Wednesday, May 6, 2009

Watch List

Past Picks
Long:
, GOLD/GOLD-W, ELN, DOW, SQM, WYE ,
, LLY, CCJ, CDE, TER, CIEN, GGB, CBS, WTW, AMLN, HEV
, CME(230-235 entry 229 stop, target 200ema) , AAPL(below 125), AMZN (below 75), BIDU
, MOS, DRYS, GNK,

Short:
, DE, VFC, NUE, TRA, PTEN, CMG, NSC ,
, UTHR, PEP, ADI,
, NSC , FCX, AKS , CLF, BOOM
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How to follow QJ's trading?
1) You should have two most powerful Quad-core Intel-processor desktops and THREE 30-inch, screens. monitor over 30 stocks/ETFs, and 6 main future symbols that QJ normally trade.
2) If you only have 50K acct, 2 contracts is about the right size. if you only have 25K or below, 1 contract is about the right size, unless you keep 10 wining day in a row, then you can increase to 2.
20 ES contracts is a full position for 500K account. each lot is 5 contracts count for 1/4 of full. As you can see, if I am not so sure, I only trade 1-2 lots. hedged position will depends on what and how much I need to hedge.
3) You should know this trick
I think I tell you the trick, during the day when I flip/flop ES around 50ema, you don't have to follow maybe it will be difficult for you to handle. But if (1) I wake up in the morning and immediatly sense something wrong and take action, or (2) I do something near close say I want something for tonight, you can follow those two.
because case (1) my brain is clean and should work well (2) after watch mkt for a day, the final conclusion that makes me take action normally is the safest one or have good reward/risk ratio.
4) The last thing is everyone can do. Read QJ's watchlist and comments seriously and take action without QJ holding your hands

note: QJ pick up many stocks based on optionsXpress option alerts. If you want to get alerts, you can call them and ask how to subscribe Xpound from optionsXpress Equity Team

I think I will mark strong (buy back dip) stocks in GREEN, and weak/short candidate on right panel, plus update SWING TRADE panel above every night. Just follow the trigger condition set in the chart. You should remember I am trading high risk Futures during the day that I need concentrate. I am not an stock/option trader. my 80% profit comes from future trades. I will review stocks/options at night.

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