| StockFetcher Forums · Filter Exchange · bollinger bands | << 1 ... 9 10 11 12 13 ... 23 >>Post Follow-up |
| wallman 299 posts msg #26651 - Ignore wallman |
5/29/2003 2:53:37 PM HI RSINGH, if you go back to my 4-30 7:43 post i explain how i feel about "news",i don't follow it about any stock and do not care what any analyst has to say,i just try to trade the matches unemotional and strickly by the rules,whatever play comes up at the time i have an opening,that's what i play..i would bet that if you dug deep enough most of these companies have some bad news somewhere,that's why they are down at the bottom bb's,many at or near there 52 week lows,please understand that this is just my way,i've gotten many quick,big gains like this and am very comfortable with it,if someone is not then this method may not be for them .... take care, MUDDY |
| rsingh 51 posts msg #26652 - Ignore rsingh |
5/29/2003 3:09:18 PM Thanks Muddy for the response. Today is a good example to prove your point. Both APWRE and TMM jumped more than 10% even though with bad news. So I guess I will follow the rules. By the way, it's an awesome filter. You just have to have patience with low volume stocks. Regards, Ravi |
| wallman 299 posts msg #26653 - Ignore wallman |
5/29/2003 3:51:28 PM you are welcome,RSINGH,believe me i know it can be very hard to ignore the news,but after seeing so many of these "bad news" stocks make quick,sharp gains over the past year and a half i came to realize that this method is simply a game of momentum,they will have recent downgrades,we catch them as they start their move up hopefully with our entry method,couple of days later the same analysts upgrade them as they start their climb,but we are already in them ahead of the others at a much better price,then it turns in to the game of supply and demand,when they get near the topp bb,everybody wants in,that's when we are getting ready to take our profits and move on to the next one....GOOD LUCK |
| defghca 150 posts msg #26664 - Ignore defghca |
5/30/2003 6:37:37 PM i have been watching your portfolio on clearstation and i am not sure your stockpicks follow your lbb method , are all your picks based on your method?? and your sellsare triggered by ?? rsi>75, touched ubb, stop 5%?? see ison 5/19 5/29 |
| wallman 299 posts msg #26666 - Ignore wallman |
5/30/2003 7:44:54 PM HI DEFGHA,boy,am i glad somebody asked this ? here's the story,a few weeks back i got an email from someone who went through a hot streak on CS couple of years ago who said that he was sure that members there started playing his picks with real $ and when the stocks had a little pullback,all the nervous guys sold for real as he noticed the stocks would continue to fall what he felt was abnormal,he pulled his picks off and it stopped,so since i had built up a 4 star rating from 1 star in a matter of days,in order to protect myself,friends and you folks on SF i pulled all 40 off,replacing them with $1-$2 stocks that i knew had good candle patterns BUT not our bb method,in days again i dropped to a 1 star so i felt that in a couple weeks it would be safe to start adding them again,every pick from 5-23 and moving up starting with IFX is a bb method match,it looks like right now they are 27 for 30,the port with all bb picks made the top 40(from what i've heard about 2500-3000 open ports) in 6 weeks,ive read that it usually takes a good trader/method 2-3years to get there,i've gone from 38th to 10th just in the past week by adding a few picks a day....since i manage my real acct and 4 others for friends i do not have time during the day to mess with it,so i just punch em in the night before with no idea of a green open and do not use stops as they often times don't trip out on CS anyway,i left the last batch on 4 weeks and started replacing with fresh ones ......MUDDY |
| rrochon 117 posts msg #26709 - Ignore rrochon |
6/2/2003 6:09:33 PM Muddy, How do you trade at 8:40 when the charts are 20 minute delay and do not show any trades until 8:50? Or do you just go by the real time quotes, and figure it is green if it opens above the previous close? Do you know of a free charting service that gives real time charts? Dick |
| wallman 299 posts msg #26710 - Ignore wallman |
6/2/2003 6:46:03 PM HI DICK, i believe you meant trade at 9:40,any brokerage account you trade in will give realtime quotes,the one i use and i think a few others have just a $500 minimum to open,.....freerealtime.com used to give realtime quotes for just registering free but they may have stopped since i last checked,i know of no one else.......MUDDY |
| rrochon 117 posts msg #26713 - Ignore rrochon |
6/2/2003 10:49:34 PM Hi, Muddy. Yes, my brokerage, Interactive Brokers, does have continous real time quotes, but the charts are 20 minute delayed, so by the time the green volume bar shows it is 20 minutes after it happened. But I guess, the term, "in the green" did not refer to the volume bar, as I thought. So, tonight the screen brought up ABGX with almost 8 million shares traded and IGL with over 2 million. Without re-reading all of the posts to find the buy target, was it above the close, or above today's high? Thanks, Dick |
| rmoseley 6 posts msg #26753 - Ignore rmoseley |
6/6/2003 11:38:22 AM Muddy I just started, I have read most of you posts but could'nt wait to get started, your filter brought up agbx, so i bought 5 10$ oct calls for 1.35 and sold them for $4.40 this morning- i cant wait untill monday and try something else thanks for the help and the 2000.00 profit in one day i really think your on to something- well time to go through every post in case i missed something-again thanks for sharing Bob |
| todddunning 31 posts msg #26758 - Ignore todddunning |
6/6/2003 2:28:49 PM Muddy, I either did something wrong or right, depending on how I interpreted the now-famous Muddy Method. Bert was kind enough to send his summary document of all your great posts. So I dived into my first Muddy trade. This morning (Fri Jun 6) the filter returned ENI, CKC, MCEL and RNBO. ENI opened green and ranked the highest so I waited all morning to look for support, as the indexes were diving. The basic rules and tenets I applied from your posts were: open green; 3 days down; tail; recent volume buildup. I bought ENI at $4.55 midday but now am down 1.1%, with a 4% stop at $4.32. My big source of confusion (and others can help me here) is the chart frequency of indicators mentioned. Since they are completely different at different frequencies, saying "bb bottom" as an entry point means zip to me. All day long I've hit the Williams%R +0 exit at 1 min chart frequency, but then not at all at 10 mins. It could be my charting package is too good. For anyone who needs the best, get Medved Quote Tracker. It's free and just as awesome as StockFetcher. |
| StockFetcher Forums · Filter Exchange · bollinger bands | << 1 ... 9 10 11 12 13 ... 23 >>Post Follow-up |
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