I’m always looking for new option ideas on the best stock picks I can find. I don’t limit myself to just growth stocks or only value stocks, but try to keep an open mind to any worthwhile ideas for good stocks. Since I work full time and trade when I can, I don’t visit a lot…
Month: December 2007
Using Indicators
On most financial sites/blogs I’ve been reading lately I find some mention of the markets’ indicators pointing one way or another. I use Relative Strength Indicator (RSI) sometimes, but not religiously like some traders do. It can be a good guide if/when the line crosses above 70, overbought, or below 30, oversold. I’m not convinced…
DWA Falls Deeper
I wrote three naked puts on DWA nearly a month ago only to see it continue to fall. I still like it long term, but whatever is going against it is certainly punishing the stock in the near term. Maybe it’s the writers’ strike. I can’t find an article that tells me, so that’s just a…
Month End Summary – November 2007
I’m still happy with my returns even after coming off the lofty highs I rode for most of the year. I never claimed I’d be able to maintain such rediculously high annualized gains as much as I’d like to do. What I have claimed I could do and continue to do is beat the major…
PowerShares QQQ Trust (QQQQ) Chart
I looked back on my past two charts on the QQQQ and saw how accurate I was. This is the kind of thinking that makes me lose at blackjack in Vegas. I’m right two times so I up my bets as if that makes my next bet a lock to win. Now I’ve started thinking of…