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Thursday, December 04, 2003
Good evening friends,
This market is setting up to have both the Dow and the NASDAQ break above the 10,000 and 2,000 levels on the same day respectively. The Dow was up nicely today, while the NASDAQ lagged behind with only a slight 8-point gain after trading flat most of the day. Both of these indices closed at the high of the day so maybe, just maybe, we could see another attempt at 2,000 tomorrow but my guess is it won't happen until next week. At this point it's not much more than an educated guess.
I'd like to address an issue that I am receiving some emails about. Some have asked why I double up on a position one-day and then sell it the next. It's very simple - if a stock turns against us, I will sell it for a small loss to preserve capital. I try to let the winners run and cut the losers immediately. For example, in the case of HSKA, the chart looked great when I doubled my position but stocks tend to change direction and when they do, we have to be flexible enough to sell and move on. I will not hold a stock if I feel it's going down.
For another example, look at the money we saved on AKAM by selling yesterday. As I have expressed before, this service is geared toward the active trader but if you are a longer-term holder, it will work for you as well. Most of the stocks on the bulletin will go up over the long haul, but in the short term, I may change my mind on holding. Unfortunately, stock charts change daily, so there is a chance my opinion of a certain stock will change also.
SSTR is another stock I doubled my position on and today it's at a new 52 week high. It closed at 2.49, and I bought at 1.22 and 1.53. It's been on the Bulletin since it was 1.02. This is a 150% gain if you bought at 1.02; you'll never lose 150% of your money by getting immediately out of a stock that turns against you. The point I'm making is, if we cut our loses to 10% or less and make 50% - 100% on the winners, then we will be making phenomenal gains over time and this technique has been proven by many successful traders. You are witnessing this strategy working everyday at TWPD. All trade alerts are documented for the record and these trades are reflected accurately in the official TWPD Trade Record on the website. You are welcome to verify all trades by going to the alerts menu and cross-referencing those alerts with those trades in the trade record for accuracy.
For trades made before the website was up and running, you can check the Member's message board on Yahoo where only I post. All the trade alerts are on file on that board since the start of the service, so if there are any doubts to the accuracy of the returns reflected, you can research it yourself at anytime. As far as your particular trading style, you simply have to decide if you are a short-term trader or a longer-term trader. You can be both but you'll need two accounts. It's impossible to do both with one account. If you are a longer-term trader or a long-term investor, you can't trade like a short-term trader or vice versa. If you have one account and you buy a stock that appears on the Bulletin that you plan to hold it awhile, then you can't look at your bottom line every 12 minutes. If you do that, you'll drive yourself crazy.
I have 3 accounts for this very reason. I have a day trade account where I close all positions each day. I have a short term swing trade account that I use for this service, and I have a long term IRA account that I only look at two times a month at the most. If I played every short-term swing in my IRA, I wouldn't be able to hold any stocks for the long term and this is the reason you need at least two accounts if you want to be both a long-term and a short-term trader.
HSKA is a good long-term hold for a longer-term account but in the short term, I chose to sell it to protect capital. There is only one thing I hate more then losing my money and that is losing someone else's money. I am here to help you make money and if I put you in a stock that I feel is going to go down or not move, I'll recommend a sell so we can put that cash to work in a better trade. Everything I do with this service is focussed on maximizing subscriber gains while minimizing losses by using minimal risk trading strategies such as placing not more than 10% of our capital on any one trade. This formula is the key to enormous gains over time. So please, if you can't decide which type of trader you are, open two accounts and swing trade one with TWPD and buy and hold other stocks in a longer term account and don't look at that account every day. I hope this helps those struggling with trying to find a trading style that best fits their needs.
Last night's OTC BB stock BKYI I listed here was up big today on 1-mil shares. Here's another that looks good for tomorrow - PTON. These may be worth trading for one or two day movements. I have no new stocks for tonight's bulletin. I'll clean up the bulletin this weekend and hopefully find more potential movers for next week. I will not be available for trading tomorrow. I will not be on message boards or sending alerts so please pay close attention to buy points in the Bulletin. Keep your stops tight in case the market reacts negatively to the INTC news. Have a great night everyone; I'll see you all Sunday evening.
Flash back July 16th Bulletin
New Today EAG 7/16/03 Comments = buy point .51.
This stock proceeded up to a high of 2.04, a 300% gain
Earnings Calendar.
http://biz.yahoo.com/research/earncal/20031023.htm...
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