Saturday, March 6, 2010

The 12 Step Stock Trading Program ~ Alcoa Inc. (Public, NYSE:AA)


Hi. My name is BOTD. I own $AA. I've been long for two days, one of which was a non-trading day. i am powerless over my addiction.

Step #1 ... BUY $AA

Step #2 ... set STOP slightly below cost
(a few pennies below 'entry bar' low)

Step #3 ... WAIT for "squiggle breakout"

Step #4 ... ADD to position on B/O strength

Step #5 ... set LIMIT SELL for 1/2 position at $14.98
(slightly below round #)

Step #6 ... TAKE 1/2 OFF, MUST LOCK IN PROFITS!

Step #7 ... WATCH reaction to $15.00 level

Step #8 ... ADD "puts of protection" if stock pulls back.

Step #9 ... take PROFITS on PUTS

Step #10 ... HOLD remaining common shares for TARGET #2

Step #11 ... WAIT, the "do nothing" strategy.

Step #12 ... SELL! ... take final PROFITS at TARGET #2.

p.s. The $BG Jorge Soros CALLS!! BOTD.tv Episode 2

3 comments:

BUY ON THE DIP said...

the BG video is from thursday night. kinda sucked and didn't want to post it.

but .... friday,.

BG
63.27
+2.38 (3.91%)

... calls up 60%+

Ticker Street said...

BOTD, AA is in BB squeeze. I think you will pocket nice coin.

BUY ON THE DIP said...

AA breaking out.

14.30
+0.50 (3.62%)