TheRumpledOne
6,529 posts
msg #61049
- Ignore TheRumpledOne
modified |
4/3/2008 5:37:54 PM
Max:
I taught Chip how to use the BLACK BELT TRADING method that I have posted for FREE along with other methods that I have posted for FREE.
When a trader only trades ONE STOCK, it is easier to identify the trading opportunities. All you have to do is watch, wait and react. It's the reaction part that Chip is struggling with at the moment. Too much second guessing as the trade passes him by.
SPF was identified by the RUN FOREST, RUN filter as one of the best stocks to trade under $10. You get at least one 10% pop almost every week. All you have to do is be ready to enter the trade.
How many people are making 10% a week on their trades?
Chip will be first to tell you that I have not SPOON FED him. He has had to dig for the gold. I just poiint him in a certain direction and if he wanders too far off the path, a 2x4 upside his head gets him back on the path...lol
Most of the time when Chip asks a question, I make him answer it. That way when he understands, he really understands. Chip is now making money on a regular recurring basis which IS the point of trading. Chip would make a lot more if he wasn't such a NERVOUS NELLIE...LOL!
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maxreturn
745 posts
msg #61055
- Ignore maxreturn |
4/3/2008 8:21:54 PM
Thx TRO and Chip. Due to the fact that I have a day job I've restricted myself to swing trading stocks off the daily charts. I've enjoyed good success but ran into a bit of a rough stretch with all the market volatility the last couple of months. I must admit TRO that your approach has a lot of appeal. Basically high percentage trades using a hit and run approach. I'd love to diversify a bit and incorporate some of your strategies but as I understand it your methods require intraday monitoring? This would be difficult for me to do right now due to my day job. Still, thanks for your contributions!
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TheRumpledOne
6,529 posts
msg #61068
- Ignore TheRumpledOne |
4/3/2008 11:29:42 PM
The Black Belt Trading Strategy can be implemented EOD or BOD when the market is closed.
You plan your entry/exits ahead of time.
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TheRumpledOne
6,529 posts
msg #61073
- Ignore TheRumpledOne
modified |
4/4/2008 7:33:18 AM
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chip
67 posts
msg #61075
- Ignore chip |
4/4/2008 10:08:29 AM
Another winner this morning. 5.96 - 6.05 +$80. Not bad for 6 minutes work.
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TheRumpledOne
6,529 posts
msg #61077
- Ignore TheRumpledOne |
4/4/2008 10:32:36 AM
$80 * 5 = $400 / week
$400 * 50 = $20,000 / year
Not bad for part time.
You can use that money to buy gasoline...LOL!
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chip
67 posts
msg #61083
- Ignore chip |
4/4/2008 12:17:45 PM
There went another one, 5.95 - 6.02 -- +$60
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maxreturn
745 posts
msg #61093
- Ignore maxreturn |
4/4/2008 2:08:54 PM
Way to go Chip. Keep er goin!
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chip
67 posts
msg #61102
- Ignore chip |
4/4/2008 4:24:39 PM
I just ran the history report for this week -- trading only 1000 shares of a $5 stock, I made $644 in just this past week. TRO ROCKS!
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johnpaulca
12,036 posts
msg #61105
- Ignore johnpaulca |
4/4/2008 4:56:19 PM
nice trade Chip.
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