Hdg4370
1 posts
msg #61765
- Ignore Hdg4370 |
4/24/2008 7:56:27 AM
Chip and TRO,
As a fairly new investor who is recently retired and need to supplement our retirement income with short term trading, I would greatly appreciate learning more about your system. If either one of you would be interested in mentoring someone who is eager and willing to listen and learn, please respond to Hdg4370@aol.com.
Regards,
David
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TheRumpledOne
6,411 posts
msg #61781
- Ignore TheRumpledOne |
4/24/2008 1:20:58 PM
Anyone trade SPF today?
I left a large tip on the table.
But still made my 2% in less than a day.
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chip
67 posts
msg #61804
- Ignore chip |
4/25/2008 9:06:26 AM
I did, and made 1%.
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TheRumpledOne
6,411 posts
msg #61844
- Ignore TheRumpledOne |
4/25/2008 7:54:16 PM
SPF:
Prev Close: 5.34
Open: 5.46
Low 5.17 High 5.57
Last Trade: 5.38
Over night hold gave a dime pop (2%).
Have to love SPF's statistics!!
Bounce off low over 30 cents (6%)
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TheRumpledOne
6,411 posts
msg #61945
- Ignore TheRumpledOne |
4/29/2008 6:58:52 PM
SPF just giving up nickels, dimes and quarters... depending on your entry.
Not exciting, just profitable.
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springhill
74 posts
msg #61974
- Ignore springhill |
4/30/2008 12:42:13 PM
Chip or Avrey
I have been following your thread here since it started. I can see the logic in following / trading one or two stocks. I have chosen SPF and BQI as possible trade candidates.
I have run the stats scan that TRO has here and it is great for picking stocks that have the potential to move.
In watching them my problem is evidently same as Chips. When do you place the buy? What do you look for as the signal or whatever to decide it is time to go ahead? Do you use 1 min, 5 min or what time interval to look for the entry?
I have been messing in the market for 10 years and never really did any good. Chips thread here intrigued me and so I dug into what I could find here on SF.
Any suggestions or insight would be appreciated.
Frank
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miketranz
961 posts
msg #61997
- Ignore miketranz |
4/30/2008 6:04:12 PM
Good questions Springhill.I'd like the details so I could put some $$$ to work with this method.Avery?????
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TheRumpledOne
6,411 posts
msg #62020
- Ignore TheRumpledOne |
5/1/2008 3:54:46 PM
I use a 30 minute chart to trade SPF.
Why 30 min? Because the BIG BOYS usuallly reverse direction on the 1/2 hour.
Just trade with the candle color. Looks simple, sounds simple and it is simple UNLESS you complicate matters.
Indicators? Just HORIZONTAL LINES on my trading chart:
PREVIOUS CLOSE
OPEN
HIGH
LOW
PREVIOUS DAY'S MIDPOINT
CURRENT DAY'S MIDPOINT
I buy at x.x0 or x.x5 and sell for a nickel or more. Sometimes I'll hold overnight. I also will average down.
The trick is NOT TO BE GREEDY. A nickel on a $5 stock is 1 percent.
Do that once a day and you more than double your money in a year. Get rich slow and steady.
Today SPF open $5.06 and High $5.33 Low $4.99 (so far).
DON'T MAKE THIS COMPLICATED!!
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springhill
74 posts
msg #62042
- Ignore springhill |
5/1/2008 11:37:02 PM
Hi TRO,
Thank you kindly for the reply to my inquiry. I looked at SPF for the day in 30 mins and I see what you are talking about. WIll work with it on some stocks tomorrow.
Thanks Again
springhill - Frank
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TheRumpledOne
6,411 posts
msg #62043
- Ignore TheRumpledOne |
5/2/2008 1:35:46 AM
For this style of trading use the TRO STATS filter I posted.
The main idea is to be able to make 1% or more on your money each trade.
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