As of October 31, 2012

One thing I hate is talking to people that trade stocks and they never, ever will show you the bottom line. The P/L or the Profit and Loss statement. I do not post here enough but here it is as of October 2012. I’m down $1365.94 for the year which irritates me a bit but I have to keep reminding myself that playing individual stocks is hard. If it was as easy as some people make in sound, then why won’t they show you the P/L or quit their day job? Well it doesn’t take a rocket scientist to figure that out.

I will keep plugging away until I find my groove and when I do, believe me, you will hear and read about it. I’m close, discipline, discipline, discipline.

Sometimes things just workout

Do you see that little green note on the stock chart above? That's a note I made on the chart Friday, October26th that price fell below my CBL by the close of the day and it needed to be sold. Monday and Tuesday the makets were closed because of Hurricane Sandy. Come the opening today and PVH was up 20% on news. Do I care what news? Nope, sold that puppy for a 12.61% profit after commissions. What a turn around. I was down about 5-6% and now I was dancing in the streets. 

Just goes to show, sometimes even I get lucky in the stock market. I think I've earned it after all the hard work I do trying to figure this stuff out.

Ok party is over, back to the markets. :)

Are you better off?

Ok, I hate politics but I keep hearing this question over and over again and instead of listening to all the crap that each politician puts on TV I decided to just check the charts of the stock market. What the charts below show is the first 4 years of President Bush and then the first 4 years of President Obama. All I can say is a picture is worth a thousand words. I realize that not everyone plays the stock market but in a round about way the stock affects everyone.

A few more stocks to watch next week.

Deck has met all the rules for a buy, but right now it consolidating price. If price breaks closes above $49.94, then I would buy this again. Notes on the chart.

I currently have a position in DMND. If price can create a higher pivot low above $18.50, I would buy again. Personally I cannot re-purchase this stock until it gets above my original purchase point, which is marked by a green dotted line, because I will buy more of a stock until it becomes a winner. I’m currently 5% down in this stock, but it still looks good to today.

EXK is sitting at the opening gate and ready for takeoff. With that said it has pullback below the red downtrend several times, so wait for it, do not jump until price tells you to. Stoploss and Max Chase is also marked on the chart.

HD is a classic Bull Flag and I would buy on the breakout to upside. If she falls out of the bottom, lookout below.

LVS is looking like it might fall into the failed breakout category, but it still has time to create a higher pivot low. If you own, make sure your stoploss is honored.

UA another classic Bullflag.

CTRP

I already bought and sold this for a small profit. Read the notes on the chart because this is back in watch list.

CAB watch

Notes on the Chart, but waiting for something to happen.

ATML

Still has not broken the downtrend line. Price is still below both 50 day moving averages, EXP & Simple. Using the the Count Back Line approach, price would need to close above $6.24 before I would buy ATML.