Yeah, nice one, all my watchlist this week was bad, every time a stock goes up goes down the days after. The stock market overall is out of power, the batteries need desperately a recharge but the FED is out of ammos. So in the end all we got is ramdom stock that goes up coming from no where only for a day. Great year 2015, I will remember.
Yea I made some money today but I truly feel exactly what you're saying. I made money with the crowd, not on my own. I want to be able to find stocks like that on my own.
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Not everything has to be complicated to work. Tim also uses StocksToTrade if you're into that.
I don't have that. I have esignal, charts are great but the scanner is trash.
etrade pro has a scanner and there are several other free ones. Simple is good. Equityfeed and the rest cost a small fortune.
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Thanks for illustrating the indicators! I'm learning a lot. How do you determine entry and exit points? Is it base on how the price reaches or breakthrough support and resistance?
Its a watchlist. In this kind of setting you use the "RED to GREEN" strategy. As for now they are all in the red execpt for CLF but its not doing much. NOthing always works but when it work you can make big money.



@wels1200 That's a great point: "opportunities like these will present themselves again and again." It's frustrating to miss out on huge profits. I missed out on ITEK, AQXP, and screwed myself on AVXL. But the silver lining is that I learned from it and it WILL happen again -- just gotta be prepared
the resistance at that time was 3.00 - remember when people say to play even numbers :) 3.00 was that level. make sure you have calculated the risk vs reward also. I was in the same boat - had one trade left was going to buy at 3.80, but chickened out then again at 4.00. I changed plans got in at 6.00 and was out at 6.49. small gain but i still have my account: http://www.investopedia.com/articles/stocks/11/calculating-risk-reward.asp
BTW my two eariler trades of the week was both losses along with the swing over night trade i had. so i was 25% for the week :)
Of course it can go back up but it doesn't matter. Stick to your plan no matter what.
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