Thoughts....

The Weekend Review and the Index Watch is finished and posted. I'll have the Trading Spreadsheet up later today and have it linked here. On another note, I have a ton of work to do this week updating my charts so I should have some fresh setups to post.

Comments

Toad said…
Hi Tony,
I couldn't figure out how to use that message thing on the side... Just had a quick question for if/when you have time. AS a fairly new trader, how much time should I be devoting to trading per weekday and weekend day? Thanks for advice.

Todd
August 10, 2009 at 11:13 PM
Tony.Wiltshire said…
Todd,

Since the markets main objective is to destroy everyone who participates, it takes a lot of time to come up with a winning plan. It does for me anyway.

I actually take a really simple approach to this nonsense. When the market is open, I'm usually going over scans and updating my charts. I rarely watch the market tick. The weekend is a different story. Most people don't realize it, but the weekend update I do takes a lot of time. If I had to guess, I would say it requires an average of 9 - 14 hours. Even if I didn't have the site, however, it would still require some time to get my plan together for the coming week and to get everything loaded.

I don't spend nearly as much time today as I did 8 years ago doing this. At one point, I went 2 1/2 years and never left my house. It was a miracle that I broke that habit.

Thanks for writing and I hope you are doing well. It's nice to see some systematic selling for once....even if it has only been 2 hours.

Regards,

Tony
August 11, 2009 at 10:10 AM
Toad said…
Hi Tony,

I have often thought how long it must take to put your weekend update together. This site is the best kept secret on the web imho. I'm trying to put together a plan for myself and struggle on where to put my focus. Your charts help me a ton. Thanks a million.

Todd
August 11, 2009 at 3:37 PM
Post a Comment

Popular posts from this blog

Review for Week of October 26, 2009:

Breakout Setups (Click on Symbol for Annotated Chart) AHD Atlas Pipeline Holdings NYX NYSE Euronext JEC Jacobs Engineering SUNV Sunovia Energy APL Atlas Pipeline Partners VM Virgin Mobile XTXI Crosstex Energy CEP Constellation Energy DRYS Dry Ships SGMS Scientific Games SIMO Silcon Motion IO ION Geophysical HERO Hercules Offshore ERES eResearch Technology LOPE Grand Canyon Education SB Safe Bulkers SKIL SkillSoft PNSN Penson Worldwide CENX Century Aluminum PCX Patriot Coal TESO Tesco TWI Titan Intl EXM Excel Maritime Carriers FLOW Flow Intl PRGN Paragon Shipping CFX Colfax QRCP Quest Resource SD Sandridge Energy TBSI TBSI Intl QMM Quaterra Resources ACAS American Capital KHD KHD Humboldt Wedag AKRX Akorn PRXI Premier Exhibitions OME Omega Protein GMXR GMX Resources DMAN DemandTec CDII China Direct Industries LYG Lloyds Group HALO Halozyme Therapeutics IMN Imation KDE 4Kids Entertainment ULTR Ultrapetrol URRE Uranium Resources PEIX Pacific Et
Read more

Review for Week of September 14, 2009:

Breakout Setups (Click on Symbol for Annotated Chart) ANGO AngioDynamics AKRX Akorn APAC APAC Customer Services AXAS Abraxas Petroleum CPE Callon Petroleum FARO FARO Technologies TIVO TiVo VM Virgin Mobile FST Forest Oil PCX Patriot Coal SKIL SkillSoft SB Safe Bulkers PEIX Pacific Ethanol RUTH Ruth Chris Steak House VVI Viad PINN Pinnacle Gas Resources HERO Hercules Offshore PNSN Penson Worldwide HSTX Harris Stratex Networks ICO Intl Coal Group IO ION Geophysical TSCM TheStreet.com MCHX Marchex CNOA China Organic Agriculture XTEX Crosstex Energy BXG Bluegreen SD Sandridge Energy PLLL Parallel Petroleum FMCN Focus Media CENX Century Aluminum ES Energy Solutions MITI Micromet GA Giant Interactive Group CFX Colfax HCKT Hackett Group COGT Cogent CRNT Ceragon Networks RAMS Aries Maritime UTSI UTStarcom SGI Silicon Graphics RT Ruby Tuesday DRYS Dry Ships EMKR EMKOR Corp ENZ Enzo BioChem FCSX FCStone Group FSN Fusion Telecommunications ABK Ambak
Read more

Review for Week of November 23, 2009:

Breakout Setups (Click on Symbol for Annotated Chart) CHTL ChinaTel Group CSKI China Sky One Medical CSUN China Sunergy GRO Agria NED Noah Education (Low Volume) KHD KHD Humboldt Wedag DRYS Dry Ships KEME Kemet SINO Sino-Global Shipping (Low Volume) MITI Micromet EXM Excel Maritime Carriers CNAM China Armco Metals (Low Volume) SOLF Solarfun Holdings SSW Seaspan TESO Tesco CSKH Clear Skies Solar OCLR Oclaro PCX Patriot Coal QSFT Quest Software TIVO TiVo HW Headwaters LOPE Grand Canyon Education HWD Harry Winston Diamond IMYN Immunosyn ICOP ICOP Digital IMMR Immersion ANR Alpha Natural Resources APL Atlas Pipeline Partners CFX Colfax XING Qiao Xing Telephone ACAS American Capital AKRX Akorn BQI Oilsands Quest CENX Century Aluminum CERP Cereplast CPE Callon Petroleum CWST Casella Waste DMAN DemandTec FLOW Flow Intl GBG Great Basin Gold GKK Gramercy Capital PRXI Premier Exhibitions Long Setups (Click on Symbol for Annotated Chart) AMR AMR Corp ANN
Read more