Monday, 15 July 2013

Trading Tales : Panera Bread

The first ever time I day traded Panera Bread I was super happy, it was a beautiful short, it was clean and it took a a lot of patience (almost like baking bread). So that day I told myself that I would go on a mission and take a picture with every company I day traded. Originally I thought Panera Bread was an American only chain but soon found out there are a couple of them in Toronto. This was not a planned photo shoot hence the funky shirt and so on but hey Panera Bread is first in the album!

Enjoy the picture! I didn't go inside because I don't do business with the stocks I trade. Mu ha ha 

Photo taken by: My fiancé <3 


Next on my list of  companies: 
BBRY (Waterloo), MSFT (Mississauga), IBM (401/404 area), AMD (if in Toronto), SWY (Vancouver), MCD (any major intersection), YUM (Vaughan), HD (Airport / Queen), LOW (Steeles / Kennedy, WMT (Airport / Queen). 

It's so hard remembering names, sometimes I will arrive at work and my friend will ask me "Sandeep what you trade today?" And honestly it's so hard remembering, they're just ticker symbols ladies and gentlemen, I won't remember even a few hours after trading what i traded. Sometimes I don't even know the full company name...it's just that crazy, it's all about setup setup setup. I don't care if it's GOOG or AMD, it's all about setup. A few people have asked me "what stocks do you trade?" And my answer is "any stock" because it literally is just any stock that's got the right setup. 

But. 

There are 2 types of stocks and I've mentioned this before. The first type of stock is the dirty stock, this is a stock you stay away from when day trading, my favorite example is COH. Please use extra caution with these stocks. The second type of stock is a clean stock, this stock follows all rules, all patterns and is the calm puppy, an example is ummmmmm I will say IBM for now. 

The following are the stocks I don't trade: 
Banks and miners, they just ummm not my thing. You will never ever ever read a post about a bank stock, don't matter if it's Canadian or US, nah, I don't touch...I've tried years and years ago...didn't really work. 

I would line up the XLF with all the banking / Financial stocks in the US and try to find patterns and turning points but I wasn't too happy with my results so now I don't bother. I moved on. 

There you have it. Officially my album has started.