TrendSurfer
109 posts
msg #64351
- Ignore TrendSurfer
modified |
6/25/2008 5:24:42 PM
I only shared that last real time trade to add something to some other posts I've made across this board.
I'm watching the broad market like a hawk right now, I'm on high alert. I've found no better way to be in touch with the broad markets at transition points, than to be trading one of the broad market ETFs. I wanted to FEEL the vibe the last hour today after the FED, it was quite a ride. That was a real trade and exactly what I was trying to type as it happened.
I'm pretty close to a stop and reverse system with the broad market most of the time. I may however be a few days in cash before I reverse the swing.
I chart to be in the game, not to watch the game. The players get to play and make the bucks, the fans get to to pay to sit and watch. You must trade, and you must use money, the real kind to build the emotion stability to be a successful trader. How simple is it: Gee's, just use small positions until you master it. Master risk/reward and implement good money management on every trade.
I will draw my lines in the morning and the evening and continue to track with an active position until the price action reacts one way or the other. I'm not playing a day trade here, notice I held over night in the trades above. I want to FEEL the close and the open tomorrow. Test my emotions. Cool, calm and collected, playing the game.
78 cents a share ahead on DDM going into tomorrow with a doubled up position from the last hour of trading today!
What if it Gaps up, I'll sell and take the profits and watch for another buy if the Gap fills...
What if it Gaps down and stop you out, I'll buy it right back. I feel you Mr. Market and I got your number.
This can happen for several days while I'm in anticipation of the major move in the time I trade. And when it does, I'm in the game, I have internalized the broad market winds and I'll call up my RS all stars from the dugout and put them in play immediately, usually 5 to 10 at one time. Then manage the trades over several days and take what the markets give me.
Thanks for tolerating me sharing this way... Thought it may be fun to watch, but I'll save you the grief of the minute by minute from here on out... LOL... Thanks guys...
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enforcer
21 posts
msg #64352
- Ignore enforcer |
6/25/2008 6:45:30 PM
izzykabaka says: wazeeeyuuuuupy! pipo pipo.
a little reminder from the kabakanation, i posted here not long ago that Tgc tengasco was the golden stock of this year .(a.ka.a year of the kabaka). i also said something about getting a couple of thousands of them, well its been raining down here, but if you didn't get in then, izzy says haaaiiiiii! you'll never walk alone.
Again, get a few thousand now or in the next few days in your medium to longterm play. see you at 14- 18 dollars by year end.
Izzykabaka says: may the gods of the harvest bring you all the ripe fruits
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johnpaulca
12,036 posts
msg #64360
- Ignore johnpaulca |
6/26/2008 10:12:14 AM
POT...covered@$217...6.9%...ahem...I told someone I will make money on this (o:
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johnpaulca
12,036 posts
msg #64361
- Ignore johnpaulca |
6/26/2008 10:18:16 AM
PCX... I averaged down and came away with (-1.37+4.73) net =3.36%...my prayer worked on this.(<:
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johnpaulca
12,036 posts
msg #64362
- Ignore johnpaulca |
6/26/2008 10:24:26 AM
AAPL...back in @$172 ....didn't expect to be back in so quickly, sold yesterday for a 3% gain.
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johnpaulca
12,036 posts
msg #64363
- Ignore johnpaulca |
6/26/2008 10:32:10 AM
POT...long@$218
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johnpaulca
12,036 posts
msg #64364
- Ignore johnpaulca |
6/26/2008 10:37:21 AM
SYNA...back in @38.50...I am out if if can't hold ema(34)
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alf44
2,025 posts
msg #64365
- Ignore alf44 |
6/26/2008 12:06:14 PM
OUCH !!!
That DDM trade lookin' painful right about now !
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TrendSurfer
109 posts
msg #64367
- Ignore TrendSurfer
modified |
6/26/2008 12:41:18 PM
::: alf44 :::
Stopped and reversed with the DXD at the opening gap this morning. Think I mentioned exactly what I would do yesterday. And I'll reverse again back to the DDM if necessary.
Right now at 12:39 watching over my right shoulder as I work on other things. Alarms are set.
Looks like I have a net positive from yesterday. Doesn't matter anyway, I'm trading at less then 1% risk to my trading account since I'm following intra-day on this.
I'm pretty sure I mentioned, I will continue to swing the DOW to FEEL the market until the real move sets up. I'm not fearful, besides I needed a little excitement, helps keeps me sharp and focused. You can do that when you believe in your money management skills and ability to follow what the market is doing.
Trading to me means having a plan and knowing what to do, when you need to do it.
Wondering when I would get a response out of you ;) Have any trades you want to share?
Make it a great day...
Cheers
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alf44
2,025 posts
msg #64368
- Ignore alf44
modified |
6/26/2008 12:48:27 PM
Firstly, congrats on your nimble "stop and reverse" !
Secondly, "concern" ??? Hardly !!!
...and...Thirdly, hope you have a great day as well !!!
Regards,
alf44
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