txtrapper
548 posts
msg #31745
- Ignore txtrapper |
4/14/2004 6:35:09 PM
Zuber;
I agree with you 100% on GIGM, also look at EASY,CNLG and CPTH, the 2y/m charts are in accumulation, and them odds are in your favor, as one prominent professional trader put it;
(Quote) Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale "map of the market" provides more visibility and a better long-term perspective on a market. Once the long-term has been established, then consult daily and intra-day charts. A short-term market view alone can often be deceptive. Even if you only trade the very short term, you will do better if you're trading in the same direction as the intermediate and longer term trends. (End of quote)
TxTrapper
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EWZuber
1,373 posts
msg #31751
- Ignore EWZuber |
4/15/2004 1:36:41 AM
TheRumpledOne
In this last post you made more erronous suppositions.
One; that my trading is primarily for pleasure ( thats what a hobby is about ).
That conclusion can not be drawn from what I have told you.
The amount of money one has does not dictate why they trade.
There are more than two choices, ( a hobby or an income stream ).
The second is that now you think you have a handle on the situation.
Also there is no evidence from what I have told you that indicates that I don't put at least as much effort into trading as I do posting.
The negative conclusion you have drawn indicate that I was correct about assuming you are being disingenuous.
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TheRumpledOne
6,529 posts
msg #31780
- Ignore TheRumpledOne |
4/17/2004 10:17:58 PM
Come on EWZuber:
"Also there is no evidence from what I have told you that indicates that I don't put at least as much effort into trading as I do posting.
The negative conclusion you have drawn indicate that I was correct about assuming you are being disingenuous."
Seems like I touched a nerve when my attempt was only to understand why you don't have enough to daytrade.
Even if you only had $500 to trade this week, the way stocks were doubling, tripling and more... seem like you should be well on your way to $25,000!
MAY ALL YOUR FILLS BE COMPLETE.
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gadawgsfan87
2 posts
msg #31786
- Ignore gadawgsfan87 |
4/18/2004 3:18:33 AM
Hi, I'm new to this site and forum and I was wondering what you guys think the best indicator is? I'm trying to make 10% a week on my money, any suggestions please? THanks
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chessnut1
58 posts
msg #31791
- Ignore chessnut1 |
4/18/2004 1:44:46 PM
If I were new and I posted your question, I would be forever grateful to the person who invited me to consider the filters and methods developed in the Stockfetcher group, otherwise known as the Muddy Method group.
Check out http://finance.groups.yahoo.com/group/stockfetcher
--BJ
P.S. I now expect you to be officially and forever grateful to me.
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wamphraywater
58 posts
msg #31794
- Ignore wamphraywater |
4/18/2004 10:26:25 PM
Hi Wallman,
In a post you made 4/12/04 you talked about "MOMO" can you tell me what that is....Thanks
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EWZuber
1,373 posts
msg #31795
- Ignore EWZuber |
4/19/2004 1:10:17 AM
TheRumpledOne
I don't believe you. Your intention wasn't to understand anything it was an attempt at ridicule. You asserted that with 20 round trip trades one should be able to build their portfolio by over 4000% ( from $5,500 to $226,296 ). That is so obviously disingenuous I can hardly believe that you are trying to deny it.
About a year ago you posted that you had over $20K in your trading account. According to your own statistics, you should have at an absolute minimum of $820,000 with 20 round trip trades. And more likely have made well more than 20 round trips.
Say you had only 40 RT trades in an entire year, that is not very many.
This should have netted you about $33 Mill.
I don't want to play your silly games, if you feel the need to ridicule or be have the 'best ever' do it with someone else that has more time to play.
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wallman
299 posts
msg #31796
- Ignore wallman |
4/19/2004 6:51:49 AM
Wamphraywater,what i was referring to in the 4-12 post,MOMO,is Momentum,stocks that are almost always news driven and in some caes just create a feeding frenzy for a day or two but that sometimes can just run insane,going 100% or much more in hours,you can find these stocks by just running a volume increase and/or price increase scan,also a scan for "top gainers" of the day will pick up many coming out of a tight like squeeze,ones i found for Monday to keep an eye on at open to see if they start to run again are ADBL BBII BRVO BYCC CYBS FIND IFUE IPYS MRY MYMX PRAN VCMP VION VSTI, imo this method can be risky and should only be used by experianced traders,once entered they must be watched constantly throughout the day,but with huge reward potential involved many times one can make a weeks profits in a few hours,one must just be really careful ....i took equal positions on 2 momo stocks friday,COPY in at .79 closed out at .73 for an 8% loss which is about as far as i let them go and IPYS entered at .885 sold at 1.07 for a 21% gain
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TheRumpledOne
6,529 posts
msg #31800
- Ignore TheRumpledOne |
4/19/2004 5:31:11 PM
Come on EWZuber.. this is not even close to what I posted
"You asserted that with 20 round trip trades one should be able to build their portfolio by over 4000% ( from $5,500 to $226,296 )."
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TheRumpledOne
6,529 posts
msg #31801
- Ignore TheRumpledOne |
4/19/2004 5:32:27 PM
EWZuber:
You read the chart wrong, after 40 round trips, not 20 ... if you make 10% each time.
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