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17/2008
01.09.2008
Editor's
Notes
Trading
Tips:
Stock trading secrets
Sector
and ETF
Watch list
Stock
watch list
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Low summer volume
Hello,
last two weeks presented picture of typical summer trading action. Low volume and no one important move.
Trading range, up and down days. Nothing exciting.
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Best strategy was to sit on hands or better to be out of trading office and enjoy summer days.
I did few trades only. Mixed results but overall I was able to make
profit also in August. And it is important. But it could be done only
with good risk:reward ratio.
I am waiting for more pullbacks in commodities and also some
currencies. Last selloff was so huge that no important
pullback happed till today.
I received several requests from my readers to provide more details
about my every day stock trading setups. So finally I decided to start
publishing also my daily newsletter with my stock setups available
before open of stock markets. I will start to publish it during
September so keep tuned.
I used this summer days also to make final decision to start my own
hedge fund. I think it could be next step in my stock trading career to
have my own hedge fund. What do yo think about this idea?
Richard
Stock trading secrets
When somebody ask me to teach him how to trade, I usually start with description of these few stock trading secrets.
.... top of newsletter
Sector and ETF Watch List
Mixed situation with some sector presenting nice strength and some are neutral or weak
Long
ETF watch list: XBI,IBB,BDH,SWH,PPH,RTH,XLP,IYT,IEF,TLT,IWM
Short
ETF watch list: TTH,XLF,FDN,XLI,XLU, GLD,SLV,USO,DBA,EWA,PIN,EWY, FEZ,EZU,EWG,EWP,EWO,GUR,LQD
On of the sectors in long list is Software.
Stocks Watch List
Right now I do not have too much stocks in my watch list as I want to see volume back to normal levels again on stock markets
Long
Watch list: AMTD, AVB, VRX, R, QGEN, BDX,SQNM, YRCW, BCR
Short
trade watch list:
GOOG, UNTD
Questions ?
I will be pleased to reply to any of your questions. Do you have
something to discuss ? Or would you like to read something in next
issue of newsletter or on my web pages or in my blog ? Let me know .
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