impliedvolatility 8 posts msg #68433 - Ignore impliedvolatility |
10/15/2008 9:22:55 AM
TRO-
Maybe the third time is a charm?
When to take profit?
WHEN YOU SEE PRICE WEAKEN IN THE DIRECTION YOU ARE TRADING.
If price goes up a DOLLAR and it stops... EXIT! TAKE THE MONEY OFF THE TABLE. THIS IS SCALPING.
MTC is NOT swing trading or investing. That is NOT what it is designed to do.
I see your point. Thanks.
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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?
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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.
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TheRumpledOne 6,529 posts msg #68438 - Ignore TheRumpledOne |
10/15/2008 9:48:18 AM
Yeah, you're just on a lucky streak making another $1,000 when the gap filled. If you were any good, you would be using indicators.
What do you mean you're done for the day?!?!
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TheRumpledOne 6,529 posts msg #68439 - Ignore TheRumpledOne |
10/15/2008 9:51:44 AM
I thought you said you were done. What do you mean you took AAPL for $.25 or more in both directions. One minute your long and then you switch and make money going short? Sounds like you can't indentify the trend. Just you wait, that whipsaw is going to get you... you'll see!!!
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TheRumpledOne 6,529 posts msg #68440 - Ignore TheRumpledOne |
10/15/2008 9:54:39 AM
All you are is a ONE TRICK PONY. You trade the same stocks the same way, day after day. So what's the big deal about that? Just cause you make money, so what? Show me some new and fancy. I am so bored with this Milk the Cow/Fade the Gap crap. Get a life!!
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TheRumpledOne 6,529 posts msg #68441 - Ignore TheRumpledOne |
10/15/2008 10:09:44 AM
See look at all that money you could have had!! But all you do is sit and wait for the price to come to you. Either you're lazy or too stupid to use indicators. I don't care that you made thousands of dollars in under 30 minutes. If you were any good you would be making more money. You just ain't good enough.. HA HA!! Told you so.
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TheRumpledOne 6,529 posts msg #68443 - Ignore TheRumpledOne |
10/15/2008 10:12:46 AM
I don't care that you took AAPL again. Look at how far price is away from your Buy Zone thingy. You might not get another trade all day. What do you mean, you don't care? Oh, just cause you made a few thousand in under 30 minutes you think that's enough? You just don't have clue, do you?
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lctrcbddha 28 posts msg #68445 - Ignore lctrcbddha |
10/15/2008 10:59:26 AM
Not doubting, just trying to understand how this morning should have been traded -
I watched RIMM this morning, not trading it. Opened at 59.08 against a previous close of 60.12
Within the first minute, it rose into the +.10/+.20 buy zone several times, as well as dropped into the -.10/-.20 sell zone.
These are the only two triggers (aside from profit taking), and the first trade is to fade the gap at the +.10/+.20
Towards the end of the first minute it hit a high of 59.44 before dropping to 59.31 and closing.
So within the first minute:
- Buy at 59.18
- Sell at 58.98, loss .20
- Buy at 59.18
- Sell at 58.98, loss .20
- Buy at 59.18
- Exit around 59.40, profit .16
- Net loss of -.24
If +/- .20 zone were used, the loss is even greater. Also not taking slippage into account. Four of the first 15 minutes were like this, the rest didn't really have buy triggers. There was no sustained move above the buyzone until 9:44.
Assuming a similar ~.20 loss for each of those four minutes, that's an .80 loss before the gap filled at 9:45 for the 1.00 gain.
So actual profit was around .20.
OR, instead buy at 59.18 ignore builtin stop and hold on for a major move towards the gap?
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TheRumpledOne 6,529 posts msg #68446 - Ignore TheRumpledOne |
10/15/2008 11:14:05 AM
I am SO NOT IMPRESSED. You wasted all that time WAITING for the trade to setup. If you were really any good then you would have at least 3 SQUIGGLY LINE indicators on your chart. I don't care if your simple HORIZONTAL LINES work.
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