Buys for March 3rd

Using the daily price stock chart versus the 40-day moving average, many stocks are in BUY territory tonight. Most of them (HOU, HQU, HSU, ECA, FTT, G, and TRP) I already own, so I don't need to buy more at this point. I do have stop losses in on all of them, though, in case they turn around quickly and move into SELL territory. This is a tricky (and non-ideal) part of my trading strategy that leaves me to the up and down whims of the market, but my inability to watch the markets during the day necessitates this approach. When using stop losses (or stop buys, for that matter), make sure you also put in limits, so you don't buy or sell a stock at ANY price (only within the range that you intend).

There is one new one - HGU (Gold stock ETF) - that I will put in a stop buy tonight to try and buy tomorrow. The price of gold had a great gain today - nice since I bought HBU (the gold bullion ETF) yesterday - and gold stocks are starting to catch up. There is no telling if they will continue to rise or not, but the graphs say to buy, so I will try to buy it.

For February, I ended up about +2.5% for the month. In the last 16 months (from Nov '08 to now), I am up 14 of the months, I am even for 1 and I am down 0.75% for the other. As I have said before, my goal is not only to make money but it is also to not lose money. On a monthly basis, I have had a pretty successful run - I hope it continues.