2/22 Portfolio Update

Today is an exciting day – I am now officially a full-time trader and employee of BullsOnWallStreet.  Going forward, you’ll start seeing a lot more posts here and on bullson.ws as I chronicle the next journey in my life.

From the trading account:

Did some scalping in MPG for 6% gain

Sold PMI swing for 8% gain

Bought KFN at 6.32 and NVLT at 1.42 – we’ll see how these perform tomorrow.

Tags: KFN, MPG, NVLT, PMI

Kaboom

What a great day for traders as many stocks rocketed up, stayed up, then rocketed again.  As usual, I was pretty busy at work and didn’t get to spend quality time trading and hanging out with fellow stocktwitters. However, I was able to make some rock-star gains in a few timely trades..

• CPE – I was holding CPE over the weekend and I’m glad I did.  I still hold my full position even though we’re at horizontal resistance.  I’ll watch this cup/handle breakout and see what happens (great volume today).
• CIM – I bought CIM in hopes we would see a horizontal resistance breakout.  This is a swing trade for me and I have a stop loss at $3.6.
• BEE – took a day trade here.  Bought as it moved through top trendline resistance and sold at $1.17 for $.18.  Nice.
• FAS – I didn’t have much time to trade here, but I did manage a small profit – bought at $8.48 and sold at $8.89.
• PMI – another massive day trade play.  Bought at $.93 and sold at $1.09. Kaboom
• RF – lastly, I traded RF (buy $4.97, sold at $5.41).

Needless to say, it was a magical day.  Holding CPE and CIM overnight.  Yes, I probably could of made more today and maybe I should have held overnight.  But, I like to reduce risk. I’m 90% in cash and that’s how I like it when I go to bed.

Tags: BEE, CIM, CPE, FAS, PMI, RF

I’m Back

© www.mcawilliams.com

I took a few days off from the wonderful world of trading to finish up a few projects around the house and just relax.

Now that many of the to-dos  are in my rear-view mirror, it’s time to, cautiously, put one or two toes back in the day-trading pool.

I currently own CPE, long, (bought on MA20 last week) and sold a lot of positions last week for great profits – ICO, HERO, and more.

Watch List Clean Up:

WOW. I really wish I would have played more from this list – especially Friday.  Good grief – the breakouts were numerous.

• PMI - 50MA bounce – as hoped.
• ICO – kaboom
• CENX – double kaboom.
• AES – strong moves Thursday and Friday
• PCX - wow. Where was I all week?
• ARNA experienced massive moves Wed/Thursday. Beautiful day trades.
• ALD – KABOOOOOM  thank you ma’am.
• BEE still interesting.
• ACAS – I feel ill with all of these winners off of the watch list.
• NOVL – still interesting. MA20/MA50 about to collide with triangle.  Looks more like a short than a long.
• MWA – yet, another.
• IM - go go go

Ok, that was painful.  I missed out on so many opportunities that were right there in front of me.  Oh, well – time to look forward – the Watch List is cleaned up and ready for new additions (next post).

Tags: ACAS, AES, ALD, ARNA, BEE, CENX, CPE, HERO, ICO, IM, MWA, NOVL, PCX, PMI

Thursday Night Update

Hello, all.  How was your trading day?  Did you enjoy the choppiness of the markets or is it driving you crazy?  It’s a tough world.

Watch List Thoughts:

PMI – COME ON!!! When are you going to break through MA50?  I’m still hopeful?

CT – removing from Watch List, for now.  It is sitting on MA20 support and there has been some accumulation.  OK, I’ll watch it from a distance.

ICO – my coal play. Coal moves, I’ll likely pay ICO.

AES - watching to see what happens at MA20/MA50 crossover.  Heavy resistance at $7

PCX – top of channel. Watching at $5

FIG – KKKKAAAAAAAAAAAABBOOOOOOOOMMMMMMMMMM . I’ve have been sitting around waiting for the trendline resistance breakout. Finally got it.

GLD – My thoughts are on the chart.

ALD really tightening up on MA20

CIM – had a good day. I like the volume and trendline resistance test.

CTRP – nice accumalation today and sitting on MA200. I might find an interest as close to MA200 as possible

NEXM – nice MA20 bounce today. I would like to have jumped in lower, but what a great move.  May have more.

ACAS – Needs volume, but it still has my interest.  Watching above $3.

NOVL – It just feels like a move soon. consolidating down near MA50. Definitely worth a watch.

MPEL – starting to form a symmetrical triangle with great accumulation.

SPF - watching $1.8 resistance line in hopes for a breakout.

BC – looking for $4.5 breakout.

New Watch List stocks this weekend.

Tags: ACAS, AES, ALD, BC, CIM, CT, CTRP, FIG, GLD, ICO, MPEL, NEXM, NOVL, PCX, PMI, SPF

Massive List of New Watch List Stocks

I’m finally over the flu – man that was rough.  Life is back to normal now, so let’s talk stocks.  I was hoping to get involved today, but was just too busy at work…. again.

Quick look at the Watch List:

PMI – I’m getting quite annoyed with PMI – will it ever breakout through MA50 so I can jump on the move?

ICO – I’m not happy here – I was hoping for a move through $2, but it just hasn’t happened.  I’ll watch – but from a distance.

CENX – behaving well and will get excited if it moves through $4.

BBI – tired of watching it.  Moving on.

PLD – sitting on MA50. Bounce time?  Like a few others, I’m losing interest unless we get the bounce tomorrow.

IO – KABOOOOOOM! Play of the week, so far.  Absolutely wonderful day trade play on the move through $2.

BA – nice volume today, but I’m really getting tired of the a lot of stocks on the watch list.

CHTRQ showed lots of profit taking today.  Glad I made my profits here already. Removing from the list.

PCX – Watching at $5.

FIG – I originally added it to the watch list when a nice pennant was forming.  Now it is back on my list because of the horizontal support bounce today at $2.25

ARM looking likely to do  something interesting any day now.. besides the 11% move today.

ALD is sitting on MA50 and MA20.  Fall through here could be ugly.

(more…)

Tags: ACAS, ALD, ARM, ASIA, BA, BBI, BC, CENX, CHTRQ, CIM, CTIC, CTRP, ENTG, ESLR, FIG, HERO, ICO, IO, LJPC, MPEL, NEXM, NOVL, PCX, PLD, PMI, SPF, SPWRA, VG