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  • PLUG(1) Replies

    Trade Ninja
    Bronze Member
    Join Date:01-10-2014
    El Paso, Texas
    United States
    Posts: 10
    Replies: 15
    PLUG1/30/2014 11:02:52 PM
    I purchased PLUG yesterday at $3.03.

    Here is the chart:


    PLUG has moved from a relatively flat $0.50 - $0.75 to $5.00 in the last 2 months.  This stock is definitely on the move.  I like to find stocks that are moving rapidly and jumping aboard at every opportunity to make money.  I actually played this stock on the second move from $1.50 to $5.00 (I took my excellent profits at $2.50 just to watch it rocket up to $5.00!)  

    A few things to notice here:
    1.) PLUG has pulled back to it's 50 MA and bounced back up.  This is a great sign that an upturn is coming.
    2.) Yesterday (the day I bought at $3.03) was a strong up day confirming the bounce and what I believe to be the start of the next swing.
    3.) Notice the MACD histogram at the bottom of the chart has started to move up (shorter line).  This means that the stock's swing may be starting to change (to the up side).
    4.) Notice the "periodicity" of the moves...this is a fancy way of saying the "timing" from the top of the first move, its pullback, and then the second strong move.  Notice now that the amount of time is about the same for the second move to start up again.  IMPORTANT TIP:  Stocks will tend to move with the same periodicity.  Keep an eye on this...if a stock "looks" like it might be moving up sooner, be cautious, you might get caught in a false move.
    5.) Also notice the RSI is ticking up.

    What am I thinking?  I am thinking that this is the start of the next swing up which should take us up past the prior high of $5.00.

    I am in at what I think is a pretty good value.  I am already up about 2%, but I am looking for a bit more on this trade.

    Let's see what happens! :-)


    • PLUG Trade Update 2/4/14(1) Replies

      Trade Ninja
      Bronze Member
      Join Date:01-10-2014
      El Paso, Texas
      United States
      Posts: 10
      Replies: 15
      PLUG Trade Update 2/4/142/4/2014 11:21:23 PM
      Plug is continuing its upward move after a couple day pullback.

      A few things to discuss about this trade....

      Here is the chart:


      1.) Always know what your trading horizon is before you place a trade.  Your objectives for the trade are very important as they tell you where to place your stop loss order and what you should expect during the trade.

      What do I mean by this?  You have to decide BEFORE the trade if you are going to be placing a SWING trade (which will try to capture the next FULL up move of the stock which may last from a few days to a couple weeks) or a MICRO trade where you will be looking for an in-and-out of two to three days.

      I didn't mention it in my opening post, but this trade is through my RETIREMENT account where I always look at a bit longer time frame and try to catch the next major move of a stock...the next SWING.  With this strategy, it is important to get in at "VALUE" which is at the Moving Averages.  When a stock is clearly in an uptrend, and it pulls back to its moving averages, it is almost always a "safe" time to buy.  Of course the stock will turn down at some point along the way, but caught early in its uptrend, buying close to the moving averages is your main objective.

      I intend to hold this stock for a week or two and expect it to move upward toward (and then past) its prior high.  My stop loss is currently below the first long white candle of a few days ago.  That kept me in during a two day pull back.

      2.) Notice where I purchased it at $3.03 (see prior post).  If I was in a MICRO trade, I would have been looking for a smaller profit (in-and-out) and my stop loss would also have been much tighter...right below the low of the prior day (moved up daily) and I would have been stopped out for a profit.

      I did not get out because my stop has not been hit yet.  Now the stock has reversed and is starting up again.  This allows me to move my stop loss to just below TODAY's low which is higher than where it was...thus lowering my risk exposure.  If the stock drops below today's move, then I can assume that it may not continue up.

      IMPORTANT TIP:
      Very often, after a strong one day move you will have a small 2 day pull back before the stock continues up.  Look for these as opportunities to get into the stock at a lower price before it continues its up move.  

      What do I expect for tomorrow?

      Today was a good strong move that I think will continue tomorrow and for the next couple days.  Each up thrust of a stock should take it past it's prior high of that swing and it should stair step its way back up to the prior high of around $4.85 before either bouncing back down, or breaking out above that to a new high.

      Stay tuned for the next update!  Let's see what kind of return I can make on this trade.

      Does anybody else have anything to add?
      • PLUG Trade Update 2/14/14(1) Replies

        Trade Ninja
        Bronze Member
        Join Date:01-10-2014
        El Paso, Texas
        United States
        Posts: 10
        Replies: 15
        PLUG Trade Update 2/14/142/16/2014 8:27:58 PM
        PLUG is continuing its move up nicely!

        I added to my $3.03 position with another at $3.27.

        This trade is in my retirement account and I expect to hold if for a couple more weeks until it makes a new high.  I will then look for an exit and wait for the pullback to get back in.

        Here is the chart:


        So far I am up 24.8% and 15.6%.  Both are excellent returns for two weeks in the market.  I am pleased with the results so far.

        Will it go up tomorrow?  Actually I am thinking it might drop one more day before continuing up.  If it does, I don't expect it to drop too much (hope not).

        Let's see what happens...
        • PLUG Trade Update 3/3/14(1) Replies

          Trade Ninja
          Bronze Member
          Join Date:01-10-2014
          El Paso, Texas
          United States
          Posts: 10
          Replies: 15
          PLUG Trade Update 3/3/143/3/2014 10:36:54 PM
          Plug has made a great move upward and I have added to my position a couple more times at $3.93, $4.04, and $4.16.  I now have five different positions in PLUG.  All positions are up considerably.  I hope you can pick up on what I try to do as a stock is going in my favor...I buy it again and again, adding to my position to increase my overall returns.

          It is key to understand that when you find a good stock, you should keep jumping in with other positions when it shows you clues that it will continue up.

          PLUG is a great stock and I have traded this stock on and off for the last couple months.  I will continue to play PLUG in the future, BUT....it is now time to step out.

          Let me show you the chart:



          PLUG has already moved strongly to a new high and today on very strong volume it had a wide daily range.  This is the type of action that happens just before a stock will start to pull back.  I have ridden it since $3.03 and it is now time to take the profits on my multiple positions.  Now is typically the time when beginning traders will jump aboard...but the truth is, now is the time to run.

          I do expect PLUG to open up again tomorrow and I will ride it during the morning session and use a trailing stop just under the 50 MA.  I will see how much more I can get out of this trade, but I am very pleased with what I have pulled out so far.

          Will I ever play PLUG again?  ABSOLUTELY!!  PLUG has already proven to be a powerhouse and I will continue to play it over and over again.  Now though, I will get what I can tomorrow and then wait for it to pull back to the moving averages again.  Notice how high the current price is about the moving averages...that is not sustainable.

          So, the way to play it is...take profits now and then look for another opportunity to get back in at a lower price, and where the price is near the moving averages again.
          • PLUG Trade Update 3/3/14(0) Replies

            Trade Ninja
            Bronze Member
            Join Date:01-10-2014
            El Paso, Texas
            United States
            Posts: 10
            Replies: 15
            PLUG Trade Update 3/4/143/4/2014 9:32:09 PM
            I am out.  Today I took my profits like I mentioned I would yesterday.

            Plug opened up nicely and I allowed the stock to move up to the point where I thought it would not continue.  I was able to squeeze out another dollar per share.  THAT was gravy as I was happy with my returns from yesterday.

            When things move in your favor, you have to capitalize on them!  You don't always get gifts like that from the market.

            Here is the chart:


            I closed out all of my five positions in PLUG.  My returns are:  61.6 %, 69.1%, 75.1%, 112.8%, and 125.7%!

            Not bad for a months work.  I am very please with the results of these trades.

            I will play PLUG when it again moves down to its 50 MA.  

            ADVANCED TRADER NOTE:  There is a slight chance that I might play this stock on as a day trade if it does what it did in its last advance and continue higher....but that is not a topic for beginning traders.  

            TIP:  Advanced traders know that stocks behave similarly time and again and you should always look back in a stocks chart to see how it behaved in similar circumstances.  It at least tells you the possibilities that you should prepare for.

            Let me know your thoughts on this trade or if I can do more to help you in any way.