Wednesday, May 16, 2007

checkpoint

Hey

I have been keeping close track of my checkpoint call and I am thinking that with options, there needs to be a longer time frame for if you are the purchaser. I will have to amend my rules to make sure that happens.

For those that don't know, I currently have a June 25 call. I still think that it will be profitable after this week's option expiration. But I could have managed the trade better.

I have been learning a lot since I started cataloging these trades and using the diary and my blog. I understand Fibonacci movements well and now am studying Gann movements (They seem a little tricky).

Oh, before I forget, Pepsi hit a new high today!

The Wikiwealth portfolio consists of the following:
Pepsi Stock (www.pepsi.com)
Checkpoint June 25 Call (www.checkpoint.com)
Sharebuilder Money Market (www.sharebuilder.com)
Optionsxpress Money Market (www.optionsxpress.com)

Have any ideas, questions, comments, web sites or different blogs to look at? Do you want to be notified when there is a new blog entry? Either post a blog or email at keanemd@gmail.com and let me know.

3 comments:

Trader Musings said...

Hi Chisoccer,

I have been day trading the Index Futures for several years, but still follow individual stocks with the thought of one day going back to trading stocks with a portions of my savings.

Since March and April of this year, I have been following a group of stocks just to see how they do in the short term - several months. The selection criteria was simple:

1.Making new 52 week highs.
2.On Balance Volume above its 20 period Moving Average.
3.Strong Volume.

The performance of these stocks amazed even me. Here is a symbol list:

AEP, AYE, BAX, BIG, CAM, CEG, CLF, EIX, ETR, FE, IPS, LDG, LEAP, LFG, MIR, MT, NFG, NWN, PCP, PEG, PPL, RRC, RS, SII, SJI, TSO

I may show some of these charts on my blog, if interested:

http://tradermusings.blogspot.com/

I also have a stop loss criteria that calculates the 14 period Average True Range and multiplies this number by 9. The product is subtracted from the 52 week high, and is automatically adjusted as the stock moves up higher. Many trend traders use this as a stop loss.

Charles

Andy Kern said...

Thanks for the referral. I will be sure to add this to my list!

Chisoccer said...

Thanks guys for the comments. I will be sure to check your blogs out for more info