January 8, 2008
Ten Trading Ideas for Tuesday, January 8
The box came up with ten (!) long ideas — the vaunted Google is one of them — for Tuesday, January 8. If you want to see the details for all these ideas, including the vaunted GOOG, just email me to join the list.
Argh, if all of these puppies trigger I’m going to have my work cut out tracking them.
Cat: | Time: 8:12 am (utc+8)
January 8th, 2008 at 8:30 pm
Just my opinion - not necessarily - the best for other followers - I find that 10 stocks to follow in this market (even with automatic alert systems) are too much. I did best when it was one to three stocks - and counter trending - again it’s my preference - not indicative of many who may be using this wonderful service - this feedback may be relevant or not for you - Thanks for being there, paul
January 8th, 2008 at 9:05 pm
paul: I too cringed when it spit out ten candidates, but I think folks can look through the ideas and decide what makes sense for them and what doesn’t, just like I hope they do when it gives one or two picks.
January 8th, 2008 at 11:34 pm
Do you suggest holding through an earnings announcement or selling prior to?
January 9th, 2008 at 1:12 am
Any running equity curve for Mr B. Box’s picks yet?
Haven’t noticed it in the comments yet.
January 9th, 2008 at 7:51 am
@MrTrend: I suggest people use their own judgment.
@Andrew: Waiting for three trades to close out, then the numbers can be run for December.
January 9th, 2008 at 9:55 am
Wow. What a whipsaw day for the box picks. To me, it looked like six of the ten hit their entry target but of those, all but one closed below their opeing price. I was watching VZ thinking it might pull back so I could get a good entry when the bottom dropped out. Whew!
January 9th, 2008 at 10:31 am
Bob: Yes, it was a very rough day to be looking long. :) Taking multiple hits like that (I counted three of the six that triggered stopped out same day) is going to make the numbers look ugly, but it will all be accurately recorded in the January record.
January 9th, 2008 at 11:59 am
It seems one of your pick triggered, went all the way up to 1x and more, and then went all the way back down below the entry point. Does that it make a scratch in your stats? (i.e. do you move your stop to break-even intraday?) Personally I am still in the trade with a stop at -1x since I do not have access to the market intraday…
January 9th, 2008 at 12:09 pm
mrtrend: No, I don’t call those first day (trigger day) moves up to 1x or higher as a scratch. I would stick with the original stop and take the loss when it gets hit. This is a good question and I may have to make a new “rule” to cover this kind of situation.
January 9th, 2008 at 12:26 pm
I think if we didn’t have the triple whammy of ATT, CFC, and Iran, some of those ideas would have done better.
January 9th, 2008 at 3:10 pm
igor: Me too, but that’s the risk you take as a pattern trader acting in a vacuum.