dforant1 76 posts msg #69100 - Ignore dforant1 |
11/7/2008 6:49:10 PM
*TheRumpledOne
- Ignore TheRumpledOne 11/7/2008 3:24:02 PM
USE LIMIT ORDERS. Market orders will create losses. *
I use market orders for selling. Fairly satisfied but don't know the difference. Don't you get stuck with shares if the limit is passed quickly and all can't get filled?
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dforant1 76 posts msg #69101 - Ignore dforant1 |
11/7/2008 7:04:12 PM
*chetron
- Ignore chetron 11/6/2008 8:11:22 PM
@dforant1
DID YOU HEAR ANYTHING FROM AMERITRADE FOR MILKING THE COWS? *
Nothing. Probably a dumb question so I'm working on my own types of quick buys and sells. I trade MTC now but don't do the 1st half hour. Too fast for me. During that time I set up my entry and stop losses and line my chart with the open etc. Trade a minimum of 2 MTC stocks and do well. I set buy stop limit orders well before the buy zone. I don't have a feel for how a stock will move and I don't really believe anyone can develop one. The Travel Guide can be of use though. So I use TRO's advice and take .05 bid first, then .10 next etc. and sell if it drops back.
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TheRumpledOne 6,529 posts msg #69115 - Ignore TheRumpledOne |
11/8/2008 7:56:42 PM
If you are not trading the first half hour, YOU ARE NOT MILKING THE COWS, do NOT kid yourself.
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dforant1 76 posts msg #69124 - Ignore dforant1 |
11/9/2008 4:03:39 PM
*TheRumpledOne
- Ignore TheRumpledOne 11/8/2008 7:56:42 PM
If you are not trading the first half hour, YOU ARE NOT MILKING THE COWS, do NOT kid yourself. *
You don't earn my $$ nor do you invest it. I trade my way and am doing fine using the Buy Zone method and MTC stocks. If it doesn't own up to your standards tough. There's more than one way to milk a cow. If you can handle the early trading that's just swell. Bravo.
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welliott111 98 posts msg #69129 - Ignore welliott111 |
11/9/2008 8:14:27 PM
@dforant1
Balls to you my friend, do what works for you. There are no rules to making a profit in the big casino!!!
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chetron 2,817 posts msg #69130 - Ignore chetron |
11/9/2008 9:18:42 PM
@dforant1, LOL, YOU HEARD TRO, GIVE BACK ALL YOUR PROFIT, DO NOT PASS GO, DO NOT COLLECT 200 DOLLARS, LOL
@TRO, YOU ARE KILLING ME, ROFLMAO.
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TheRumpledOne 6,529 posts msg #69143 - Ignore TheRumpledOne |
11/10/2008 12:55:51 PM
GAP UP, GO SHORT, PASS GO, COLLECT HUNDREDS OF DOLLARS.
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TheRumpledOne 6,529 posts msg #69144 - Ignore TheRumpledOne modified |
11/10/2008 1:00:17 PM
dforant1
1/9/2008 4:03:39 PM
You don't earn my $$ nor do you invest it. I trade my way and am doing fine using the Buy Zone method and MTC stocks. If it doesn't own up to your standards tough. There's more than one way to milk a cow. If you can handle the early trading that's just swell. Bravo.
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You are correct, it's your money and your account. Trade it as you like. If you have found a way to take money on a consistent basis then bravo, very well done.
But to keep things from getting confused, please do NOT call what you are doing MILKING THE COWS in this thread.
Feel free to start your own thread and describe what you are doing.
It has nothing to do with "my standards". It is about trading this method according to the rules of this method which is ENTER THE TRADE AT/NEAR THE OPEN, AT/NEAR THE OPEN PRICE.
I think there is more than one way to skin a cat. Not so sure about milking cows.
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dforant1 76 posts msg #69153 - Ignore dforant1 |
11/10/2008 3:05:40 PM
Is it a fact that you can milk more from the cow after the initial gap move? If so that's what I do.
I said *I set buy stop limit orders well before the buy zone* the limits I set are for the opening price plus or minus .10 for long or short. Meaning I load up the trades before the buy zone. It's not the total package of MTC but utter than that it works throughout the day.
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TheRumpledOne 6,529 posts msg #69174 - Ignore TheRumpledOne |
11/11/2008 7:50:27 AM
"the limits I set are for the opening price plus or minus .10 for long or short."
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Those ARE the buy zone triggers!!
Yes, those triggers may work throughout the day but if you don't trade them from the open, then you lose the statistical edge especially once price has move 50 cents or more up and/or down.
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