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At The Wild Investor, I cover a lot of stocks and a lot of charts. If you are not tracking your trades, then you are doing yourself a huge disservice. Not only can a list of previous trades actually show you how good (or bad) your performance is, but it also helps you improve your trading skills.
It is also a great way to show yourself that your trading strategy actually WORKS.
Below are some of the stocks I have covered on this website over the last 2 months. Besides just seeing how well they performed, make sure to note what kind of setup each stock had.
Pay attention to price targets, patterns, and where certain indicators have lined up. The idea is to be able to replicate these same technical analysis skills into more profitable trades.
Also see: 16 Stock Trades YOU Should Have Done.
PetSmart (PETM) – My Dog Turns 13 – Another Look At PetSmart
This stock was in a rising wedge pattern and finally broke out to the strong side (above resistance), which should have triggered the buy point.
Bank of America (BAC) – Part of my 4 stocks to buy in 2010.
I’ve been following and calling this stock for the past 1 year now. While naysayer keep saying this stock isn’t going anywhere, Bank of America has hit rock bottom around 5 and now sits nicely at $18. The specific pattern below, show a break out of a wedge.
China Automotive Systems (CAAS) – Stock Chart Monday CAAS, BAC, CAT, SLB
This chart doesn’t show a textbook pattern or setup, but the movement looks natural. The price movement has dictated what I like to call trading zones. Stocks can continue to trade within these zones, with buy (green arrow) and sell (red arrows) signals being created.
Sandisk (SNDK) – 3 Stock Charts SNDK, CMI, VMW
Unlike most of the charts in this list, the pattern for this particular stock had already met its price target. When this happens, I always like to wait for a pullback, which is exactly what happened. The stock bounced off the support of the new trading zone.
Mastercard (MA) – 5 Stock Charts And A Market MA, SNDK, VMW, CAAS, CAT
The initial call here was to see the gap down be filled back up. A fairly simple call given the point of resistance and volume on cross.
Caterpillar (CAT) – 5 Stock Charts And A Market MA, SNDK, VMW, CAAS, CAT
To be honest, I have recommended Caterpillar on here so many times, that somebody could have a nice portfolio just off trading this stock. For this particular chart, I wasn’t looking for more than a crossing of the resistance at $60. Once it crossed it, the stock flew higher.
AK Steel (AKS) – Stock Charts Of EBAY, LVS, AKS, NFLX, CAT
Another favorite on this website, for this particular instance of AK Steel, I was looking for a simple bounce higher off the trend line. As long as the stock stayed above this support, the stock was (and still is) in play.
JA Solar (JASO) – Stock Chart Look At CLWR, JASO, BAC
The 200-day moving average is one of the most reliable moving averages. Generally if a stock crosses above or below this line it signifies a trend reversal. For the past couple of months, the 200-day moving average has consistently acted as support, so I was looking for another bounce here.
Constellation Energy Group (CEG) – Stock Chart Monday AEP, CEG, ENI
This stock was on the verge of breaking out of a downward trending channel. A simple price target was met, and the stock moved in the typical ”3 up day” fashion.
Be sure to check out more history of my stock picks to see how well I’m doing and how I’m doing it.