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Jayson Derrick
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About the Author: Jayson Derrick has over 7 years experience in the world of high frequency trading having assumed several positions within the industry. The first as a trader where he traded millions of shares daily, a risk manager overseeing more than $75 million in trader funds, and then the... More
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  • Notes From The Trading Desk: What To Look Out For - February 20, 2013

    By: Jayson Derrick

    Company Upgrades

    Company

    Upgraded To

    Aflac (NYSE:AFL)

    Outperform by Raymond James

    Bank of Nova Scotia (NYSE:BNS)

    Overweight by Barclays

    Halliburton (NYSE:HAL)

    Overweight by JPMorgan

    LG Display (NYSE:LPL)

    Buy buy Samsung Securities

    PNM Resources (NYSE:PNM)

    Outperform by Robert Baird

    Royal Bank of Canada (NYSE:RY)

    Equalweight by Barclays

    Threshold Pharma (NASDAQ:THLD)

    Overweight by Piper Jaffray

    Visteion (NYSE:VC)

    Overweight by JPMorgan

    Company Downgrades

    Company

    Downgraded To

    Americal Railcar Industries (NASDAQ:ARII)

    Outperform by Raymond James

    America Movil (NYSE:AMX)

    Neutral by UBS

    Barclays (NYSE:BCS)

    Neutral by Goldman Sachs

    CIBC (NYSE:CM)

    Underweight by Barclays

    Delek (NYSE:DK)

    Market perform by Wells Fargo

    Express Scripts (NASDAQ:ESRX)

    Neutral by Macquarie

    HollyFrontier (NYSE:HFC)

    Market Perform by Wells Fargo

    L-3 Communications (NYSE:LLL)

    Underperform by RBC Capital

    NetSpend (NASDAQ:NTSP)

    Neutral by Credit Suisse and Market perform by Wells Farco

    Officemax (NYSE:OMX)

    Hold by BB&T Capital

    SAIC Inc (SAI)

    Underperform by RBC Capital

    Sealed Air (NYSE:SEE)

    Neutral by JPMorgan and market perform by Wells Fargo

    Starwood Hotels (NYSE:HOT)

    Hold by Jeffries

    Sirona Dental (NASDAQ:SIRO)

    Neutral by Robert Bair

    Total System Services (NYSE:TSS)

    Hold by Jeffries

    Trinity Industries (NYSE:TRN)

    Outperform by Raymond James

    Windstream (NASDAQ:WIN)

    Sell by UBS

    Potential Stock Moving News

    • Apple (NASDAQ:AAPL) more rumors involving $199 iPhone aimed at Indian and Chinese markets.
    • BP (NYSE:BP) wins U.S. OK to cut potential spill fine by $3.4 billion
    • NVIDIA (NASDAQ:NVDA) introduced its first fully integrated 4G LTE mobile processor, the NVIDIA Tegra 4i
    • Las Vegas Sands (NYSE:LVS) - may invest in South Korea local casinos.
    • KKR (NYSE:KKR) reported to be last company bidding for Gardner Denver (NYSE:GDI)
    • Boeing (NYSE:BA) devises fix for Dreamliner batteries.
    • Schulze acquiring Best Buy (NYSE:BBY) still a possibility.
    • Total System Services to buy NetSpend for $16/share.
    • Netflix (NASDAQ:NFLX) to be sued for allegedly misleading investors about growth.
    • Herbalife (NYSE:HLF) 4Q EPS beats; raises 2013 EPS view.
    • CF Industries (NYSE:CF) 4Q adj. EPS beats est., rev. misses
    • Microsoft's Greg Nelson is leaving his role as GM of strategic alliances, which include search partnership with Yahoo (NASDAQ:YHOO)
    • Michael Kors (NYSE:KORS) holders to sell 25m ordinary shares .

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

    Additional disclosure: As a day trader I am likely to initiate short term trades on both the long and short side for any of the securities listed in this report.

    Feb 20 8:45 AM | Link | Comment!
  • Day Trading Computer Configuration

    1. Dear Traders and Community,

    Below is what we would recommend as the minimum requirements to trade comfortably.

    Typical Trader Workstation:

    · Run Windows XP Professional or windows 7

    · Have a Dual Monitor capable video card with 256MB RAM

    · 2x 20inch or bigger LCD Monitors

    · Have minimum 2GB of Ram

    Sample Configuration:

    Make: Dell

    Model: Optiplex 760

    CPU: Core Duo 2.2 GHz

    Memory: 2.0 GB

    Video: Dual Video Card

    Os: Windows XP Pro service pack 3 or Windows 7 Professional

    2. Network Wiring Infrastructure must be Cat 5e or Cat6.

    3. 2 Cisco 2800 Series Routers. Configured for HSRP for Redundancy (see diagram below)

    -Lower end Small business Linksys routers will also do the work, but Cisco routers are always recommended.

    4. Gigabit Network Switch with enough ports to cover all network, computer and server equipment on site.

    5. 2 internet lines from different vendors.

    · Primary line must be at least 10Mbps download and upload

    · Backup line can be from the local cable provider

    6. At least 5minutes UPS power backup for server equipment on site to prevent long reboots (Down time) by routers, switches and servers.

    7. If You are planning to have email on your domain (john@xtrading.com) and email surveillance system is recommended.

    · Barracuda Message Archiver (www.barracudanetworks.com/ns/products/ar...)

    · http://www.smarsh.com

    8. A Camera Surveillance system is recommended.

    9. Wall Mounted LCD Televisions

    (click to enlarge)

    Feb 08 2:30 PM | Link | Comment!
  • Day Trading Chatrooms

    By: Jayson Derrick

    Day trading chatrooms can be beneficial for traders as they can play a key part in improving traders profitability, confidence and career. A trading chat room is composed of professional traders exchanging ideas with each other. Debates over short term market direction is very common and participants in the chat room can evaluate the numerous opinions to initiate a new trade.

    A chat room has numerous advantages both to the experienced and novice traders. For beginners, they are able to listen and learn from others that are more experienced and pose questions. Many experienced traders are eager to offer guidance and advice on how to succeed.

    The principal advantage of these communities is that they are free to join. PromptTrader has been offering a free trading chat room since early 2013 to all members of the trading community. A trader does not have to worry about added monthly expenses for using the chat room and can benefit from members only discounted trading rates, access to higher leverage, and highly sophisticated trading platform and solutions. Their website can be found at: www.prompttrader.com

    Some traders participate in these online communities in an attempt to gain new concepts, which they can use to their advantage. For example, an experienced trader can share the stocks that they trade on a daily basis and the reasons for doing so. Since the communities are open to the public, and with no financial commitment or obligation everyone can benefit for free.

    Day trading chatrooms are used by people from different parts of the world who are united in their goals of achieving profit. The use of the internet to communicate has given traders a necessary edge to combat the fierce and competitive nature of the stock market.

    Jan 15 3:39 PM | Link | Comment!
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