Posts Tagged ‘trade ideas’

  • 10 Stocks To Watch Today
    , June 5th, 2008 at 8:24 am

    Below are 10 stocks I will be watching for potential trades. There are 2 potential short plays (CINF & PWRD) and 8 potential longs. The numbers written in on the chart are levels where I have set alerts on my trading system, they are not necessarily buy or sell levles. I set alerts to ensure I don’t miss an opportunity as the stock gains momentum. If I trade any of these stocks I will most likely buy on strength and sell short on weakness, I like to enter as momentum builds from a critical level. I will often sell a small piece of a position if it moves as little as 20-30 cents very quickly and then continue to hold remaining shares for more strength. These are not recommendations, just some ideas which appear to be ready for movement. I know nothing about the fundamentals for many of the stocks. My first consideration is RISK MANAGEMENT, it is likely that I will risk no more than 40-50 cents on any of these stocks. If the stock goes past my alert trigger level and then drops more than 40-50 cents please do not email me asking what you should do with the stock if you are still in it. My answer will be that you should not be in it any longer.

    BTW, a reader notified me that VVUS reports important clinical trial data next Tuesday June 10, before the market open.

    Interested in MORE DETAILS about how I find and trade these stocks?

  • Stocks For the Coming Week
    , June 1st, 2008 at 8:33 pm

    Below are some ideas to look at for trend continuation this week. To see the principles of how I would trade these stocks view last week’s video about TREND ALIGNMENT No two people will trade the stocks the same, make them your ideas if they fit with your style and remember that RISK MANAGEMENT IS JOB #1.

    If you expect nothing
    and are prepared for anything
    you will never be surprised.




  • "Gordon Gekko"
    , May 26th, 2008 at 9:56 am

    at KNIGHT TRADER BLOG wrote a review of MY BOOK.

    Here is an excerpt
    “Brian Shannon’s book technical analysis through multiple time frames is a modern day version of Stan Weinstein’s trading principles applied to 21st Century technology. Brian takes difficult technical analysis concepts and explains them in a way that makes them easy to understand and comprehend.”

    Read the entire review HERE and be sure to check his blog each day for trading ideas.

    I’m still having difficulties with getting recordings done on my new computer, but here are some stocks I will be looking at during the first couple days of the coming trading week. Again, these are just what appear to be low risk/ high potential profit setups, they are not recommendations. There is still a lot of opportunity in many of the volatile shipping and solar plays for aggressive intraday traders.

    POTENTIAL LONG CANDIDATES

    POTENTIAL SHORT CANDIDATES

    RISK MANAGEMENT IS JOB #1

  • “Gordon Gekko”
    , May 26th, 2008 at 9:56 am

    at KNIGHT TRADER BLOG wrote a review of MY BOOK.

    Here is an excerpt
    “Brian Shannon’s book technical analysis through multiple time frames is a modern day version of Stan Weinstein’s trading principles applied to 21st Century technology. Brian takes difficult technical analysis concepts and explains them in a way that makes them easy to understand and comprehend.”

    Read the entire review HERE and be sure to check his blog each day for trading ideas.

    I’m still having difficulties with getting recordings done on my new computer, but here are some stocks I will be looking at during the first couple days of the coming trading week. Again, these are just what appear to be low risk/ high potential profit setups, they are not recommendations. There is still a lot of opportunity in many of the volatile shipping and solar plays for aggressive intraday traders.

    POTENTIAL LONG CANDIDATES

    POTENTIAL SHORT CANDIDATES

    RISK MANAGEMENT IS JOB #1

  • Answers to A Couple of Trading Questions
    , May 20th, 2008 at 8:42 am

    The point of showing my order book yesterday was to emphasize how my number one focus is always risk management. At the time I entered many of the stocks, I expected them to continue to trend for most of the day. Even with expectations for continued movement higher, I sold partial positions into strength early on. I tend to go in aggressively as momentum builds and then scale out into continued strength. It is never my thought that I am selling at the top, instead, I am trying to reduce risk by realizing some profits and reducing my exposure. There are many times that a stock will continue to go higher without me and I am comfortable with that because, as we saw yesterday, the market can reverse quickly and erase all profits if you do not aggressively manage open positions. Some people say “winners take care of themselves” and that is nonsense. The attitude of complacency will allow many winners turn into losers.

    My biggest mistake yesterday was to purchase ESLR and YGE in the pre-market. I chased both of these stocks higher as they gapped up and I have found that most of the time I buy before the 9:30 open I do not have good results. I am usually not at my desk until 30 minutes opens on a Monday, but yesterday I sat down early and I became anxious to participate as I saw the solar stocks gapping higher.

    Yesterday I was extra cautious with my long positions because the moves seemed “too easy” in too many issues. When the moves come quickly, confidence is high amongst the unprepared and reversals are often close by, “when life looks like easy street, there is danger at your door.” As the saying goes, you want to be confident when others are fearful and fearful when others are confident. I do not think you want to be “fearful” ever, fear is one of the emotions which indicates you should have taken action earlier. Instead, you want to be on “high alert” for signs of weakness and yesterday it was the hard reversals in solar stocks at about 1:40 PM which showed reason for concern. When the leaders of a rally break down it breaks the confidence of buyers and other stocks follow lower.

    Want to know more about position management and what to look for when it comes time to exit? I know a good book..

  • Stocks for Next Week
    , May 18th, 2008 at 6:19 am

    Last Saturday I posted some stocks I would be watching for Potential trend trades those stocks are in the table below. As much as I liked some of the setups, I did not expect the group to do as well as they did. The average stock on the list gained over 8% on the week. Seventeen of the stocks were up more than 10%! The best performing stocks were related to solar, shipping and Chinese companies. Of course there were losers too. Only one of the six short sale candidates declined in price, but the worst loser was a long candidate. The stock which lost the most was one I traded and posted the trade on FEED As the title of that post indicates, risk management is job number one of any market participant. I traded that stock long on the day it dropped hard but because of my risk management, I still made money on the trade.

    I do not recommend individual stock trades, I trade the stocks on the list and do not ever want to be accused of shady dealings by telling anyone to buy a stock which I already own. If I did not trade them myself, then I might give buy and sell instructions, but if you really want to succeed in the markets you need to think for yourself. To find out how I find these stocks, how I trade the stocks on the list and how I manage risk, it is laid out very clearly IN MY BOOK Seventy five bucks isn’t much for that info.

    Here are some new ideas. I will continue to trade stocks like SOLF, CSUN, etc but I have not included many of the names which have already run, the ones below appear to be near a low risk entry level with good trend potential. Anticipate all scenarios, wait for price action to confirm before taking action and then aggressively manage risk with discipline.

    If you expect nothing
    and are prepared for anyything
    you should never be surprised.

    POTENTIAL LONGS



    POTENTIAL SHORTS

  • Yahoo Is Not
    , May 16th, 2008 at 9:19 am

    on my radar, but these stocks look worth watching for upside today.


    PWRD reports earnings Monday before market open.

    CLNE and GA gapped lower…AVOID

  • Stocks Setting Up For Trend Trades
    , May 10th, 2008 at 5:56 pm

    Below are some stocks I will be watching for potential trades next week. When I look for stocks to trade I do not set out to find longs or shorts, I just look for what appear to be low risk opportunities. This week I have quite a few more bullish looking stocks than bearish ones. I have not checked any fundamental news for any of these stocks and I am not making any recommendations, only showing you where I think there is the potential for movement. Risk management is job #1, do not chase stocks which have already moved. When entering any of these stocks, be sure to assess risk relative to reward on shorter term time frames and if that concept is not one you are familiar with there is an excellent book on the subject that I know of…

    POTENTIAL LONGS





    POTENTIAL SHORTS

    The screen captures of the charts are from FINVIZ Each time I visit Finviz, I am more impressed with the excellent information they provide, be sure to check the Insider tab if you have any interest in what insiders are doing in their stocks.

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