Trying something new

“You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it.”
― Maya Angelou

 It is pretty clear that the first two videos get the most hits each week and the last ones have a few die hard video aficionados,(thanks to those of you that have struggled through them all you> must like being tortured!!)   Clearly, I lose the majority of peoples interest after the first two.I am going to reduce them to my favorite stocks for the week and do my very best to limit it to 1 or 2 videos max.This should be better for all since I think some of my favorite setups are being missed and it forces me to really evaluate which ones I throw out there for the whole world to see. 

 I will still have more that I am watching and if you want a full list of my stocks on watch just drop me a twit or an email @ Alphawolfvegas66@gmail.com. 

Recap from last weeks watch list> $GIG was the big winner which was up 29% for the shortened week unfortunately I did not play it because I had a difficult time finding an entry that I liked. The loser was $ECTY which was down 17..49 %.

Last week was challenging and I think we may see more of the same next week after the action we experienced in the overall market on Friday. I have reduced my swing sizes and positions, booking gains, cutting dogs and raising cash. I am very selective with the trades I take when the market is choppy like this. Friday I only took  a few trades and the one trade that I took aggressively was $FNMA. I did not post my buys or sells primarily because it it a very spec stock  that many people were burned on this week because of its volatility. I took it first thing in the morning when it bounced off of its low and entered @ 1.50 scaling out @ 1.90 2.09 and the last batch @ 2.19. I knew it was going to be a very quick trade and I didn't want anyone to follow in case it went bad. I was willing to take he risk and fortunately for me it paid off big. The other trade I took was $UVXY near the end of the day when I saw the market testing the 20 day it also was a very quick trade that I exited with a 20 cent gain right @ the close. 
I will be keeping a close eye on $UVXY next week for potential day trades if the market weakness continues.
This weeks link http://screencast.com/t/pEMzeKClu

Good luck trading next week!!!!

“Things don't go wrong and break your heart so you can become bitter and give up. They happen to break you down and build you up so you can be all that you were intended to be.”
― Charles Jones, Life is Tremendous

“Courage doesn't always roar. Sometimes courage is the little voice at the end of the day that says I'll try again tomorrow.”
― Mary Anne Radmacher