Rimm a short here

Companies Black Berry service is out across the country. http://biz.yahoo.com/ap/080211/blackberry_outage.html?.v=10  Should cause a specific problem for RIMM , and problem could go on.  (update 2/13/08 – Stock is trading up recently.  My trade timing and call have were wrong to date.  The stock rallied with the market.  Investors buying are looking at the growth potential of phone users upgraded to the blackberry handsets.

Trading tips review from Kirk Report

Reveiw bulkiowskis trading tips

http://www.kirkreport.com/membersonly/2008/02/11/bulkowskis-trading-tips/

Recent trading review

I have made a little bit of money in the market.  It has been an up and down week.  I have been a bit stressed out.  I failed to take any money out of the stock market.  I think taking money out is helpful for long term success and responsibility

I exited my COF short trade with a small loss.   The stock rallied and went against my position.  The stock rallied for anothe two days then fell quickly.  My timing was off.   News of a dividend and share buyback led me too the sidelines.   I don’t really believe the stock will be a long term success; but, not sure when or how far the stock will fall.   COF does have mortgage exposure and deal with risky credit card holders.  They are now refinancing all mortgage holders regardless if they are late on their payments.  In the news I have heard AXP represents a better shorting opportunity because it two will suffer from defaults; but, the defaults may be a surprise to investors who may take profits.

I short sold Google a few times successfully.   I believe the stock is currently a decent investment.   The stock has corrected and as time passes a higher stock price may be coming.  Just not sure how long the party will be

I short sold the RTH index successfully.  I became more aggressive with the trade over the last week.  I am currently overly aggressive ahead of the retail numbers and have added unsuccessfully to the trade.   I see the stock may stagnate in this range as I originally thought.   I want to exit the trade with my pride intact.  International story in MacDonald’s.   Have to look at percentage of sales over seas.  WMT should do well overseas.  I prob should get out soon.

I tracked some other stocks to watch. I have watched BIDU which represents value here, i saw good value in AAPL and that trade would have worked. Balance need to be found.

Focusing on price improvemnt

Finding a good trade is one thing.   Then getting in at the best possilble price, and out at the best possible price are areas we all can work on.   Often times I find stocks to buy; but, don’t get as good a price as the market offers during the day.  Using five 1 and 5 minute charts is for day trading.  The same can often be said about my exits of trades. 

   Sometimes I am too early.  Sometimes to quick to pull the trigger.  Impatience is a recurring experience in my trading.  I have found buying some at one price and some at a slightly lower price resulting in the best price improvement for myself.

The dangers of Drinking and trading

Decisions are hard to find.   Only complete education will lead to the best solutions.

The rally can’t seem to find traction

The market still looks bearish to me.   The market seems to try to rally to establish an uptrend; but, fails time and time again.   I could see a stagnation period or complete break down if the data supports it.  I have see or hope the the bearish trend continues.  The present condition looks like a mix of investors mostly just sitting by idle.  Not a lot of conviction in traders bearish  or bullish.  The quick correction in the begining of the year seems to be a middle ground rather than end to the direction.

Being too aggressive

Being to aggressive has a negative expectation.   I have to do something to stop being overly aggressive.    I am all in on the RTH 90 put contracts.  I don’t like acting this way.  It seems to be a regular occurrence for me to be overly aggressive.  I need to get this problem fixed or I soon may be on the side line broke.   I told myself before the week started I would invest in the March contracts to avoid total loss.  I will keep working to get more balanced.  I really think the trade has a big upside.  I hope I make alot of money on the trade.

Monday’s Opening Notes

The market could go either way and my understanding is will likely go a little higher.  Everyone is expecting negative news, and much of this may be price in already.   Investors are looking for any place they believe will be a good store of wealth.  Investors are throwing eachother under the bus in a bit of a panic to protect their own money.  http://www.reuters.com/article/marketsNews/idUKN0738603520080207?rpc=44    A look at history tells us that we are in a correction.   History may record this as a recesion.  Going forward stocks will likely bottom some time soon.   The Giants winning the Super bowl has been a very big negative for the market going forward.  Thats counter intuitive and may be Mr. Fixx flexing his muscles.   Delta Neutral strategies do have a lot of appeal.  In a the long run this will reduce drawdowns, and upside of results.