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| Eman93 4,750 posts msg #86825 - Ignore Eman93 |
1/22/2010 5:01:30 PM TRO once said you need to think like a computer...... Somewhere in this thread I posted some some results using Wealth Lab... it was very interesting but havent worked on it.. |
| stratiG 147 posts msg #86826 - Ignore stratiG modified |
1/22/2010 5:09:40 PM mesayah - Ignore mesayah modified 1/21/2010 7:19:24 PM RIMM would have reamed you good today in and out of the zone 7 times with minimal range, moving quickly and losing dimes with every false signal... Back to the drawing board tro... --------------------------------------------------------------------------------------------------------------------------------------------------------------------- 7 trades? Can you post a chart and explain your trades? Thanks |
| mesayah 658 posts msg #86909 - Ignore mesayah modified |
1/24/2010 1:50:24 PM So i had my doubts with this method because my first day trading was a $700 loss then i traded it again with a modified buy zone and made 850 so my question to you or anyone is about the stop loss. And since you don't like modification questions, has anyone done a comparison as to the more advantages place to put the stop loss? For instance, would it be suicide to place it ..01 or .03 or .06 below your buy price, Has anyone estimated how many dips price makes below the .10-.20 level. Or is it better to take 1 bigger lose lets say at .20. I wonder which would be cheaper considering commissions and number of dips. For instance It would be cheaper to place sell price .02 below buy if on average it dipped back down 3 times than if you set it at .20-.40 and dipped to that level 1-2 times. Also is the sell place .20 or .40 below the buy zone. Because if it's from 1 zone to the other, i think it's too extreme after back testing 50 days. |
| stratiG 147 posts msg #86913 - Ignore stratiG modified |
1/24/2010 2:33:27 PM My stop is placed .20 away from the entry, so enter open +.10 stop placed open -.10 and the reverse for shorts. After my scalp portion is hit, i take my stop up to break even. It's been working out good for me. Trial and error approach. |
| mesayah 658 posts msg #86924 - Ignore mesayah modified |
1/24/2010 5:50:47 PM So Strati, is Trade Station sophisticated enough to handle this type of trading with automation?? I think the pros would be crisp executions and not missing opportunities, do you agree? What are some of the pros & cons? |
| stratiG 147 posts msg #86945 - Ignore stratiG |
1/24/2010 9:33:55 PM I believe TS would be able to handle automating this method, but I have not done the homework. I think TRO would be better equipped to answer your questions as he developed the system and has traded it forever. I have only been involved with this system live for about a year. I have been happy with my results in the last 3-6 month when i started trading the same 2 tickers on the open and following about 10-15 others for after open trading on a first come first serve basis. TRO can you help Messayah out? |
| stratiG 147 posts msg #86969 - Ignore stratiG |
1/25/2010 10:27:07 AM mesayah, Did you trade RIMM this morning? |
| mesayah 658 posts msg #86970 - Ignore mesayah |
1/25/2010 10:30:35 AM No. Decided to short AAPL @ 203.42 |
| stratiG 147 posts msg #86972 - Ignore stratiG modified |
1/25/2010 10:41:06 AM nice morning..... 
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| mesayah 658 posts msg #86973 - Ignore mesayah |
1/25/2010 10:49:36 AM Yea i saw. woke up late and just jumped on AAPL short. Finally starting to tank i hope. |
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