Buying NUGT at 16.60 level

I am expecting NUGT to fall to 16.60 level which is support at present. I would be watching to get in at support level with an exit target of 26

Bought BLUE at 93.80

Bought some BLUE at 93.80 with a stop loss at 92.60. Expecting to sell at 108-110 level. Its a catalyst stock for 2015.

SPY heading to 191 level to daily support

SPY breaking down triangle pattern and heading to my blue line support area. I am short from 206 and now holding my Feb puts still  waiting to get out at 191.50 level. Watching to load some stocks like HUM and AAPL at my entry level at their daily support as I mentioned in my previous posts.

Swing Trading ideas

Here I have few stocks for swing long trade ideas. Now this doesn't mean that I am a stock God. My calls are based on my analysis. I set up stop loss to be safe and if you want to be safe then you should consider to set up stop loss. Take your own decision and do your homework. Please be noted the below analysis is not based on any fundamental analysis. You would have to do your own research on that. 

AAPL - Heading to daily support at 103.04 level. If breaks that support next support is 95 level in next few weeks.

AAPL buy at below 103.50 with stop loss at 102. First target 121.40 and 2nd target exit 127 level. If am stopped out I am happy to buy this at next support 95 -96 level. 

HUM:  I love trading this stock. I am waiting to buy at the dip again where I see the support at 130.42. Stop loss would be at 129 and if am stopped out I will buy at next support at 126.57 . Exit target would be 157 to 161

BG - I see the support at 86.30 to 86.60 level. If you are buying at support level suggested stop loss is below $ 1.00 of the support level. Exit target would be 98.50. If breaks the support I expect this stock to head towards its next support at 77-78 level. 

GS - GS is heading to 181.08 level and stop loss is 178. Exit target 205 level.  

Jan 6th Stock Market Analysis

From 30th Dec SPY is in correction mode after breaking the support at 208.50. If you look at hourly chart my first support at 200 and if breaks below I expect it to go to my daily support target at 191.70 to 192.20 depending on when its going to meet the support line which is  blue line. 

Here is my hourly chart for the reference 

SPY is a buy at 200.00 with stop loss 199 level. I prefer to set up tight stop loss here as if breaks down it could fall down 8 to 9 points down and will be a good opportunity to get in again.

If you look at daily chart, you may get the my long term view in case of swing trade. It would be good opportunity to buy at 192 level if at all falls to that point. 

Student trader: Opprtunist and Risk Manager

When I was 9 years old, I heard my dad speaking at home how someone he knew had lost almost all his wealth in stock market in India in 1992 - 93. As I grew up many such stories had danged my ears and made me to conclude “ Stock trading was nothing but gambling. One can never make money trading stocks”.   

While I started my first job even though one of my colleague spoke about him making and loosing money in the stock market, I could only think of calling him “ looser”. I could think of no success.  

Honestly, I had no idea about how stock market works until I moved to US. All I knew was selling, buying and traders or investors loosing money. One day while my closed one was suggesting about learning to trade stocks my answer was “ Trading stocks is falling in ditch with wide eyes open”.  

 But my pal’s opinion was against mine. His suggestion was why not I give a try to learn it before I conclude on what is not true.

I thought of giving a try after his suggestion. Since then I started spending almost 9 hours a day learning to understand how stock market works, why people loose money or make money even though I couldn’t believe one could make money in real. Spent few  months in dummy trading , day trading and swing trading and over the time I realized even after reading several books on various methods that one can’t make money unless he or she has his own strategy or method developed. I also remember reading everyone has different way of trading. So then I spent time in understanding what strategy could work before I decided to live trade. After spending reasonable time I decided to trade  live and lost small amount which was enough for me to think I could no longer trade. So I took break again, dummy traded for some time as my interest grew to figure out how to do this and came back to live trading again. This break helped me to understand why I lost.  

I should say my pal was a greatest inspiration for me where he kept encouraging. I am thankful for the belief he had in me. I realized its not just the strategy I had to develop, to be a successful trader but also to be disciplined to follow it. Being disciplined in trading was very tough task. 

Well, over the time I was hired for a prop trading firm and now I am a professional day trader, trading stocks for the firm. I enjoy trading and I am passionate about it. People tell me, “ Don’t think you can make money always. Because its easy to make money as stock market is going up but you cant make once it crashes”.

 I don’t care what one says as I am a believer of moving in the direction of stock market moves.  I am not a stock market geek or stock genius. But I believe in trading with chart movements. If market is long I am long, if market is short, I am short. Either way, market moves I am with it. Every morning when I wake up, I decide to be flexible for trading and accept the fact that I should be out when I am on the wrong side. Many of my trades go against me and I like to be stopped out before I loose a chunk. So I consider stop loss as my best friend. My dream is to be a good trader on daily basis and learn more and more on daily basis.

This is for the people who think one can't make money in stock market. Here are my few free suggestions.

• Just because you lose doesn't mean that somebody else can’t make money in the stock market. 
• If somebody makes money in the stock market, they make it because they are flexible, disciplined and more over they believe in themselves. 
• They are ready to accept that they are wrong when their trade goes against them and they stop out before losing more. 
• Every trade is traded with stop losses. 
• We are all human beings and our emotions play in every way. But a good trader trades as a game with right strategy without letting his emotions fail him.
• So now you know why 90% loose and 10% gains in the crowd.