Archive for the 'A Dummy a Day' Category

A dummy a day: Sirtris Pharmaceuticals, Inc. (SIRT)

Friday, November 30th, 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.
Much to my frustration, SIRT gave back all of the gains from the last two days. Dummy traders could have gone short:


If you shorted SIRT when it broke below its 10:30 candle at $17.96 with a stop above it at $18.51, you would risk 55 cents. Waiting to cover until the end of the day would have given you about 179 cents for every share you were short, or about 3.25 times your risk.

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

Wednesday, March 14th, 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.
I missed ASTI today:


If you bought ASTI when it broke above the 10:00 candle at $6.50 with a stop below it at $6.15, you would only risk 35 cents. Holding until the end of the day would have given you about 227 cents for every share you owned, or nearly 7 times your risk.

A dummy a day: ADTRAN Inc. (ADTN)

Monday, March 12th, 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.
I missed ADTN today:


If you bought ADTN when it broke above the 11:30 candle at $23.34 with a stop below it at $23.27, you would only risk 7 cents. Holding until the end of the day would have given you about 49 cents for every share you owned, or 7 times your risk.

A dummy a day: IDT Corporation (IDT)

Friday, March 9th, 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.
Here is one that I missed today, IDT:


If you shorted IDT when it broke below its 10:00 candle at $12.19 with a stop above it at $12.32, you would only risk 13 cents. Waiting to cover until the end of the day would have given you about 45 cents for every share you were short, or 3.5 times your risk.

A dummy a day: West Pharmaceutical Services Inc. (WST)

Thursday, March 8th, 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.
Here is one that I missed today, WST:


If you shorted WST when it broke below its 10:00 candle at $44.66 with a stop above it at $45.01, you would only risk 35 cents. Waiting to cover until the end of the day would have given you about 233 cents for every share you were short, or nearly 7 times your risk.

A dummy a day: SmartPros Ltd. (PED)

Wednesday, March 7th, 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.
PED is too thin for me, but it set up nicely:


If you bought PED when it broke above the 12:30-1:30 candle at $5.01 with a stop below it at $4.98, you would only risk 3 cents. Holding until the end of the day would have given you about 39 cents for every share you owned, or 13 times your risk.

A dummy a day: Accredited Home Lenders Holding Co. (LEND)

Monday, March 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.
Here is one that I missed today, LEND:


If you shorted LEND when it broke below its 10:30 candle at $17.99 with a stop above it at $18.31, you would only risk 32 cents. Waiting to cover until the end of the day would have given you about 240 cents for every share you were short, or 7.5 times your risk!

A dummy a day: Horizon Offshore Inc. (HOFF)

Thursday, March 1st, 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.
Here is one that I missed today, HOFF:


If you shorted HOFF when it broke below its 12:30 candle at $15.79 with a stop above it at $15.88, you would only risk 9 cents. Waiting to cover until the end of the day would have given you about 177 cents for every share you were short, or nearly 20 times your risk!

A dummy a day: Akamai Technologies Inc. (AKAM)

Tuesday, February 27th, 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.
Plenty of good examples today - here is one that I got, AKAM:


If you shorted AKAM when it broke below its 10:30 candle at $53.88 with a stop above it at $54.34, you would only risk 46 cents. Waiting to cover until the end of the day would have given you about 246 cents for every share you were short, or over 5 times your risk.

A dummy a day: FedEx Corporation (FDX)

Monday, February 26th, 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.
Here is one that I missed today, FDX:


If you shorted FDX when it broke below its 10:30 candle at $118.60 with a stop above it at $118.91, you would only risk 31 cents. Waiting to cover until the end of the day would have given you about 155 cents for every share you were short, or 5 times your risk.