Exxon Mobil Corporation

XOM entry:80.8 Stop:80 Target:87 or more This is a counter trend trade, which means reward/risk is very good but low probability. Xom is at a strong support level. Oil is at a low price level. Could oil goes lower? yes. but if lower than $45 many drillers/producers loose money. -> reduce supply. Jerry Brown suggest 42% gas tax hike and $65 registration increase in California. Many blue states already increase gas tax. AAA projects the national average for a gallon of…

Lumber Liquidator

LL buy: 19.07 stop: 17.35 target 24 In 58, if ll hits my stop -> loose 100usd. LL breaks out. It will continue to go up until it hits resistant at around 19.8. Some people may wait for a pull back or consolidation at resistant area. I’m working full time. I don’t have time to monitor my trades. I set them and occasionally monitor them.  

Teen Lied About Earning $72M on Stock Market

New York Magazine ran a story about a Stuyvesant High School senior, told that he had earned millions of dollars by trading. But after story went viral, he quickly backtracked. Around 90s, there was a rags-to-riches millionaire trader Michael “Waxie” Parness. Here is the complaint lodged by the National Futures Association against Scott Littlefield, Michael Parness and his hedge fund, Trend Fund Management. Take note of how they accuse them of misleading investors with testimonials that are not documented, but used to lure…

Avoid Trading Schools

Typical stories of how people are now living their life after completing the course. Such as waking up in the morning and placing one trade, and then spending the rest of the day with their family and kids. I have met many people who bought these products, but haven’t met anyone who has successfully used them. The trading education industry is rife with hucksters, scammers, hype, false promises and delusion. Those who earn their income solely from selling products and services.…

VRX Maximum Pain

Bill Ackman sold out VRX – Valeant Pharmaceuticals International, Inc. Often it signals the end of a (vrx) down trend. When investors had it enough, they can’t take the pain any longer and sold out, then it’s the time for the stock to turn around. “The time to buy is when there’s blood in the streets.” When stock goes down, I hope for my stock to goes back up. It keeps going down, inflicts more pain. When the pain is too…

Korea Electric Power Corporation

Korea Electric Power Corporation, ticket symbol is KEP Entry: 18.60 Stop: 17.7 Target: 20 In 100 This is a counter trend trade; take at least half off at target and move the other half stop to break even. The trend can reverse or continue. It’s 50/50. If it reverses, let the other half runs. If the trend resumes, at least have a little profit. If it hits stop, then the lost is about 100usd. Some people use the percentage of…

My trading Systems

Here’s my  trading Setups/Systems  (in no particular order): 1. Range-breaks 2. Divergence 3. Pin-bars (ie hammer or hanging man) -> very short term (usually 3 days or less). 4. Supply / Demand Areas (support / resistant ) 5. False Breaks (break out, break down ) -> Market breaks out of a trading range and quickly reverse. 6. Gap Trading 7. Gartley Analysis (Harmonic Patterns -> sort of a combination of Elliott wave theories using Fibonacci’s numbers and trend) 8. Moving averages crosses

socially conscious investing

Sound good, but mostly you are going to donate your money to the founders, ventures. If those companies do good, ‘no evil’, they should be under ‘non-profit’ companies. Otherwise, they are all for profit, which means their object is still money. If they can’t make money from their business, they are going to make money from you. They just use the slogan to take you to the cleaner. Here is one company that does ‘no evil’, Solar Edge Technologies, Inc. Ticket…

Valeant

Michael Pearson, ex Valeant CEO, enlisted Mr. Ackman’s help to make a bid for Allergan. Armed with information about Valeant’s coming bid for Allergan that other investors did not have, Mr. Ackman spent $3.2 billion buying up Allergan’s shares. Valeant lost Allergan to Activis. But Mr. Ackman came out a huge winner. He made a $2.6 billion profit. How about that?!!!!! Ackman then invested more than $3.2 billion into Valeant at around $190 / share. Valeant shares then flew past $250 each. Ackman looked brilliant. Greed &…

Delta Air

DAL buy if it breaks 52 stop 49.5 target: 56 Buffet loves airlines and banks. He’s a big fish who can move a sector a while by saying buy on the media. Buffet trading style is: bottom catcher (“value investing”) and trend trader. If you’re a bottom catcher, you have to sit on your stock for a long time, sometimes for years for it to turn around. What if it doesn’t turn around? Buffet can buy the whole company. We can’t.…