US Weekly Pick - 4/25/2011

This blog is record of me in becoming a great trader in time to come. It also serve as constant reminder of the trading rules that I need to follow.

I used to buy stock based on news and analyst’s recommendation, which usually end up in loses. I also used to monitor live stock price and buy into a stock when I see the price is running up (chase the stock - GREED) and sell the stock when it starts to come down (FEAR). The result? Every time after I buy, it come down, and every time after I sell, it goes up (I believed this is very common among us) I have then learnt that I NEED to AUTOMATE the trade (become end of day trader) to take out the emotion of FEAR and GREED. It works. I plan my strategy after the market close, automate my trading before market open, and let the market decide the outcome of my plan & strategy.

Automate your trade with E (Entry), S (Stop Loss) and P (Profit Target) Keyed in before market opens. Remember to use OCO, if Done, StopLimit order to protect your trade (Your Money). 

Use StopLimit Order. Only buy when E was broken, and MUST sell when S is broken. Remember to shift your S accordingly (to protect your profit) when the stock price move

This week’s potential Up trending stock (US)

Counter	Symbols	E	S	P
Alliance Holdings GP	AHGP	50.79	48.74	53.47
Clayton Williams Energy Inc	CWEI	96.06	89.79	105.90
United Natural Foods Inc	UNFI	44.09	42.67	46.00
Peabody Energy Cp	BTU	66.00	61.99	70.60
Mentor Graphic Corp	MENT	14.41	13.91	15.48
Haynes International Inc	HAYN	50.96	48.58	55.60
Cincinnati Financial	CINF	32.21	31.48	33.00
Career Education Corp	CECO	21.31	20.48	24.90
American Financial Group	AFG	34.83	33.99	36.00
Ariba Inc	ARBA	32.59	30.63	35.00

Disclaimer

Please be informed that all the mentioned stocks / symbols are solely for the purpose of education only; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your dealer representative or remisier or financial adviser.