Big Gamble

Being that it is the last day of the contest, I decided to make a bigger gamble then normal. I put almost half the portfolio in IIIN. Although, this could easily backfire, I was basically looking for something that could return 10% in one day. Steel and materials stocks caught a bid yesterday and if it carries on to today then IIIN could squeeze some shorts. They also cleared a downtrend line I had yesterday. Of course, they could pull back and test support. I also am holding CRS and SLW. Good Luck to anyone else in the contest.

DT

Sorry for the lack of updates

Sorry for the lack of updates to the portfolio lately. I've been having to take the afternoons off lately for several reasons. The last changes made to the portfolio was to add CB and SLW on Monday. Currently the portfolio holdings are SLW, CB, KMG, and CRS. To be honest, I got whacked the past few days dropping me under breakeven for the first time since the 3rd or 4th day of the contest. I was up about 7-8% at one point without any significant drawdowns until the past few days. I will post a thorough review in the coming days posting what I've learned about using trade ideas for swing trades vs daytrading.

DT

Swapping out OMC

OMC has been showing stength during the pullback but they started pulling back as the markets were finally showing some strength. I can't blame it on OPEX as they were between strike prices. I decided to get rid of them and take CRS which came up on one of my scans.


DT

Won't be around

I've been taking care of some errands today and I won't be around for the close, so I am adding FLSH now. I had raised some cash and they triggered an alert. The daily chart looks good as they pulled back on decreasing volume gently touching the 20sma.

DT

Sold SAFC

I sold SAFC today due to the multiple dojis at resistance. I normally would set a stop under the dojis and wait for a possible move higher, but I prefer not to take any chances due to having to sell and end of day. I added a little to CMED to replace some of the shares I took profits in last breakout. I just left the rest as cash since I wasn't seeing anything worthwhile.

DT

MRVL was a disaster

Well, MRVL was a bad choice and I replaced it with OMC at the close today. OMC didn't pullback with the markets the past few days and in fact, made a new 52 week high today. Look's like there will be a technical rally tomorrow which I may use to get out of some of the holdings.


DT

Update

I forgot to update the site on Friday, but I bought MRVL as they were triggering alerts to the upside as the market was selling off. Hopefully it pays off as the portfolio took a hit on Friday. I am currently in the top 26% but my percentage gain is only about 4% overall. Still, that's not too bad considering how stable the portfolio has been and with the markets selling off pretty steeply.

DT

I must be going crazy

Well I guess they were late with updating the portfolio's as now I have SAFC and THE is gone. It's a good thing too since THE was down a good bit and SAFC is near unchanged. CCJ is getting hammered and I'm sure it will hurt the porfolio. Needless to say the will be gone by the end of the day.

DT

Trade didn't go through

Not sure what happened but my THE sell and SAFC buy didn't go through yesterday.

DT

SAFC

I did make a move replacing THE with SAFC.

DT

No changes yesterday

And not sure if I will add anything today either. It looks like I will sell THE after a steep reversal following a Gap to new highs. Not sure about the rest.


DT

BIDU

Well, BIDU is sitting at 75 plus AH after closing at 61.38. While it would of been sweet to book that kind of gain, BIDU could of easily been down 20%. Still, it's worth watching tomorrow to see what happens.

DT

Sold SINA and BIDU

I put in the sell orders on BIDU and SINA earlier today, and BIDU started selling off prior to earnings and SINA pulled back to about unchanged. It would of been nice to lock in today higher, but that's the rules. I added KMG and CCJ about 30 minutes ago, and I'm afraid KMG is running too much. Still, it has cleared some formidable resistance and looks poised for a nice run.

DT

Added MAN today

I didn't plan on selling anything today as I think my four holdings remain well positioned, but I couldn't pass up on the MAN chart this afternoon. I ended up taking partial profits on CMED,SINA, and THE to buy some MAN. I plan on selling most if not all of BIDU and SINA tomorrow since they both report after the close tomorrow.

DT

Friday's Move

I was away from trading all day Friday, but I did make a move in the morning. I sold CMC to lock in some profits and placed the order for CMED. CMED reversed a little throughout the day and left a long wick. I still think it looks good though, so I will see how it plays out today.

DT

New Picks

Well, TDW was horrible and PDE didn't look much better so I gave them both the boot. I added BIDU and THE today as two different types of plays. THE reported solid earnings and rose to just a few pennies shy of a 52 week high. If they can follow through and get some momentum players in, then it may get interesting. BIDU is not near a high, but cleared resistance at 62.50 and may be headed to low 70's. I still have some CMC and SINA.

DT

Out all day

I was out all day so I didn't make any changes to the portfolio. Looks most of the holdings were pretty bad today with TDW leading the way down. I will re-evaluate the positions tomorrow to see if they are worth holding.

DT

Taking profits in CMC and MVK

I am taking full profits in MVK and selling half the CMC position while the gettin's good. I like CMC for a bigger move, but since I can't sell when I want I decided to lock in some profits. I was actually seeing a lot of good options to add for today and decided to add three positions. I added SINA, PDE, and TDW. Some of the others that are worth watching are HELX, SPW, EXPD, PTEN, NBL, CSX, and POT. There were more, but these are the ones I was decided on.

DT

Update

Man, what a rotten close. I had put in the orders to sell all the current holdings and swap them out with CMC and MVK, and not 2 minutes later, the indices fell apart. I would probably prefer to sit in cash but there was no way to cancel my buy orders. CMC still looks good closing at a new 52 week high, while MVK looks a little iffy. CMC showed up on one of my more strict scans, while MVK showed up on a daytrading scan.

DT