Trading High Potential Stocks
Now that would be the perfect day to make tons of excuses. The thing is, sound trading doesn’t work that way. The market giveth, the market taketh away. Today it took. Our job as traders is to graciously accept losses, to turn the page and to move on. YUII – YUHE International gapped down and […]
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Although I would have expected MRZ.V – Mirasol Resources to close somewhat higher today, overall the stock is behaving extremely well. Last year VEN.TO – Ventana Gold was the stellar performer everybody was talking about. New stars will emerge and have their moment of fame and be in the limelight. Who knows, maybe MRZ.V is […]
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What can I say, markets are gapping up and down almost every single day and remain choppy. Welcome to whipsaw country. A perfect example for the markets’ choppiness would be LIWA – Linhua International that printed an almost picture perfect breakout to the upside yesterday. Today is another story though. An ugly reversal candle. Everybody […]
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Going through my charts I see lots of technical damage. Plenty of charts show ‘Hole in the Wall’ patterns. I’ve written about this phenomenon before. It is a gap down that comes after a long uptrend and has the potential to end the uptrend. Keep in mind a Trend Change doesn’t necessarily mean we will […]
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Tonight’s chart is a good example of how I proceed when I add a stock to my public list. To begin with I look for strong thrusting moves. Most of the time the initial move creates a gap which is accompanied by above average volume. The important thing to keep in mind here is the […]
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Just a quick posting as a very interesting trading vehicle just started trading. I am referring to Van Eck’s new Market Vectors Junior Gold Miner ETF. I am going to add that one to my public list as Van Eck’s GDX – Market Vector Gold Miners has become a very popular exchange traded fund. GDXJ […]
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I sold all my positions and went to cash today. On the one hand this was a very tough decision. Today’s email went out to roughly 1.000 people. At times this can add some additional pressure. On the other hand it was an easy decision as running a website really helps being disciplined as it […]
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The picture hasn’t really changed. The markets continue to be weak and technical damage is increasing day in, day out. A few stocks like WEE.V – Wavefront Energy can buck the trend, but it feels like they are really swimming against the stream. With most of my positions I am seriously starting to get the […]
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Canaco Resources – CAN.V a gold mining stock doing business in Tanzania is my latest portfolio addition. I could write about the fundamentals but this is not exactly my style. So with the exception of a few things I would rather consider common sense as opposed to an in-depth fundamental approach I will stick to […]
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More great news from VEN.TO – Ventana Gold. They came out with new decent drill results and guess what. Yes, that Brazilian billionaire is at it again. He bought more shares yet again. I did compute the numbers and he paid 10.04 CDN$ for the last 2.155.300 shares he bought. So if my assumption these […]
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