Couple short term stocks to trade for mon.4-23-12 /5 day max hold time if you get the trade. NYX long at 27.20 stop loss at 26.50. PH long at 82.80 stop loss at 80.25. POT long at 43.65 stop loss at 42.60. TIF long at 66.95 stop loss at 65.00. VRTX long at 36.30 stop loss at 35.05. WHR long at 65.45 stop loss at 63.30. 5-7% targets 5 day hold max. Do not buy in the first 1/2 hour of trading, even if it goes to the enter price. If the stock hit stop loss before reaching enter price scrub the trade. These trades are for monday 4-23-12 only, good luck!
I didn't say I lost money. I just wasn't consistent. Overall, I made money. I just wish it was more predictable. I could make money for 2 weeks and then have a losing week which would impact my trading in the future. I thought that it is easier with stocks since they are less volatile and less institutionalized. I stopped trading live after I had kids and recently started paper trading again after having finished Brooks' trilogy. i tested different instruments and surprisingly my best results are with with gold (GC) but I am scared to start trading live with this instrument because 3-4 losses in a row will be hard psychologically (5 points stop loss is not a joke). I tried looking at mini-gold contracts (MGC, OG, etc) but no volume there...
NYX -no trade went to stop loss 26.50.PH still alive but not at entry price yet. POT no trade went to stop loss of 42.60.TIF still alive but not at entry price yet. VRTX can get in trade now even though its a little over entry you will still make money if it gets to the 5% target of 38.11.