No changes this week.
A Method to His Madness
I have been following this day trader on Twitter for a couple of weeks now. He reveals quite a bit about how he operates and has several dozen videos on YouTube which I found instructive. Let me walk you through his stock selection routine (as I understand it).
He tweets his watch list every morning before the open:
All of these tickers are drawn from the Up Gappers screen using Trade Ideas (an invaluable tool I highly recommend).
GNCMA was a buyout, but I'm not sure why he skipped over GBR. In any event, he put the next six tickers on his watch list. They're all low-float, mostly single-digit priced stocks.
At the open he narrows down the list further by watching what is on the move just after the market opens. Again he uses Trade Ideas for this. Watch his Trade Ideas setup videos (one and two) to understand the filter criteria he uses:
Then at the end of the day he always posts his P&L (which I think is a little nuts since it gives one "performance pressure," but maybe he thrives on it):
So we can see that he did in fact trade BNTC (long), CYCC (long), and DFFN (short). He doesn't generally reveal how much size he's doing and *never* reveals his exact entries and exits (for obvious reasons). Nevertheless it's worth studying his stock selection routine and I recommend you follow him on Twitter if you are a fellow (or aspiring) day trader.
ETF Trading Portfolio Update -- April 3, 2017
No changes this week.
Gilberto Santa Rosa Medley
Nice to see that Gilberto in his mid-fifties, double-chinned, mustache-less and wearing glasses, is still able to belt out all the old hits and do a little soft-shoe shuffle. Backup singers, "20 feet away," shown to advantage....
ETF Trading Portfolio Update -- March 27, 2017
Reversing the small caps (TZA) and getting short on Monday morning.
I've added GLL to the line-up since DZZ is thinly traded and difficult to locate for short sales ... when DZZ next reverses, I will switch to trading GLL instead and drop DZZ.
ETF Trading Portfolio Update -- March 20, 2017
No changes this week.
ETF Trading Portfolio Update -- March 13, 2017
No changes this week.
ETF Trading Portfolio Update -- March 6, 2017
No changes this week.
Suicide or Local Dope
This Dutch guy reminds me of Nick Cave ... have your young son watch the video to see how attractive young women respond to hideous old guys *who are making music.* It might inspire him to take up an instrument (even a ukulele will do).
ETF Trading Portfolio Update -- February 27, 2017
Reversing the gold short and going long ... the high in DZZ was over $7 so you can see how much you "give up" when trend following off of weekly charts.