TRADE REVIEWS: GENZ, CYCC, VVUS

My trades from yesterday and all of this week so far has put my YTD gains at over 10%. Yesterday was the best day of the year so far, despite my absence. I am trading, but I am sitting in a small advanced sociology winter class at the same time between 9am-12pm. To make up for the lack of real-time trades, I decided to continually post screenshots of all of my trades. I'd like to see more people do that since there's so much bullshit flying around on the internets.

Before I continue, don't forget to vote for me in the ShortAwards (Finance category) here: http://shortyawards.com/WeeklyTA. Help me beat out #9's Suze Orman and others and take a top 5 spot for iBankCoin. I greatly appreciate it.

GENZ was a cool momentum pattern. It is an example of being patient for a stock that has spiked intra-day AND sustained/based itself. We wait for the secondary breakout, which I did. I first caught GENZ at $50.88-90 and my final exit trades were at $52.30-31.


Who would have known that CYCC was going to be up +152% for the day? I didn't, but I kept playing it multiple times and as far as I could. Since there's really no way to predict a 100% gainer, you just have to roll with it and focus on each setup as they come. Never ditch a stock on your watchlist because it's "up too much". I first caught CYCC at $1.5199 with my last trades ending at $1.91-92 before leaving to run some errands.



VVUS was a pre-market volume mover and opening breakout play. The execution was near perfect and I made two solid profitable trades in it ending around 11AM with both adding around 1-1.5% each.


Lesson: Don't ignore the secondary breakouts.

SHORTYAWARDS IN FINANCE

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INDEX UPDATE / TRADE REVIEW: STEC

The upload speed on the show was too slow due to internet connectivity issues. I am getting that resolved. I posted charting requests on Chart.ly and answered the Q&A questions on my twitter.

The indices are, again, at different stages of development. For example, the SPX is forming the apex of a another more steep rising wedge. The DJIA is in a tight ascending channel. The COMP is the best performer with a solid b/o in Dec, needs follow-through action to carry the other indices. I am impressed with the RUT as it pushed passed the weakness at the end of last year and broke to a new daily high. Keep an eye on these four indices and any changes that they may exhibit.





Here is a half-day chart of STEC. I traded it in the morning, but couldn't post it. I provided the buys/sells below as well. As liquidity improves, I will go back to increasing my position sizes to my standard size. The entry was at the breakout of the opening's high. Another entry would have been the pullback from the breakout. My first exit with a 75% position sell was at $19.60 and my second exit with a 25% position sell was at $19.88.



I used the daily chart as my targets to exit and to scale out. The entry was determined by the intra-day breakout.

That's pretty much it. Have a great trading day folks.

FOLLOW ME!

I played too much crap last year. There's no way I can compile everything and I just said "F it" after analyzing a few months. Then, I realized that I should make all of y'all go through my archives and I can go travel around the Mid-Atlantic. If you followed me for a while, there is no way you should forget my plays. Yes, 2009 was truly an epic year.

I remember that from January till March, I focused more on macro direction plays and heavily used breadth alongside my usual charts. I also saw how much I cussed in the first half of the year so I made an effort to clean that up. I also saw that the first half of the year was full of haters, and my results for the entire year shut them up completely. Here are a few of the haters back then in January alone (quite amusing):


April 11th was when I first started sharing one of my portfolios (when I went to Cancun). I had stuff like FEED, SIRI, and solars. I made over 8% when I got back from vacation. April 13th was when J0sh1ngU became the first persistent hater. That quickly ended with him burning in flames:


Now, April 22nd when the first time I actually made a live, real-time trade (which was in CAR). I made 20% the next day. This started everything, and shortly after, the dollar stock circus lasted for the next 4-5 months and everything else is history. After that, I focused on more liquid, higher priced stocks. A part of trading is realizing when to abandon a strategy and to go with another one.


I realized that I had no desire to look into the past. I am looking forward, here in 2010, ready to do some more damage. I stated that my goal in 2010 was to make 400% and I have already planned it out. Have you?

I am still unsure of what the intermediate-term holds, therefore, I will stick with the higher priced, more liquid stocks, the pre-market gaps, parabolic movers, long/short exhaustion plays, etc. (the 'specialized' trades). I am not interested in the general movement of the market unless volatility comes back in full force.

My goal in January is to lock in a double-digit portfolio gain for the first month, and then build up on it. Nothing is worse than having a crappy first month, so I encourage everyone to do their very best this month. This way, you have a buffer against any future potential drawdowns. It's important to have this buffer, due to unforeseen circumstances.

My show, "Charts Gone Wild", is becoming more and more popular and if you read my blog, then you should tune into Stocktwits.tv every Tuesday nights at 10PM EST. The folks over at Stocktwits really made me happy with the new upgrades and I can assure you that you will not be disappointed.

There is a statue in Ft. Benning called "Follow Me", the location of the Army's infantry school. It is the motto of the U.S. Army Infantry. Stay with me and I will continue to lead you into 2010.