Notes & Quotes from #Stocktoberfest 2016

#Stocktoberfest 2016 is in the books. If you are a trader, investor, or fintech start-up founder, you couldn’t ask for a better venue or a more gracious host; and I challenge you to find  a more genuine group of finance professionals (and market enthusiasts)  than the @stocktwits community. It was an honor and a privilege to be included. I met smart people, heard stimulating ideas, and received personal advise from those that have taken all the lumps the market can deliver and stepped out of the ring winners. It was truly a great time!

Ok, without any further nostalgia, here are my notes & quotes from #Stocktoberfest 2016: Continue reading “Notes & Quotes from #Stocktoberfest 2016”

Losers Average Losers – $Study, Discipline, Plan, Process & Passion Win

One of my favorite trading books is Trend Following by Michael Covel. In that book Covel describes a hand written note hanging on the wall behind the desk of legendary trader Paul Tudor Jones. The note read, “Losers Average Losers.”

jones

The note was a reminder to Jones not to add to a losing position. I have come to embrace this philosophy as my experience with averaging down has rarely led to profit and almost always had negative impacts on opportunity cost. I have found that when a trade goes against me, the best thing to do is to sell it for a small loss and move on to another idea. Adding to positions that are in a downtrend turn small losses into large losses. With trading, keeping the losses small is key to Risk Management and leads to survival and profitability.

Continue reading “Losers Average Losers – $Study, Discipline, Plan, Process & Passion Win”

$MGT: John McAfee + 11 Million Share Float = Fireworks

On Sunday night MGT Capital Investments $MGT was an unknown penny stock involved in online gaming and fantasy sports. By Monday morning $MGT had announced that they were buying John McAfee’s cyber security company, naming the cyber celebrity as their new CEO, and renaming the company to John McAfee Global Technologies.

Continue reading “$MGT: John McAfee + 11 Million Share Float = Fireworks”

$HIMX Showing Signs of a Breakout Ahead of Earnings – Himax Technologies

During the trading day on Friday, May 6, trader @wallstjesus reported some bullish “at market” weekly call activity in $HIMX – you can find the report here. Intraday on Friday $HIMX broke established support at $9.95 only to rally into the close with a huge 889,000 share volume spike that regained that critical support level. These events on Friday, combined with recent consolidation in share price caused me to flag $HIMX on the Facebook page before the open today as a stock that was showing some signs of a breakout trade.

The trade triggered today and was confirmed by a 61.5% increase in volume – 4,429,319 shares of $HIMX exchanged hands today vs. 2,741,460 on an average trading day. The stock gained as much as 6.42% on the day before ending the session up 2.72%. It should be noted that $HIMX reports earnings before the open on Thursday, May 12.

Continue reading “$HIMX Showing Signs of a Breakout Ahead of Earnings – Himax Technologies”

NanoString $NSTG: A Lot to Like for your Watch List

For the upcoming week, I have NanoString Technologies $NSTG on my watch list. There is a lot to like about this stock for a potential swing trade. This stock has a small float, a high short interest, and a good looking chart, which can be a great combination for a short-term breakout. $NSTG has been consolidating nicely since the beginning of March which has led to a rising 50 day moving average that is close to crossing the 200 day moving average; this is a bullish technical indicator known as the Golden Cross. In addition to the possibility of a Golden Cross, the chart is presenting a Symmetrical Triangle, which in combination with the rising 50 day moving average, is another bullish indicator.

Continue reading “NanoString $NSTG: A Lot to Like for your Watch List”