Famous Failures

Posted by Kevin H at 8:23 PM 0 comments  

Enjoy Life; The Journey

Posted by Kevin H at 6:53 PM 0 comments  

SOLD V (VISA) +6.51% GAIN

I entered around 74.54/Share and sold at 79.39. I had set my stop at 72.5, which gave me an R of 1.7.

Last week I was debating to sell or not, and I should have pull the trigger to sell. I was on the fence about being "long-term" or "short-term", but I don't have the gonads to hold through the "pain" of the past three days.

I gave back too much profit. Ultimately, I needed to protect my gains and hence the reason for me selling the position. I've traded V twice now and each time I've achieved 5+ % profits.

I will be looking for re-entry soon.

Posted by Kevin H at 7:43 AM 0 comments  

SOLD EOG (EOG Resources) +6.62% GAIN

I entered into this trade at $129.07/Share and sold it today at $137.61 for a 6.62% gain.

My stop was at $125 and my target was $140. 2.69 was my R.

Based on STO, the stock is still overbought. With the market the way it has been, consolidating, I figured it would be a good time to get out in the short run.

This chart has been relatively solid the past three or so years. I will be looking for a reentry point as it nears oversold.

Until then, I'll be sitting in cash and looking for other setups.

Posted by Kevin H at 11:46 AM 0 comments  

SOLD ANR (Alpha Natural Resources) +12.58%

Upon reading The Market Speculator's post on ANR, I did further research and similarly decided to enter the trade. My mental stop was a bit above the 50 Day Moving Average at $47.5. My R was 1.4.

I entered at $50.63/share and sold today at $57/share for a 12.58% profit.

It took a lot of "self-convincing" for me to sell this stock today because of its strong chart. But I wanted to secure some of my unrealized gains the market has generated in past few weeks. Additionally, this stock looked like the "weakest" in my portfolio. It's STO indicates that it's overbought. It looks like support is just under $55. But, I don't believe it can get back to oversold without dipping below $55.

I will be keeping an eye on this stock because it looks like a good stock to trade in and out of.

Ultimately, recent market consolidation day/s and what I just mentioned led to my decision to take profits.

*This was one of the trades I executed using the cash from my BA trade.

Posted by Kevin H at 11:11 PM 0 comments  

Yerba Mate.. WOW

#1. Yerba Mate (Buenos Aires, Argentina)

Consumed from a gourd, and replete with a straw that strains the leaves for you, yerba mate is the food of the gods. It contains three stimulants (caffeine like coffee, theophylline like green tea, and theobromine like cocoa) and provides an extended increase in mental performance without a subsequent crash. I love "Cruz de Malta" brand, and I credit this beverage with producing my first book. Pura vida!

#1. Yerba Mate (Buenos Aires, Argentina)

-Justin Glow

After reading about it in the forums, I walked to the local Trader Joe's and picked up some Yerba Mate in hopes that this potable mixture would help me stay up late into the night. Though I was warned the Yerba Mate at Trader Joe's was weak, I decided to start off with this rather than with the strong stuff.

Conclusion: I think I need the strong stuff...Zzzzzz

Edit: It kicks in...eventually. I like how it keeps me awake, but I can still go to sleep if I need to. It's soothing in that sense.

Posted by Kevin H at 12:07 AM 0 comments  

SOLD BA +8.92% PROFIT, PICKED UP...

I had to let go of BA today. I didn't want to, but everything was pointing to a very overbought short term stock.

-Declining positive volume over the past couple days
-Resistance at around $86
-Stochastic as well as the RSI indicating very overbought
-Red candle today did it for me

I wanted to protect my profits. Too many times in the past have I seen myself give back my profits. I entered in (factoring in commission) at $78.44 and sold at 85.44. This gives me a 8.92% profit on that trade. Looking back I had my stop at around 76.5 and took a risk R of 1.58.

Selling this trade may come back and bite my in the butt because of Boeing's strong fundamentals, but I think in the short run it was a decent trade to make. If it fall back to a certain level, I will consider entering it once again.

And out of superstition (based on some past experience), I am not going to talk about trades that I am in. I feel that it gets my emotions out of sync, which won't allow me to trade with a clear mind. That being said, I leave it open that in the future I will discuss trades that I am in.

Posted by Kevin H at 11:10 AM 0 comments