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edgararakelyan
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Posts posted by edgararakelyan
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Hi Alan,Where did you go?
I bought into Apple big time like you recommended, but now I'm underwater on the trade.:doh: Should I sell now or try and get out at break-even?
Please help!!!
BlueHorseshoe
aapl looks like it is supporting itself on the support line well enough
and it looks like it could have a nice rally to its resistance at 485-95 by the indication of the depleting volume.
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aapl's lookin pretty good, it successfully tested the support and increased on high volume then decreased on very low volume. Looks like aapl will try to fill in the gaps at 486-510.
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sorry I've been extremely lazy and forgot about updating the thread. Well I covered my short of aapl at 474 at a pretty high loss, learned from my mistake so it's alright. Then I rebought aapl at 475 and sold this morning at 483 at a nice profit.
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I am in aapl shorting it at 457.19 because of the converging support/resistance and I find it more likely that aapl will break the support rather than the resistance because of the lack of volume and that the price couldn't survive above the resistance for long.
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aapl looks like it has found support in 457 and if it can hold and push it may be able to fill the gap back into 500. The only unsettling thing is that the volume isn't very high. It would also find resistance at 464. Also according to fibonnaci retracements from aapls prior gap down at 500 down to 437 aapl should retrace atleast to 470.
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Luckily with the rally that we had this morning, I sold out of my position of 457.9 at 457.1 and lost very little, mostly commissions.
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aapl really looks screwed now.
aapl broke it's support and retested it and fell. We will have to wait and see tomorrow if it can reach back into the Andrew Channel and given the fairly low volume it could.
If it cannot support itself then it can drop down to 420-425 and then even possibly to the 350s.
Given this enormous fail that aapl has been lately, I think I will cover my position at 457.9, which the loss will be about as much as my profit have been this past month, but if it does go awry a lot of money can be made shorting.
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You are trading against the trend, NOT GOOD. If you leave a 100 share position overnight and the stock gaps down, you can lose a quick 4 to 5 thousand of your 10 thousand. I tend to want to take trades against the trend as well and have spent 2 years trying to break myself of this. If it is easy to take a position exactly where you want , you are probably trading in the wrong direction. It should be difficult to buy at a good price. Read "Reminisciences of a Stock Operator". It is the first and possibly still the best book on trading.Thanks, and i'm not completely mad that I did this trade, I learned a valuable lesson that will save me money in the long run. With each incorrect trade I learn what I did wrong and become better for it.
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holy crap that bartender was amazing, seriously how can someone do that?
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A trading coach said to me once, "Did you follow your plan, yes or no?" As long as you followed your plan, its good, even if it was a losing trade.Just keep things simple and don't over complicate an already difficult thing to do, ie trading.
We all make mistakes, forgive yourself and try not to do it again.
This is true in trading and poker, really anything with probabilities. What makes me worry is if in the long run my system is profitable, hence I wonder if I follow my plan will I make a profit or am I just lucky atm?
http://www.traderslaboratory.com/forums/traders-log/15435-edgars-stock-market-trading-log.html
http://www.traderslaboratory.com/forums/traders-log/15286-trading-aapl.html
These are both my logs, can you guys check if i'm trading correctly? And btw, these are all taken after market, i'm in school during market hours so I cannot post how I think and trade during the market.
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thanks im going to check this out.
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I made a very rash decision today in attempting to make a quick trade of aapl. I bought aapl at 557.9 and knew that I would not be infront of the screen for a few hours only because I wanted to make a trade and make money because I hadn't made or lost money this week. Well now i'm probably in a losing trade, I thought I shouldn't sell and maybe wait for what happens tomorrow which i'm guessing it will drop to 440 and find support, possibly go back up and then I will be able to sell.
Hopefully it is in consolidation in the 455-460 area again tomorrow and I can sell at a profit or break even but the increased amount of volume at the end of the market day tells me it probably won't.
But some good news is that it went to 456.4 during afterhours, which does it make a difference at all?
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I think I can easily pull 50% gains a year and if you have 1:2 margin then if you get 50% of your total buying power then you are getting 100% of your actual capital. If I were to be trading more capital which I hopefully will be in a couple years and am making the same and if not more gains percentage wise then I'd be making a whole lotta money.
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Something neat, look at how similar aapl's weekly and 1 min chart lookalike.
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Here you can see that aapl broke through the resistance (the andrew channel) and went on higher yet at the end of the day it looks almost like aapl formed a head and shoulder pattern so we'll have to see if it can test and hold the support line.. Which being that this is a 1 minute chart i'm not sure if it's reliable or not.
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Hi, I had an aapl trading log and I thought that it would probably be better if I just made an overall trader's log.
Right here you got PCLN, obviously this stock's looking really good. It broke the resistance it had at 680 and is now booming onto 720. Considering that this stock still has very good volume, it could reach to 740 and find resistance there. Will most likely get into some sort of trade with this stock tomorrow.
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It seems traders make more money yet investors have more money to invest therefore make more, just a smaller percentage.
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I believe aapl will find support in that gap I circled at about 440 if not then it could find support in 425 or even 369. Will go short next week depending on circumstances likely.
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I have always been on the side of firearms as i'm a conservative and for individual rights and and i had never shot a rifle before so the other day I went shooting with a mosin nagant and I fell in love with the gun. So powerful and strong. Now i'm addicted to guns.
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I followed my strategy to the T. I sold out of my position of 504 at 510. I was speculating whether or not to buy in before earnings as i heard they were god, yet I didn't. Thank god as aapl dropped down to 463 during after hours, lol that was crazy.
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what do you guys think of the outcome for this stock?
I think it looks extremely bullish with the price increasing with the volume whereas the stock decreased on decreasing volume. Also the stock has past the possibility of it being a correction in the trend.
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You can build a swing trading strategy that works for your situation. There are lots of traders that have full time jobs. With today's mobile apps and alerts you can make it happen. Find a platform that has what you need and go for it.Yea this is mainly what I do, I use my mobile app or carry my ipad in my bag, rather than a day job I have school.
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Today I shorted aapl at 498 but then ended up covering at 498 taking a small loss from commissions which is alright as I bought into aapl later this morning at 504 and expect a nice profit tomorrow.
As you can see, aapl fell on light volume and the price is increasing with the volume which is always a good sign. The stock could definitely rally much higher if the earnings are great. I think tomorrow aapl will gap up and I will sell then and then wait for the reaction from the earnings report. This is only short term though which is mainly what I care about.
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I'm at about step 15-17. Lol still got a highway infront of me.
Edgar's Stock Market Trading Log
in Traders Log
Posted
haven't made a trade since the last one I posted but may be making one soon enough, aapl looks like it can support itself with that support line as it has tested it several times.
Here you can see that aapl could possibly have a nice rally soon indicated by the downtrend of volume