Tuesdays must be my thing....

Well, here it is, another Tuesday and I'm posting. I work part time and seem to have the most time to post or think about posting on Tuesdays. So let's get to it!

Okay, I took another online tutorial by Toni Turner yesterday which I found by linking to her site http://www.toniturner.com/ and then it links to http://www.realtick.com/ and the class was basically examples of her technical indicators that she uses to decide when a stock is a "buy". I took 2 pages of notes and she had great charts for visuals.

So yesterday my friend gives me some stock tips. One of those was RCAU and I watched it all day yesterday. It basically shot through the roof! So as part of my learning curve, I woke up this morning, jumped onto my streaming quotes screen and after seeing it was still climbing, I decided to buy some. Now, I only had a measly $140 or so in my trading account. Most of my $ is tied up in that damn PRW! And if I quit shopping I'd have a bit more to play around with, but any-hoo, I was able to buy 76 shares (whoooo hooo!!!) and then I sat and watched it some more!!

About RocketCity:
Rocket City Automotive Group, Inc. (PINK SHEETS:RCAU - News) was formed to acquire, manage supervise and operate corporations specializing in eBay, eBay Motors services, eCommerce, software development and retail automotive operations.
RocketCity holdings include IT Lagoon LLC, eAutoDrop, Inc. and CompleteAuto which functions as a certified solution provider for eBay Motors and offers proprietary software, personnel and design solutions to hundreds of automotive dealerships around the country.
RocketCity believes in the enormous growth opportunities in the $1 trillion dollar automotive retailing industry. The experienced management team will continue to execute strategic initiatives to maximize operations in this marketplace with their products and services. Visit them on the web at http://www.rocketcityauto.com/ to learn more.
Learn more about CompleteAuto by visiting:
http://www.completeauto.com/.

So I learned a few interesting things today. I learned that I do have what it takes to eventually make some money in the short term market. If I would have just put in $3000 today on RCAU, at several points in the day I could have easily made over $900. That will more then exceed my daily goal when I'm up and running.

The other thing I learned is that I NEED MORE MONEY TO PLAY AROUND WITH!!! This is crucial to my success. I get paid on Thursday from my other part-time job and we will see if I can get it into my trading account!!!

Homework

Well, I know I have not posted in about a week but I've been busy doing my homework. I just took an online class this morning at the Better Trades school. I took the class called Trend Trading and it is taught by Markay Latimer who told us she started with about $2000 and in a little under 2 years had turned it into over 2 million dollars! She is a strict analytical (can you say CHARTS) trader and most of this lesson goes over basic Candlestick charts and focuses on using trend lines and moving averages to buy and sell. She also covers some price patterns such as the Wedge and Rectangle and explains what these mean.

I found the class easy to follow and was able to understand everything she said for the most part. She did get into options and contracts and I have yet to venture there so did get a bit lost but the basic concepts she taught could be applied to standard stock purchases as well.

And on a bright note, PRW was soaring today for no reason I can determine as of yet! I am poised to sell. I'd like to get my initial investment back and move on to something better! Stay tuned to see what happens!!

Hmmmm....

Well, WITM did NOTHING today. Neither did much else. In fact, the stock market bombed totally. Very discouraging for a newbie. I spent most of the day watching the ticks, most of the positive ones were happening where I least suspected them. Although, RPTN and ABAT did well again today. Also, strangely enough, so did ITLI. This is what makes me want to throw in the towel! But no, I'll struggle on. I just don't understand any of it yet.

I did read a very interesting blog tonight: http://blog.afraidtotrade.com/ and was admittedly fascinated by some of his concepts. I'll be watching him! (is it a "him" or do you ever really know?

Well, in the meantime, if you are here reading my blog, check out my jewelry website. http://www.stonesonstring.com I'm much better at making jewelry then playing the stock market.......so far! Chow!!

Hmmmm....

Well, WITM did NOTHING today. Neither did much else. In fact, the stock market bombed totally. Very discouraging for a newbie. I spent most of the day watching the ticks, most of the positive ones were happening where I least suspected them. Although, RPTN and ABAT did well again today. Also, strangely enough, so did ITLI. This is what makes me want to throw in the towel! But no, I'll struggle on. I just don't undertstans any of it yet.

I did read a very interesting blog tonight: http://blog.afraidtotrade.com/ and was admittedly facsinated by some of his concepts. I'll be watching him! (is it a "him" or do you ever really know?

Well, in the meantime, if you are here reading my blog, check out my jewelry website. http://www.stonesonstring.com I'm much better at making jewelry then playing the stock market.......so far! Chow!!

Dazed and Confused

Well, this is harder then I thought. I am trying to get a handle one things. I am all over the place!! I need some specific direction and did get some today from my good friend. I seem to have a bit of ADD when studying stocks. I look at one thing and then start looking at something else and then before you know it, I'm all off track! So here is my focus:
I go to stockcharts.com and look at the scan of the new 52 week highs. Then I find stocks within my price range and study them closer. I am looking at the SMA using 10 and the EMA using 30. Mostly with the period at 3 months. Then I check the MACD and finally the Bollinger Bands. If all of this looks screamingly good, then I investigate further. I look at news, historical data/prices and whatever else I can find. I also go to Google Blog Search and check out anyone else who might be talking about this in their blog and find out why.

So tonight my studies included the following: CIMT, CMGI, LSPN, NSSI, RPTN, RYQG, WITM and ZROS. I really like WITM. I'm going to follow that one and see what happens. With the recent time change I'm a bit fuzzy so off to bed!

Weekend Update

Well, last week was not too exciting. We had a good day and then a couple ho-hum days. I did watch ITLI and it did drop back down but hard to say if it was due to poor market conditions or just a temporary pullback.


In the meantime, still trying to unload PRW. Watching and waiting for just the right moment. I think it may go back up on Monday.


I am reading my book every chance I get. Really trying to learn the Candlesticks and what they mean. While searching around online last night I found a stock that interests me a little bit - SWEB:


Stockgroup Information Systems: Company Report
Suite 500750 West Pender StreetVancouver BC V6C 2T7
Phone: 604-3310995
Fax: 604-3311194
http://www.stockgroup.com


Industry : Business Software & Services
Employees : 49
Exchange : OTC BB


Stockgroup Information Systems, Inc. (Stockgroup) is a financial media and technology company. The Company licenses financial market data, content and software applications, which its customers use on their Websites. It also operates StockHouse.com and StockHouse.ca, two Websites that provide free stock quotes, market prices and investor financial message boards for major financial markets. It also provides advertising services to stock companies. In February 2007, the Company completed the acquisition of the Mobile Finance Division of TeleCommunication Systems, Inc., a provider of wireless data solutions.

So on Barchart.com it is rated as a 100% BUY right now. The chart looks good, I think. From the little I have learned so far on charts which to be honest, still leaves a lot more to learn! But here is what I see:


Does this look good? Anyone who can help me, it would be much appreciated!

Until Monday then,
Chow!!

Watching....ITLI

Okay, so today I'm going to watch ITLI. In the book I'm reading it talks about a pattern which usually ends up with no more then either 3 days up or down before the stock takes a rest. This stock is soaring so I am interested to see what it does. This will be a learning experience while I'm at my "day job" and can't really trade, even if I wanted to. But I can watch and that is what I'll do!
Happy Thursday!!

And by the way, the "day job" is why I am doing all this to begin with. Trying to gain the financial freedom to not have to work the day job anymore and focus more on the things I want to be doing instead! Good luck to me!!

A Sigh of Relief...

Yes, I'm definitely sighing in relief that today the stock market rebounded! Was I a bit discouraged that thing started looking bleak right as I am delving into this thing? Of course!!! I am relieved that things are bouncing back. To be honest, I knew they would. I did not doubt it for a second!

I am several chapters into my book and just starting to get into the technical analysis chapters. How to read a chart. Specifically, a "candlestick" chart. I've fought it long enough. Now I guess I have to learn. I've determined that my style of trading, once I'm up and running, will be swing trading or someone who holds their stocks a few days, waiting to take the profit and move on to the next big thing. I work part time and currently have Mondays and Tuesdays off every week and then every other Friday off too. So this type of trading will work with my schedule.

I'm sorry this blog is not more exciting. It will get better, I promise!! I think I might put a sell order in for my PRW stock that is not doing that great. If I break even, I'll be happy! Then I will buy into something that is moving better, maybe testing my charting abilities. Just to humor you, here is my watch list:
DMGI
OPBL
MLSS
CYTR
OFI
CSUH
YTBL (I discovered this one, by the way, back when it was like $2.00something and then shot upwards of like $18.00!!!)
ITLI

So that is all for now. Mostly I'm thankful the market is heading back up and giving me faith in all things good in the world.

Market Turmoil

Okay, the market is not doing it's best so I am going to turn away for a little bit and do some more research. Got a new book: A Beginner's Guide to Day Trading Online by Toni Turner. I read the first 2 chapters in the store and I was mesmerized! It is not extremely specific to "day trading" but focuses more on short term/swing AND day trading and gives you the knowledge you need for all three in addition to using easy to understand language and terms. The analytical part looks like something I can follow as well and it appears I will need to understand that part if I'm going to make any $ at this stock trading thing!

So for now I read while the market simmers and stews in it's pot. Happy weekend to all!