Tuesday, January 25, 2011
|This is a closer look of the QQQQ. It's a 60 minutes chart with a clear up channel which I am betting will break.|
|This is the QQQQ daily chart which is the US Dollar ETF. I look at this as the proxy when buying the 2x ETF's.|
|So I bought 600 shares at 7.50 of HQD.TO which is the 2x leverage inverse ETF to the Nasdaq 100.|
Thursday, January 20, 2011
Wednesday, January 19, 2011
|Got out of SNV.V for a $80 loss.|
Tuesday, January 18, 2011
Monday, January 17, 2011
Saturday, January 15, 2011
Wednesday, January 12, 2011
|I added another 3000 shares at 0.235 this morning with the test of the 20MA. It seems the test was successful. It needs to get above 0.275 then the 200MA target looks reasonable.|
|Sold half of my CQE.TO today at 2.30 it's been up 6 days in a row. If it gaps up tomorrow, I'll sell the rest. I think the 2.55 - 2.60 target will be hit but I think it'll pullback to the 200MA first. We'll see.|
Monday, January 10, 2011
|Looks like a retest of the bullflag breakout. Good risk reward.|
|A lot of times I'd like to check a couple days later on stocks I've sold to see how they're doing and if my decisions were correct. Taking a 4.2% lost was the right decision in this case.|
Thursday, January 6, 2011
|Sold the rest of my FSY.TO today. Netted $315 or 7.8%. Could it be just retesting the breakout? Sure. We shall see.|
Tuesday, January 4, 2011
Small uranium stock. I like the risk reward but it needs to work in a couple of days. I like the 61.8% retracement and the 4 months time symmetry.
Junior nat gas producer. I think the sector has found a bottom, we shall see. Good risk reward but there's a Head and Shoulders pattern in the 60 mins chart. Stop is below the 50 MA. Overall, the markets are extremely overbought, there was a reversal on the SP and TSX today so I will eject some of these names fast if things roll over.
Sunday, January 2, 2011
I own 500 free shares of Medoro Resources. My plan is to hold on to this for several years until Gold price peaks. I may buy back in and trade it again. You acquire free shares by selling your initial investment so even if it goes to zero, you technically can't lose any money. For example, you buy 1,000 shares of ABC at $2 ($2000 investment) and it goes to $4, so you're up 100%. You sell 500 shares at $4 and get your $2000 initial investment back and still have FREE 500 shares.
This is a trade I've had for couple of weeks now. It needs to move soon!
I have a very small position but may add to it if it moves up.
I great setup that I took. I sold 1/3 of my position on the pop. Hoping it will go to the 3.60 - 3.70 level.
A closer 60 minutes look at FSY.TO before the pop.