Nikkia Ballantyne's Page

I'm a :

Trader

Products:

Stocks

Exchanges:

NYSE, NASDAQ, AMEX, OTC/PINK

Methodology:

Strategy A(mostly complete):Buy in during early 2009 deep discount on securities with high 52 week highs and set price targets at 1/2 52 wk high and 1/3 52 week highs.

Strategy B: Shifting to aggressive growth with new companies or older ones with promising developments.

Medium-high risk tolerance, mostly Contrarian. Scanning the market daily for small cap aggressive growth, emerging markets, convincing new biotech & tech, intriguing ETFs, and the deeply discounted fallen ones.

Became profitable when:

Bought into several deeply discounted securities in February 09/March 09.

IRE(entry point: $1)
AIB(entry point: $1.09)
RBS(entry point: $6.45)
LVS (entry point: $1.79)
SIRI (entry point $0.14)

Most important lesson learned:

It doesn't matter how good the stock is if you don't like the price and aren't willing to buy enough of it to matter in the long run.

Worst trading period:

It's a heavy swinging pendulum market. Usually recover from most of the body blows!

Outside of trading:

Other hobbies: Cooking, violin, writing fantasy/science fiction, reading science fiction/fantasy on Kindle.

When not trading:

Researching for the next day, evalution strategies.

Brokerage:

E*Trade, Tradeking, Vanguard, Fidelity, Sharebuilder

Software:

AIOTrade for daily monitoring (java-based; using Sabayon Gentoo)

charts:

Line

Indicators:

tba

Internet connection:

Fios

Favorite Web sites, blogs:

Seeking Alpha, WSJ Market Data, TradeKing activity monitor (http://community.tradeking.com/trading_activity)
Bloombery, Forbes, Motley Fool

Best thing about trading:

Developing strategies and watching them work. You have to love trading, even on the worst days. That should be a prerequisite.