EWZuber
1,373 posts
msg #30225
- Ignore EWZuber |
12/8/2003 10:26:54 AM
mika
There is method to the madness. If you had 10 positions and one cratered overnight by ( -50% ) you would lose a max of 5% of your capitol. That seems to be an easily survivable loss.
I don't think the solution needs to be complicated to make sense.
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TheRumpledOne
6,411 posts
msg #30226
- Ignore TheRumpledOne |
12/8/2003 11:17:23 AM
Mika... go to the website and look there... should clear things up... posting here loses the formatting.. that's why I included the link.
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knowsenough
54 posts
msg #30227
- Ignore knowsenough |
12/8/2003 12:27:13 PM
Mika, FWIW.........
I follow a 1/5 total account value on any one trade when starting out w/very limited capital. Yes, that's a bit risky, but if you did the DD correctly you should be able to hit a winner in one of three trades to cover any small stop losses (stops should be used in early trading till experience fades there need).You then get to the 1/10th of total equity (std. max. trade amount) as you build enough equity that you can complete the same style of trades (stock price/amount) that you did when you were at 1/5th. As the account equity builds you maintain that 1/10th on any one trade, just increasing your shares per trade amount...thus raising your profit potential. This will keep you in the game. I also like buying a basket of picks (3 usually) at one time that look the most promising, and then discard what fails immediately. Two 5% losses will be easy to stomach with one 20%+ winner. JMHO
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TheRumpledOne
6,411 posts
msg #30228
- Ignore TheRumpledOne |
12/8/2003 12:51:24 PM
Beginners should NOT be attempting to manage a basket of stocks... too much can happen too quickly.
Pick ONE stock. Learn how it trades. Trade it over and over.
Learn to read the overall market. When the market is peaking sell your shares. Wait for the market to drop. Then buy the same stock back, more shares and compound your money.
Pick a good trading stock like FNSR, SONS, EXTR, etc... and you can rake it in month after month after month.
Just use RSI(2) to show you the peaks and valleys. Works like a charm.
This is simple. Don't complicate it.
MAY ALL YOUR FILLS BE COMPLETE.
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knowsenough
54 posts
msg #30229
- Ignore knowsenough |
12/8/2003 2:03:58 PM
Forums are all alike.....
Always some lurking "expert" ready to correct anything they deem inappropriate. Thought this was a money-management thread and not a channeling stock trading one. Probably why you replied so quickly though, as you have so much free time waiting for that "one" stock to provide a new entry. How many days/weeks has it been this time? Better hurry, I see FNSR is failing to perform this time on your "end-all" indicator......LOL
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EWZuber
1,373 posts
msg #30231
- Ignore EWZuber |
12/8/2003 4:27:10 PM
risjr
KRY is has moved up about as expected so far. Hitting up against resistance at the trendline @ $2.93 & bouncing down.
What surprised me though is that the stock did not sell off when it became overbought on the hourly chart. Instead it is trying to form a base around $2.78. With Hourly chart Stochastics now oversold, looks like it will be ready to move higher tomorrow morning. JMHO
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risjr
229 posts
msg #30232
- Ignore risjr |
12/8/2003 7:17:08 PM
EW
Daily stats still look good, probably good for another day
Ron
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risjr
229 posts
msg #30233
- Ignore risjr |
12/8/2003 7:20:38 PM
Also
Daily MACD is increasing, and getting ready to cross as well. and 14,3 daily stoch look good too
Only apparent downside is the volume, about average, so it could be running out of gas.
Ron
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TheRumpledOne
6,411 posts
msg #30234
- Ignore TheRumpledOne |
12/8/2003 7:57:43 PM
knowsenough 12/8/2003 2:03:58 PM
Forums are all alike.....
Always some lurking "expert" ready to correct anything they deem inappropriate. Thought this was a money-management thread and not a channeling stock trading one. Probably why you replied so quickly though, as you have so much free time waiting for that "one" stock to provide a new entry. How many days/weeks has it been this time? Better hurry, I see FNSR is failing to perform this time on your "end-all" indicator......LOL
LOL... FNSR gave up some good scalps today! 2% or more!
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TheRumpledOne
6,411 posts
msg #30236
- Ignore TheRumpledOne |
12/8/2003 8:03:40 PM
knowsenough:
Did you know enough to buy SBAC today?
RSI(2) worked like a charm on that pick... the quick took over 10% in a day...lol
Yes, I am just a "One Trick Pony" but the trick just keeps on working over and over and over again...
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