Moving to ETF-Stock-Trading.com

My apologies for the lack of activity. I've moved my operation to ETF Stock Trading. I hope you'll visit me there!

Weekend Thoughts?

Nice rally today! Are we out of the woods?

Stock Trading Watch List May 8 (Afternoon)

Stocks to watch this afternoon: (Panera makes me hungry!)

• AN
• FDO
• HD
• HOTT
• NFLX
• PNRA
• SCO
• SWHC
• SY
• SYNA

Stock Trading Watch List May 8 (Morning)

Stocks to watch today:

• CECO
• NFLX
• SMG
• SY
• SYNA
• TSCO

Stock Trades May 7

If you decided to trade this Thursday, you should have picked up, or added to your positions, at the market close today:

• FNF @ 15.14

Review the criteria for buying stocks.

NDN dropped off our buying list, falling a penny below it's 200 day moving average. Should you sell it? Good question. I might wait - the stock is due for a pop after so many days of selling pressure.


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Manage a virtual stock portfolio at umoo.com. Build your stock trading skills and win cash prizes.

Stock Trading May 7

As of 3:41 PM EDT, these stocks look like buys again:

• NDN
• FNF

Review the criteria for buying these stocks.

Both stocks continue to offer another a buying opportunity in case you missed them in previous days.

Manage a virtual stock portfolio at umoo.com. Build your stock trading skills and win cash prizes.

Stock Trading Watch List May 7

Stocks to watch this morning:

• BKE
• BVF
• CYCL
• DHI
• FNF
• HOTT
• NFLX
• ROST
• SCO
• SWHC
• SYNA

Stock Trades May 6

If you decided to trade today, you should have picked up, or added to your positions, at the market close today:

• NDN @ 9.84
• FNF @ 16.22

Both stocks offered yet another buying opportunity in case you missed them yesterday or the day before. Sell above the 5 day moving average. We'll review our results in a week.

I had NFLX on my watch list today. The stock has been on a roll. Anyone buying on the pullbacks has made some good money. Today the stock was down almost 5%.

Though not holding to the buying criteria I've outlined, the RSI(2) is below 10 - not bargain basement, but oversold nevertheless.

Stock Trading May 6

As of 3:03 PM EDT, these stocks look like buys again:

• NDN
• FNF

Review the criteria for buying these stocks.

Both stocks offer another buying opportunity in case you missed them yesterday.

Some other stocks of interest include the following:

• NFLX
• SMG
• SY
• SYNA
• TSYS
• WPI

Manage a virtual stock portfolio at umoo.com. Build your stock trading skills and win cash prizes.

Stock Trading Watch List

Some stocks to watch this afternoon:

• NFLX
• OTEX
• SMG
• SY
• SYNA
• TSYS
• WPI

Stock Charts NDN, FNF

If you decided to trade today, you should have picked up, at the close, NDN @ 9.91 and FNF @ 16.51. Here are the charts:



We'll check on the results in a week!

Stock Trading NDN, FNF

As of 3:02 PM EDT, these stocks look like potential buys today: NDN, FNF

• Buy if the RSI(2) < 2
  
• Buy at the market close

NDN offers another opportunity in case you missed it yesterday.

Some other stocks of interest include SMG, SY, TSYS, WPI.

Stock Trading Methodology

I use some simple rules for stock trading.

To enter a long trade, I want the following:

• A stock trading at $5 or more
• A stock trading above it's 200 day moving average
• The average daily trading volume of the stock > 500,000 shares
• The RSI(2)< 2
  

As a practice of convenience, I typically will buy a stock at the close of the trading day.

To exit a long trade, I sell the stock upon the following:

• The stock price moves higher than it's 5 day moving average

Each day, I typically place a sell limit order above the 5 day moving average price so that I don't have to sit in front of my computer all day.

I rely on a lot of the ideas presented by Larry Connors in his book Short Term Trading Strategies That Work. I encourage you to get this book and learn the techniques presented.

Check in every day between 3 - 3:30 PM EST, and I'll present some stocks that meet the criteria. We'll review our picks a week later.

Stock Trading NDN

Stock trading pick for today: NDN

• Buy at today's market close
• Sell when stock price > 5 day moving average (blue line).

We'll review our trade next Monday - stay tuned!

Let's Start Trading Stocks

I've been stock trading and investing for over 20 years. Some of those years have been good and some years have been "not so good." But through the years, I have learned techniques and gained the confidence to trade on an active basis.

Stock trading last year (2008) was my best year ever. I bet short on the market and came up big. And I learned some great techniques to minimize the risk!

So the goal of this blog is to share the ideas and techniques I use for stock trading. I rely on a lot of the ideas presented by Larry Connors in his book Short Term Trading Strategies That Work. I encourage you to get this book and learn the techniques presented.

The second goal of this blog is to give you some daily stock trading picks that you can follow. We'll look at the technical indicators that suggest a profitable stock trade. So please bookmark this site and check in around 3 PM for a selection of stock picks that we can follow and analyse.

I'm open to your ideas and comments as well. Perhaps we can all become better traders!

Happy trading!

Seth