with $LVS unless honestly you know what you are doing. It is such a fun stock to watch, it will always surprise me, it still does to this day, and I knew my time with $LVS would be short lived.

I saw a pattern develop, if you examine the charts, this pattern has similarity to my previous $LVS trade, just go back to The Hitesh Sharma Fail, the setup was that I saw it consolidating after pull back from a massive decline. I think the Beast from the Beauty and the Beast is a weird buffalo, so today I took my time to understand the buffalo, I knew I hunted the buffalo 2 days ago and the buffalo hit me with its horns and I ran away, but I again the buffalo and I didn't burn our bridges and we met again, and today I won. Imagine I traded $LVS everyday...I'd probably be able to understand this buffalo and turn it into a little rodeo cattle and tie it with a rope and take it home, but that is a waste of time. You may ask why? BECAUSE there are so many other buffaloes out there! On to the NEXT ONE! If I have time, I will update my Thursday April 4 2013 trades. I did 4 trades....that's a lot of writing / charts....

*Right click picture, open in new tab*

Oh Ma God! - $LVS and I Reunited!

$LVS

So here are my trade tickets for $LVS today, I don't have enough to do the graph and all that.

Basically I shorted it at 51.73 and my risk was only .20 cents. The way I calculate my risk is that everyday I am willing to only risk $10 of mine. Therefore pay attention in the following calculation:

Side Note: Shorting is when you attempt to profit from a stock going DOWN. (thats what I did)

Risk = $10
Risk trading stock = .20 cents. (which means if it goes .20 cents against me I will exit the trade)

To figure out how many shares I need to trade to stay within my risk tolerance please follow:

$10 / .20 risk = 50 shares

Therefore I will only Trade with 50 shares in this trade, what that allows me to do is not act like an idiot when the trade goes against me, I know I will only lose $10, nothing MORE!

Here are my trade tickets for today:

Why oh Why?

$LVS - Addiction

After getting smoked by $LVS 2 days ago, I came back for revenge! EVERY single time I type in "LVS" into my level 2 screen it has a NICE setup...today it worked and I will update as to how it worked and why!

Stay Tuned!

Multiple Trade Day

Today I traded about 4  stocks

Before the market opened my notes said the following for today. Again it is very very important to always have a plan and not rush any trades or F up on what share size to take. I f'd up on the share size in 2 of the trades which caused losses.

The Following is my trading plan prior to market open:

$FB (Facebook)

• only play the stock on a legit move down, look for reversal - pre-market 26.40 support (this means $FB will have a hard time breaking through 26.40
• Resistance at 26.75 (this means $FB will have a hard time going past 26.75)

$CPWR

• Let ride up to 11.90 and short or...
• break down below 11.34 and short only after confimations

$CCL

• Let it ride up and short around the 33.30 area or...
• If it goes under 32.90 then short only after confirmations

$GOLD

• Resistance areas: 79.30-79.50 (which means stock will have a hard time going above this price range
• Short the stock below 78.90 but only if there is confirmation with the right pattern

I will update with charts probably tomorrow, or over the weekend depending when I have time. 

Peace out!

What I learned today: Do not rush into a trade. It is not worth it. If you miss it, 1...2...3...F it.

The Hitesh Sharma Trade: Epic Fail

$LVS

I am sure whoever has read my blog before knows that I stay away from trading $LVS, its the whackest stock ever, it will fake you out and do everything possible to take your money! So I stay away from any stock that is guilty of this crime, #1 on my list is $LVS. BUT but...I gave $LVS an exception today...why? Because my friend was over, first of all today was supposed to be my day off from trading. I had whack duties like , I was doing my taxes and getting my papers ready...this dude comes over at like 12:30 PM and I'm like wow...epic fail.

This dude never ever ever seen a live trade, so it was late, it was 12:30 PM and around this time can be the slowest time in the market but honestly not today...today the markets FELL and they fell nasty, especially after 12. Again, I lost $20 demonstrating to Hitesh how trading works and why I was never really afraid of trading $LVS, I told him this is why I am trading it, I am willing to risk .30 cents for every share and I expect this to happen, his lame ass watched and examined. I also put him control of the ship for about 5 minutes while I ran upstairs and changed my clothes...all he did was watch and wait for my order to be filled, it didn't get filled, I warned HIM do NOT touch anything else.

The fact that I did not wake up to trade today also meant I had no trading plan, I was flipped through a few symbols that I was familiar with and $LVS was the only stock that has a legit setup. If you look at the chart on the left, you will see $LVS fell HARD in the morning, but it did pull back and then it started consolidating, and this is where I saw the opportunity. Again I didn't get much time to actually study its behaviours, I knew it was $LVS and $LVS has a bad rep in my books but the setup was there. I told Hitesh, I was like "look dog, when this stock cracks 53.51 its a wrap, its gonna break down and possibly his 53.20 ish zone, so I put in a order for 50.51 and it got filled, but there was soooooooooooooo much support around the 53.50 area that it honestly took $LVS almost 1 HOUR to crack through the floor, and this is honestly a warning sign. If the STOCK does NOT do what you want it to do, then look at exiting the trade, it is not worth to stick around and wait for your stop to get hit and be down a significant amount. And that is exactly what $LVS did, it just whacked off in that 53.50 zone for about an hour, bounced around but never really broke through with force. So long story short, $LVS and I are still on bad terms, Hitesh Sharma got an understanding of what to stay away from if he ever decides to trade. P.S. I totally did not prepare for this trade.

*Right Click Picture, Open in New Tab*

Below are my Trade Tickets:
The last order at 15:32:31 got filled while my ass was at work, again that was a security measure that in case $LVS did not reach my target of 53.25 the system would automatically get me out at 53.60 and I would only have to suffer a -$10 loss and that is exactly what happened because $LVS is a wild hooch like that.