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EatSleepTrade

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Everything posted by EatSleepTrade

  1. EatSleepTrade
    Good luck and thanks for watching!
  2. EatSleepTrade
    From my understanding this is how it works. Your example: Account size: $50,000 Monday - buy 1000 shares for 50,000 Tuesday - sell 1000 shares for 52,000. (this transaction also has a 3 day clearing period) Wednesday - you want to buy 1000 shares @ 50.00 again for 50,000. this is fine. ( but understand that these shares you just bought are on "borrowed money" till your sell transaction from Tuesday clears in 3 days on Friday. meaning you can't sell these 1000 shares till Friday. If you sell before Friday you will then get a free riding ticket. Second example: Account size $50,000 Monday - Buy 500 shares of a 50.00 stock for 25,000 Tuesday - sell 500 shares at 52 each for 26,000 ( 3 day clearing period) Wednesday - buy 500 shares back at 50.00 for 25,000 (now even though your shares from Tuesdays transaction have not cleared you are able to sell these shares with out getting a free ride ticket because you have the capital in your account to back it up.) Hope that helps!
  3. EatSleepTrade
    Hi guys have a couple more lesson videos to add to the list. Finding the Proper Entry and Eliminating Emotion Video: Lesson Video Locking in Profits on Breakout Days Video: Misconceptions Of The Reverse Split Video: Thanks! as always feed back is appreciated.
  4. EatSleepTrade
    Watch List Week Of 11-30-15 $NUTR- LF break above 25.00 $CYCC- LF MoMo through 1.10 $AFFX- Inv. Head & Shoulders $ANGI- Strong upward movement. LF breakout cont. $BEAT - Large wedge with 20sma cross above 50sma $CHEF- Good Relative Vol. LF breakout over 20.00 $FSS- LF push towards 17.20 on flag break. $PCN- Multi Top 13.95 LF push through and breakout $SWHC- Multi Top ascending triangle. Breakout over 19 Technical Analysis & Chart Video:
  5. EatSleepTrade
    Swing Trade Watchlist Week of 10-19-15 $NFX - Invrted H&S breakout. LF continuation $DSKX - breaking out of Ascendign Triangle. $HNR - Watching current channel $AGRO - Bull Flag possible breakout $FELP - Inverted H&S breakout Friday. LF contiunation Technical Analysis & Chart Video:
  6. EatSleepTrade
    Weekly Swing Trading Watchlist By EatSleepTrade Check out our Watchlists that we compose each and every week. Our Watchlist will contain a written list with a short description of the trade setups for all the stocks on our radar for the upcoming week. It will also include a video that will provide a Technical Analysis chart breakdown for each of the stocks. Our Watchlist will contain high probability Stock plays that present multiple buying and profit taking opportunities. We like to focus on low risk, high reward Chart setups that have a positive amount of Relative Volume after a nice consolidation period. We love to Trade Charts from Sectors that are performing really well on a 1-3 month time frame. Need help composing your own Watchlist? Check out our Lessons Page to learn how to run scans and see how we find all the Stocks we put in our Watchlists! Trade safe and good luck to all of you. Please understand that my typical plan is a 1-5 day hold. ALWAYS lock in profits especially on breakout days, I can't stress this enough! A Watchlist is NOT a "Buy List". Swing Trade Watch List Week Of 9-8-15 $BLDR - LF breakout over 15.50 $ARQL - Watching for large wedge breakout. $DSKX - Also forming nice wedge $HNR - Nice Flag setup $JOB Descending triangle $MNGA - quad bottom at .92 $TRN - Possible reversal with bull horn setup Technical Analysis & Chart Video: Feed back appreciated. Please feel free to ask any questions.
  7. EatSleepTrade
    Hi Andrew Paper trading is a great place to start and honestly a must for beginners. Unfortunately paper trading tends to be incredibly easier than real trading for a couple of reasons 1. There's no emotional connection to paper like there is with real money. It's very easy to hold losing positions with out having much worry. And decisions tend to be non stressful unlike when your losing real $$ 2. Depending on what paper trading program your using it may not incorporate realistic prices during purchases and is much easier to get filled. There are no worries about bid / ask spread and available volume if shares are actually being traded. Just remember to start small and manage risk when starting with real $$
  8. EatSleepTrade
    Hi Jordy Might I recommend a Twitter account if you do not currently have one. It is a great place to connect with tons of traders and people are always sharing their ideas. I myself use Twitter to not only see other traders ideas but also to share my own in real time. You can add me @eatsleeptrade7 Twitter has surprisingly become one of my greatest tools. I look forward to sharing ideas with you.
  9. EatSleepTrade
    Hi guys below is my weekly swing Watchlist for the week of 7-13-15. If you have any questions just let me know thanks! #WatchList Week 7-13-15 Video: https://t.co/Euj0gW25I9 EatSleepTrade.net $MYRG $MTZ $CLNE $ZIOP $UAM $CLMT $GERN
  10. EatSleepTrade
    A larger BETA is going to provide stocks that typically have larger swings and larger range. Small cap stocks have been known to provide those larger swings in a shorter time frame.
  11. EatSleepTrade
    I use Yahoo Finance app to look up any fundamentals I want to see. It shows analyst grades, revenue, return on equity, operating cash flow, along with recent news catalyst and a lot more things. For watching a socks price action during the day I've been using Stockmaster app. I can add the stocks from my watchlist to this app and see their price action through out the day as well as see multiple time frame candle stick charts. This app does a lot more and does have a payed upgrade option but I just use the free version to have live updated prices to my phone as well as charts. Both of these apps I have downloaded from the apple store and both were free. I use both of them on a daily basis.
  12. EatSleepTrade

    Follow me on Social Media to see live updates on my trades.

     

    Site: EatSleepTrade.net

    Twitter: @eatsleeptrade7

    Facebook: Eat, Sleep, Trade

  13. EatSleepTrade
    Hi guys wanted to share my video lessons I have created with you guys. 1. Intro to tech analysis 2. Position Sizing and Risk Management 3. Identifying Market Trend 4. Support and Resistance 5. Indicators 6. Scanning for winning stocks Please leave feedback and let me know what you think. Thanks
  14. EatSleepTrade
    100% money management and 10% analysis. Takes 110% to make it in the trading world.
  15. EatSleepTrade
    Getting the proper entry is a major part of becoming a successful trader. Big loss's lead to emotional trading, which in term leads to more loss's. With the proper entry that offers you a good risk vs reward ratio you can minimize your risk while allowing the best possible reward.You should never lose more than 2% of your total capital on any single trade.Following these two simple rules will allow you to define your risk as a trader and allow you to remove the emotional stress that trading can force on to you. Every chart has to be read differently and I don't think there is just one strategy that works for every stock. But I base my entries off good risk to reward. 1:3 or higher. So when I find a chart that offers me at least 1:3 risk to reward ratio. I make sure that my stop can be placed low enough that the stock has room to move, so I don't end up stopping out early. But not risking more that 2% total capital. Example would be $COWN My Idea on this stock was to take advantage of a major sell off or large dip. There was strong support in the 5.45 area as well as the 50day sma that was holding up. The yellow circle represents the day I started my swing at 5.50. The Red circle represent our previous low of 5.39 an area we could place our stop to define our risk. The green circle is our target at 5.95, our previous high as well a strong resistance area. so in term we are risking .11cents with a possible .45cent reward to giving us a 1:4 risk:reward ratio. Once my risk is defined I figure out how large of a position size I can do based off only risking 2% of my total capital. If a chart can not offer me these two things together then for me it is not a good entry point.
  16. EatSleepTrade
    Every chart has to be read differently and I don't think there is just one strategy that works for every stock. But I base my entries off good risk to reward. 1:3 or higher. So when I find a chart that offers me at least 1:3 risk to reward ratio. I make sure that my stop can be placed low enough that the stock has room to move, so I don't end up stopping out early. But not risking more that 2% total capital. Example would be $COWN My Idea on this stock was to take advantage of a major sell off or large dip. There was strong support in the 5.45 area as well as the 50day sma that was holding up. The yellow circle represents the day I started my swing at 5.50. The Red circle represent our previous low of 5.39 an area we could place our stop to define our risk. The green circle is our target at 5.95, our previous high as well a strong resistance area. so in term we are risking .11cents with a possible .45cent reward to giving us a 1:4 risk:reward ratio. Once my risk is defined I figure out how large of a position size I can do based off only risking 2% of my total capital. If a chart can not offer me these two things together then for me it is not a good entry point.
  17. EatSleepTrade
    Hi RealMeanMeany I have pm'd you. Thanks for your interest
  18. EatSleepTrade
    Hi guys I'm new here and wanted to share my swing trading watchlist with you for the week of 5-18-15. I typically hold stocks for 1-15 days. If you have any questions let me know! WatchList $SFS - LF breakout of consolidation $ELY - Bought pull back LF uptrend continuation $WPP - nice bull flag setup $COWN - want to take advantage of big sell off $AFFX - Looking to hold 12.00 support and breakout
  19. EatSleepTrade
    Hello, My name is Allen and I'd like to introduce myself. I'm new to the forums and I've been intrigued with trading for about a year and half now. It all started when I finally decided to open a retirement savings account because my current job didn't offer a 401k. After months of automatic deposits I thought to myself that it would make sense to try and grow the money. I had no idea about Trading, Technical Analysis, Charts, or anything else to do with the stock market. So I started doing online research and began looking into how Warren Buffett became rich with investing. At this time my intentions were to place my retirement in a safe spot where it could continually grow for 5-10 years. The Buffett strategy taught me how to read Income statements and Balance Sheets and use the "WB Quick Valuation Tool" to quickly find companies that are undervalued. After weeks of going through hundreds of stocks I finally found one that met the proper criteria. $NFX is an oil exploration company, I found this stock in march of 2014 at $30.00 when the oil sector was doing very well. Having never purchased a stock before and not wanting to use all of my account on my first stock purchase, I foolishly purchased 5 shares of $NFX at $30.11 with a $7.95 commission fee for a finale purchase price of $158.50. At this point I was feeling pretty good. I found the perfect stock or so I thought, and if it doesn't work out no harm done. I'll only lose $150 bucks. I watched this stock every day for 23 days. On the 23rd day I proudly sold my 5 shares at $33.29 for a $3.18 per share profit! I was so stoked about my first investment until I quickly realized after my $7.95 commission fee for buying and selling the shares my total came out to $158.49. I had actually just lost a penny. For the next few months I watched $NFX continue up to $44.00 and that concluded my introduction to commissions and fees. This is when I realized that I didn't have the capital required to maintain a WB investment style. Soon after I found Technical Analysis and Charts. Over the last year and half I've developed myself into a "technical swing trader". Like many of you my dream is to become a full time trader. I currently use Fidelity for my trading but I'm very limited on how many trades I can make while I try and grow my small account. Once I started trading it was the only thing I could ever think about, and I just didn't have the current capital to trade as much as I wanted to. So this year I decided to start a 1 year paper trading challenge to prove to myself that I can actually do this and prepare myself to open a second more trader friendly (less commission and more shorts available) account with more capital. You can check out my paper trading stats here: http://www.marketwatch.com/game/eat-sleep-trade-2015/portfolio/holdings. I've also created a website to teach others what I've learned as well as create a track record of my history you can check that out at EatSleepTrade.net. On my website you will learn about the type of stocks I look for and how I trade them. If you guys have any questions please feel free to ask. I appreciate constructive criticism. Now I wanted to share my watch list for the upcoming week with you guys. Now keep in mind that these are swing trade ideas. Watchlist Week of 5-18-15 $SFS - LF breakout of consolidation $ELY - Bought pull back LF uptrend continuation $WPP - nice bull flag setup $COWN - want to take advantage of big sell off $AFFX - Looking to hold 12.00 support and breakout
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