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23 Dec

3-Day Weekend Ahead, Let’s Make Money Today

by

U.S. stock-market futures pointed to gains on Friday, with consumer spending and new-home sales among data on tap, while volumes are expected to thin out ahead of the long Christmas weekend.

Investors are awaiting more economic data for Friday. Personal-income and consumer- spending, along with durable- goods-orders data, all for November, will be released at 8:30 a.m. Eastern. At 10 a.m. Eastern, new-home sales for November are scheduled for release. Word on the Street is that all reports are expected to be positive.

We had a wonderful group discussion last night reflecting on 2011 while setting goals for 2012. It was nice to hear your feedback both in class and in the survey. Here are the survey results so far with 33% of my user base responding which is above average for stuff like this.

Immediate changes include the following:

1. 5 swing trade ideas per week

2. Swing trades will not become long term trades

3. One entry with a tight stop, if the stock does not perform as expected we’ll be getting out.

4. Shorter hold times of 1-5 days

5. 5-10% goal and take profit

Please remember I’m only 9-months into this project and I think we’ve come a long way. In 2012 we will have a new platform that works on all phones including chat, text, email, Twitter and blog posts – when an alert is sent it goes to all 5 locations at the same time. In January of 2012 I’ll have a 10-week curriculum for new traders including assignments, video lessons and more. Also in 2012 all subscribers will get 1 DVD per month detailing everything I’ve learned about day / swing trading.

The layout in 2012 will look like this:

1. All premium content will be located at Profiding

2. JasonBondPicks.com will simply be a free hub for me to advertise

3. StockMarketWatch chat room will only have the free option

Moving forward swing trades will not become long term holds. However USAT and LQMT were in my portfolio under my previous guidelines so I’ll look to work out of those trades in January. Moving forward if you get an alert you can expect I’m looking to make money on it in 1-5 days or stopping out.

USAT – nice pop yesterday on good volume, I think we could see this perform really nicely in January – February. I’d like to get $1.60 on this trade or better before selling.

LQMT – goal is $.16 – $.24 into January as well. Again, I don’t want swings to become longs but I accumulated this bid with the intent of holding through tax selling season which is why I’ll likely hold until January.

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2 Comments

  1. Shawn Banyai

    Hi Jason,

    Happy Holidays.

    I have a couple more questions for you.

    1. A couple of your recent newletters talk about accumulating picks “5 stocks I’m loading into the new year” and “3 NASDAQ small caps positioned to move in 2012”. Since you are changing the model to only swing trades 1-5 days, are you still going to give updates on these?

    2. As a person wanting to learn and new to your service. I am wondering if part of your lessons will teach how you find the specific stocks you feature. Such as what you are looking for in the financial side, what filters you use to search them out. Do you have minimum criteria they must meet and what is it, etc…. Is this what your DVDs will be covering?

    I’m still trying to find out what I get from your service. So far, I have a positive feeling.

    Thanks
    Shawn

    Reply
    • Jason Bond

      Happy holidays Shawn. Ya I’ll look to accumulate and swing those stocks still as it’s something I started. However future alerts outside of those picks would be 1-5 day holds. And yes, I will teach you my system of finding decent small caps and where to enter for the best chance at success in the trade…that will be covered in my DVD ‘The Fundamentals of Swing Trading’ which will be out in January. Cheers!

      Reply

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