stock market surfboard

High Probability Trading by author Marcel Link + More

Just recently I started a new stock traders book High Probability Trading by author Marcel Link. So far I’ve gotten through the Preface. It isn’t very dry and it seems to push all the lessons and rules I have learned from many great traders. Marcel Link stresses disciplined qualities and I’m sure it will be a great read. I think reading about what you are most interested in being a success in is a step to becoming it, but as I’ve already reading actually trading with real money is the true test. I just recently finished the book How to Become a Stock Market Genius. It gave some interesting ideas I haven’t heard of before and I plan to practice them on paper to see how they work out. A book my friend is reading called How to Trade like Jesse Livermore is one of the best books I’ve just glanced at since I started reading it when he put it down. Many of the stock market rules in the book are the same I’ve been taught. I can’t wait to read it once he is finished so I can borrow it.

Recently the stock market, although choppy, has been feeling overall bullish since the economic reports and fed chairman Bernanke have been sending upbeat views. Employment is strong, oil is rising and stocks are rising with it, GDP is rising which is good because it could raise rates, but inflation remains flat and companies growth is still increasing which bulls want to hear.

NutriSystem Inc. (NTRI @ 52.41) has been going up a steady slow incline for the past week up around 4 pts since last Friday. If it hits $60 then my options trade for NTRI JUN 50 Calls will be up 100% and my GTC order should sell out. As for my other trades well they aren’t looking so good. For one thing, Boeing (BA @ 89) has just been hanging out at just $89 for too long. I own APR 95 Calls and my option is starting to decrease with the expiration date catching up. NYSE Group (NYX @ 93) has had a strong gain up to $97 and came back down to catch its breath. I expect it to go much higher and sell me out once it goes over $100 for my SEP 115 Calls. Another stock that has been flapping on the ground like a dieing fish is Trump Casinos (TRMP @18). It moved to $19 and has fallen down since after talking of a full sale of Trump Casinos to a larger casino. I’m wondering if a deal does go through how much of a premium would TRMP get bought out for? I’m wishing over $20 would sell me out of my JUL 25 Call position.

Long-term stocks that I own for speculative possible big gain chances are CCNG.OB and WTVI.PK both now trading below a penny, which sucks in my opinion. They have been both collecting and moving forward, but for some reason the stock price has been moving in the oppositive direction I think mostly because current investors are scared. I don’t know if I’m just crazy for buying the stock or if within 1-2 years the stock will move enough positively because something very good has happened and buying a very risky penny stock could pay off big for me. If not it is money I can lose and I went into the trade understand the high risk circumstances that the company could just declare bankruptcy for the 10th time (ha ha ha, jk).

A stock that has just hit me hard is Jones Soda Co. (JSDA @ 21.30). Recently browsing stocks like I usually do reading one article going into another I stumbled over a Jim Crammer article I believe of NTRI’s stock page. In the article it talked about small companies with lots of growth and with HANS a simular company was JSDA. I immediately went to go check it out to see the marketing behind the product at www.jonessoda.com website because if you can create an awesome looking product it has a greater chance of becoming successful in my opinion doing a lot of internet marketing. Once I saw it I immediately remembered it because I’ve actually had one before. The soda bottles are very distinct because they are colorful yet classy looking and fun. In my opinion a receipe for success. What I also found out researching the company on the website is that they really involve their customers with their product. Check out the www.myjonesmusic.com link and the www.myjones.com link at the bottom of the webpage. What you will find our brilliant gurrilla-type marketing ideas!!! Freaken awesome. A beverage company letting its customers put their own pictures on their favorite soda, offering blogs, and offering musicians a portal to express themselves can I say awesome again. Pepsi and Coke are maybe mega-huge billionaire companies, but they have no chance against a little companies like this. This company since its small can be more innovative and free thinking again a receipe for success. Anyway back to my story coming across Jones Soda. So after reading the article, checking out the Estimates, company website, and price of the stock I have to admit Jim Crammer could be really right on this company. Sure it has already moved considerably $1 – 21, but I feel an average investor who just gets in now still has much opportunity for future stocksplits and profiting. The only thing I wish the company did offer is stock options, what I enjoy trading, but maybe in time they will offer stock options. Jones Soda Co. is distributed most likely at your local store so go check it out they are delicious. And if you want more bang for your buck and feel like a super hero check out their energy drink Whoopass! Again back to the story, so later that day at work (because I had duty) I turned on the tv and Mad Money came on with the exact story I just read on Jim Crammer. This convinced me even more as a sign from God above that I should definitely look into the company more.

After checking out the site I noticed the company sponsored atheletes and talents. I filled out the application and I hope they contact me. I’ve been longboard surfing for 13 years and it would be awesome to wear a Jones Soda pop rashguard and represent Whoopass! logo. I’d get a kick out of it and I’m sure other surfers would ask me where to get it. I’m also curious if they have an affiliate marketing program because I’d definitely represent Whoopass! banner on my site to keep geeks like me awake while reading heavily financial books that can put you to sleep after just a few pages (try reading employment theory! omg!)

Well anyway be sure to drink a cold refreshing Jones rootbeer soda sometime to relax.
Also remember HASH is tomorrow at 3PM. I can’t wait! Definitely the Turkey trail this time!


Fridays always seem to be bearish. – Week summary

It seems to me Fridays are always bearish or at least a great percentage. Every call option I’ve ever bought seems to drop on Friday. I believe I was even hinted from my mentor that Fridays stocks seem to fall after a week of traded on weakness and tiredness in the market place. I expected the market to continue falling after a small rally buying session after Feb 27’s predicted sell off. Fed Bernanke keeps trying to make investors stay optimistic about the economy’s neutral position and still solid fundamentals, but investors seem pretty gloomy. I’m gloomy, but today reading some old materials on the stock market I realized something significant which is that we are in “warnings season” when profits are lowered and companies warn about lower earnings. So I should be embracing this not being gloomy. I’m trading the wrong positions currently and that is probably why my portfolio is taking a beating. I’ve been very bad is the past 15 days I planned to pay off my car I instead traded all my money again.
“All aboard I’m all in” – for some reason I think like this and its getting to risky for my financial goals and health status.

I just recently purchased my first customized 6’6″ Classic 1970’s Fish surfboard. I’m going to have an awesome graphics design on the board with ironically my golden stock rules I keep forgetting or ignorning on the front so they are looking right at me while waiting for waves, and on the back I’m going to have a rising sun picture (like Japan’s rising sun flag) with the artwork called “rising sun” which is a male with wings stretched out taking off for hope on top of the rising sun image. Next to the male (possibly with a cartoonish image of my face) will be a mean bull on the left and a scared bear on the right. Under the drawing it will say “bull vs bear”.
This will be my stock market surfboard to remind me everytime I go surfing that I need to follow these rules to control the bulls and bears to be a master of the market. This might sound kind of nerdy and not very surfing imagery like, but surfing is a great time for quietness and memorization. The more I read those rules sitting out in the ocean the more I should live by them. I will post a picture of my board when its done.

Right now the market is shakey. This big sell off should spark a upwards rally, but we could be in for an extended decline. I think Apple Inc. in May starting to sell iPhone units will be a big help in pushing tech stocks like Apple higher, including Sony’s PS3 being a hot product with blue ray, Research and Motion’s phones, and Nintendo’s Wii performing and selling so well.

Speaking of “blue ray” this is definitely something to lookout for. I’m going to start researching companying manufacturing it and selling it because it will be the new HD picture formating tool of the future. Instead of DVD players you’ll start seeing Blue Ray players to show true HD picture which is now needed if you want to watch true HD movies/shows.