New Positions, and a live trade
I made a few purchases this morning right when that market opened. The Market lately has been on a tear, showing accumulation days three out of the last four days, and is on pace to perhaps yet another one today. I decided to buy big names in some great performing sectors: Bldg-heavy Construction and Elec-Semiconductor Mfg. I picked a 1,000 shares of NVDA, MRVL, and SIRF, then picked up 2,500 AMD early on. These aren’t anything as big as my bet against BOT (which by the way has run up to over $120 a share in two days since I covered the rest of my shorts at $95.85), but still are worth noting.
I also made a speculative buy in my live APEX account, buying a few thousand shares of GV, which is also in the heavy construction industry group. I haven’t done much live trading as of late, and this small penny stock is very volatile which is very much to my liking. The bet really comes as earnings are going to be posted next week I believe. My limit order got filled at $.87, and the stock has potential to double that price in only a few trading days. Some of you might remember me speaking of a company called TGC, which I tried to get into around $.22 a share but failed over the summer. Anyway, the stock ran up to over $.90 a share last month, and it just added to my excitement for these kinds of plays.
Trading with real money is a different ball game from trading in the simulators, but there are some similarities. The biggest difference between the two is getting into the stock. as most of the time (depending on what you buy) you can’t just get in or out at the price listed. Market makers and specialists are hard to deal with sometimes, and especially with stocks that only trade a few hundred thousand shares a day, you are in for some fun. The biggest similarity is in placing specialty orders. Just like in the simulator when you place limit orders, stop limits, etc., you do so in a live account. It really is strikingly similar, and once you get the hang of it in your simulator, you will have no problems figuring it out in a live account.
Well, that is all I have for today. I am interested to see where the market closes today, and I am looking forward to watching my new positions. The market is showing its true colors, a truly unpredictable place where the bulls and bears duke it out for a place in the gains column.
Closing Quote – “Learners inherit the earth, while the learned, find themselves beautifully equipped, to deal with a world, that no longer exists.” – N/A
I also made a speculative buy in my live APEX account, buying a few thousand shares of GV, which is also in the heavy construction industry group. I haven’t done much live trading as of late, and this small penny stock is very volatile which is very much to my liking. The bet really comes as earnings are going to be posted next week I believe. My limit order got filled at $.87, and the stock has potential to double that price in only a few trading days. Some of you might remember me speaking of a company called TGC, which I tried to get into around $.22 a share but failed over the summer. Anyway, the stock ran up to over $.90 a share last month, and it just added to my excitement for these kinds of plays.
Trading with real money is a different ball game from trading in the simulators, but there are some similarities. The biggest difference between the two is getting into the stock. as most of the time (depending on what you buy) you can’t just get in or out at the price listed. Market makers and specialists are hard to deal with sometimes, and especially with stocks that only trade a few hundred thousand shares a day, you are in for some fun. The biggest similarity is in placing specialty orders. Just like in the simulator when you place limit orders, stop limits, etc., you do so in a live account. It really is strikingly similar, and once you get the hang of it in your simulator, you will have no problems figuring it out in a live account.
Well, that is all I have for today. I am interested to see where the market closes today, and I am looking forward to watching my new positions. The market is showing its true colors, a truly unpredictable place where the bulls and bears duke it out for a place in the gains column.
Closing Quote – “Learners inherit the earth, while the learned, find themselves beautifully equipped, to deal with a world, that no longer exists.” – N/A
posted by Blain Reinkensmeyer at
3:14 PM
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