So here we are. The 158 years old company is filling for bankruptcy (Yahoo! news, Associated Press). The next morning in the stock market and probably the entire week will be very shaky so we can expect some stormy trading. Monday trading may be very deep sell off. However I agree with this even though Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
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Pics 09/08 – 09/12
No new picks. Existing holdings: Symbol Qty Last Gain($) Gain(%) AFAM 7 41.98 22.47 8.28 BABY 12 23.05 -13.20 -4.55 PEGA 19 13.02 -38.19 -13.37 WCG 6 42.64 -1.56 -0.61 Contribution this week: $0 Starting account value = 2,032.67 Account value = 2,048.50 (without margin) Buying power = 2,963.03 Portfolio Gain/loss this week = 0.78% Continue reading →
Is AFAM showing a sell signal III ?
Today’s sell off just confirmed my concerns regarding the market and possible addition to AFAM. This post is to finish my view at this stock. On some other web sites investors can read analysis about certain stock with possible future outlook, but then none of the web site comes back to the stock to revise Continue reading →
Is AFAM showing a sell signal II ?
Last Friday AFAM has touched its 50 MA average on high volume. It started dropping as a rock and it was scary move. I mentioned that this move would be a correction only if the stock bounces back on high volume and it would be a good opportunity to add more shares to the existing Continue reading →
Pics 09/02 – 09/05
No new picks. Existing holdings: Symbol Qty Last Gain($) Gain(%) AFAM 7 37.64 -7.91 -2.91 BABY 12 24.60 2.04 0.70 PEGA 19 14.66 -26.22 -9.18 WCG 6 41.76 -14.22 -5.52 Contribution this week: $0 Starting account value = 2,115.58 Account value = 2,032.67 (without margin) Buying power = 2,958.94 Portfolio Gain/loss this week = -3.92% Continue reading →
Is AFAM showing a sell signal?
A turbulent market with deep losses turned the trend back to correction. It is difficult to recognize whether this would be the time to give up positions and sell stocks. It requires some experience to find out that a particular stock in investor’s portfolio displays a red flag saying: “This is not correction, I am Continue reading →
Market 09/02 – 09/05
The market’s rally is definitely over. Steep drop more than 2% on high volume ended this rally attempt. See the chart bellow. The only thing I can do these days is to wait. I am not going to sell my positions unless they hit my stop loss level. Some stocks lost ground such as AFAM. Continue reading →
Strategy – money management II.
In the previous post I was talking about money management I apply on my trading. In summary this is my settings: – maximum draw tolerance 25% (if all my trades will be a failure my account will loose 25% of its value) – maximum risk per one trade (stop loss per trade) 5% – with Continue reading →
Discipline
Discipline and patience is alpha & omega of any trading or investing. Without it an investor would experience huge losses. I have my own experience with lack of discipline and patience. I lost about 60% of my initial principal when I started trading about three years ago. I still fight with my emotions. My biggest Continue reading →
Market 08/25 – 08/29
This weeks’ market behavior was little shaky and volatile, in weekly terms it went sideways. However I could see one positive point in the last August week trading. Even though on Friday the market dropped very significantly (Dow -171.63; -1.47%; 11,543.55; Nasdaq -44.12; -1.83%; 2,367.52; S&P -17.85; -1.37%; 1,282.83) the end of the week shows Continue reading →
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