BBBY

LVS

DISCA

V

RBCN

BBY

LLL

DO

ROVI

DG

BP

SLB

CTXS       

45.11

38.21

40.00

74.08

22.59

32.33

79.35

69.27

57.98

26.73

45.78

68.80

64.02

47.26

38.53

39.49

72.65

25.07

28.67
80.57

72.28

55.46

30.75

46.73

70.94

65.35

+2.15

+0.32

-0.51

-1.43

+2.48

-3.66
+1.22

+3.01

-2.52

+4.02

+0.95

+2.14

+1.33

STOCK CHARTING VIDEO OF THE WEEK

Up-to-date day trading stock market charting technical analysis videos are posted to the Member Page throughout the week. Also, be sure to check out my free Technical Analysis Trading Video Tutorials in the Day Trading 101 section.    

Whether you’re day trading, swing trading, options trading, a new trader or a battle-tested trading veteran, my stock picking service will work for you. My research produces high-probability stock picks based on technical analysis and stock charting indicators. Before each trading day, stocks with strong profit-making potential will be listed in the WATCH BOX. As each stock’s technical indicators are triggered, they will move to the HIT LIST becoming an instant recommended trade. It’s that simple to Trade Smart.

Whether you’re looking for day trading stock picks, swing trading stock picks or options trading stock picks, the JayTradingLive stock picking service will work for you. Put simply, this is me - Jay - trading - live. Through years of experience and research, I have developed a series of technical indicators and trading strategies that move with the flow of the market, constantly and consistently plucking gains. These are not computerized stock picks. I personally go through the stock charts of each and every stock that makes it to the WATCH BOX and then on to the HIT LIST. I developed this site to assist and organize my own trading and even though it is open as a resource to you, it remains my personal trading log. Sign Up today and try it Free for Two Weeks!

ABOUT


I am a trader. Day trader. Swing Trader. Options trader. I look for solid stocks to set up in reliable patterns and take the trade with the goal of capturing a short term profit. That could be an intra-day trade or it could last the course of several days up to a couple weeks. It all depends on how quickly the stock makes its move and how long the stock continues to move in my direction. My method of trading predominantly uses the Daily and 60 Minute chart. I do consult shorter term charts to gauge the health of a stock and to confirm that an entry or exit is solid, but I don’t jump in and out of trades throughout the course of the day. That to me is insanity. That makes trading a frantic job and it will quickly burn you out.


I like to use a style of trading that keeps me relaxed, focused and disciplined. I only take trades that I have the upmost confidence in panning out. And I typically have no more than 3-5 trades going at any given time. While those trades are working, I am able to scout for new high-probability set-ups. This constantly keeps my money and my time working together wisely. You may trade more or less, it is all about establishing your own comfortability in the market. If you do like to take on more trades, there will certainly be plenty of set-ups on the list for you to take. I trade in even dollar increments. For example, I will buy 200 shares of a $50 stock or 400 shares of a $25 stock or 115 shares of an $85 stock. In each of these trades there is roughly $10,000 at work. That is a good way to keep your account in balance and easily recover should one of your trades take a quick, steep unexpected dive. I never go all in on one single trade. This is explained further on the Education page but it’s just a smart, safe way to trade.


There are many other rules, tips, tidbits and observations I will be discussing throughout the trading day during the live broadcast as well as general market commentary and charting diagrams. I just wanted to mention a few of the trading basics that I adhere to so you can get a feel for how I approach the stock market.

 

WATCH BOX





The WATCH BOX list radars in on stocks that are setting up to make a profitable move.  DISCIPLINE is the key here.  Some of these stocks will set-up beautifully and give us the perfect entry. Others will not, but that’s okay, we simply won’t play those. A huge part of being successful in the stock market is being focused and prepared. That is exactly what the WATCH BOX list does for us. We will know precisely which stocks to look at when the market opens and which stocks to follow throughout the trading day.  And when one of these stocks hits our buy trigger, we’ll be right on top of it. It’s that simple.      


Let’s take a moment to expound on why a watch list is so vitally important to successful trading. It’s being prepared.  It’s having a game plan. It’s being focused. And most importantly, it’s the first step in being a disciplined trader. As the trading day begins and stocks are going this way and that, we don’t have to waste our time searching through countless symbols only to make a hasty decision and take a gamble on a stock that we think looks kind of good. With a solid watch list, we don’t have to bother with other stocks. We just let them be. We have already weeded them out. Sure, some of them will make terrific moves. It’s not that we missed them, it’s that they didn’t give us a proper indication to let us know they were going to take off. And do we care about that - that’s a big N.O.


By already knowing the stocks we want to focus on and having the discipline to let them set up, we are going to make money repeatedly. We are getting in ahead of the crowd and we have confidence in our trade because we have done our homework and know the technical reasons behind our entry are sound. Obviously, there is no silver bullet to slaying every trade, but the Watch Box list gives us a huge advantage in the market and limits our losses if the trade does go against us. Managing risk/reward and trading the highest probability set ups are essential to any trader who wants to consistently make money in the market. By following the Watch Box stock list, that is exactly the type of traders we will be.

DAY TRADING 101


  1.   Be a disciplined trader. We don’t trade on impulse. We don’t trade on recommendations from friends or family and definitely not from media hyped news. We wait for trades to come to us. If we miss an entry, we don’t jump on board after the stock is well into it’s move. There are entries setting up every day. That is what we remain patient for. That is what makes us money. And that is why we must be disciplined. 

  2.   Trade stocks that move. Stocks that have volatility. We don’t have to trade the wildest stocks in the market, but we don’t want to tie up our money in stocks that take two weeks to move fifty cents. Obviously, with volatility comes added risk but by becoming a disciplined trader we have no reason to fear that risk. Stocks that move make us money and that is why those are the stocks we must trade.

  3.   Be aware of market conditions. Know the general trend of the market and trade in that direction. When the market is trending up, we look for stocks that have pulled back and are ready to go up. When the market is trending down, we look for stocks that have risen and are ready to pull back. When the market is trades in a range, that is what is called a “trader’s market” and we have a field-day to trading ups and downs. It is always easier to make money when we trade in the direction of the general market and that is why we must be aware of market conditions.

  4.   Trade in even dollar increments. You get to set what that increment is but you have to stick with that level until you are ready to advance it across the board for all of your trades. For example: buy 200 shares of a $50 stock, 400 shares of a $25 stock and 115 shares of an $85 stock. In each of these trades you will have roughly $10,000 at work and $30,000 total in the market. Your set increment doesn’t have to be a precise dollar amount but always err on the under rather than the over. This is simply a good way to keep your account in balance and easily recover should one of your trades make a steep unexpected drop. If you had loaded-up that entire amount on a single trade and it didn’t go your way, then it would be extremely difficult to recover the loss and that is why we trade in even dollar increments.

  5.   Don’t be greedy. You are not going to get rich on any single trade so don’t try to squeeze every single penny out of it. Take a profit. Take a profit when you are happy with the gain. Take a profit when technical indicators tell you to take a profit. Take a profit and be happy with it regardless of what the stock does afterwards. I recommend new traders to take a profit whenever their stock is up a dollar from their entry. If they have 100 shares, that’s $100. There is nothing wrong with leaving money on the table. In fact, I would much rather do that than have a respectable profit and then watch the market take all or even some of it back. We are methodically building wealth over time, not getting rich overnight. Even small profits can add up big over time, and because of that simple fact, there is no reason to be greedy.

  6.   Don’t be fearful. The stock market is fueled by the emotions of fear and greed and fear manifests itself at every turn. Fear to enter a trade. Fear to exit a losing trade and take a loss. Even fear to exit a winning trade - which as mentioned above can also equal greed. The market does everything it can to constantly induce fear into its participants. Just reading articles about a stock before you even think about entering a trade will make your head spin. One article says something positive, another says something negative and then fear and uncertainty begins to cloud your vision. The market itself throws head-fakes to flush weak hands out of strong positions and then turns right back around and goes in the direction the trader was anticipating. “Smart money” knows set-ups the “crowd” is expecting and then takes them in the opposite direction. The only way to combat fear is through confidence and the only way to gain confidence is through education and experience. Luckily, that is what we provide here. When we enter a trade, we are confident because we do have the education and experience to trust in the set-up. We will not be shaken out. We will not be greedy. And therefore, we have nothing to fear.

  7.   Keep records of your trades. This helps you learn which strategies work and which do not. It allows you to fine-tune your trading techniques and it helps you to understand how various stocks move. In your trading, you will notice the same set ups happening again and again in stocks you have traded in the past. If you keep good records you’ll know whether to play or pass on that set up when it comes around again.  Keeping records also helps you understand yourself. When you see your trades and their outcomes in plain ink, there is no hiding from them. You may start to realize you’re trading too much, too risky or too conservatively. You’ll begin to understand the strategies you trade the best and then focus more on those. In your records you should have: Date in - Buy price - Date out - Sell price - Profit or loss total -  Your reason for entering the trade - Your reason for exiting the trade. This plays a big role in becoming a disciplined trader and that is why we keep records. 

  8.   Learn charting. Before you even attempt to place a trade in the stock market you have to have a basic knowledge of charting. Learn about the major technical indicators: trendlines, support/resistance, MACD, RSI, stochastics, EMA/SMA, Bollinger bands... there are many others but those are the indicators I primarily use. Learn about volume and its relationship to price. Learn about candlesticks and their important formations. And finally, learn about charting patterns: Head & Shoulders, channels, wedges, triangles, pennants, flags, double tops/bottoms, cups and handles... Again, there are many patterns but those are the major ones to start with. You will learn a lot from the live broadcast and the videos I post in the Member Page, but outside reading is always recommended to learn stock market charting.  

  9.   Trade quality stocks. Quality stocks have the key trait we are looking for in that they are predictable. That doesn’t mean they do what we want all of the time, but quality stocks typically behave in predictable ways. They adhere to technical trading principles. Without looking at the fundamentals, in general and obviously there are exceptions, I consider a quality stock to have an average volume over 300,000 and an average price over $20. Stocks with low volume can be easily manipulated as can stocks with a cheap price tag. Not to mention, stocks with a cheap price tag are cheap for a reason. If you want to go broke quickly, then trade penny stocks. Institutions are not even allowed to touch stocks under $5 and neither should you. The beauty of technical trading is that you don’t have to dive into the fundamentals of a stock because you will not be holding it long enough for the fundamentals to significantly change. That brings up the quick point that you should not hold a trade into earnings no matter how tempting. It is just too unpredictable. You should, however, always do research on a stock before you enter the trade. You need to do this in order to find out the earning’s release and make sure there isn’t any recent bad news. Aside from that, you’re just going to find a bunch of irrelevant conflicting opinions. That doesn’t matter with quality stocks and that’s why we trade them.

  10.   Have fun. Above and beyond anything else, enjoy being a trader. It’s much easier for people to become successful doing something they enjoy doing. If you’re not having a good time, then you’re probably losing money and you should step away. Learn some more. Paper trade. Then come back and enjoy the party we’re having here.

THIS IS A BUNCH OF TEXT YOU WILL FIND ELSEWHERE ON THE WEBSITE -- I am placing it here just for added content to the homepage.

Whether you’re day trading, swing trading, options trading, new to stock trading, or a battle-tested trading veteran, my goal is to provide a relevant place to hang your hat during the trading day and offer insight, education and a sense of community as we make smart, informed trades throughout the market day. Be sure to visit our Sign Up page to see the benefits of becoming a member. Below are other thoughts and info you will find on the pages of this website. I am only placing it here as relevant content.

- MEMBER BENEFITS -

DOW DAILY CHART PERSPECTIVE

DOW 60 MINUTE CHART PERSPECTIVE

SIGN UP AND BECOME A MEMBER TODAY!

JAY’S MARKET NOTES:

A brief summary of stock market conditions and my personal observations will be posted daily in this section on the MEMBER PAGE.

This is a sample post: Looking for the bulls to die out by mid to late afternoon. Then our indicators should line up on some stocks to take to the short side. Also watching TVIX and TZA and SCO as inverse ETF plays. DOW daily chart remains bearish and the 60 minute chart is starting to become bearish. This should lead to a nice downward flush. If you’re holding any long-term investments, you may want to insure them with Put Options while volatility is still fairly low. Check out my video about INSURING LONG TERM INVESTMENTS.

  1. Day Trading Stock Picks

  2. Swing Trading Stock Picks

  3. Options Trading Stock Picks

  4. Stock Market Commentary

  5. Technical Analysis Videos

  6. Live Member Chat Room

  7. Real Time Email Alerts

RECENT TRADES

    STOCK       ENTRY         EXIT          NET

HOME      MEMBER PAGE      SIGN UP      DAY TRADING 101      ABOUT ME      TRADE SMART      VIDEO TUTORIALS

Yep, that’s right. I’m dishing out FREE STOCK PICKS! Below, in the WATCH BOX and Live Chat Room I will be posting my daily stock watch list, and I will be posting live to the Chat Room when these stocks hit their indicators becoming a recommended trade. This service is FREE. No sign-up required. No strings attached. I am simply trying to build interest in the website and gain your confidence as a stock picking genius! Eventually this will be a membership service, but for now you have complete access. If you want to receive real-time email trade alerts, email me at Jay@Jaytradinglive.com otherwise you can see them posted here in the Live Chat Room.

GETTING STARTED - How to Trade Smart


-- Yes, I know there’s a lot of text on this page but -- the steps are really pretty easy to understand and if you’ve watched the Introduction Video, you already have the gist of it all. On this page I just go further into detail about my stock picking service and elaborate on questions you may have. None-the-less, it should be fun reading. So...  


...Congratulations! You’ve made the smart decision to become a Member of JayTradingLive.com. If you haven’t already watched the Introduction Video, then you should do that now. It will make the rest of these steps a lot easier to follow. That’s obviously STEP 1.


STEP 2:  Before the Stock Market opens, log onto jaytradinglive.com and check out the DOW DAILY and 60 MINUTE Chart Perspectives to get a feel for the market sentiment as a whole. This is our daily overview of the stock market and our directional trading decisions will be somewhat influenced by this compass. 


STEP 3:  Go to the MEMBER PAGE. There you will enter your User Name and Password. Abracadabra you now have access to the magic money-making potential of the Watch Box and Hit List. Not to mention, the Live Chat Room, Daily Market Notes and exclusive technical charting videos. If your morning schedule doesn’t allow for time to log onto my website, not to worry. In theory, you don’t need to visit it at all during the trading day because you will receive real-time email alerts whenever a stock from the Watch Box makes the Hit List. That’s kind of flying blind, but you’ve already learned from your 2 week free trial and my past track record that the stock picks I bring to the table are pretty darn sound.

If you do have time to park it on my site, then I definitely encourage it. You can read the Daily Market Notes to get a better feel for the market, see what stocks we will be following throughout the trading day and have fun interacting with other members in the live chat room. I kind of think of it as if we’re all on a big fishing trip and this is the boat were hanging out on, encouraging each other, and slapping each other on the back when we reel in a big one. Heck, you can even smoke a cigar if you like.


Pull up the charts of the stocks in the Watch Box with whatever charting service you use. Get a feel for the stocks we are watching on any given trading day. Again, you don’t have to do this, but it certainly doesn’t hurt. Look at their trendlines. Look at their MACD. Look at their stochastics. Look for channels or other stock patterns. Look at the 20, 50 and 200 EMA. Look for recent gaps, points of support and points of resistance. Look for well know candle patterns. try to put your mind in the head of other traders and visualize what they may be seeing. Essentially, get a feel for the stocks you may be trading that day.  


STEP 4:  BAM! A stock from the Watch Box hits its technical indicators and pops up on the Hit List. It’s posted in the Live Chat Room. An email alert pops up in your browser - You’ve Got Mail!!


STEP 5:  Your heart starts beating faster. You may want to stand up and do some jumping-jacks. Throw yourself down and do some push-ups. But get yourself pumped up jack because this is a Smart Trade you could enter -- at or near the price point listed, at or near the time it is posted. But don’t wear yourself out. Save yourself some juice because there will more-than-likely be more trades popping up as the trading day carries onward. Some days there will be so many trades that Warren Buffett’s bankroll couldn’t cover them all. Some days there will only be a few. And on rare occasions there may not be any. None-the-less, trading smart does not mean being involved in every trade that makes it to the Hit List. Any stock that makes it to the Hit List is a stock I would personally be comfortable with trading, but I will not take them all. It would practically be financially impossible to take them all. Not to mention, that is too may trades to focus on when real money is at stake.


For more information on how I trade (I typically have 3-5 trades going at any given time) refer to the Day Trading 101 section. I would encourage you to only trade and take risks that are comfortable to your financial situation. Basically, there will be trades available almost every trading day so it’s not like you’re missing anything by not trading everything. Make sense. Good, let’s sail onwards.


STEP 6:  You use your own brokerage service to place your trades. I use Optionshouse.com because of their low commissions. You may or may not get the exact entry price of a stock that is posted to the Hit List. That is fine. As long as you get an entry price relatively close to that posted price and relatively close to the time it was posted to the Hit List, then you’re doing fine. You need to use your own judgement about that. I want to say this as clearly as I can -- Not every trade that posts to the Hit List is going to work. This system is not a silver bullet. I do not claim 100% success to my trading techniques. But I do trade for a living. This is my job and a job is only worth doing if it can allow you to sustain a living doing it. I can. I do. And I am sharing that with you. Trading can be quite profitable - but understand from the get-go, you can and will lose money in trades. It absolutely sucks when that happens, so I try not to let it happen very often. That is also why you never go all in on any single trade.


Don’t make trading a life or death situation to your financial self. You will not be able to think clearly when you are stressed to the max over a trade. You will not make smart trading decisions. I also want to say this as clearly as I can -- You are not going to get rich quick trading -- I don’t care what any other trading services tell you. I don’t care about the gains they promise, the percent returns, the mansions, sports cars, yachts and whatever else they claim. They are not being realistic with you -- and if you try the get rich quick methods you will more than likely, get broke -- quick. I like to make small to medium consistent gains on my trades with a few big gains mixed in for good measure. When I started trading I had a goal of making $100.00 a week. That was an extra $400 a month in my pocket. That may not sound like a lot of dough, but it built confidence and it added up in my trading account. I wasn’t greedy, I was realistic. And I am still here trading while others I have known who had more “excited expectations” have given it up altogether and have their money sitting in mutual funds because they ended up losing their money and their desire to trade that [insert expletive] market anymore.


We are trading for the long-haul here. We are trading with the goal of earning a living from the market. We are trading for financial independence. We are trading for our families, our retirement, to quit our job, or whatever other reason. Your trading goal should be to constantly and consistently make money trading. That’s it. That’s the plan. And when you do that for a few years, you will find yourself getting rich. It won’t happen over night, but it can happen. That’s all I’m saying.


STEP 7:  Hot dog! You’re in a trade. Now what? That depends. If it’s a trade on the 60 Minute Chart you can expect the trade to last anywhere from one hour up to a couple days. If it’s a trade on the Daily Chart you can expect it to last anywhere from one day up to a couple weeks. However closely you monitor your trades is up to you -- but please don’t stress yourself out by staring at your screen tic-by-tic watching candles paint. Very rarely does a trade move completely in a straight line in the direction you want it to go.


In general, I do monitor every trade that makes the Hit List and may from time-to-time make comments on some of them in the Chat Room. I will also post an exit for each trade when I see that an exit is warranted. You can find this in the Hit List Trade Exits box located on the Chat Room page. You will not receive an email alert for exits. When to exit a trade is completely up to you.


Why won’t you tell us when to exit? Why won’t you give us a target price to expect when we enter a trade? Why won’t you give us a stop loss if the trade turns against us? I will, and here’s your answers.


WHEN TO EXIT


Get out of a trade when you are happy with the gain but don’t be too greedy. That’s it. It’s that simple.


PRICE TARGETS


Stock bought for $20 - $30 -- Look to exit when you have a .75 cents - $2.00 per share gain

Stock bought for $30 - $35 -- Look to exit when you have a .75 cents - $2.50 per share gain

Stock bought for $40 - $45 -- Look to exit when you have a $1.00 - $4.00 per share gain

Stock bought for $45 - $50 -- Look to exit when you have a $1.00 - $5.00 per share gain

Stock bought for $50 - $60 -- Look to exit when you have a $1.00 - $5.00 per share gain

Stock bought for $60 - Up  -- Look to exit when you have a $1.00 - $5.00 per share gain


Obviously, $5.00 is not necessarily the cut-off. The market will sometimes give you a lot more than that, but for general guidelines, $5 is a pretty good move. And the .75 cents or $1 is not necessarily the starting point to take a profit. Sometimes the market will not even give you that much.


STOP LOSS


Exit a trade when you can’t stomach any further loss but don’t be too fearful. Typically, if I find myself at a loss of $1.00 - $3.00, I get out of the trade. I take small losses because my entries are based on near support and when that support is broken, my money can be better put to work in a different trade... because I know there is always another trade coming. So, don’t be afraid to take a loss. That is part of the whole fear and greed game. Yes it sucks, but sometimes you have to take it.   


-- Let me elaborate just a little further on these 3 questions:


If you’re new to trading I would recommend exiting when you’re up a buck, or fifty cents or seventy-five cents. That’s your target. You’re not experienced enough yet to understand indicators that will signal an exit so just be happy with a profit on your trades until you become more experienced. You will learn a lot and gain experience at a much faster rate just by being a member here -- watching the videos and participating in the Chat Room. Remember, there’s always another trade to get into so you don’t have to milk every last penny out of any single trade.


If you’re an intermediate trader and have some understanding of charting indicators, then you have a little bit more wiggle room but the basic answer is the same -- get out when you are happy with your gain. I just can’t stress that sentiment enough. Take a profit! There is nothing worse than having a profit and then watching the market take it all back from you. Take profits. Also, don’t sit in a trade if the stock is not moving. If it has barely moved after a few days, dump it and put your money into a new trade. There will always be trades available, so there is no sense sitting in a trade that isn’t moving.

       

If you’re a veteran trader, the same advice still applies. Get out when you are happy with your profit. You have the most wiggle room to let your trades dance, because you have probably developed your own exit criteria. You realize stocks don’t move in a straight line. You understand trailing stops. You have eliminated a lot of fear and greed from your trading. That’s great. That’s what everyone here should be working towards. You have hopefully created your own rules for exiting a trade and the best thing you can do is stick with them -- as long as they are working for you. If not, you will learn some new things here that will surely help.


All-in-all, if you are consistently making a profit from your trades, you’re doing great. The entries to trades that you will find in the Hit List are going to give you a big leg up in making that happen.


STEP 9:  Keep a record of your trades. Keep it in a notebook or on a spread sheet, or wherever you like, but keep a record. Date in: Time: Entry Price: Date out: Time: Exit Price: Profit or loss total. Total your weekly profits. Set a realistic goal for the next week. Total your monthly profits. Set a realistic monthly goal for the next month. This helps you understand where you are in your trading and how well you’re doing. Leave a little extra space and jot down what you learned from each trade.


STEP 10:  Wake up and do it again tomorrow. Have fun doing it and be proud of what you’re doing.

Stock Picking Service               Day Trading Stock Picks              Swing Trading Stock Picks               Options Trading Stock Picks

DAILY STOCK PICKING SERVICE - Stock Market Picks brought to you every trading day

FREE STOCK PICKS... RIGHT HERE... RIGHT NOW... SAY WHAT???

     WATCH BOX    03/19/2012                                  

     STOCK             CHART         DIRECTION 

VALE   

ABX

SLW

LNKD

CCJ

EQT

KMR

AEM

PII

ARCO

YOKU

PDS

CPX

DECK

MCP

WRC

PANL

UAN

ITRI

PPO

SNCR

WRLD

SA

NTCT

PDC

ECPG

LAYN

DTLK

CVV

TPX

SWKS

UA

ARBA

DDS

WNR

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

DAILY

LONG

LONG

LONG

LONG

LONG

LONG

LONG

LONG

LONG

LONG

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SHORT

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HIT LIST

Triggered trades will be posted live here in the Chat Box or

you can email me and I’ll send you live email trade alerts