Posted by Jim Makos on February 19, 2012 ·
7 stocks I’m long since December have increased my trading capital by 18%! These stocks include the biggest winner, PerkinElmer (PKI), and also Kellogg Company (K) that recently bought Pringles from Procter & Gamble. The total cost of purchasing those stocks 2 months ago was $22K. Nowadays the market value of my stock portfolio exceeds $26K. Stop loss and profit target orders have been set right [...]
Posted by Jim Makos on September 16, 2011 ·
Commission has great impact in your day trading system’s profitability and efficiency. Commission might be the only reason you are not a profitable day trader, simply because it is charged in every little trade you make intraday. Commission greatly affects your trading system’s win/loss ratio and the effect is magnified, if you are tightening your stop loss and profit target orders. The less ticks [...]
Posted by Jim Makos on July 26, 2011 ·
Does technical analysis work in day trading? Buying at the support level of a trending channel and selling at the resistance one sounds like a plan and Six Flags Entertainment Corporation (NYSE:SIX) stock provided that exact trading pattern in the 2-minute and 5-minute charts during yesterday’s intraday trading. Although I expected the support level at $36.50 to hold, stock buyers managed to shoot [...]
Posted by Jim Makos on July 1, 2011 ·
I completed my trade on EMR stock with 3-1 reward-risk ratio yesterday winning $1.3K. I bought 300 shares of Emerson Electric Company on 7th of June at $51.60 and was delighted to see the stock price climb to $56 in 3 weeks’ time. I sold the shares at $56.13 based on the 5-min chart as I’m not expecting a price advance above the resistance level at $56. EMR stock has been trending upwards favoring [...]
Posted by Jim Makos on January 6, 2011 ·
HTO stock (OTE) of Athens Stock Exchange gained 6% in 3 days while the Greek stock market broke below the lowest low since 1997! HTO was a stock pick on Monday when I explained the reasons why I expected an uptrend resume. If you happen to have followed the stock pick, you might now wonder what the best trading system to exit the trade would be. Since I myself have bought 3,000 HTO shares, I am [...]
Posted by Jim Makos on December 21, 2010 ·
A stock trader is considered a day trader if he completes 3 or more trades within a week. Usually though trading intraday is what a day trader mainly does, without holding any stocks overnight and going to bed with no open trades. As I finished day trading yesterday and with 30 minutes remaining until the US session close, I scanned the stocks with the larger price range for the day to possibly find [...]
Posted by Jim Makos on November 18, 2010 ·
The Greek Stock Market is often suitable for swing trading systems that focus on profiting during a week. The liquidity of the Athens Stock Exchange isn’t big enough for day trading and that is why I bought HTO shares yesterday at 6.19 in order to trade out a couple of days later. It turns out I have picked a stock that is up 6% today and closing the resistance level found at the daily stock graph. [...]
Posted by Jim Makos on October 26, 2010 ·
Some investors and trades believe that you should never hold on to a losing stock, and equally that you should hold on to winning stocks for as long as possible. This is just one tip among the many myths or half-myths about stock trading, but let’s see some of the most common ones and why they are wrong or half wrong: Never let a profit turn into a loss! This is almost completely nonsense, there [...]
Posted by Jim Makos on October 22, 2010 ·
The Greek Composite Index is up 1% today but my 11 stocks are performing far better. Excluding VOVOS stock they were all recently bought and my Greek stock portfolio is even stronger today that a couple of them are 4% or more up. The trading system I’ve been following when trading the Greek Stock Market isn’t anything special, just basic technical indicators and common sense. I’m not relying [...]
Posted by Jim Makos on October 20, 2010 ·
Many investors are willing to put their money on the line, investing in various stocks without doing objective market analysis and looking out for possible traps. Even few simple stock investing tips can save you $1000s! Here are some simple, yet real stock investing tips:Never buy stocks during a market down trend, markets have a strong tendency to make major lows in March and October, [...]
Posted by Jim Makos on October 15, 2010 ·
Gone are the days that stocks were traded manually on the floor of a stock market through brokers. Gone are the days that the time-lag between placing an order and getting the stocks or selling the stocks. Cometh the age of internet and cometh stock trading system. The latest savvy trend in stock trading has everything to do with the internet and the use of software to handle the purchase, sale, and [...]
Posted by Jim Makos on October 12, 2010 ·
If you’re a trader, you surely wouldn’t have passed up a chance to try your hand at day trading. While some people have burnt their fingers, there are others made fortunes from this risky strategy. Experts shrug off this form of trading as a waste of time in a zero sum game; but there are others who claim that day trading is much more profitable than short term trading. Let’s see why. Day Trading [...]
Posted by Jim Makos on September 29, 2010 ·
One of the most common ways to invest in stocks is to do so with the intention of day trading. Plenty of traders pursue day trading strategies while online stock trading as it can provide more instantaneous rewards than long term trading, which can take a few months before any profits are potentially reaped. Online stock trading with a day trading strategy is a popular choice for many traders but before [...]
Posted by Jim Makos on July 9, 2010 ·
I’ve recently bought a couple of stocks in the Greek stock market and one of them fell suddenly far below my stop loss point. Although I should trade out, I did what seems like suicide for most traders following a trading system; I bought more shares! In fact, I doubled my position on that PPC stock, the national power company. Why did I do that? Not because I chased my losses but because I [...]
Posted by Jim Makos on July 8, 2010 ·
Scalping the US stock market and FOREX was what I did yesterday afternoon before the World Cup semi final. Scalping as a trading system requires a lot of concentration and speed. I scalped 7 stocks of the SP500 and made just one losing trade, but that was expected since a scalper should experience a high success rate, in order to withstand the cost of commission. I also traded EUR/USD in the FOREX [...]