Here is a list of 20 stocks that were either mentioned in my watch lists on this blog or in the chat room BEFORE they at least doubled or more in the past 6 WEEKS, every one i believe in both as far as I know.
A few still maintain this status as of today, though many have fallen below it. THIS IS WHAT TRAILING STOPS ARE FOR.
I'm in no way saying 100% could be made on these stocks,because of the trailing stop rule.
But isn't 20% or more ok to take out of the middle of that 100% run? I sure think so.
MAMA FORG TNEN ZICA HTI SKNN NWACQ ONSM CPNLQ TGEN CPSL XNN TSTC ZVUE AQUA NSLT GOAM SOLM ITKG MIVT
Myself i watch/trade stocks with unusually ABOVE average dayrange in a setting I feel is conducive for a quick pop or a nice few day swing trade setup.
Of those 20 only AQUA at the time i was not familiar with,but had to watch it off its 12/4 sq/vol/br.
I felt at the time a very small position in it at between .06 (which would have been a catch of green the next day)and .08 could very well lead to a double in the next day or 2. As it was it ran to close at .30 on the 6th with over a million shrs traded on the 5th and 6th. You can see by the chart that this one didn't even trade over 10k shares many days in the preceding weeks,it was actually a ZERO volume stock a few days in the last few months,which if you've followed me the past few years you know i love that angle. These type can give powerful quick moves when they start to get interest with big volume
All of these 20 stocks i felt exhibited a very good risk/reward ratio at the time.
Many years ago before I started trading these above average dayrangers i would get stuck in low dayrangers for weeks at a time,watching them trade sideways all the while eating up TIME and keeping my trading capital from working elsewhere.
With the compounding factor thrown in, i saw that these sideways stocks were actually risker than stopping out with a 3-4% loss on the type of stocks i now trade.
Losers are and always will be part of the game, there can be no avoiding this.
I take my loss and FORGET about it and move on to the next potentially very profitable trade, always with that powerful compounding factor in sight.
Monday, January 1, 2007
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