Thursday, November 4, 2010

YOUNG GUNS TRADING

I'm proud to announce my new blog is now in full service and is looking GREAT - come join myself and the other traders at Young Guns Trading

Sunday, September 26, 2010

First Screencast - SPY PTRY ATPG OIH BP

Developing...


Original link HERE


Thursday, September 23, 2010

Major Change

Going to be some major changes to my blogging and trading life - as of right now I've spent the last month working and researching a new trading strategy using leveraged and inverse leveraged ETFs. I've practiced these strategies on and off in my swing trading account but I haven't focused on them as much as I will when I am testing this strategy.

As for this blog - it will be deceased shortly. I won't reveal the full details as to what I'm moving onto, but it is, indeed, bigger and better things.

Since the beginning, blogging, trading, and presenting ideas turned from a hobby into a passion. I will be teaming up with some very talented, young individuals to pave the way for a better community introducing new students to the market.

More details later...

Thursday, September 16, 2010

GIRL GIMME THAT

I yell this at my chart screens everyday before I wake up. Every time I do so, I profit. That's my trading secret.


Not really. Update later.

On a side note, Gold feels all bubbly.


Tuesday, September 14, 2010

SPY Levels September 14

Couple of things - I know it's been a while since I posted. Just extremely busy lately. Anyway, check this out:

RESISTANCE

There's a few levels I'm watching for the $SPY right now - 113.20 obviously as resistance - pretty much everyone and their mom is watching that price. I highly doubt, being this overbought, that we can just bust through this level.

If we reach this tomorrow I'll probably load up short via ETF's (probably $TZA, maybe $QID or $SPXU) but that doesn't mean I'm expecting us to get obliterated.

SUPPORT

111.40 would be a gap fill from the other day, and 111.20 would be the 200 MA - both look great as support. After that, I'm looking at 110.10 as previous resistance and prior support of the downward wedge we broke out of. A consolidation on any of these levels with stochastics pulled back to a less overbought condition would look very bullish.




Thursday, September 2, 2010

August Recap

Started off the month with consecutive losses - I finally got caught in the choppiness. It's ok though - made several VERY profitable trades late in the month (SA, SFSF, LRCX) with full positions that allowed me to end the month positive roughly +4%.

Today we got a little rally - I expect there's not much movement because of the nonfarm payrolls coming out tomorrow - which I'm going to expect the unexpected and assume it will be better than expected.

I'm trying to find some long setups right now that haven't already run - not having much luck at the moment. Nothing a SCREAMING buy as of last night - I made a trade out of boredom it almost seems today and partly regret it - in $BRCD. If we get a pop in the market tomorrow I still think this will run - it's trying to break out of a big channel.

More later...

30/
Out $SFSF 21.50 (+1.43)
25/
Covered $TPX 26.72 (-.38)
14/
Out $SA 26.63 (+.78)
Out $TXN 24.20 (-.42)
13/
Out $SPXU 32.87 (+.34)
11/
Out $LRCX 41.26 (+.53)
Out $YUM 42.24 (-.66)
4/
Out $PEET 41.45 (-.70)
3/
Out $HOV 4.50 (-.11)
Out $RCL 29.29 (-.66)

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Dallas, TX, United States
All trades are real trades executed through Daniel Speer. DISCLAIMER: This page and it’s information and services are provided for guidance and informational purposes only. All information contained herein should be independently verified and confirmed. Daniel Speer does not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Furthermore, Daniel Speer is not an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell securities. The buying and selling of securities involves considerable risk and you should always consult a financial advisor before doing any type of investing.