May 1st, 2014 (Watchlist)

Hey everyone, hope everyone had a great day and here is my watchlist for tomorrow! Enjoy! Email me if you have any questions! 





$PBI (Long) - R/G $27.00 push. Make sure there is volume.

$TTS (Long) - Resistance at $14.00. R/G push. First price target $15.00.

$GTAT (Long) - Flag Pattern. Breakout price around $17.00. Wait for the volume confirmation.

$AVNR (Short) - Past there has been solid resistance at $5.00 level. Definetely looking for a huge pullback, maybe a gap down tomorrow.

April 30th, 2014 (Watchlist)

Hey guys, here is a quick watchlist for tomorrow. Remember to trade with a plan and to trust the charts. The left side of the chart tells you what is going to happen in the right side of the chart. Think about that for a while. Good luck! "Trade well and Profits will follow" - Nathan Michaud





$ICA (Long) - $7.50 push

$MGM (Long) - R/G $25.00 push

$ANR (Long) - $4.50 push

$NVAX (Long) - $4.50 push

$CPST (Short) - G/R $2.00 wash

Trading without a Plan

Hey guys, here is a quick trade recap. I just want to say that everyone needs to have a plan before entering ANY trade. I have made this mistake way too many times and really need to stop. This is what this blog is for, to remind myself what I am doing wrong or right and to help others stop making mistakes that I have made. I will be still doing watchlists every night but won't be trading much unless I have a full morning that I can focus on trading. I do not want to get pressured into making a quick buck. Thanks guys! Hope you guys enjoy!

April 29th, 2014 Watchlist

Hey everyone, here is a quick video of my watch list for tomorrow! I will also put the graphs down below this video! 
To get a better understanding of how I find stocks and how I trade during the day, check out this link below! Go buy the DVD! You'll thank me! 
Buy "InvestorsLive Textbook Trading DVD!"









$JCP (Long) - Will be looking for a weak open R/G move $9 push.

$NRF (Long) - Looking for a continuation, weak open R/G move toward $18

$AGEN (Long) - Looking for R/G move $3 push. Target $3.50 to $4.00

$LOCK (Short) - Looking to break support at $15 and washout.

Finviz Scans

Hey everyone! I would like to thank everyone for helping me hit 2000 views on my blog... I know that is not much but thanks anyways. Mainly thank Nate for re-tweeting my tweet, I got a lot of views from there! But here is a video explaining my scans and how I set it up and save it on FINVIZ. Hope you guys like it and please comment in the blog to tell me what you want to see next. Will be starting video recaps and video watchlists very soon! Thanks!

InvestorsLive DVD Review!

InvestorsLive Textbook Trading!

Hey everyone! Today I will be talking about probably the most important thing when you first start trading. That is your education! A lot of people go into trading blind and just wanting to make big bucks. All of those people end up losing tons of money and maybe even blowing their accounts up! That is why I recommend this DVD! A lot of people would say that spending over $100 bucks on a DVD is crazy, and I was one of those people! When I finally bought the DVD I was amazed at how much you can learn. Most of what I know now is from this DVD and I am so glad that I found Nate and his new DVD! Definitely worth every penny!


What to Expect

This DVD provides 8 solid hours of trading content! You do not have to know one thing about trading, and you will still know everything you need to know after finishing this DVD! There are total of 11 chapters.

• Chapter 1 - Purpose & History
• How Nathan got started and how he became successful.

• Chapter 2 - Setup & Terminology 
• This chapter helps you understand the basic terminology of the stock market and his chatroom.
• Also teaches you basic chart setups.

• Chapter 3 - Charting and TA (Technical Analysis)
• Charting and TA you need to know.

• Chapter 4 - ABCD & Long Trades
• This talks about how he finds his long trades and the ABCD patterns that works everytime!

• Chapter 5 - Red/Green & Long Trades
• This chapter talks more about long trades and another setup to look for called the Red/Green.

• Chapter 6 - Shorts and Over Extensions
• This chapter talks about how he finds shorts and how over extensions play out.

• Chapter 7 - Morning Emotion & Faders
• Talks about morning emotion and quick faders that help you avoid losing money in the mornings.

• Chapter 8 - OTC Trading
• After all that NASDAQ talk he even talks about OTC stocks and how you can find good promoters and how you can make profits on OTC.

• Chapter 9 - Brokers
• This chapter talks about all of the brokers that Nathan recommends and all of the deals he can get for you!
• Also shows you his trading platform and how he sets it up.

• Chapter 10 - Daily Routine & Goals
• This chapter talks about the daily routine he goes through and how you can benefit from being ready when market opens!

• Chapter 11 - Websites & Homework
• This chapter he talks about how you can scan for stocks for your watch list and what to do the night before to be ready for the next day.
• Interviews
• He also has 3 great interviews of successful traders that Nathan has taught! These guys are the real deal!

Bottom Line

This DVD is truly amazing! It is the number one DVD on testimonials and everyone has good things to say about Textbook Trading! Check out the reviews yourself! Investimonials "InvestorsLive Textbook Trading DVD" Review

If you still don't believe me, then why don't you go buy the DVD yourself and check it out! Now I am not saying this DVD will make you money, because that all depends on you! The amount of work YOU put into it will determine the amount of money YOU will make. You need to do your homework and be ready everyday to take on the market!

When you are ready to actually get serious about trading and really want to be in this market then click the link below to buy the DVD. It could change your life!

Buy "Investors Live Textbook Trading"

Why I want to be a Day Trader!

Hey guys! Today I'm going to talk about why I want to be a Day Trader! A lot of my friends ask me if I want to really do this my whole life and truth be told, Yes I do! Ever since I started researching about technical analysis and day trading in the beginning of this year, I have been hooked! I just love learning about chart patterns and how the market works in general. I am always eager for the next day to trade and even though I do not trade much because of school, I am counting down the days when school is out for summer break! I even registered for all afternoon classes my next semester so I can trade during the mornings! 

Reasons for Day Trading 

#1 - Awesome Trading Desk! 

I mean who doesn't want 8 monitor screens on their desk! Here are a couple examples! 

Here is a cool one I found online! 

This is one from one of my favorite traders, Cameron Fous! 

Here is another one of my favorite traders and a must follow on Twitter! Modern Rock!

#2 - Potential to Unlimited Profits!

I mean come on! You can make so much in the stock market, really depends on you! You can make 100k in a month and take the rest of year off if you wanted! Not that anyone would really do that... I don't think...

#3 - FREEDOM! 

• This one is the most important one! Freedom to do whatever, whenever you want! 
• Make your own schedule! 
• Work from home! 
• Be your own boss!

A day in a life of a Day Trader!

Here is a cool picture I got from BullsOnWallstreet's Blog! 

Bottom Line

Bottom line, I believe this to be the greatest career of all time. I know that 95% of traders fail but I didnt say it would be easy... Plus I believe most of those traders are there for a quick buck and put all their money in one stock with dreams to make millions in a day. That is not the way you want to enter the stock market, YOU WILL LOSE YOUR MONEY! Do some research

Charts Work!

Here is a trade I played today with simply support and resistance. This is one of the most basic charting techniques. First you find a support and a resistance, and buy at support sell at resistance. This can help if you are pushing a lot of size and works great with small scalp trades.

$FB - As you can see, the red box and arrows are resistance and the green box and arrows are support. First red box makes a solid resistance point. Then as you can see when it breaks that point the stock runs great! Then a pullback, you can assume this pull back as the new support line. As you can see the next time the support line is broken the stock drops big. Then you are back to your first line which was resistance at first but now acts as a support. You can see my entry is a little early. I had my stop at 58.07 because you always want to be careful with the false breaks, so I kept my resistance a couple cents under the support. Then good bounce from the support straight to the new resistance line! It really is that easy! I recommend these trades for quick bounce or scalp trades only. Unless you are using this strategy for swing plays and putting support and resistance on the daily chart.

I hope this made sense... It might be a little confusing but just read this article about support and resistance. Swing Trade Stocks "Support and Resistance". This article with make a lot more sense! Thanks!

Play of the day!

Crazy day today, a lot of good plays but the one stock that was insane was $VAPE! Opened at $2.59 and the high was $5.75! Crazy range! 

$VAPE - Like I said on my previous blog post, this pattern WORKS! And here is a prime example of it. You can see the volume dying down after the morning play but then the stock tops, this is where I put my resistance line. Then you can see the stock putting higher lows, grinding. Now you can anticipate the breakout and enter before the breakout point with a set risk/reward. Then last, volume kicks in and blast off! Huge win for people who got in this one! I wish I would have traded this morning, unfortunately had class and didn't get into the market till the end of the day. 

Technical Analysis WORKS! This is one of the patterns of many! The more technical analysis you know the more opportunities for you! Two great books for technical analysis that I downloaded on google are "Japanese Candlestick Charting Techniques, 2nd edition" and "Encyclopedia of Chart Patterns, 2nd edition" Search google for the books pdf file! Great books! 

Best Breakout Pattern!

Hey everyone! I haven't posted much lately, but here is a great pattern for breakout plays! I learned this from Nathan Michaud's InvestorsLive DVD! The dvd teaches you basically everything I know! The stock I will be posting today is not a stock I traded but these are the things you need to look for in the pattern! 

$GDP - This stock has been up in the past few weeks and has a decent amount of volume intraday!

Well this pattern is known as the Ascending Triangle but the dvd states it as the ABCD Pattern. What you are looking for is a side ways consolidation period. You can see that I put it as the resistance line because the stock hit that level a couple times. The next thing you are looking for is higher lows and the grinding action. You can anticipate the breakout now and have a set risk/reward trade. For the breakout confirmation, you can look at the volume and as you can see here. Nice breakout for a nice 54 cent per share score! Obviously not everyone would have held till the top, I know I wouldn't have. That is why it is crucial that you lock in your profits and let the rest of your stocks ride if you are confident. 

Here is the same stock later in the day. Again, same pattern same thing. Looking for the grinding action and then the higher lows. Once you got that you can anticipate the breakout with a set risk/reward. With that volume confirmation, nice score of 53 cents per share if you would have held till the top! 

Here is most of the day and what the stock looked like all day! Great stock to trade, but in this market you should be careful! Very tricky... I limit myself to the mornings only and that is why I do not trade much, because of school! 

A lot of people ask why does this work? The reason it works is because charts measure emotion. Everyone is watching these stocks and these patterns have proven over and over again that it works. When these patterns set up, everyone is watching it and buying at the same time. That results into a great breakout. This chart pattern is one of my favorites! I will try to post charts with info like these at least twice a week! Good luck everyone! Email me if you have any questions. I am still a new trader but learning as much as I can because I am inspired to become a full time day trader one of these days! 

Updated Trading Screen!

Hey everyone, I posted my trading screen pictures last week. But I have updated the setup to include level 2 quotes now. I don't really know how to read level 2 quotes but I am still learning. I also do not pay the level 2 platform fee for suretrader. Trying to keep the overhead cost as little as possible. I am using TD Ameritrades Thinkorswim platform for my level 2 quotes. 

Here is my first left screen. 24 inch screen. I have three trading montage and 3 level 2 quotes on this screen. I have an extra chart for daily chart. This is one of my two main trading screens. 

Here is my second right screen. 24 inch screen. Again I have 3 montages and 3 level two quotes on this screen. I also have my Investors Underground Chat. 

Here is my third screen. 15 inch screen. I use this screen to browse the internet and just to see my PnL for the day and my keep track of the overall market trend and the high and low list. Also do some intraday scans on this. 

My setup looks a little confusing but the only thing that matters is if you know what is going on. And I know exactly what is going on, on my screens! Hope you liked this, email me if you have any questions!

Friday April 10th, 2014

Hey everyone, I know I said I was talking a week off of trading but I watch watching some stocks today and saw a good one I thought I could make some money on. So here it is. 

$RAD - So as you can see this stock ran in the morning great trade for morning traders but I got into this trade during the EOD. Was anticipating the Green/Red move here with a good support at around $7.00. You can see the first short was too early and got stopped out. Second trade was nice you can see I got into that trade in $6.99 right when it broke $7. Finally some selling volume kicked in and broke that support and a nice short fade into the red. My initial target was $6.89 but it never got there, hit $6.90 and perked right back up. Covered before it went back green. Good trade because the stock ended up green on the day. Didn't make much because didn't have a lot of size but what matters is getting the trade right. Once you are getting the setups right and the trades are going to you favor, you can start trading with more size. I am still at the learning phase, trying to get the setups right and becoming profitable first. Once I get more capital in my account and trades go into my favor I will start putting more size into my trades. Two Green days in a row for me, hopefully I can keep this up!

My Trading Screen during the day!

Hey everyone! I do not have a chart today unfortunately, woke up late wasn't feeling too good. So just watched couple trades during the lull hours of the market... Boring. Today I will just post couple pictures of what my trading screen looks like during trading hours. 

First screen is of my main left screen. Basically watch this screen the most. This is my main platform made by Das Trader Pro. I have three charts as you can see on the picture below. I usually only trade 1 to 2 stocks at a time but I like to keep an eye on multiple stocks just in case.

Here is my second right screen. Second screen also has three charts plus my most important tool. The Investors Underground chat! I have learned so much from this chat and this chat has some serious and amazing traders in this chat. This chat is all about helping and trading. One thing I love about this chat is, no noise. Meaning that during trading hours, only talks about stocks and what is moving in the market. This is where I find most of my key plays. 

Hope you liked this and again, if anyone has questions for me I am always happy to answer them. Just email me at shyam.patel94@gmail.com

Lesson Learned 04/09/2014

Hey guys, so a lot of you guys know that I haven't been trading much because I usually get home during the lull hours of the market. I strongly advise the beginner trader NOT to trade in these hours. Usually these hours are from 11 EST to 1 EST. Not a lot of things going on during these hours. So today I got home late and decided to see if I can get any EOD (End of Day) action going. Sat around for a while looking for the right setup and looked on my finviz scan and was browsing through some stocks. I saw $DANG with the perfect ABCD Pattern going on. So I decided to put small size into it. The stock had a small breakout and I was up $15 unrealized gains. Really was looking for a green day and did not want another red day. So I sold it for a $15 dollar profit. Was I right to do so? No not at all... Here is the chart and you will see why. Green arrow is when I bought it and red arrow is when I sold it.

You can see the perfect grinding and entered right before the breakout. Beautiful entry if I may say so myself! But my exits are always horrible. The reason I tend to exit out of trades to quickly is because when I started I was putting WAY too much size into my trades. The first two weeks of trading I was putting 1k shares into every trade I went into just for a quick scalp! It turns out great if you get the trade right. But if you don't, you can end up giving up every dollar in your account. So I lost $1,500 those first two weeks. I knew I had a problem with size so I have really adjusted it accordingly. That is the reason I exit out of trades too quickly is the fear of the stock turning around and me end up losing money. That is why smaller size is crucial when first starting to trade. With the smaller size you can set your risk accordingly. I would have put my stop to $14.05 for a .10 cent per share loss. But the potential to this stock was a lot more as you can tell. And once the stock goes up, you can move your stop up, guaranteeing your profits.

Lesson that was learned?
If you have a plan, stick to it when entering a trade. I didn't go into the stock with a stop in mind, so the result was a sell when the stock pulled back. Trust me, If you have a set stop in your mind or even a physical stop it will help your trading a lot more. I could have made $100 on this trade but I was being a little bitch about it. I may be in the green for the day but I want to learn to trade better not just make a quick buck and get out. So what I am trying to say is, If you have a set stop and smaller size, It will give you more breathing room. You will hold the stock longer because you know that if it pulls back couple cents, you won't lose much. If you go in with a huge size, then you will always be watching that stock and keeping your finger on the sell button. So I hope that helped some of you guys out there!

April 4th, 2014! Have a great weekend!

Hey everyone! Happy Friday! Hope everyone had a great week! Today came home early after finishing my exam today. Today I saw a lot of short plays not many long plays. I saw two great plays today, $PLUG and $GNK. 

$GNK - This was a great morning play on the long side! But then there was some news out and started to look bearish. As you can see on the chart above, that there is a solid support line at $2.00. That is the price to break before the washout.

Here is a closer look at the point of washout. You can see that right when it breaks $2.00 the volume rises and the sellers take over from here. Great washout. I had an order for 500 shares at $2.00 but there was no shorts available. Bummer really. Could have made a quick hundred bucks on this one. And if I would have held it to the bottom of this graph, could have made close to $150 bucks in about 15 minutes.

Even though I didn't get into this trade, I am glad that I found the setup and had everything ready for the trade! This is what it is about, finding the right setup for long, or shorts. This was a great play, unfortunately no shorts available. But nevertheless, I am proud that I am finally getting the hang of it. Learned a lot in these past 2 weeks. Summer is going to be HUGE! 

April 1st, 2014

Hey guys! I haven't been posting in a while but here is the charts and PnL one of my days trading. This is April 1st, 2014. So I haven't been trading because I am trying to get more capital to trade with. At this point I am always worrying about when to take profits and avoiding the commission getting into the way. So I won't be trading much until the summer! When summer starts, I will be posting every single day. I feel like that I will do a lot better during the summer because I do not have to worry about school and actually do my homework and get a watchlist out every night. Well here was my day on Monday.

First trade is $BIOF. The green arrow is where I bought and red arrow is where I exited my position. My plan here was that I was anticipating the red/green move. So I bought a little before the r/g move just so I can get a few more cents before the big move. As you can see in the chart that the r/g move was rejected and it faded all day. Good thing is that I got out quickly. That is the main key to trading. If the setup does not go in your favor then GET OUT! If I would have held this waiting  for another move, I would have lost serious coin!

Second trade was $ISR. This is a hot stock right now, so I saw the right set up but miss played it. The top chart is the intraday chart and the bottom is the daily chart. So I was looking at the intraday for the ABCD pattern. You can see the two tops at $2.70 so that was the breakout point. So the problem with this trade is I entered way to early. I should have waited for the pattern to get tighter and let it gear up. I entered at $2.70 anticipating the breakout but it didn't break out. So I exited real quick for a small loss. Again that is the key. If you keep waiting for the right setup you will get rid of 5 losses for that 1 big play. So just be patient, which I was not on this play.

Third and final play of this day was $JCP. As you can see by the chart, there was a solid top at $8.81. So I was anticipating the break out over there. I entered at 8.81 but there was no volume at all... Waited a couple minutes and I got impatient. I got at the same price I got in. Good thing too, because I wouldn't have made much coin on this play anyways.

Here is my PnL for this day.

So what I have been learning these past couple months is that you HAVE to be patient. In this game you will strike out real quickly if you are just in it for a quick buck. Another thing is that I need to focus on plays during the mornings. The problem with that is school. So I haven't been getting good plays. I will be trading a lot and I mean everyday or at least every morning during the summer. The only thing I can do is not give up! Stay strong and stay at it!