Canada Trader's Stock Blog

Show me the Money $$$$$$$$

Another day, and we are seeing our portfolio's return improving daily here. Wanted to share some interesting links here today, and out first short in our portfolio.

Swing Trades

Longs

LRMA, XOMA, NOVA

Shorts

PEIX

Current Longs (% gains to date)

NVDA (1), TZOO (4), (6), SUPG, SMTS, SIMO

TRADING RULES

All great traders have one thing in common! If you learn one thing, and one thing only, this is the most important and they are trading rules.

Ed Sykota, Michael Marcus, Paul Tudor Jones, Michael Steinhardt, James B Rogers, Jr. and Kelly Cherkowski all have their own "Trading Rules".

1. Ride winners.
2. Cut losses.
3. Play great defense.
4. Discipline.
5. Keep bets small.
6. Always follow the rules.
7. Know when to break the rules.
8. Don't be concerned where you go in a position. The only relevant
question is whether you are bullish or bearish?
9. Patience.
10. Never trade in situations where you do not have control (example in fron to key reports, as that is gambling,, not trading).
11. Don't ever leverage losers.
12. Be your own person.
13. Always do your homework.
14. If you don't bet, you can't win.
15. A strong desire to win.

These are my trading rule, and I read them every morning before trading and every afternoon after trading, and if I follow them, I pat myself on the back, and say "Well Done"!

This is the best advice I have received regarding the psyschology of trading from Dr. Van K. Tharp.

Swing Trades

New Long Positions

SUPG
SIMO
SMTS

Current Longs (% gains to date)

NVDA (4), TZOO (1), IIVI (0), BRLC (3)

Day Trades

none

CAL short @ 32.5 cover @ 31.95. for gain of $ 1,010...(2,000 shares) airline stock pulled back across the board after a good run up the past month due to the lower price in Oil.

Thursday, October 12, 2006

I dedicate this blog to my wonderful children, Koll and Anna who are the sunshine of my life, thank you so much.

My purpose of my blog is to provide valuable experience to myself and other to learn to make money out of any market. My goal is to provide annual returns of 70% or great every year, and to make money in very month in the market.

Lofty goals, but achievable!

Overall market trend continues higher today, thus we are riding the winners are far as they carry us. Starting today, October 12, 2006 here are our first positions.

TRADES - SWING TRADES

Long positions here

NVDA
TZOO
BRLC
IIVI

DAY TRADES

Short

ACOR from 17.46 and covered at 16.97 at the close.....alot of day traders are going to sell this off every day at the end of trading..