And it begins...

Hello all,

This is my first blog, first time putting my stock market trades out there, first time attempting to help others; it's my first time period. The goal of this blog is purely selfish. I want to publically track my stock market trades and improve my objectivity by having my trades visible to the world. I am fairly new at this game, both blogging and trading, but I think both will improve with time. Maybe you'll stick around...

As for my methodology. I have a Roth IRA account with FolioFn. FolioFn (www.foliofn.com) is a unique brokerage in which they provide stocks that are tradable in 'windows' in which they first match my order with others in the brokerage and then go to the market if there is not a match. As a result, they lower commissions and provide tighter spreads, in theory. The best part, I get 200 trades a month for $19.95. Also, I get to trade partial shares. For anyone like me with low balances, this the ideal brokerage. The downside I've found is the market order prices can deviate from what I expect to get. No big deal and the money I save in commissions makes the slippage acceptable.
Okay, setting up trades. I use charts to find trades. I buy stocks that met three primary criteria, 1) a doji, bullish engulfing, or morning star candlesticks (these are most predictive of a reversal, in my opinion), 2) slow stochastic with 5,5 lookback that crosses below 25, 3) a CCI that is below -100 and ticking upward. In addition to these criteria, I prefer the stock's industry and the overall market to be higher on the session. I also like daily volumes >300k. Finally, I place stop loss and target prices based on support and resistance zones define by price-by-volume bars. I desire a 3:1 upside:downside ratio based on the identified zones.

I know it seems like a lot, but it is easy to make a chart with all the necessary information. I'll be posting the charts with my annotations along with stop losses and targets as I go.

I think I've bored you already, but if you stick around, you may make some money with me.

Thanks for reading,

Masterjaz out