Trade only with clear and convincing pattern Be Patient |
| Thursday, May 25, 2006 Daily Activity Day Trading and Short Term Swing Trading: STS (Short Term Swing, 1 to few days) Stock Picks 8:00 - 9:45am (West Coast Time) (new) Good Morning JDSU F MSFT No carry overnight ______________________________________ Swing Picks (1-3 months) Option Trading New Overall market has been in downtrend. That means more people lose money. It may be choppy from here on. It is ok to stay on the sideline. Swing watch list : MSFT Dow and Nasdaq are not at bottom yet ______________________________________ LIVE Training for Part Time Trading Update from Yesterday PSS: out at 25.99, entry level was 24.06 yesterday, a 8% gain (08:58:40) Update on PSS: Overall market was down all day yesterday until last hour. PSS was valid because of high volume. Use buy stop order if not watching. Once it was in the trade and broke new high, it was a short term swing stock by using 10-minute chart. This is a good lesson. Today, PSS, let it runs as long as it is above entry level or above 50MA. Profit taking is when it reaches new high and find resistance. (06:11:02) |
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