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Pick: GS - Goldman Sachs
I’m not gonna bore with some BS stock talking and blah blah TA analysis so I included some energizing music.
If you want to use my Personal Custom Formulas, they are not free! They work with 90% accuracy which is hard to beat. Like they say, 90% of day traders lose money, if you want to be among the 10% Contact me.
Technical analysis video of individual stock trading ideas for Thursday May 10, 2007 including; ADTRAN, Inc. (Public, NASDAQ:ADTN), Arris Group, Inc. (Public, NASDAQ:ARRS), Cypress Semiconductor Corporation (Public, NYSE:CY) and QUALCOMM, Inc. (Public, NASDAQ:QCOM) Trend analysis for daytraders and swingtraders of stocks and options. Trading stocks involves risk; this information should not be viewed as trading recommendations.
I HAVE NOT CHECKED TO SEE WHEN EARNINGS ARE DUE FOR ANY OF THESE STOCKS, BE SURE TO CHECK BEFORE CONSIDERING AN OVERNIGHT HOLD!
Day Trade the SP E-mini Futures for a living. Trade for a living based upon good risk/reward set ups and money management that is sensible. Visit my site for a 7 Day Free Trail to the Day Trading Room and for Uncle Mike’s Trade Assistant software add on for Tradestation www.teachtalktrade.com
Calls today 12-1 trading 3 contracts with the trade management $1425.00
Uncle Mike
AAPL net loss today: $50.00
I picked AAPL today and decided to trade all signals (except of course the first and last 30-60min).
AAPL had a choppy session, this trading session will show you what’s the worst that could happen using my formulas.
Any retail day trader hates choppy sessions, unless of course you are a Market Maker buying and selling every 0.10-0.30 using automated software.
Choppy sessions are very difficult to day trade and could cost you, but with my formulas I managed to reduce the risk and end up with a small loss.
Please also watch my USO trade.
SHORT at 90.75
COVER at 90.90 LOSS = $75
BUY at 90.90
SOLD at 90.85 LOSS = $25
SHORT AT 90.80
COVER AT 91.12 LOSS = $160
BUY AT 91.40
SELL AT 91 LOSS = $200
SHORT AT 91
COVER AT 91.35 LOSS = $175
BUY at 91.42
SELL AT 92.77 GAIN = $675
Gross made = $40
Total commissions = 7.50 x 12 = $90
Net loss in AAPL today= -$50
Tom Busby’s Day Trading Institute (www.dtitrader.com) analytical market software presented in conjuntion with educational overview of e-mini futures and the correlation with the cash stock market. Call us with questions at 1-800-745-7444 or e-mail us at dti@dtitrader.com. Free: Download the first chapter of Tom’s first book, “Winning the Day Trading Game” here: http://www.dtitrader.com/marketing/chapter1.php
GS rocks