Stock Trading Predictions & Technical Analysis: Introduction

Tuesday, September 1, 2009

Introduction

Hi everyone, over the past year some of you may have been following my posts on the boards of Google Finance, and after making consistently successful predictions, I started receiving a lot of personal e-mails from other traders asking for my advice and guidance in the stock market. So now, I have decided to start my blog, so that I can share all my thoughts about where I think the stock market is headed, as well as give you some tips. I will eventually share with you my personal trading strategy. I will also be giving you my personal stock picks, price targets and opinions, as well as answer any questions you may have. I will still participate in the Google Finance boards, and I will post the same analysis on the boards than in my blog, so that you don't have to search through all my postings on the boards to read all my analysis. I will eventually share with you some of the personal experiences I've been through while trading, and what lesson I learned from them. I will regularly share with you what positions I'm holding, as well as if I currently have the stock I'm writing my analysis about.

What type of trader am I?
I'm a swing trader, meaning that I try to catch trends early and ride them as long as possible. I may be long one day with one stock, and short a few days later if the trend reverses. I may hold on to a stock for a couple days or weeks. On average I may hold positions for as long as 2-4 weeks.

Current Positions:
Short BAC
Short TIF

I will be posting shortly some of the analysis I've posted today on Google Finance, and will continue to do so starting today.

2 comments:

mycSeptember 22, 2009 at 5:49 AM
hi
I found your blog and I am so happy - Great and useful up to date infromation.
I am an European user from Hungary.

I have some stocks on US market.

Yesterday, I bought a new one, STEC.
Waht is your opinion?

thx in advance
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YoelSeptember 22, 2009 at 9:24 AM
STEC is a major SELL ever since it broke its 50 day MA and uptrend at $35.00. However STEC may be near or at the bottom, but is still trending down.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.