September 8, 2009 Stock Market Game Trades

Tomorrow, the market opens for the first day this week. I have some trades ready for my stock market simulation portfolio. Below I'll describe the trades, and the details of why I chose them based on the information I learned at the stock market guide for beginners.

The first trade I will make is to sell short Jaguar Mining Inc. stock.
I will sell short 2000 shares of JAG at about 11.40 per share.
I intend to buy back the shares when JAG reaches 10.20 for a profit or at 13.00 for a stop.
I chose this stock to sell short because the RSI is approaching 80, and the Stochastic is above 80.

The next trade I will make is to sell short MAG Silver Corp. stock.
I will sell short 4000 shares of MVG at about 5.12 per share.
I intend to buy back the shares when MVG reaches 4.70 for a profit or at 5.70 for a stop.
I chose this stock to sell short because the RSI is approaching 80, and the Stochastic is near 80.

The next trade I will make is to buy Intel Corp. stock.
I will buy 1100 shares of INTC at about 19.65 per share.
I intend to sell the shares when INTC reaches 21.00 for a profit or at 18.30 for a stop.
I chose this stock to buy because the Moving Average is a floor for this uptrend stock, the RSI has fallen and is turning up, and the Stochastic is near 20.

The last trade I will make is to buy Dell Inc. stock.
I will buy 1300 shares of DELL at about 15.70 per share
I intend to sell the shares when DELL reaches 16.50 for a profit or at 14.50 for a stop.
I chose this stock to buy because the Moving Average is a floor for this uptrend stock, the RSI has fallen and has turned up, and the Stochastic is near 20.

This coming week will be the firt where my trades will be made available publicly along with the reasons behind the trades. I'll keep you updated with any new trades that I make including exit trades for the ones I listed above. Right now the balance of the simulation portfolio is $100,000. As the game progresses and I make trades, I will provide screenshots of the account balance to show if the guide's instructions can lead a real beginner to success in the stock market.