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Day Trader Radio

Announcement Archive
July 2009

  • Recap of Todays Buys and Sells and New Buy Triggers

    daytraderockstar post

    posted by daytraderockstar

    Jul 29, 2009 11:55 pm

    I want to bring you up to speed on some of the new stocks that were picked these last couple days, With additional buy triggers and targets. All the notes will be on charts I will start off with just a pattern review and a look back at the first focus trade. The Focus Trade has just started on the site here i want to have a stock in a pattern and to daily review the action and what is happening as it approaches and hits the trigger,

     

     

    Read More …

  • 10 for 1000 Watch list video Posted

    daytraderockstar post

    posted by daytraderockstar

    Jul 27, 2009 12:18 am

    Feel this weeks research and sector call will be right on, If fact There are 2 videos getting posted tonight, the first one is up now and the second getting uploaded as i type this. Also the return of the Kick Ass Trade of the Week. The truth is a traders work is never done, research that's done is like being prepared for the final exam. But each day there is a final exam. Looking for a A+ this week. Enjoy the Videos..

    http://daytradingradio.com/10for1000

  • Watch List For Tomorrow July 23rd and educational review

    daytraderockstar post

    posted by daytraderockstar

    Jul 22, 2009 11:25 pm

    There have been many great set up over the last 2 weeks, Tonight I want to review a few of them and prepare us for tomorrow with some charts to focus on..First I will be looking for one final push in BLK. others on the list are the charts that listed with the annotations attached below

    Read More …

  • Video Of The Day

    daytraderockstar post

    posted by daytraderockstar

    Jul 21, 2009 9:53 am

    Read More …

  • 10 for 1000 Video Watch List Uploaded to site

    daytraderockstar post

    posted by daytraderockstar

    Jul 19, 2009 11:35 pm

    Tonight seemed longer then usual to get the research done, But the set ups this week look great. I went with a Video Watch list again this week because of the positive feedback last week. Just need to stay focused this week..

    Let the Trade come to you.

    Watch and wait and buy off trend line support

    Don't be greedy and take profits into resistance.

    Develope a core watch list of stocks and learn how they move.

    Don't over trade and chase the market

    Continue to learn and understand the market is always right.

    Video Watch List

    Read More …

  • This week in Review and Looking Forward

    daytraderockstar post

    posted by daytraderockstar

    Jul 16, 2009 10:40 pm

    The widely talked about Head and Shoulders Pattern that had developed over the last the 3 months looks like it has failed its breakdown. This is a very rare occurrence and most likely will result in a further push up. But a closer look at the chart and lets watch how the results of Googles earnings play on the market tomorrow. If we do pull back tomorrow then we will have a new channel starting to develop. This is a just a possible scenario and both are bullish set ups. 957 on the S&P would be a clear breakout and a higher high. The markets are always poised to take the most people out of there positions. Continue to take profits into strength. This weeks watch list will focus on the many falling wedges that have been forming in the market.

     

    Just a note the 10 for 1000 Watch list was dead on this week, Each week I tighten up the pattern search and been really focused on better targets. I am looking forward to getting the research started for this next week

  • INTC Covered Calls How to Hedge your Longs into Earnings by DELTA STRIKE JJ

    daytraderockstar post

    posted by daytraderockstar

    Jul 14, 2009 2:30 pm

    INTC Covered Calls

    Intel (INTC) is reporting earnings after the bell today and I thought it would be a great example of how to use options into earnings to hedge an already established stock position. Assuming you are already long INTC stock and are in a profit but do not want to sell just yet because you see more upside but want to hedge your bets into "the number" you can sell some covered calls.

    INTC has been trading in a fairly tight range between 15-17 the last several months and with the stock trading 16.68 currently you could sell 1 July 17 call for every 100 shares you own. Right now you can sell them for 25 cents each.

     

    So if you own 1000 shares of INTC, sell 10 of these calls and collect $250 for an option that expires in 3 days. If the stock stays under 17 by Friday you keep the 25 cents and you can then go ahead and sell the August 17 or 18 call to collect more premium for the next month, sort of like being the landlord and collecting "rent" each month for a stock position you were going to hold anyway.
    If the stock blows thru 17 by Friday you get called away from your stock and are obligated to sell your shares at 17 AND keep your credit of 25 cents you collected when you sold the calls short. Not a bad deal if you ask me.

     

    The implied volatility in July options for INTC is up around 70% while August IV is much lower at 40%. This tells you the front month options are juiced up with plenty of premium to sell.


    This is a great way to hedge your long position going into any catalyst, or to just increase your returns by using options

  • Some great falling wedge patterns

    daytraderockstar post

    posted by daytraderockstar

    Jul 13, 2009 4:38 pm

     

     

     

    Here we have some great set ups there are many nice falling wedge patterns setting up in the market, The falling wedge pattern is one of the more bullish patterns

    The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.

    The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.

     

  • Stochastic Divergences how to trade them

    daytraderockstar post

    posted by daytraderockstar

    Jul 13, 2009 2:45 pm

  • Delta Strike JJ GS Options Play for Earnings Call Tomorrow

    daytraderockstar post

    posted by daytraderockstar

    Jul 13, 2009 11:39 am

    GS 1-3-2 Put Butterfly

    Goldman Sachs (GS) is reporting earnings on Tuesday before the bell and it is widely expected to be a blowout report with huge profits. GS is without a doubt the best of breed in the financial sector and I never really like to bet against the best. However, in this case with everyone bullish I am looking to take a contrarian view into earnings.

    GS implied volatility is up around 50% which is low compared to the past year but is an uptick from the last few weeks. GS has moved more than 11% on each of the last 3 earnings reports but the option marts are pricing in a smaller move this time around simply because the panic is gone.

    I want to play the downside in GS with options but I don't want to just go out and buy puts straight up. I'm cheap so I want to finance any option purchase with an option sale. The put strike with the heaviest open interest is the 135 put so expiration could act as a magnet down to that area.

    I am buying a 1-3-2 downside put butterfly using the 140/125/120 July put strikes.

    Buy 1 GS 140 put
    Sell 3 GS 125 puts
    Buy 2 GS 120 puts

    Net debit = 1.50 per butterfly

    Confused? Don't be. This option trade as shown in the risk graph above gives you a fantastic risk/reward if GS were to trade lower into expiration day.

    Max risk is the initial 1.50 you pay. This trade will lose that amount if by Friday GS is above 140. Breakeven at expiration in four days is 138.50. So GS needs to be below that mark for this trade to start making money.

    Best case scenario is if GS trades 125 on Friday and this trade will be worth 13 bucks. Or roughly a 750% gain in a few days. Not too shabby eh? Infact this trade makes money anywhere below 138.50.

    Of course the probability of GS being at 125 is slim, but if you think, like I do, that at least a 130 handle is possible by Friday then this is a great way to get into a cheap downside option play.

    Reactions: 

  • 10 for 1000 Watch list uploaded for Week of July 12th

    daytraderockstar post

    posted by daytraderockstar

    Jul 12, 2009 9:30 pm

    This weeks watch list is in video format, It is the first time i used the video format on the new site design and would like to get some feedback on the size and style and if members like it. I would like to add more education videos to the site, in the near future and expect to see some majore changes to the site this week with new contect and guest posters.

     

     

     

  • DELTA STRIKE JJ Options Set up

    daytraderockstar post

    posted by daytraderockstar

    Jul 10, 2009 3:53 pm

    JNJ Long Calls

    Johnson and Johnson (JNJ) has been grinding up the last several months and during the recent market pullback has not shown much weakness. In fact, it's in a tight consolidation near 6 month highs and I think it has a nice shot of breaking out of this tight range and head higher. The 20 and 50 day moving avg's are close to crossing over the 200 day.

    The one wildcard is earnings being released next Tuesday morning. JNJ is not a big mover and actually has pretty low implied volatility in the 20s. It usually does not move much off earnings and so the options market does not price in a move. This means you can get a relatively good deal buying options straight up.
    You could either get in long here or wait for the breakout above 57.25.

    Buy the August 55 calls for $2.60 or better. I would be cutting losses on this trade if JNJ got below 55 as this is a very strong support level. My target on this trade is the 59-60 level.

    I like this trade as a defensive long position in an overall market that is fading lower.

    Reactions: 

  • Recap for Today SLV, FSLR, YGE

    daytraderockstar post

    posted by daytraderockstar

    Jul 07, 2009 12:32 am

    Recap for Today SLV, FSLR, YGE



  • 10 for 1000 for Week of July 6th Posted

    daytraderockstar post

    posted by daytraderockstar

    Jul 05, 2009 11:01 pm

    Read More …

  • Anatomy of Greed The "LEA" Trade

    daytraderockstar post

    posted by daytraderockstar

    Jul 05, 2009 4:54 pm

    I want to clear the air on the LEA trade, and move forward. I have learned a lot about my site and it's growth over the last 3 months The positives and negatives of trading live and having others hear and see the process of a full time trader. What I strive to do each day is show you that trading can be a career/ job that is beyond satisfying way of life. But this path requires the utmost discipline and patience to be successful.  The greatest thing I learned in my life as a day trader is conquer the greed inside you and you will become successful. Greed keeps us in trades when we have a profit, only to have fear come into play when they trade goes against you. 
     
    Getting back to the LEA trade it started on MAY 1st when i started a postion in AXL another automotive parts supplier that I was very familiar with as a trade
     

    AXL Swing Trade Alert

    Friday, May 1, 2009 10:45 AM
    From:
    To:
    ironaction@yahoo.com

    Started position  today 2k @ 1.09
     

     
    This turned out to be a be a perfect entry and within 3  days it shot up over 150%, This trade was based on a higher low being put in at a very strong and recent support line, It had all the making of a perfect set up.
     
    At this point LEA came to my attention as another parts maker that had a similar set up, AXL and LEA both pullback to their respective 20 ema's and i added to AXl and Started a position in LEA
     
    Sent: Monday, May 18, 2009 11:19 AM
    To:
    Subject: Starting Position in LEA

     

    Buying LEA for the first time and taking a decent position, looking to hold this for a while and picked some up in the IRA all the details are on the chart on the 10 for 1000 watch list

    Now I think back I have to have more be more concerned with traders that are just looking to shadow trade (Shadow trade is when someone follows another into a  trade without no research on their part) This is might be profitable for some people but does not develop the self confidence that and the mental skill set need to trade on your own, also each person has there own risk tolerance and time frame for a trade, as stated this would be a long term trade and it was placed in an IRA account.
     
    I was also trading AXL along with LEA. Understanding the risk and actually listening to the earnings and analyst conference call, It appeared that LEA would weather the storm and as in the case with many recent stocks that have been hammered and the BK rumors were thrown at, It seemed like another great trade coming up recent bounce trades (F, CROX, RACK, JBLU, AXL)  I was willing to take the ride and see where this played out. Rumors of bankruptcy were swirling around and  I fell back into an old traders bad habit,"Hoping" I ended up adding to LEA.
     
    What happens now...Holding AXL and LEA up on AXL down on LEA, but the lesson is: There will be times, When the riskier play make you look like a rockstar, and then times when there make you look bad. This was a gamble from the beginning, as a trader you will have those temptations, Experience and disapine will eventually guide you away from these, but the lure is aways there.
     
    The future:
     
    A company's securities may continue to trade even after the company has filed for bankruptcy under Chapter 11. In most instances, companies that file under Chapter 11 of the Bankruptcy Code are generally unable to meet the listing standards to continue to trade on Nasdaq or the New York Stock Exchange. However, even when a company is delisted from one of these major stock exchanges, their shares may continue to trade on either the OTCBB or the Pink Sheets.
     
    Is there a chance that the share value will go back up?  I don't know
     
    What am i going to do with my LEA shares?
     
    I could hope there is some upside hold on to dead money, or I what I probably will do is take the loss and move on, Being proactive an having a clear trading mind is worth it. I talk about this concept a lot on the show. IF you have 5000 shares of a stock trading at 10.00 your value is 50000, but if stock xyz drops 2.00 to 8.00 then that value is 40000 not taking a loss just because you "don't want to take a loss" is irrational and does no good. If you took that same 40000 and put in back into something that was trading in the direction you want then you are not taking a loss you are taking that value and exchanging it into something that is making a profit instead of just sitting there and hoping.
     
    One thing to gain out of all this, is don't be greedy. For each trade have a game plan, have a map on where you want to get out, be realistic in your goals and force yourself to take money off the table even when things look great. This is the only way to consistently profit in the markets. Having the patience will get you in the trades having the discipline will get you out with a profit. The rest is just research and enjoying life.
     
    and one last note: I want to move on from this as discussion in the chat room. Greed killed this trade for me it happens to the best of us. The trade actually was a good trade if you took profits
     
    May 18th Started position in LEA 1.44
    June 10th  LEA high was 2.45 closed @ 2.06
    June 1tth LEA Opened @ 2.15 Closed @ 2.33
     
    This is  a 70% gain
     

    Greed Kills

  • VMC: Focus Trade

    daytraderockstar post

    posted by daytraderockstar

    Jul 03, 2009 6:02 pm

    You will start to see a new segment on the site called Focus Trade, This will be trades that are setting up and will be future trade alerts. The Focus Trade will be a stock added to a focus list each day during the market hours because the set up is one that will show a great return.

    Focus Trades will Have:

    • Profit Projections and education describing how they are determined
    • Will be set up in a pattern that has a greater probability of breaking out in the direction of the trade
    1. Priority Alerts sent out to members as the triggers are approached.

     

    VMC is a great example this week of a set up, there are a few others that I will post this weekend one being WMI which hasn't set up yet.

     

     

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