Archive for the 'A Dummy a Day' Category

A dummy a day: AmeriCredit Corp. (ACF)

Saturday, December 22nd, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
The setup today in ACF paid off nicely:


If you bought ACF when it broke above the 11:30 inside candle at $11.81 with a stop below it at $11.66, you would only risk 15 cents. Holding until the end of the day would have given you about 109 cents for every share you owned, or about 7.3 times your risk.

A dummy a day: Lindsay Corporation (LNN)

Thursday, December 20th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
LNN also set up for a dummy trade today:


If you bought LNN when it broke above the 11:00 inside candle at $67.26 with a stop below it at $66.22, you would risk 104 cents. Holding until the end of the day would have given you about 373 cents for every share you owned, or about 3.6 times your risk.

A dummy a day: EMCORE Corp. (EMKR)

Tuesday, December 18th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
EMKR had a strong open, which would put it on my watchlist:


If you bought EMKR when it broke above the 12:00 inside candle at $12.83 with a stop below it at $12.64, you would only risk 19 cents. Holding until the end of the day would have given you about 104 cents for every share you owned, or about 5.5 times your risk.

A dummy a day: Ascent Solar Technologies Inc. (ASTI)

Monday, December 17th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
ASTI was a nice dummy short today:


If you shorted ASTI when it broke below its 11:00 candle at $18.79 with a stop above it at $19.01, you would risk 22 cents. Waiting to cover until the end of the day would have given you about 170 cents for every share you were short, or over 7.7 times your risk.

A dummy a day: GSI Commerce Inc. (GSIC)

Saturday, December 15th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
Today, GSIC made a perfect dummy short set up:


If you shorted GSIC when it broke below its 11:00 candle at $22.10 with a stop above it at $22.35, you would risk 25 cents. Waiting to cover until the end of the day would have given you about 184 cents for every share you were short, or about 7.4 times your risk.

A dummy a day: AMIS Holdings Inc. (AMIS)

Thursday, December 13th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
After the gap up, AMIS didn’t really look like it was going anywhere until around noon, when it did finally go somewhere:


If you bought AMIS when it broke above the 11:30 inside candle at $8.93 with a stop below it at $8.81, you would only risk 12 cents. Holding until the end of the day would have given you about 67 cents for every share you owned, or 5.6 times your risk.

A dummy a day: Hovnanian Enterprises Inc. (HOV)

Thursday, December 6th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
HOV set up for a nice trade:


If you bought HOV when it broke above the 11:00 candle at $8.16 with a stop below it at $8.01, you would only risk 15 cents. Holding until the end of the day would have given you about 84 cents for every share you owned, or 5.6 times your risk.

A dummy a day: First Marblehead Corp. (FMD)

Wednesday, December 5th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
The one-time momo stock FMD is falling like a rock and set up nicely today for a short:


If you shorted FMD when it broke below its 12:00 candle at $21.97 with a stop above it at $22.15, you would risk 18 cents. Waiting to cover until the end of the day would have given you about 196 cents for every share you were short, or about 11 times your risk.

A dummy a day: China Technology Development Group Corporation (CTDC)

Tuesday, December 4th, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
CTDC set up nicely today:


If you bought CTDC when it broke above the 11:00 candle at $5.54 with a stop below it at $5.44, you would only risk 10 cents. Holding until the end of the day would have given you about 155 cents for every share you owned, or 15.5 times your risk.

A dummy a day: Clean Diesel Technologies Inc. (CDTI)

Monday, December 3rd, 2007

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
CDTI has a massive average volume of 4000, so you could say it is kind of thin. Nevertheless, it set up for a nice dummy trade today:


If you bought CDTI when it broke above the 10:30 candle at $25.41 with a stop below it at $24.99, you would only risk 42 cents. Holding until the end of the day would have given you about 234 cents for every share you owned, or over 5.5 times your risk.