| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 10 11 12 13 14 ... 105 >>Post Follow-up |
| TheRumpledOne 6,529 posts msg #68420 - Ignore TheRumpledOne |
10/14/2008 3:03:29 PM lctrcbddha I'm becoming a convert. Makes a hell of a lot more sense than what I've been doing... ================================================================================ 
Remember, this does NOT work in backtest. There are NO fancy squiggly line indicators. This is the most boring trading method: - you trade the same stocks everyday - you have the same trade triggers everyday - you don't get to look at different charts - you don't have to learn lots of rules - you don't have to read books or attend seminars - it's not creative or mentally stimulating. - all it does it make money everyday. You should do some serious thinking BEFORE you try something so simple. There are so many methods out there. If it weren't for the fact that this works everyday, no matter what the market conditions are, I would find or create another method. I mean just look at these charts. Nothing but HORIZONTAL LINES. It just CAN'T BE this simple!! Come on, you mean to tell me that I could have gone short at OPEN - $.10 and FADED THE GAP to the PREVIOUD CLOSE and made almost $6 a share in one trade in under 30 minutes? IMPOSSIBLE!! IT CAN'T BE THAT SIMPLE!! |
| TheRumpledOne 6,529 posts msg #68421 - Ignore TheRumpledOne modified |
10/14/2008 3:16:12 PM
Yeah right, all I have to do is go short at open - $.10 fading the gap and I could have made $3 shorting RIMM in 30 minutes? That would have been $3,000 in 30 minutes if I traded 1,000 shares. Oh come on, there is NO WAY you can do that. You expect me to believe I can do this WITHOUT any indicators? You must be on drugs!! |
| StJoe 91 posts msg #68424 - Ignore StJoe |
10/14/2008 5:47:20 PM TRO Do you use Interactive Brokers? If not than who? Do they turn your money around to you the next day? Thank you for sharing! |
| TheRumpledOne 6,529 posts msg #68425 - Ignore TheRumpledOne |
10/14/2008 6:04:54 PM I have more than one account. I have TD Ameritrade for swing trades/high volume and MB Trading for direct access scalp trading. I have a Scottrade account, too. With a margin account, you have instant access to the money. With a cash account, they can make you wait 3 days for settlement. Unreal in the 21st century, they still play by 20th century rules. |
| impliedvolatility 8 posts msg #68427 - Ignore impliedvolatility |
10/14/2008 8:09:13 PM I read every single post in this thread twice and I kept learning more. So thanks for your contribution. I agree with you that you have to get your mind right in order to do this mostly because it is so outside the mainstream/norm of buy and hold. Ed Seykota said everyone gets what they want from the market. Apparently you want a consistent profitable way to take money out of the market. Really good stuff and I am glad that I had a chance to read it. Thanks again for sharing. I would like to hear more about your exit strategy. I read the earlier post that you get out when the trade starts to break down (or words to that effect). Is this something that you get a feel for after trading the one equity for so long? Are using any technicals/candlesticks for exits? Thanks! |
| TheRumpledOne 6,529 posts msg #68430 - Ignore TheRumpledOne |
10/14/2008 9:55:13 PM If you really read the thread twice then you can answer you own questions. But it should be obvious to you that there is NO WAY that this simple method can work day after day no matter how many charts I post showing that it does work each and every day. It can NOT be possible that FADING THE GAP and using the MILK THE COW strategy with a few HORIZONTAL LINES can provide a steady income stream without using squiggly line indicators derived from formulas created by those with multiple degrees of higher education. By God man, THIS IS TRADING! It isn't just some simple transaction between buyers and sellers. I caution you against reading this thread a third time or you just might become a profitable trader. |
| Eman93 4,750 posts msg #68432 - Ignore Eman93 |
10/14/2008 11:01:52 PM TheRumpledOne - Ignore TheRumpledOne 10/14/2008 8:04:07 AM I use the NY Market open but my charts are on Pacific Time at the moment. ____________________________________________________________________ Thanks |
| impliedvolatility 8 posts msg #68433 - Ignore impliedvolatility |
10/15/2008 9:22:55 AM TRO- Maybe the third time is a charm?
I see your point. Thanks. |
| TheRumpledOne 6,529 posts msg #68435 - Ignore TheRumpledOne |
10/15/2008 9:40:11 AM
See, I told you this can't work. You only made $0.50 a share 2 times in less than 10 minutes. What's the big deal about making $1,000 per stock? |
| TheRumpledOne 6,529 posts msg #68437 - Ignore TheRumpledOne modified |
10/15/2008 9:44:11 AM
So it filled the gap and then you when short and took $1.00 a share and hauled in another $1,000.00. It's just a lucky guess, that's all. Just you wait, you'll see it doesn't work. So you're up $3,000. Big deal, you'll probably lose it all and them some the next trade. |
| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 10 11 12 13 14 ... 105 >>Post Follow-up |