Hey Guys,

I thought of starting a thread here. It will be like a journal to keep track of
the performance for the stocks that I keep an eye on. Every day before the market opens I will post the stocks that I will be watching. At the end of the day I will post a quick summary on how I traded the stocks, and when I entered or made an exit.

Here's an example of a recent day:





The stocks I will be keeping an eye on today are below. Let me just give you some quick pointers on how I trade. Before the market opens I decide where my support an resistance levels are. Also I'd ask myself how I would trade the stock should sellers or buyers step in.

I keep a close eye on the volume, it will give and advantage in timing the best moment to get in or get out.

I'll try to post some pointers every day, anyway here's the watchlist

Stocks for March 27, 2009:



This post has been edited by chartratings: Mar 27 2009, 04:44 AM

I'm looking forward to seeing your results! Which techniques are you using in your day trading ??

Stocks to watch on March 30, 2009





Thank you for your reply. I Will try to post results everyday from now. I use different methods. First I screen the stocks, I have spent thousand of hours writing and testing my screeners. After that I go over all the resuls by hand. Choosing the best stocks. I put them in my watchlist, draw a couple of support and R lines. Look for candlestick patterns

Overal I use cup breakouts, gap continuation and momentum plays. Also keeping an eye on the volume and some indicators for extra confirmation.

Today I had a good run. 3 stocks hit the short triggers. The other 3 didn't make a significant move for the day, hitting no triggers.

Let's start with GDP. The Stock opened with a huge gap. Below the short entry. Waited for the second candle to confirm downfall. 3 other indicators I use also lined up for the perfect short. And the number of volume was twice the average size (meaning sellers stepping in driving the price lower). Got in at 19.78. The whole number (19) resistance hold up firmly, so I got out the second time it hit. A nice +4.1% in just an Hour

ANR also opened wit a gap but above the resistance. It moved below the entry in the first 5 minutes with good volume. I shorted at 18.7 In about 20 minutes the stock ran out of steam, attracting some buyers. I moved the stop to 18.7 (breakeven). The stock started dropping again and found resistance at 17.5 Covered at that price. A great +6.8 return

LNC also hit the Entry alerts after 5 minutes in. Got in at 8.3, the stock dropped nicely. Found resistance at whole number (7), I moved the stop to (50%) at 7.6 After a bit of uncertainty the stock started moving down again and hit my trigger 6.4. An Amazing +29.6%. I am a happy guy

Stocks to watch on March 31, 2009

Yesterday was also a good day. I entered 4 stocks that hit the triggers. The other 2 didn't make a significant move for the day, or not giving me reason enough to enter.

Let's look at ENER. The Stock opened strongly. Actually hitting the long trigger in the first minute, but It started to go down immediately after that. That's why it's important to wait for the stock to give you enough reason that it actually attracted enough buyers instead of a fake breakout. Anyway it started going down, and after lunch hours it was on it's way to break the LONG again. THis time with enough reason to step in. I Entered LONG at 13,73 and decided to exit at 14.0, mainly because it had trouble getting past the whole number. I would have probably entered again if the stock got above 14.2 Anyway the Profit: +1.9%

WFC was pretty simple. Got long after all the factors lining up, and exited because a double top. Profit: +2.2%

COCO was pretty straight forward. Started selling off from the start, got in at the short trigger. The stock consolidated for a bit ( I moved the stops), but the bears won the battle and it went down. Profit: +3.4%

ABX got buyers in after the sellers had taken control. It drove the price up, hit the LONG trigger with enough indicators lining up. I decided to get out because it started to consolidate after a little dip (usually a sign that the bears are going to win) Profit: +1.8%

Stocks to watch on April 1, 2009

April 1, 2009 Results

Todays Watchlist

Thanks for posting the update. I see it takes much of your time and you're such an interesting guy. Keep going!

What sort of money are you outlaying or what size bank are you running to achieve these returns?

GP