D.I.P. it baby!

Wasn't able to ride D and I today that's why I decided to go with P.

D - DMC left me Dumbfounded

I - ICT was Interesting

P - PX was Perfect!! I bought PX when it broke out of its resistance of 16. Sana hindi sya maging Paasa :))

Another L Affair...

For the past 4 weeks, I've been "playing" with the first L of my life...

LR 

I was able to get it at 7.36 then I sold it at 12. But after that, things started to become shaky between us... And after so many whipsaws (I repeat WHIPSAWS - ALL CAPS), I decided to leave LR (for now but hey I'm still bullish on this issue) and move on to a perfect stranger...

There he was... I didn't notice LPZ at first, he was quiet and reserved (consolidating in other words). In my whole trading experience (I started playing last December 2009), this was the first time I decided to play with this stock. The chart looked promising to me (it has been consolidating for quite some time already, the bollinger bands were starting to narrow, the stochastics was turning upward already and most of all there was volume today), so I decided to buy at 5.50

It just broke out of its resistance of 5.60 now let's see if this L affair would last for a couple of days. Although I have a feeling that it will retest its previous high of 5.75 tomorrow....

What do you think?

Be careful what you wish for because you just might get it...

So, what did I do today? Just when I thought that this Friday was not going to be that exciting... (Mahirap talagang magsalita ng patapos! Hehe!) We've always heard of the saying, "Be careful what you wish for because you just might get it".  Well, this morning I wished for something exciting. And yes, for the 1st half of the trading, I was seeing red for my stock picks! *cough EDC and LND*

Then I noticed:

A. Foreign firms seemed to be buying AGI

B. AGI didn’t go down that much as compared to the other stocks.

So, I decided to make my chuchu trade again and entered AGI as close to the opening price today. HIHI! :) Now, I'm looking at AGI's chart and yesss, it's AGI, I'm in love!! HAHAHA! (I will update this post in a while and post AGI's chart.  Promise.)

What do you think?? Hmm...I'd love to hear your thoughts on this, guys?

BTW, remember Trader LIZA? She sold her APC and joined TEAM LND last Wednesday. She was able to day trade it. CONGRATS! =D

My "Cheap" Thrill

I was just thinking about posting something about LND. What are the odds that Christina Hunt will be posting something about LND too. :) Well if you've read Christina Hunt's previous post regarding my short-term endeavors, LND was one of the chuchu trades I did during the past few days.

Well, what made me buy LND? I was actually looking for a cheap stock (less than 2 pesos) for my short-term experiment a.k.a "my cheap thrill". When I looked at LND's chart last August 31, I saw that LND was a possible candidate for my chuchu trade given that there was heavy volume and it was the 1st day up.

The next day, I was hesitant to proceed with my chuchu trade idea but I decided to proceed anyway. That's why I got the issue at 0.56 and luckily, got out at the highs! Then last September 8, I checked LND's chart again and lo and behold, another long white candle, which was the same chuchu indicator I used for LND :)) So the next day, I bought LND again at 0.65 and sold at 0.70!

On a lighter note, I made a bet with Trader LIZA (a trader and a friend from another brokerage firm) that my LND would soon overtake her APC. The time I made this bet, LND and APC were both doing at 0.70. HAHA So, there! I have yet to see LND's move later to confirm if I really won the bet. *crosses fingers for a breakout*.

Goodluck to all of us later :)

Patience is a virtue BUT time is gold...

This will be my first post here in Christina Hunt's blog :) (haha so please be kind to me). For my trading style: I'm trying to be both a position and short-term trader! That's why the first thing that came to my mind was EDC!

We've always heard of the saying "Patience is a Virtue" and I guess this saying is just perfect for my FORCED to GO LONG strategy. The downside though was that I wasn't able to trade that much since I was stuck with EDC back then. That's why it has always been an inside joke for me and my friends that indeed, patience is a virtue but time is gold as well :)

Yes I was one of those "lucky" people who bought EDC at 5.30 last May! HAHA and since cutting loss wasn't my thing back then, I was FORCED to GO LONG and even average down on EDC. Yes, I can say that I have been with EDC through thick and thin *cough* remeber EDC during its 4.30s?? And since then I have been patiently waiting for the day when it would break 5.30. A friend of mine even said "BUTI NASISIKMURA MO PA ANG EDC". September 9, 2010 to be exact that was the day which made me sing hallelujah! Me and another trader from my current office was then cheering for EDC (our cost on EDC was above 5), so you could only imagine the noise we were making when EDC went above 5.30! I know my FORCED to GO LONG strategy is BS so right now I'm learning to create a stop loss for myself already! hehehe

Since I have gone long with EDC I want to try my short term endeavor on it as well. For 2 days already EDC's low has been at 5.30 ;) HAHAHA sooooo, I guess you already know where I'll be experimenting for the next few days...

BTW I do look at charts but hehe I rely on Christina Hunt's TA expertise :) seriously! She's my master and she's the goddess of the charts :)

HAHA so there! So much for my usual babbling :) Goodluck to all of us!