The Trade | Wednesday, January 2, 2013

Juice | KC

Founders of StocksOnDeckMiamiBoys

@iamdjuice | @TheKevinCosta

US Markets 

DJ-30 2.35%  | SP-500 2. 54% | Nasdaq 3.07%

The "fiscal cliff" resolution cleared the way for a monster rally, unleashing New Year's buying. The DOW jumped 308 points to 13,412, the most points ever on the first trading day of the year, and the S&P  was up 36 points at 1462.  

On todays "The Trade" I want to talk about one big problem that I have. Greed. While a certain amount of greed is required to be successful on Wall Street, too much will undoubtedly screw you out of big profits. Take $KORS. I bought $KORS on Monday at 51.00 and woke up today to see it at 53.00 pre-market. I held and $KORS even hit 53.24 early morning. I still held and the stock dropped all the way to 49.98, never to surpass 52 that day again. So that brings me to the lesson: Have a realistic target profit when in a trade and do not be greedy.

Juice | KC

Founders of StocksOnDeckMiamiBoys

@iamdjuice | @TheKevinCosta

The Trade | Monday, December 31st, 2012

KC

@TheKevinCosta

SODMB Co-Founder

FISCAL CLIFF!!! That is what its all about at this current time regarding the equity markets. You will see the market make huge moves up or down depending on what happens with the fiscal cliff (resolution or none). For a deal I'll be watching retail stocks such as $KORS and $COH. I am already in $KORS so I am obviously rooting for a resolution. You had Aug. 4, 2011 where the market dropped over 500 points and even Sept. 29, 2008 where the market dropped 777 points! We can see those same kinds of negative numbers if the cliff is not resolved. I plan on shorting stocks if no deal is made but either way trading is going to be very exciting! 

Only time will tell if Washington gets it done.

BUY Watchlist: $LPHI (Penny-Stock with a dividend) $COH $RAD (watching for the bottom of its current pullback)

By Any Means

KC

@TheKevinCosta

SODMB Co-Founder

I learned early from my father that if you want to be successful you have to work. 

Call me cocky or arrogant but I work extremely hard and if I want to show off the fruits of my labor, so be it. I'm lucky in the fact that my passion (equity trading) can bring in unlimited money. Trading is by no means easy, it just has virtually no barriers to entry. In fact, roughly 80% of short-term traders lose money. SODMB would be classified in the other 20%. I take the same "by any means" work ethic from my trading to my college work which is why I find myself on The Deans List semester after semester. So pay no attention to the outside noise and focus on working to succeed - by any means.

Benchmark

 Juice @iamdjuice | Facebook

 Co-Founder of #StocksOnDeckMiamiBoys™

Benchmark…

 Comparing where you are now to where you were yesterday and where you want to be tomorrow.

Trading is not an easy skill to develop. I started in high school at the age of 16.  I knew this was what I wanted to do ever since my first profitable trade. Even though I have a couple years of experience trading, I know that I will always place a "bad trade". Today I'm still attempting to perfect my trading style. I've learned that I need to bounce back from my mistakes, write them down and do better the next day. I know that the only person that can stop me from being a winner is the hustler himself.

"The biggest mistake you can possibly make is not making any mistakes at all. Mistakes are what allow for growth in your life and is what makes life exciting".

 Juice

 @iamdjuice | Facebook

 Co-Founder of #StocksOnDeckMiamiBoys™

The Trade | Thursday, December 27th, 2012

Juice | KC

Founders of StocksOnDeckMiamiBoys

@iamdjuice | @TheKevinCosta

Us Markets 

Dow Jones - Down  .14% | Nasdaq - Down .14% | SP-500 -Down .16%

Earlier, stocks tumbled more than 1% following Senate Majority Leader Harry Reid's comment that a "Fiscal Cliff"deal may not be reached by the end of the year. However, Stocks staged a sharp recovery in the final hour of trading Thursday following news that the House of Representatives will reconvene on Sunday evening to resume talks, with less than a week left until the "fiscal cliff" deadline.

SODMB Trades 

Long (Betting on an increase of price) 

Short (Betting on a decrease in price)

Long $EXPE

Short $JCP

Long $VVUS

We understand moves will be exacerbated during low-volume days, and we continue to react to every headline from Washington. Thus, we prepare ourselves with positions that could allow us to have either bullish or bearish market sentiment. Its been a great year for SODMB so were picky with what stocks we trade but still taking the opportunity to attack the markets based on political headlines.

Juice | KC

Founders of StocksOnDeckMiamiBoys

@iamdjuice | @TheKevinCosta

The Trade Tuesday, Dec 11th

KC
Twitter: @TheKevinCosta
SODMB Co-Founder

Washington seems to be hinting that a resolution on the Fiscal Cliff may not be reached, thus throwing us over the cliff. However, the markets had a rally today. Most notably the DJIA with a 3-figure intraday gain and ending the day up 78 points. I am currently in a "holding" state with my positions, along with $YHOO still in my portfolio which has been really taking off the last few days.

In my last The Trade post, I mentioned several penny stock winners. One of them was $CMBX which on Monday, continued its rally from Friday and hit as high as 14 dollars per share. Today's penny-stock winners were $BGMD (154% gain) and $SOMX (80% gain).

SODMB is staying focused and looking forward to playing however the U.S. hits the Fiscal Cliff (resolution or no-resolution).

Self-Discipline

KC
Twitter: @TheKevinCosta
SODMB Co-Founder

Self-Discipline is being able to force yourself to do something that you really don't want to do. A perfect example are the New Years Resolution gym goers. They say that they will go to the gym and eat right from here on out, but quit after a month because they have no self-discipline. As a result, they have a horrid looking body and even worse health. Discipline is one of the true keys to success because in discipline comes consistency and focus. To become a successful equity trader you must be disciplined to wake up early everyday, follow the rules you have learned, do your research the night before, and to focus 150% on what you are doing. The same goes for earning great grades in school or college. It takes discipline to study every night and to focus in class but the outcome is beyond worth it. Once you master self-discipline, you are on your road to success.