kindtrader56
12 posts
msg #100644
- Ignore kindtrader56 |
5/7/2011 2:47:48 PM
TRO
You don't know me but I just want to thank you for your generosity in sharing ideas. I started trading fulltime 2 1/2 years ago when I made a "career change" ( LOL - I was laid off after 25 years). I've read tons of books , put in hundreds of 12 hour days and spent nights and weekends trying to learn how to make a living in the markets. It's been very tough the last couple years but I hang in there.
Bottom line is that while the experts tell you avoid scalping and daytrading, this is what best fits my personality. You are the first trader I have run across that stresses taking small wins throughout the day. If I can average 4-6 $50 dollar wins per day I can make a reasonable living. Why take large risks when you can win the race with slow and steady. Your success has been a great reinforcement to me that I can be successful with this kind of trading. I recently moved to Arizona and I now get up at 5am every morning to trade the opening. Your filters and systems have inspired me to create my own and I want to thank you for your being willing to share.
Hopefully I am going to ultimately be successful and if so, I intend to share whatever I learn with whoever I can help.
Thanks,
Mark
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TheRumpledOne
6,529 posts
msg #100657
- Ignore TheRumpledOne |
5/8/2011 6:48:26 PM
You're welcome, Mark.
Where in AZ? Perhaps we can go see a Dbacks game.
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kindtrader56
12 posts
msg #100660
- Ignore kindtrader56 |
5/8/2011 7:13:32 PM
TRO
I just moved to the North Peoria area. Big time sports fan ! We are really enjoying the Valley.
Mark
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TheRumpledOne
6,529 posts
msg #100667
- Ignore TheRumpledOne
modified |
5/9/2011 4:44:48 PM
Send an email to me (therumpledone gmail) so we can set up a Dbacks game.
I may go to see Atlanta play next week.
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taylorsk
106 posts
msg #100669
- Ignore taylorsk |
5/9/2011 6:56:28 PM
Hey Kindtrader 56.
Pretty much the same boat.....
reduced to part time 4 years ago, released completely jan this year.
TRO's posts really helped me find a method that suited my personality and for that I will be forever greatful.
Maybe I will have to buy a winter place in Arizona!
Enjoy the game boys!
taylorsk
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kindtrader56
12 posts
msg #100678
- Ignore kindtrader56 |
5/10/2011 3:03:15 PM
taylorsk
I've been very fortunate in that I had a nice run for over 20 years. Never made a ton of money but had very steady and challenging work. Married a wonderful women, raised a family and put we have the kids college tuition paid for. All in all, I have been very blessed.
Trading has been a very challenging endeavor. I have not lost very much nor made very much for the last couple years. I continue to work at it and really enjoy TRO's thought process and openness.
Feel free to send me an email anytime if you would like to compare notes.
Take care,
Mark
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sohailmithani
192 posts
msg #100680
- Ignore sohailmithani |
5/10/2011 4:21:39 PM
Hi TRO,
Thanks for sharing your method. Looks very logical and promising.
Would you mind sharing your results of this one so to make us all more confident on using it.
I paper traded DECK (one of the MTC stock) today but seem not to be hitting the target of the 1st trade i.e. fading the gap. I was using 0.1-open and taget exit was 0.3 cents. Should my target be 0.3 or yesterday close whichever is earlier?
Then one negative (long at buy zone i.e. open + 0.1. Got stopped at open + 0.1) and one positive (long at buy zone).
When to stop trading? or should I keep going until make money for the day.
Any advice on how to use this method or am I missing the point.
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taylorsk
106 posts
msg #100685
- Ignore taylorsk |
5/10/2011 11:47:13 PM
Mark,
more than willing to trade emails and notes......
I explained my trading strategy in pretty good detail here:
http://forums.stockfetcher.com/sfforums/?q=view&fid=1001&tid=99249&qrid=
again this is based aot lon TRO's methods....
I did not see your email posted anywhere, but you can find me at
stockfetcherst@aol.com
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TheRumpledOne
6,529 posts
msg #100692
- Ignore TheRumpledOne |
5/11/2011 10:12:21 AM
sohailmithani
Read the thread (again) if you don't understand. The only results that matter to you are YOURS!
Either you make this work for you or you don't. It is all up to you.
Are you sure DECK is a cow?
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sohailmithani
192 posts
msg #100694
- Ignore sohailmithani
modified |
5/11/2011 1:40:35 PM
I will read it again but the thread was also a little confusing so thought to ask the guru himself.
I used the following filter to generate the Cows:
/* TRO MTC CHECKER */
set{ hiop, high - open }
set{ up10, count( hiop > 0.09, 100 ) }
set{ up50, count( hiop > 0.49, 100 ) }
set{ pct1, up50 / up10 }
set{winpct, 100 * pct1 }
add column up10
add column up50
add column winpct
up50 above 79
average volume(90) above 1000000
sort column 7 descending
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