3SOF

22 Feb, 2006

Sold all goodies, includes quick in and out sale in dear friend PTSC.

I dont trust market action. I would rather be buying and selling frenzy stocks [read super momo stocks] for quick flip then to hold a bag and pray.

And just a suggestion: If you want to make money, just go to G's place and see what you can do with your multi-baggers.

Holding: ALL CASH.

25 Feb, 2006

Bought NICH on Friday. There are rather two bad things about my trade. First buying near 8.0 and also buying rather quite a big size. It seems like I am going to be bag holder on this one if it closes below 6.30 for short term. On the bright side I still see both fundamentals and technicals intact. Will see how the action evolves next week.

Goodluck all.

27 Feb, 2006

NICH: Sold with nice 5% gain instead of losing 15% at one time. David was right on target when he analyzed. I did not have nerves to hold it longer. Though I think 5% gain for couple of days is more then ok for me.

Holding: CASH 100%

Goodluck and disciplined trading all.

28 Feb, 2006

LA is pouring dogs and cats. Just the right kind of weather to get late out of bed. I am not playing market and would have an extra hour of sleep. Living on the west coast does give you the advantage of playing the first hour or half, and still go to work.

Goodluck

1 March, 2006

I am not playing the market again. Though Nasdaq is technically intact I dont see why many bulls will jump in. Let the bears play for a while. The tax deadline is approaching and I am not finding time to do my taxes [have 29 pages of 1099, so you can understand what I am talking about]. At the moment I think TurboTax online may be the best place. I may go for the TurboTax Premier with Audit Protection feature.

Goodluck.

Stocky, if you don't already use it, one of the quicken programs may save you some time.  I have been using Quicken for a few years to track family finances and starting using it last spring for my stocks also (started trading in April).  It is an easy import into Turbotax (got Premier on Ebay) so you don't have to input every single trade.  I don't know how many transactions you would have but my total was just over 500.   I can't imagine how long it would take me to enter those in, one by one.  The $40 I spent on the latest Quicken and Turbotax was well worth it if not for that feature.  I still have to go through the imported info to make sure it's all there but the totals line up already.   

Also, some brokerages allow an easy export and import into Turbotax.  I'm with Ameritrade which doesn't allow it but your brokerage may.  If you want me to check in my program, post your brokerage and I can see if it's in the list.

Quote from: basonista on March 01, 2006, 07:21:59 AM
Stocky, if you don't already use it, one of the quicken programs may save you some time.  I have been using Quicken for a few years to track family finances and starting using it last spring for my stocks also (started trading in April).  It is an easy import into Turbotax (got Premier on Ebay) so you don't have to input every single trade.  I don't know how many transactions you would have but my total was just over 500.   I can't imagine how long it would take me to enter those in, one by one.  The $40 I spent on the latest Quicken and Turbotax was well worth it if not for that feature.  I still have to go through the imported info to make sure it's all there but the totals line up already.   

Also, some brokerages allow an easy export and import into Turbotax.  I'm with Ameritrade which doesn't allow it but your brokerage may.  If you want me to check in my program, post your brokerage and I can see if it's in the list.

with so many trades in a year, can you claim trader status?  Per Ted Tesser's book might be able to save a lot if do.  Well maybe something to discuss.  Not sure if appropriate in this thread.  If not, let me know and I might start another thread to discuss trader status.

Quote from: catrader on March 01, 2006, 03:02:47 PM

with so many trades in a year, can you claim trader status?  Per Ted Tesser's book might be able to save a lot if do.  Well maybe something to discuss.  Not sure if appropriate in this thread.  If not, let me know and I might start another thread to discuss trader status.

Catrader, thanks for the book suggestion.  I would be interested in anything you know about investing taxes.  Another thread would be great - we won't have to distract from Stocky's area that way.    And I'm sure Stocky would appreciate that. 

1 March, 2006

Its fine if you like to post here or anywhere though I think we need a new thread on TAXES and TRADING. It would be great resourse to us all.

Basonista, my brokerage is scottrade and I am sure I am doing more than 500 trades. If you can check in your program that I can import file from Scottrade and how can I do my taxes with maybe turbotax or other software 'easily'. i.e. I wont like to enter each and every trade

Hi Stocky.  My broker is Scottrade too and I had to enter one by one of my trades in Turbo Tax.  Turbo tax has a list of Brokers for import the info, but lamentably Scottrade is not there.  If you have an account with Gains keeper you can do it!!!
I was looking a lot but I didn't find any program to do it!!!

3 March, 2006

Today I did some Random Trading with PTSC and ran away with quick small profit. Ok for me. I am thinking of making it as my core 'strategy' if one can call it a strategy. Just I have to know where the button is. Eyeing XSNX for tomrrow's random action.

I dumped Homer Simpson and got this dude on my profile to truly reflect my trading style. Let me be more honest with myself.

Randomed: XSNX, EZM, PTSC.

Unloaded: XSNX++, EZM=

Holding: PTSC and Cash.

Goodluck all.

5 March, 2006

The bet on XSNX was good one, so was PTSC. I think PTSC is all set to break recent high of 1.62 and you all know what that mean. PTSC has given very systematic entry point by going down at the open and romping up later. I think when this thing repeatedly happens, it does not happen. Meaning, Monday may not give the early dip for day traders and waiting too long may miss the bus. Also I am expecting some sort of news coming out. With 150 companies on the list, if you assume some linear distribution then 150/52 = approx. 3 companies signing up every week, or 3 news per week. Well I will call this gold ol' pumping. But I would be happy with 1 news per 2 weeks. Also my intention with this stock or any other is Randomized Profits. Which means I may have multiple entries even if I am bullish, which means I would take small profits as I can get.  So thats quite risky. But I am happy with this style at the moment.

I see NICH as lot of potential for random profits.

I am also eyeing CKCM for some position. I have liked the company and was my first pick in the 1k contest. I think this one could be a mover if the leadership firmly goes to tech. But wont buy into any gap up at the open.

Goodluck all.

6 March, 2006

With rising oil I am never comfortable holding any non-energy stock. The conditions may again favor Gold stocks and as usual my favourite is USGL.OB.

Will see what happens after the market open.

Booted: PTSC+++

Holding: Cash

Plz note, I did not buy NICH. I am not sure I will trade any more stocks this week. I already have too much on my hand and the workload is already driving me nuts. It will be good for my sanity to walk away with cash and return when I have fixed other urgent stuffs. Hope to be back by March 15.

Goodluck all.

9 March 2006

I did not intend to jump back but I see a random opportunity in PTSC again. I intend to buy at open on Friday. The stock has a feeble resistance at 1.91 and I am sure that there will be gap up at the open may be near 1.83 but I think its ok. We will see atleast something near 2 tomorrow in my random opinion.

Over the last couple of week, PTSC has enormous gains even in the face of choppy market and I see no reason that it has some life and juice left for random traders like me. Though to play it you need to have fast fingers and litte greed.

Goodluck all.

10 March, 2006

PTSC is closer to opening near 1.83 and I hope to make entry near it. I am expecting another move today in this one. Though I will move my clicks faster.

Holding on to all my shares. I think Friday is not the best day to sell. I will see how things develop on Monday.

Goodluck all.