Watchlist 2.18.11 Absorb what is useful, discard what is not.Add what is uniquely your own
On a scale of 1 to 10 the trading room on Thursday was a 70. Killer calls all over the place, I went 5/6 on my trades and we had some very interesting conversation. We got on the topic of strategies and what works, whats best etc. This topic always gets beat around on the web and here is my advice. Because a system works for one person does not mean it will work for you. Also, because you do not agree with a certain trade strategy doesn’t make it wrong. Trading is a brutal business where 80% of traders loose money. If you found something that puts you in the small 20% group. Don’t change it. When it comes down to it you must do what you know and follow what you understand. Which brings me to a great quote by Bruce Lee “Absorb what is useful, discard what is not. Add what is uniquely your own” In addition I will leave you with a great motivational video to pump up your Friday
Watchlist NANO WEBM KLIC DSCM GPL
Previous Watchers. KV.A LOCM TTMI AVL DEPO CCME
NANO
NANO went on a maniac run Thursday. The stock has completely broken out and I doubt there will be much news in the way to slow it down . Maybe not a 20% day but should be some opportunities on dips
WEBM
Good basing in the 1.50’s I liked the volume Thursday but I hated the fade from the highs. Will watch to see if this can pop towards $2
KLIC
Old Klic is back in the mix. I like playing this stock and Thursday it broke out of a tight consolidation. It should test 10.50 and maybe pop above that
DSCM
Real good consolidation breakout chart. I don’t know if it has a 2.50 high run in it immediatley but nonetheless a good play.
GPL
Silver has been on a massive run. This is a pretty good play off of the hype.
TYPE
VTAL
