Sqwii
160 posts
msg #68041
- Ignore Sqwii |
10/4/2008 7:27:35 AM
1. If a stock is priced 20$ and then falls 20% would it mostly often be the BEST choice to BUY the stock when it FALLS 20% or should you wait to see some strength the next day (if it goes up 5% again next day) they you should buy and go in?
Because sometimes if a stock falls 20% it could fall 20% more the next day...
What would you do? I am not sure about what is the best strategy to go IN a stock when you see some strenght.. because maybe the stock fell down from 10 to 5 in 1 week and then it is showing some strength to 6 and then you buy at 6 level or should you just buy the stock when it falls to 5 and try to get it cheapest at the bottom ?
Thanks
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seanban
22 posts
msg #68043
- Ignore seanban |
10/4/2008 7:48:43 AM
Very dangerous to enter with some confirmation that the down trend is (probably) over. Before trading, I suggest you read some books (Elder, Pring and many more) on this matter and follow some posts from TRO and others here.
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chetron
2,817 posts
msg #68044
- Ignore chetron |
10/4/2008 7:54:14 AM
I ENJOYED READING THIS
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chetron
2,817 posts
msg #68045
- Ignore chetron |
10/4/2008 7:58:17 AM
THIS IS PART 3, BUT HAS THE LINKS TO PARTS 1 AND 2, GOOD STUFF CHEAP
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Sqwii
160 posts
msg #68047
- Ignore Sqwii |
10/4/2008 8:38:01 AM
chetron looks nice
Want you to look at this filter ? What do you think?
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Sqwii
160 posts
msg #68048
- Ignore Sqwii |
10/4/2008 8:50:17 AM
Or how about this chetron which one do you like most ?
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johnpaulca
12,036 posts
msg #68049
- Ignore johnpaulca |
10/4/2008 2:13:51 PM
My advise to newbies is buy when moving off of major support, like ma, 20,50 or 200. My favorite is ema(100), I look for wide range bars crossing this moving average then I wait for a retest, meaning I want to see ema(100) as support. This is a great place for swing traders to enter. Look for increased volume on the break above ema(100). I think it's very risky for newbies to go bottom fishing, you have to be very skilled or you will be eaten alive very quicklyand ultimately out of the game. The trick is to find something that works consistently not just a one day wonder...good luck.
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johnpaulca
12,036 posts
msg #68050
- Ignore johnpaulca |
10/4/2008 2:31:43 PM
EMA(100): This filer would help, I have added Avery stat filter, the rest was pieced together from the filter GURUS on this site.
I enter only those stocks coming from below, with the exception of those that have corrected from above and holiday around the ema(100) for some time before resuming it's trend.
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TheRumpledOne
6,411 posts
msg #68058
- Ignore TheRumpledOne |
10/4/2008 6:12:29 PM
Some of that code sure looks familiar!!
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chetron
2,817 posts
msg #68063
- Ignore chetron |
10/4/2008 7:26:29 PM
YA, I SEE MY "ADD COLUMN SEPARATOR" IN THERE. LOL.
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