| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 38 39 40 41 42 ... 105 >>Post Follow-up |
| SFMc01 358 posts msg #70217 - Ignore SFMc01 |
12/31/2008 7:42:09 AM TRO: I love the concept of trading only one stock ... in this case APPL ... but, honestly, I don't have a comfortable feeling of when to initiate the trade or when to get out. Respectfully, using your posted chart of Appl for 12/29/08, at what time would you have sold short and when would you have BoughtToCover? Notice that Appl initially went up .. not down then turned down and decreased past the Open of the day ... turned back up again ... and eventually filled the gap. I would have probably been very uncertain about when to get out. Would you kindly share some of the thoughts you had as you were watching Appl on that day? Thanks ... Steve |
| TheRumpledOne 6,529 posts msg #70236 - Ignore TheRumpledOne |
12/31/2008 10:12:15 AM Traders, don't complicate this!! IT IS SIMPLE!! If AAPL GAPS UP, then you SHORT everytime AAPL enters the SHORT ZONE from ABOVE. ( If price moves UP into the SHORT ZONE, you just wait.) You take whatever profit you can get. Sometimes, nickels and dimes. Sometimes, quarters and dollars. After the gap fills. THEN AND ONLY THEN can you use both the LONG and SHORT triggers. |
| mjg300 8 posts msg #70237 - Ignore mjg300 modified |
12/31/2008 10:20:27 AM Shorted SRS at 9:57 this morning for a quick thousand dollars in 11 minutes using the Buy Zone - Milk The Cow method. This IS simple stuff, you just gotta be ready at the trigger and get what you can and not dawdle around waiting for more. Thanks TRO! ...btw, SRS is a MONSTER...be careful out there! |
| TheRumpledOne 6,529 posts msg #70238 - Ignore TheRumpledOne |
12/31/2008 10:22:56 AM
AAPL GAPPED DOWN ... that means LONG TRADES ONLY until gap fills. Price entered BUY ZONE at OPEN + .10 - GO LONG Take profit when you can. AAPL filled the GAP, so now you can go SHORT if price enters the SHORT ZONE at OPEN - .10 That's all there is to it. SIMPLE. |
| TheRumpledOne 6,529 posts msg #70239 - Ignore TheRumpledOne modified |
12/31/2008 10:24:57 AM
mjg300: SRS is a COW!! Nice find, nice trading. Perhaps you can answer the others' questions since you seem to understand. Thanks. |
| TheRumpledOne 6,529 posts msg #70240 - Ignore TheRumpledOne |
12/31/2008 10:34:34 AM
RIMM GAPPED UP - SO ONLY SHORT TRADES UNTIL GAP FILLS. PRICE NEVER TOUCHED SHORT TRIGGER - SO NO TRADE YET |
| mjg300 8 posts msg #70241 - Ignore mjg300 modified |
12/31/2008 10:35:25 AM Nice TEACHING, TRO. Thanks again, for a truly stunningly SIMPLE trading method. Mike |
| SFMc01 358 posts msg #70243 - Ignore SFMc01 |
12/31/2008 11:14:26 AM TRO Thank you thank you. I had interpreted something you had said elsewhere as to not use the long and short zones at all until after the gap had been filled. Steve |
| TheRumpledOne 6,529 posts msg #70244 - Ignore TheRumpledOne |
12/31/2008 11:17:38 AM I don't know where you got that idea?!??!?!?!? The idea is to use the FADE THE GAP STATISTICS along with the BUY ZONE, to have a winning edge that Vegas would kill for!! The FIRST trade of the day is always FADING THE GAP when price enters the zone, ALWAYS!!! And you never trade counter to the FADE until the gap has filled, ALWAYS!!! Does that make it CRYSTAL CLEAR? |
| TheRumpledOne 6,529 posts msg #70246 - Ignore TheRumpledOne |
12/31/2008 11:20:24 AM
Do you see how many gaps filled? Do you see how much you could have made? (Hint: look at the GAP FILL COLUMN) The HiOp column is HIGH - OPEN. The OpLo column is OPEN - LOW. Do you see how much you can make using the BUY ZONE to MILK THE COWS? |
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