Trade Journal Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal

New Buys: BPHX (bought because it provided a low risk b.p. The stocks is also bouncing off of the 50 day MA), ALG (bought because it is bouncing off of the 200 day MA. Chart also suggests that the stock is under accumulation), STAR (grabbed some since it is bouncing off of the 10 day Ma with tremendous force. May begin a new uptrend)

Added to: OMCL (good buy point for an initial position as well)

Thinking of Buying: I've been keep an eye on DCO for a while. It looks like it may be forming a double bottom.

From now on, I will try to provide reasons for my buying, selling, etc. This serves to help me rationalize why I went through with an execution and it can help you the reader to understand why (the reasons) I performed a certain action.

Also, notice that I did not buy every stock that I listed yesterday (stocks at a good buy point). Good buy point or not, you should only buy a stock if it is performing well and to your liking. Because ASTE, TRAK and TLEO did not behave the way I expected them to, I passed on them. Of course, this can all change before the closing bell. We'll just have to wait and see.

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer


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Stock Picks Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Stocks at Proper Buy Points

One of the best strategies that a trader or investor can utilize in order to manage risk in their portfolio is by initiating positions in stocks at proper buy points. Buying at a proper buy point helps minimize down side risk, keeps emotions in check and gives you a better exit/stop loss strategy. The recent market correction has helped create several interesting buy points in many stocks.

Here are a few of them: ASTE, OMCL, TLEO, TRAK

ASTE


OMCL


TLEO


TRAK


A common theme that can be seen among these stocks is that they have all reported great earnings. In addition, their stock prices are at proper buy points, near their major MA's, such as the 50 day MA. The riskiest of the bunch are OMCL and ASTE as they are slightly further away from their 50 day MA. The correct stop loss would be if the stock drops 7-8% from the buy point or if the stocks closes beneath the 50 day MA on major weakness.

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer

Visit 1800blogger to see all of our industry leading blogs