AceTrader

This site was designed to communicate with friends who share similar interest. The interest in the "free market". Stocks, over the long term, provide the best return on your money. More than cash, bonds and even real estate. Understand that investing is a learning process. We will learn from our mistakes and move on. This is a journey. Enjoy the ride!

Name:
Location: Bayside, New York, United States

My love for the market began in 1987 when I first opened a brokerage account with Fidelity Investments. You know what happened back in 87'. "Black Monday", the market crashed. My initial $ went down fast. Thus began my thirst for the challenge to make it in the market. Although I have science background, my Bachelors degree is in Economics from Washington University (great school). I also have earned an MBA in Finance from Fordham University, New York. Although I am registered as an "investment advisor" with the NASD, any information in this blogger is not intended for any business use.

Wednesday, September 27, 2006

Active Trader Pro

I have a bad, real bad mouth sores.
It is so bad that I have hard time talking never mind eating anything. Swallowing my own saliva hurts. I now have those "white spots" in my throat in addition to my togue and cheeks. Such is a life of cancer fighter. The chemo therapy I am receiving may give me the sores but it is taking arm and a leg from those "bully" cancer cells (I hope). One great news: my CEA level (colon cancer marker) is now down to 4.8 (normal range is between 0-5). When I was first diagnosed with cancer last October, the CEA level was 130. This basically tells me that the drugs are working (at least for now that is).

For those who maybe interested, I use Fidelity Investments and its "Active Trader Pro" program for my trades. I pay flat $8 per trade and the services are fantastic. I strongly reccommend Fidelity. Utilizing the Active Trader Pro, I am able to see minute by minute trades (both volume and prices of individual trades). This week I will be shopping for a PDA (along with the phone service) which I can use to trade stocks through Fidelity. Imagine this, I can be sitting in my bathroom taking care of my businesses (two separate but important businesses if you know what I mean). I just love new technologies.

As per yesterday's note, my quick GDX trade yielded almost 3% gain in a few hours. I am now out of the GDX but intend to use it frequently in the future. Again, for those who are curious about my day trade activities: I am building a "Short" position in Juniper (JNPR) stock. I have shorted JNPR at $17.24 (yesterday's high) and if it goes higher I will double short again. My target is between 7-10% in a few days. Watch if you're interested.

Our invstment account is holding up well. The recent rally is concentraded among the "Super Large" stocks. You know those stocks that make up the Dow 30 or the SP500 indices. The idea is this: market thinks that the Fed is done with the rate hikes. In fact, investors now feel that the next Fed move is to lower the rates. If this were to happen, it will help Large Cap stocks much more than the Small Cap (the ones we own) stocks in general.

We will add some large cap stocks in our porfolio in the near future. But remember this, small stocks have much better chance of of a "double" than larger brothers. I expect the market to hit a new high soon (Dow is only 54 points away from the all time high). Have a great day.

7 Comments:

Anonymous Anonymous said...

I wait for your blogs anxiously every evening. I did not see your blog yesterday about gdx. I wonder why it did not show up on my computer?
I pray for your recovery every day from this terrible cancer and I hope you will get over this soon. We need more people like you as friends in this world.
GMM

1:22 AM  
Blogger Jaewoo said...

GMM:

Appreciate your kind words.Do you still not have my "NASCAR experience" blog dated 9/25? Advise.

I am going through much pain currently; I may skip a day here & there.

10:48 AM  
Anonymous Anonymous said...

@jaewoo

Glad to hear you are doing well. Trust me, its just a matter of time and all this health related issues will be behind you :)

On a seperate not - have you noticed that IGLD is starting to show its true colors? It went above the 50&200 day moving avg. a few weeks ago and now it is just on fire!

-Jo

11:17 AM  
Blogger Jaewoo said...

JO:

Yes, yes, of course i see. As order is restored in Israel, IGLD will trade higher!

12:59 PM  
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