Position Card for 3/12/10

Ah yes, the week is finally over and now it's time to concentrate on the weekend projects.  This coming week is going to be a crazy one from a personal perspective - I will be trying to balance a ton of different things going on in my personal life, and sadly, Mother Market may need to take a back seat.  I foresee a solid day coming out of this upcoming Monday, with the TIC data coming out at 9:00am ET and Industrial Production coming out at 9:15am ET.

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Position Card for 3/10/10

This week has started off slightly rocky, as the markets are currently consolidating and many stocks are indecisive.  To me, we have the potential to go either way - if I had to pick a camp, however, it would be the bulls.  My boy @RaginCajun from iBC is thinking the way I currently am, seeing that his latest post is titled, "100+ Easy Points to Go."  The rest of this week should be extremely interesting, with the main Economic event I will be watching coming out tomorrow at 10:30am ET (EIA Petroleum Status Report).

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Position Card for 3/5/10

This past week was indeed a wild one, as I kick off the month of March +2.69%.  Basic Materials continued to run the market up 5.2% for the week, with the Industrial Goods sector taking second (+4.6%) and the Financial sector scooping up the Bronze (4.0%).  As I tweeted less than an hour ago, if Monday continues to push higher into the afternoon, I will most likely begin to take profits from my current positions to free up cash for a possible pullback.

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Position Card for 3/1/10

Welcome to March!  If you read this month's first TMO prior to the market open today, you should have been completely prepared for the action that occurred and you most definitely should have taken advantage of a couple of breakouts.  The market definitely looks as though it could go higher, and until I think otherwise, I will continue to catch bullish breakouts.

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Position Card for 2/26/10

Although I vowed not to do so yesterday, I decided to enter three positions going into March Monday.  The madness is soon to begin, but what side will find themselves going insane by the end of the new month?

I ended February +2.95%, even with the difficult week I just had.  So far I'm increasing my P/L month to month, as February's statistics were much better than my -0.95% loss in January.

The positions I'm taking with me into the weekend are as follows:

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Change Your Perspective

Tonight was one of the best nights that I've had in a while, especially after an extremely long day and a week that has felt as if it would never end.  I got a call from my buddie around 7:00pm saying that we needed to go out and do something (the fact that there is still snow everywhere is starting to put a damper on our active lifestyle, seeing that none of us like snow).

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Position Card for 2/22/10

I have decided that the "Position Card" blog posts will be posted on Monday's and Friday's in order to update you on the positions I take into the week and out of the week.  These posts will never go premium, seeing that I don't disclose any specific technical or fundamental information about the companies themselves.  Changes in these positions (adds, dumps, entries, exits, etc.) can be seen on my Twitter handle throughout the week:  @ZMoose12.  Enjoy!

 

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Position Card for 2/18/10

I got to work today because of a possible stomach flu that has invaded the House of Moose; Mother Moose had it about a week ago, Papa Moose on Sunday, and now I have it.  I didn't complain too much, seeing that I got to sit at my desk for most of the day instead of sitting in something boring, such as Physics.

The positions that I'm holding into tomorrow can be seen below:

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Position Card for 2/16/10

Because I won't have time to tweet this in the morning, I thought I'd post it on the blog roll here and tweet the link later in the morning.  Good luck during today's trading session everyone!!

MMR @ $15.97 entry - Limit Sell @ $18.50, Stop @ $15.20 ATPG @ $15.75 entry - Limit Sell @ $17.35, Stop @ $14.90 MNKD @ $9.74 entry - Limit Sell @ $10.65, Stop @ $9.25 MTW @ $11.66 entry - Limit Sell @ $12.70, Stop @ $11.05

 

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Patience

Because I have some spare time this evening due to the extremely inclement weather in Lancaster County, I thought that it would be fitting to type up a blog about something that I've learned and developed since my large losses at the end of 2009.  This particular "thing" is called patience, one of the most important things to learn as a rookie.

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