Current Open Positions

[nomore4s]

TAM stopped out @ $0.031

Only have 1 open trade with stop at less then B/E now - OGC stop @ 67c.

Every other trade has stop @ b/e or better.

 

[Iron Man]

Hi nomore4s

I have started my blog. Please check it out.

Cheers

IRon Man

 

[nomore4s]

Current open positions

Things looking pretty good atm. Most positions now have reduced risk or stops are at breakeven or better.

 

[nomore4s]

Damn SLX stopped out @ $6.06

 

[nomore4s]

GNC stopped out @ just over $6.96 ave

 

[nomore4s]

OGC stopped out @ $0.835

 

[nomore4s]

MCW stopped out @ $0.32

 

[nomore4s]

MND stopped out @ ave $10.067

NAB stopped out @ $21.50

 

[Iron Man]

I am in the same boat with stocks being stopped out.

I was trying to take profits while still giving some room to move. In hind sight I should have enacted the "its to good to be true" rule and closed all positions. Yet that doesn't make trading logic of letting winners run.

Market on weekly still in up trend range, so I guess to say its case of weathering the storm.

 

[nomore4s]

MCC stopped out @ $4.90

Ironman - while its hurting me a little giving back some open profit - I'm just sticking to my plan. I've also been extremely busy this week and haven't been able to look for new positions or watch the markets as much as I would have liked.

 

[nomore4s]

MRM stopped out @ $1.52

GMI closed @ $0.915

 

[nomore4s]

MIN closed @ $3.575 ave

 

[nomore4s]

MGX stopped out @ $0.755

 

[nomore4s]

STO @ $14.54 x 400 w/stop @ $13.47. Bit of slippage on entry so I will look to move the stop up asap.

 

[nomore4s]

Todays trades

NCM @ $30.15 x 275 w/stop @ $29.23

SUN @ $6.54 x 750 w/stop @ $6.17

TAH @ $7.60 x 750 w/stop @ $7.08

 

[investorpaul]

Nomores what is the basis for the NCM trade if you dont mind me asking?

 

[nomore4s]

BBI @ $0.09 x 35,000 w/stop @ $0.079 - Bit of a gamble on this one but good R/R as I'm looking for a target around 15-16c

 

[nomore4s]

Investorpaul - NCM is based on a chart pattern. Alot of support around the $28.00 area. Obviously I would prefer to be buying around that area but the buy was signaled today.

I've got a very tight stop and with NCM's ability to gap around I have used a reduced risk amount but still have a good size position so now I just see how it plays out.

 

[Sean K]

NCM, potential higher low, approaching down trend resistance line.

On the chart I'd take a bite through $30.50 but $31.00 looks a challenge.

Gold starting to look a little more bullish to me.

 

[nomore4s]

Kennas I think $32 will be the area it needs to get through to confirm my bullish stance with this stock