I'm Back...Did You Miss Me?!?!

Hey Traders...I have been gone from this blog for awhile, primarily concentrating on my other blog: iron-condor.blogspot.com. That discusses another method for trading, one you may find interesting, so check it out!

I recently made an excellent trade on KMX, here is the chart:

As you will see on the chart where I entered, and where I exited, it made for some very nice returns. I will wait for this to slide back in its Ascending Channel and pick up some more shares once it reaches support again, and take it for another ride. That is the beauty of a channeling stock like this. Buy it low, let it run, sell it high, rinse and repeat!

Today, I entered a new trade: ANDE

As you will see from the chart, the stock is bouncing off the bottom of a well-formed Ascending Channel, and the MACD and STO are perfectly positioned to indicate a bounce is imminent. Since the channel is over $6 tall, this could generate a nice return for me should it follow the channel like it has in the past. My stop-loss is 3% below the most recent bounce two days ago.

That is all I see today that may be worth trading, the key to trading I have found is PATIENCE! Remember, YOU are the HUNTER, and good hunters lie in wait for their prey...do the same!

By the way, I encourage any readers to submit their own ideas for trades through the comments section.

Happy Trading!