| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 5 6 7 8 9 ... 105 >>Post Follow-up |
| SFMc01 358 posts msg #67585 - Ignore SFMc01 |
9/22/2008 3:54:54 PM TRO: You stated: 9/18/2008 10:24:21 PM You can enter a long trade anywhere from open + $.10 to open + $.20.. after that you are chasing. This works on the stocks that I call COWS - stocks that have the stats that say, if price moves $.10 chances are it will move $.50 or more" xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Respectfully, my questions are: #1; "Chances Are": Do you establish any type of stop loss? ... either numerically or criteria or movement pattern? #2; When do you get out with your profit? Do you take the $.50 and run, or again, is there some pattern or criteria that causes your exit? Thank you. I appreciate your generous sharing of your experience. ... Steve |
| tdavisfn 13 posts msg #67594 - Ignore tdavisfn |
9/22/2008 5:39:08 PM TRO > have you milked JRCC yet? It showed up on MTC filter list and given the price its cheap enough to buy more shares than the other high rollers. |
| TheRumpledOne 6,529 posts msg #67609 - Ignore TheRumpledOne |
9/23/2008 12:47:25 AM thenakedsingularity uh, I see what you are doing there. very nice. basic pattern picking. I understand now what you are doing with 0.1-0.2 band. my question is , take AAPL's action from yesterday, so you fade the gap, you wait for the buying zone (or trading zone), and you go short when it falls between 0.1 and 0.2 below opening price. That works well. But when do you recover, and when do you go long again? Do you re-establish that TZ again at some point during the day? (using yesterday's action as an example?) Thanks TRO! ========================================================================== NO, the Buy Zone is the same everyday! The Buy Zone never changes. The lines are always plotted at OPEN +/- $.10 and $.20 Not sure what you mean by "recover". This is SIMPLE. Do NOT try to complicate it. |
| TheRumpledOne 6,529 posts msg #67610 - Ignore TheRumpledOne |
9/23/2008 12:50:08 AM Respectfully, my questions are: #1; "Chances Are": Do you establish any type of stop loss? ... either numerically or criteria or movement pattern? #2; When do you get out with your profit? Do you take the $.50 and run, or again, is there some pattern or criteria that causes your exit? Thank you. I appreciate your generous sharing of your experience. ... Steve ======================================================================= 1) If you can't see that the STOP LOSS is BUILT IN then DO NOT TRADE THIS. If you are LONG and price drops into the SHORT ZONE, it should be OBVIOUS to the reader what to do. 2) You take whatever profit you can whenever you can. You do NOT know what's going to happen next. You will leave money on the table. So what? It's like breaking and entering, the longer you take filling up your bag, the more likely you'll get busted. SMASH, GRAB and RUN!! |
| TheRumpledOne 6,529 posts msg #67611 - Ignore TheRumpledOne |
9/23/2008 12:51:40 AM TRO > have you milked JRCC yet? It showed up on MTC filter list and given the price its cheap enough to buy more shares than the other high rollers. ====================================== NO. I only milk AAPL and RIMM. I leave the rest for others. |
| SFMc01 358 posts msg #67636 - Ignore SFMc01 |
9/23/2008 10:03:21 AM TRO Thank you for your response. Steve |
| TheRumpledOne 6,529 posts msg #67668 - Ignore TheRumpledOne modified |
9/23/2008 3:46:08 PM
FADING THE GAP / MILK THE COW IS PROFITABLE. I don't need anything else. I'd be a fool to change. |
| TheRumpledOne 6,529 posts msg #67708 - Ignore TheRumpledOne |
9/24/2008 1:28:13 PM http://zenhabits.net/2007/05/how-to-never-lose-a-thing-again/ |
| TheRumpledOne 6,529 posts msg #67741 - Ignore TheRumpledOne |
9/25/2008 1:27:39 PM
Did you know that MILKING THE COW / FADING THE GAP does NOT work in backtest? You'd have to be CRAZY to trade this. LMAO ATWTTB!! |
| Eman93 4,750 posts msg #67776 - Ignore Eman93 |
9/26/2008 9:05:05 AM Rimm should have a big bounce, it sold off big in the premarket. Its heading up now up to 78 from 77.65, it should sell off at open though dont you think. |
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