Tuesday, September 30, 2008

September 30 - FWLT (C&H)


This C&H worked out nicely.

7 comments:

Tyler said...

Anarco,

Great trade! Same as Jamie's. I wish I would have seen it when you both did.

Tyler

anarco said...

Hey Tyler~
Yes, I was lucky to be there at the right time.
Cheers,

bl said...

Anarco,
Nice, saw it late. A WL pick or scan? Do you have a WL and how many? Care to share?
Thanks

anarco said...

Hey bl!
This is what I have in my WL these days:
AAPL, ABX, AMGN, AMZN, CELG, CLF, CNQ, DO, DRYS, DUG, FLS, FWLT, HK, LDK, OIH, PBR, POT, QQQQ, RIMM, RIO, SKF, SLB
Cheers,

OONR7 said...

anarco... just loaded up your WL and was really impressed with the action in those stocks and the fact that my 'style' fits well with the action of those stocks as well.
Can you tell me how you selected these stocks and how often you change them? I would be interested in knowing when you change it in the future as well.
Thanks.

anarco said...

Hey 00nr7~

I hope you can use my WL and makes you good money.

I started with a WL from Jamie back in February/March, and I add and remove stocks based on how I see they are performing. When a new stock makes it to the WL it is because I found it through the gap scan or because other traders mention them in their blogs. And I would remove a stock if I have it sitting there for weeks without actually finding any real trading opportunities. So if a stock is in my WL, it is likely that I have traded it over the last weeks or so.

Here is my criteria (although I have some stocks that do not meet all points):
1. High daily volume (above 1 mill)
2. Small spread in the bid/ask. (Although I have FLS there that trades with a wide spread)
3. Their charts, for the most part, are orderly (not a lot of wicks).
4. It has the potential to make nice moves
5. It moves in some type of synchronization with some index or ETF. For example, I watch OIH, and I like to see oil stocks in my WL move in some type of sync with OIH. It is never an exact match, but it is useful to me to see how one relates to the other.
That is all I can think right now.
I'll try to put a link on the blog where I keep my WL up to date.
Cheers,

OONR7 said...

thanks for the great info. It's a nice list and very short. I'm gonna monitor it for awhile.