December 2004 Archives

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.

My scans turned up absolutely nothing for today. The low volume and low volatility has created a ton of "nothing to see here" charts. So I'll continue to just focus on managing my stops and a day trade or two. Speaking of day trades, I see that my new favorite stock, ANTP, is gapping up again. That's one wacko stock!

Here's an article listing 5 important lessons from 2004. (via G's Investing)

Currently holding:

I rarely try counter-trend trades but ANTP was just begging to be shorted. And I figured that the 50 area might turn into resistance. This is one from the "try anything but use a stop" school. (An old Todd Harrison quote.) Here's the intraday chart (15 minute candles) followed by the daily chart:

Alan Farley has written an article detailing his trading resolutions for 2005. Like Taylor, I like the the 'delayed gratification' resolution. I'm always striving to take a longer term approach to my trading. (via TaylorTree)

As for predictions -- I'm so sick of hearing/seeing people making market (and individual stock) predictions for next year. As if anybody knows what's going to happen. So here's the only prediction that's guaranteed to be 99.9% accurate -- Prices will change in 2005! You didn't really think I was gonna make a market call... :-)

There's not much on my swing lists today and that's fine with me because I really don't want to do much in this light volume. I'll be content to just manage my stops on my current positions. I may make a sale or two just to free up some cash that's been tied up in positions that are just going sideways.

Currently holding:

Here are a few charts. First is the Nasdaq which shows the recent new highs on weak volume. That can't end well, can it?

Next is the SOX, which got stopped by its 200-day moving average again today. I knew it wouldn't be easy to conquer that line.

And finally, the chart of Phazar (ANTP) which has been on a ridiculous run recently. It's up 1,116% since October 4th. My vacation fund could use one or two stocks like that! :-)

I thought I'd join in on APennyFor's Best of 2004 Bandwagon Project. These aren't necessarily my best posts of the year, but just ones that stood out to me as I went through my archives. This list may be especially useful for those of you who are relatively new to this site. So here they are in almost chronological order (ok, I cheated and put 26 on the list but who's counting?):

• IDSA is of the Chain... and I Missed It - This IDSA run is what got me to take a hard look at MaoXian's Trading for Dummies lessons.
• What's a Stock Worth? - Mark Cuban talks about a stock's true value.
• Another Look at Multiple Moving Averages - One of my favorite indicators.
• Let's Review - A walk-through of how I read and traded the May bottom. This should give you a good feel for what I do and how I do it.
• Trading 101: Expectancy - One of my favorite topics.
• Trading 101 - Trading for Dummies - The title says it all.
• Trading 101: Moving Averages - A primer on moving averages.
• The Dangers of Thinly Traded Stocks - I hate thinly traded stocks!!!!
• Success Leaves Clues - Wisdom from some great traders.
• Free Positions! - A portion of my money management techniques.
• My Virtual Trading Room - A chat transcript which gives some insight into what I do all day. Exciting stuff! ;-)
• Tips on Reading Weblogs and More Efficient Web Surfing - Some tools to use to enhance your web surfing.
• Try Mozilla FireFox - One of my continuing attempt to get the world to switch to FireFox and/or away from Internet Explorer.
• Increasing Your Blog's Readership - For the bloggers out there.
• Trading 101: Recommended Reading - 'Japanese Candlestick Charting Techniques' - Love those candles!
• Short Selling is American - My diatribe on short selling.
• Expect the Unexpected - I've still got to pick up Nassim Taleb's book.
• What To Do When a Stock You Own Gaps Up - Gaps are the bane of my existence. ;-)
• This is Why I Don't Hold Stocks Through Earnings Reports - Seemingly every quarter PLMO is a great example of post-earnings madness.
• I Can Find the Stocks, I Just Can't Hold the Stocks - Sometimes you can be right there and still not make money!
• Mr. Swing on Money Management - Some good money management articles.
• Ninety Percent of Trading is Half Mental - A reading list to help get your mind right.
• The ChartMan Unleashed - Some essential reading from Gary B. Smith, aka The Chartman.
• The (Very) Basics of Short Selling - A primer on shorting.
• A Question About Indicators - A bit about the indicators I use.
• Why I Don't Hedge - This surprised me by quickly becoming my most commented post.

Looks like Chairman MaoXian is back to trading after cancelling his vacation because his "Southeast Asian holiday destination was washed away". Talk about good timing! Anyway, today he's posted some quotes from Jim Cramer's book as well as a link to an article predicting troubles in China.

We're back to having new highs on the indices basically across the board. The SOX is still a notable exception as it continues to languish under its 200-day moving average. Still, this is a very tough market in which to be short.

I see it's been a while since I've posted charts. That's because the action has been pretty dull. We're just drifting around with a slight bias to the upside. I'll be sure to post some charts today though.

Currently holding:

I'm seeing a lot more short candidates than I have in a while. I may try one or two if they trigger but I don't want to press my luck in this dull market.

I hope some of you caught that moon shot in TAYD yesterday.

Currently holding:

I hope you all have a safe and happy new year. I'm going to try to finish reading 'How to Make Money Selling Stocks Short' before I head out to celebrate the new year tonight. So look for the review over the weekend. I may also post some resolutions. I've never really been one to make (New Years) resolutions but since Michael Taylor has been sweating me about it maybe I'll cave this year. I do have some trading and blogging goals in mind so that may be a good excuse to write them down.

I have to give a special thank you to Adam Schierholz for his very generous donation to me today. As Dave Chappelle would say "I'm rich bi#@$"! Adam made some good coin on a couple of stocks that were in my watchlists recently. I've been wondering if anybody actually trades those stocks. The sad thing is that I never even traded those two stocks. Go figure! Adam is the co-author of what appears to be a very entertaining book about his college experiences, 'What They Don't Teach You at Yale'. You can read a section of the book on his site (PDF). I may have to write something similar about my days at $tanfurd (that's the Berkeley spelling of Stanford).

Now to figure out how to spend that donation money. I'm picturing a bottle of Hpnotiq for starters. :-)

See you all on the other side of midnight.