Not a very spectacular day for the ten ideas I guess! List is up collectively 2.85%. Let us see what happens over the a longer time frame. Key is to cut losses shorts on those position which do not work and also protect your 20% profit when you get it.
The trading Gods were smiling on some people today. Even though the picks are for long term play, some people seem to have played them well as day trades (going by the donations so far). Thanks a ton for those who donated today.
BIOV,Bioveris Corp +8.99%
CMOS,Credence Systems Corp +7.46%
GENT,Gentium SpA -2.44%
MHGC,Morgans Hotel Group Co +5.43
NRPH,New River Pharmaceuticals Inc +12.50%
NVEC,Nve Corp -2.58%
RIGL,Rigel Pharmaceuticals Inc -1.76%
TAM,TAM S.A. ADR +1.05%
TZOO,Travelzoo Inc +2.28%
VIR,Virco Manufacturing Cp -2.45%
Cumulative points up on positive positions. +8.77
Cumulative points down on negative positions. -1.97
7 comments:
nice - as long as you played them in the right direction...
nice - as long as you played them in the right direction...
With these kind of methodologies, you have to buy them as basket. Cherry picking few does not work. That also proves the point that even given a method or specific stocks few can trade them successfully and profit from them, as they second guess or have uncanny ability to pick only the ones which do not work.
agree - but doesnt that idea in the extreme just point to buying funds?
or rather you should start the Pradeep Acceleration Fund - formalize your approach and sell it...
I am thinking of opening a fund on the Marketocracy site. Only problem is that they make money selling access to your picks and on top of that you have to pay to them to maintain your fund.
More statistical analysis, more upside for QQQQ very short term. You know what I'll be doing tommorrow morning--BUYING THE DIPS.
NASDAQ stocks, QQQQ, QQQQ options, NQ.
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