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About Me
- Dwight Anderson, MBA
- I have 15 years experience in the financial services industry as an investment manager, stock market analyst, options trader, instructor and product developer. I have coached for many investor education companies, including Investools, Optionetics, Rich Dad and Morningstar. I have also managed many projects, productions, departments and work teams in my career. My trading background includes stocks, ETF's, options and advanced options (advanced spreads and combinations). Early in my career I managed client accounts as a licensed stockbroker. I continue to manage client portfolios as part of my work today. I am an active options trader, and the research, analysis and trading support I provide here are based on my own professional experience and my current investing activities.
Hello fellow traders,
ReplyDeleteEven though Dwight isn't here this week I was wondering if you wanted to share some trades? I'm looking at FWLT,JOYG,CSX,BNI. Couple of earnings this week in each of these sectors. I want to ride the momentum in these sectors if the earning continue to be as positive as already reported.
Gary
I think we should still share ideas. I'm looking at calls on AMZN, SNDK (if it breaks). I'm also looking hard at GNK and/or DRYS looking at the big chart big money is just rolling into that industry group.
ReplyDeleteHi there,
ReplyDeleteI'm looking at CMI for a $4-$5 move to the upside. Had 156% breakout on Friday. MACD just had a green arrow, phatom green on STOC. Industry turned green 82 from yellow 71. Options are not extremely overvalued. Stock also broke above the upper Bollinger band recently. Only thing is earnings on April 30 but there is still a good 7 days to trade.
Doreen
I'm looking for DNR to hold that $32.50 level at the close, preferably with volume. I've also got my eye on JASO at about $25.25.
ReplyDeleteI picked up some ANR and USO this AM. Coal is running strong today and oil, well, it speaks for itself.
ReplyDeleteGary
I entered a 1/2 position on SNDK today. My stop will be right below 27.50
ReplyDeleteI bought SNDK on the bounce off $28 earlier today.
ReplyDeleteBought a 1/3 position in MGM puts, will buy another if it breaks $49 and the final 1/3 if it breaks below the swing lows from a few days ago at $48.50ish. Target is$45.00
At the end of the day I'm long RIO, AMZN, DNR. I sold my SNDK like a fool when it pulled back this morning. I'm short ESI.
ReplyDeleteEnd of Day,
ReplyDeleteI'm also long AMZN, CSX (almost stopped out), short ANF.
These in addition to the SNDK calls and MGM puts I mentioned earlier.
Bob, Watch CSX. I got stopped out about a month ago only to see the stock go where i thought it was. Check out the 2 yr chart....it broke resis. FRI. My USO is doing okay and my ANR "bounce" this morning ended up a little light today. There are a couple of coals reporting in the next few days, so I want to "ride the wave".
ReplyDeleteGary
Gary, Thanks, re CSX. I was only pennies away from a hard stop (1% below Friday's opening gap), but it kept grinding upward all day. This may be anecdotal but rails seem to climb with coal. I suppose because that is how it is transported. So if the coals have good earnings, maybe the rails will take a ride, pun intended. Anyway I only have 1 contract and decided not to add unless it breaks today's high.
ReplyDeleteI was watching ANR too, looks strong, but I have about as many positions as I dare hold during earnings.
Good luck.
Hi everyone,
ReplyDeleteI noticed it's kind of quiet here. I'm having a hard time typing through my tears. I kept going to the Market Headlines today to see what was hot and what was not(it was no help). I actually had to go back to a 45% of my option price stop on my ANR option, just because BTU and ACI came in good and I think the fund managers were locking down some "sure" profits. I didn't see anything worth entering since we broke 12,750 today. Bob, I hope you're still in CSX, it was a fun ride for me too-Good Luck, Buddy! MGM and SNDK sure didn't cooperate today. I want to see what the "crude" oil inventories bring tomorrow. I think it's a game (joke)that they like play on us. Well, it's getting harder to type and my keyboard is soaked so I hope to hear from the "Forum". Let's share the pain together.
Gary
Gary here again,
ReplyDeleteStory Time folks. I look at POT every day and remember the time it pulled back and I chickened out of buying the 145 call about 3-4 weeks ago. I have a friend that has been trading POT for about, oh, 2 years and needless to say...has made a fortune off of it. Looking at the 2 yr chart, I've seen bigger moguls on the local ski slope. So I ask then," Why am I (we) not buying POT? Sorry, I've been wanting to get that off my chest for awhile.
Gary, surely you are not alone in your trail of tears. In fact, I've recently only been doing paper trades because of the blood shed in my account a few months back.
ReplyDeleteI've resolved not to take any trades with real money until I'm done reading "Trading in the Zone" by Mark Douglas. It's been very good so far.
So just hang in there... there are certainly others of us who feel your pain.
:)
Krystal,
ReplyDeleteIt's been said that this is the worst market to trade in 5 yrs. Since I've been following Dwight, I've cut almost all my losses in a matter of 2-3 weeks using smaller positions and trading 1-3 days. Books are great...but trading in the real world with Dwight is priceless. It's been nerve racking at times as he trades like a mad man some days, but he is VERY GOOD! The closer you follow the more you will learn. I make time for his coaching slots..they're not to be missed. I saw an article yesterday that said it's been the worst for hedge fund managers too and I know I can't beat them. Hang in there... they can't keep the market down forever!
Gary
Hey Guys,
ReplyDeleteI'm new here and I find Dwight to be absolutely excellent. I know he's out of town this week, but when is he actually on virtual coaching. What days and time.
Joe
Joe,
ReplyDeleteHis usual times are Weds. 11am-1pm EST. Thurs/Fri. 7-9pm EST. If you type in 'Virtual Coaching" in the "Search" box in Investools, I believe the 1st choice is schedule. Click on it and all the coaches are listed there. Dwight will substitute from time to time (last minute sometimes)...he will post it here.
Gary
By the way, apparently water trans/shipping was the sector du jour. I think someone here was looking at DRYS the other day...
ReplyDeleteHi Gary,
ReplyDeleteYup, still in CSX, still only have a 1/3 position. Stopped out of SNDK, got blown out of MGM at the open.
Doing well with ANF, having scaled down to my last contract.
Bought MCK puts, very high volume yesterday. Will have a tight stop because it has short term support at $51ish, but if it breaks below, I'm looking a zone around $47.50 (expect it to fall the height of the rectangle).
What's on your watchlist?
ReplyDeleteSome bullish flags I'm watching:
CAT, BAC, YUM, CELG, PEG, WFT.
Still looking for bearish trades. If you have any please post.
I am stalking COST. It is starting to form a nice bull flag.
ReplyDeleteBob,
ReplyDeleteCAT looks really good. I may pick up 1/3 position if it holds $81 and pick up another 1/3 if it fills the gap at $80.
OOOOOOUCH!!
ReplyDeleteI was thrown out of half of my ANR today but still lingering with a small position. I was looking at entering EXM but was spooked when that sold off this morning. I think that I may take the next few days off and enjoy Dwight's vacation too. Good luck people, I'll let you know if anything changes.
Gary
Gary,
ReplyDeleteI agreed with your earlier post to me on all counts!
Don't stay away too long!
:)
Hi guys,
ReplyDeleteI too have been following Dwight's teachings and am having a hard time distinguishing which intraday chart to look at to determine entry. Like you Christina I look at the daily year chart to come up with my exit - support/resistance but I am bouncing between "all" tinme frames intraday and it is just about to drive me crazy because I never "get" an entry signal using this crazy method. I feel as though I am only looking at the trees and forgetting the forest. Any suggestions would be greatly appreciated.
I am with all of you feeling the pain - I was in a LVS put : DIA and QQQQ call stopped out of all on Tuesday. thanks for all your postings they are very helpful.
claudia
Hey Claudia,
ReplyDeletePersonally, I use the time frames of 15m and 30m to time my entrys and just enter like you were entering any other stock from the yearly chart. Go back and backtest some stocks and look at them on these time frames and determine when you should have entered. I've done this and it's helped me tremendously.
Personally, I've stayed out of the market over the past few days (gotta study for finals...), but good luck to everyone!! It's crazy out there..
Joe
Hello again,
ReplyDeleteUSO has been my stellar hold this week. Nothing to brag about though , my 5 year old could have picked it and made money...but as the old adage goes: "I'd rather be lucky than good". Joe, I've been looking at the same charts ...and to me, it looks like barf on a screen door (not mine again). Is there something I'm missing? Is CAT in a bull flag?
Gary
By the way...is anyone going to be in Chicago next week?
ReplyDeleteHey,
ReplyDeleteGary, good job on USO, great trade. What charts are you looking at? And it looks like CAT could be a potential bull flag. We'll have to wait and see what happens over the next few days to see if we get a move up and confirm it first.
Joe
Joe,
ReplyDeleteI've been switching between the 5 day 30/60 min to 1 day 5-10-15 min charts. It's hard for me to identify any patterns right now, it's crazy out there. ANR was a bad trade, I think Dwight would have recognized a put trade there. If CAT breaks out of the bull flag today, I will pick up some towards the end of the day.
Gary
Hey Guys,
ReplyDeleteThat sounds good. I'm really pretty much just analyzing the market right now and learning from it. Also, I was wondering what you guys do to search? Does anyone really use the Big Chart for our short term trading?
Thanks,
Joe
Regarding time periods...I switch to any view that gives me a clean picture, starting at the 5 minutes working up to the hourlies.
ReplyDelete8:30 am Sacramento time, I've legged into BAC, MS and CAT calls (catcalls, haha).
Still holding IYR calls from yesterday.
Financials look like they are doing well today. GS is making another move.
ReplyDeleteFor financials, I see XLF has strong resistance at around $27.
ReplyDeleteI'm thinking about entering calls on COST and C in the morning at opening. Anyone agree with those entry points? I have no idea what happend to EXM today. Within 2 minutes it dropped over $1 and stopped me out.
ReplyDeleteHey all I'm also looking reeeaaal hard at V calls. American Express had good earnings and Master Card and Visa report next week and are expecting good earnings. Maybe a nice run up to earnings. Whatcha think?
ReplyDeleteJeremy,
ReplyDeleteI have the $75 Jan 2010 LEAP on V. You don't want to hold it a (call) during earnings. (I asked Dwight that same question on CSX). Also, see POT and BG today-both had blow out earnings. There's really not enough data on V, the options have only been offered for about 3wks. I bought a calender on SPY this AM. Bought the July 141 and Sold May 141 for 2.65 debit. COST and C are a tough call(no pun intended). I'd like to see EWZ or ILF bounce. XLF looks like it will hit a brick wall @ 27 (I hope GS does too) Sorry Christina...
Christina, I have the GS May 195/200 bear call, I hope it doesn't go the way DECK did. Check out $INDU from 3:40 till close I was watching it fall like a rock. I think one more day of R/R for my account is in order. Oh FYI, Dwight doesn't like to hold a lot of things thru the weekend.
Gary
@nwaloans.comJeremy,
ReplyDeleteExm was on the frozen rope for the previous 6 days straight( up almost 60 %). They had to take profit someday. Today's close was probably just that.
Hopefully today is the start of a nice flag and we can ride the bounce.
Jeremy,
ReplyDeleteIMHO, I think you may be a bit late to get into COST at this point unless it pulls back to around the 69.25-69.50 area. I plan to start scaling out at 71 and then more at 72.
C looks like a better entry at this point.
Hi Everyone,
ReplyDeleteI've been in and out of POT, playing both the puts and calls, but the last 2 days its been NUTZ. I agree Dwight "is the man" and seems to demonstrate the style that best fits my personality, too. I've been slaughtered these last few months, so I'm doing very small buys right now. Its nice to know I'm not the only one. I guess we all just need to hunker down and buy small.
Paula
Good morning all...
ReplyDeleteStill holding IYR, MS, BAC and CAT calls...with tightened stops.
Started a CHK position (1 contract) but it ran to the point my risk/reward ratio won't let me add.
I agree with the comments about the XLF, however it looks like it is forming an ascending triangle. Although it's options are too highpriced for me, I always keep GS on my sidescreen...it's been strong since it broke over $180 and was up when the Dow was down 100 this morning. It might lead the XLF past resistance.
So after my comments on CMI on Sunday night, I entered a Jun call trade on Monday with the view to exiting before earnings next Tuesday. I targeted a move of $5 but stock just bumbled along all this week....very frustrating. I am very grateful to be able to close out the trade today with a 4.6% gain. At least I recouped my cost.
ReplyDeleteDoreen
Dwight, COME BACK SOON WE MISS YOU!! Denise S.
ReplyDeletei am currently in a bull put on csx so far so good.
I was tempted to get in to C today but hesitated because I think BEN is yapping next week.
peace out!
WELCOME BACK DWIGHT!!!!
ReplyDeleteI hope you enjoyed your vacation!
I bought the DIA about 3:20 EST, it started taking off (5-10min charts)just like it did last week. 5 contracts up $137.50 1n about 15 mins closed (chickened) out for a $25 profit. I figured it was worth the wait for Dwight's guidance next week. It was fun trading with you people this past week. Looking forward to learning and trading more in the coming months.
Bob,
How did CSX go?
Gary
Gary, CSX stopped out on Wed, I believe. Going into Monday with the same positions I mentioned in a previous post, IYR, CHK, MS,CAT,BAC.
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