'Hope' that your losing stock picks can come back can drive you poor!
The 'portfolio' will follow 'The daily log'
Getting back to risk management. The way to control risk is to buy at the breakout and put a mental stop (selling point) if the stocks drops below it’s previous resistence. By following this strategy your gains can be very big and your losses small. All time highs have no overall resistence and can hit new highs hundreds of times during a bull market.
“Research studies have shown that most of the collective return in the US stock market is attributable to a small minority of stocks that spend a disproportionate amount of time making multi-year highs”
William O’Neil, who oversaw the IBD stock market newspaper and author of the best selling book “How to make Money in Stocks’ made the following observation
8:45am bought 75 more shrs of BLOX.
9:25am Not ready to sell anything yet so gonna take an estate sale hike and see what 'robberies' are available and then come back here and lock in some good profit and buy into better opportunities. Be back soon!
12:45pm Back from a hobby, estate sale buying. Bought 20 books dated from 1890 to 1930 at $3.00 each for a total purchase of $60.00. One book alone in that group can easily be sold for $75.00 ! Another 'Rob the estate sales Blind' day.
12:55pm BLOX doing well today, TSLA coming back nicely. QQQ continues steady climb.
1:08pm Ripped right back into FB with a purchase of 150 shrs.
1:11pm Walgreen on fire. Bought 75 shrs WAG.
1:42pm Sold all CGNX for a loss. Wanted to cut my losses short on this one. Took a hit.
2:11pm I'm going all out the next 50 minutes to try to gain another $500.00. Right now portfolio shows $13,270 profit. Watch me!
2:13 in for 100 shr TRLA.....
2:16 portfolio up to 13,300.
2:17 DOW going down hurts.
2:18 will I need DXD?
2:20 TRLA doing ok but I need another one !
2:23 Into SU for 150 shrs
2:24 FB not showing the love today, sold out.
2:26 Just got 75 shrs HLF
2:28 While I'm at it, closing out 100 shrs BLOX. I can do this since I'm commission free with my new broker
2:29 Down to last 30 minutes of session, holding my own but not gaining....
2:32 DATA I'm back in for 100 shrs
2:34 BIDU doing nothing ..out of BIDU.. again I can do all this trading since I have no commission cost with my new broker for 100 trades.
2:39 nothing is matriculating... need a stock to get red hot in last 15 minutes
2:40 market indexes and DOW not helping...
2:42 NQ got 200
2:44 that's it NQ keep it going
2:46 closed out NTES
2:47 Oh no oh no NQ dropping
2:48 DOW crapping out on me.. looks like this is a failure
2:50 ten minutes to go DATA is killing me. I need a stock to show some love now!
2:53 7 more minutes of pain
2:54 DOW has dropped about 30 points in last half hour
2:58 NQ rocks back but not enough
3:00 market closed.
Did this only because of no commission costs. Exercise cost me $44.00. Went from $13270 to $13226. Not bad for trying this out.
My real account live portfolio (started Mid May 2013) This same portfolio is shown in a larger frame at the end of this posting
I don't have the time or inclination to purchase an entity and see if it's a winner in 5 years. My preference is to find out in 5 minutes. I love to purchase a stock that hits a first time new high, whether the new high is a 52wk high, a yearly high, an all-time high ..because... the odds are that it's more than likely to continue to hit even more highs. The 'first new high' is likely to be the lowest high.
Painter/Painting of the Day
Paintings that you would want to walk into!
This is the awe-inspiring work of Russian artist Evgeny Lushpin – capturing the lure of city and landscape paintings. His work kind of romanticize the notion of human dwellings such as cities, streets and alleys in a very visually rich and ideally realistic manner that tickles fantasy
Eugene Lushpin, born in Moscow in November of 1966, is a celebrated contemporary artist whose work graces private collections throughout the United States, Russia and abroad. Greatly influenced by the Russian Realism School, his inspiring paintings of still life and landscape reflect a complex rendering of texture, illusionistic light and an intricate attention to detail.
In his first creative stage, the artist followed the traditional technique of the Russian Realism School, elaborately painting his surfaces with the finest glazes. Possessing a strong interest in the effect of illusions, his early work reflects a strong sense of symbolism. Skillfully mastering the complex technique of texture painting with glimmering, lustrous or reflective surfaces, Lushpin created a series of photorealistic landscapes. At first glance, they are often mistaken for large color photographs.
Recently, the artist’s interests have become more focused on the image of the city. He has a unique gift for capturing the dynamic energy of a crowded sidewalk or the serene mood of a quiet neighborhood. Rooftops are often a prominent subject in much of his work, representing the theme of fairy tales from the artist’s childhood – man rising above everyday problems and the bustle of the world. His brilliant use of color and sharp contrast combined with loose Impressionistic brushstrokes bring a dynamic quality to his impressive artwork.
John Robert Peck-Viola
LADIES OF THE DAY