johnpaulca 12,036 posts msg #81923 - Ignore johnpaulca |
10/28/2009 8:45:05 AM
I have to unload by EOD, earnings tomorrow before market.
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Eman93 4,750 posts msg #81969 - Ignore Eman93 |
10/28/2009 5:51:00 PM
I am breaking all my rules getting killed on ELON down a buck......
I bought SDS on the AM pull back and had a small TZA trade from yesterday but did not buy enough to hedge my longs.......
Not looking good for the Bulls.......
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Eman93 4,750 posts msg #81977 - Ignore Eman93 modified |
10/28/2009 7:04:03 PM
Back in the Vortex of Death........LOL
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Eman93 4,750 posts msg #81979 - Ignore Eman93 modified |
10/28/2009 7:37:49 PM
The Stock game is easy the battel within yourself is hard.......... I have a hard time beliving in myself and sticking to my trades....yes you need to admit when you are wrong but its so easy if I could only let it be...... hind sight is 20/20 doing the right thing at the right time with out blinking is tough......... thats the only part to master.
Jordan says he is winner because he is not afraid of failure.....keep shooting.
New Rules for my trades........
1. Never lose money
2. Never chase a stock that is up, wait for a pull back.
3. know your exit and dont change it....use hard stops.... I cant do enough DD to hold a stock because I belive in the company or some BS rag or the net..... the market always tells the truth if you are wrong you are wrong.
4. Go Long only if oversold
5. Only go short if overbought
6. Trade 50% in index etfs.. long or short....only the strongest setups to start a swing....use the 3 keys must line up.
7. Trade 10% in POS spec plays
8. Keep the rest in cash
9. Never give up.... its so easy a rat could do it... this is a map to the cheese.
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Eman93 4,750 posts msg #81986 - Ignore Eman93 |
10/28/2009 11:00:20 PM
OK the 3 keys to a good swing........ oversold or overbought........ a cross of the 0 line on CMO(5)..... and a MACD cross
Place larger trades when these are presented.
When not in the oversold or overbought but still get a 3 key signal trade a smaller size.
Stops should be previous bar high and low.... buy the open of the signal day.
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Eman93 4,750 posts msg #81987 - Ignore Eman93 modified |
10/28/2009 11:24:50 PM
Trading is a lot like fishing......... and I like to fish.
I have an older friend he is one of the best fishermen I know, great technique, knows where to hunt. He use to fish all summer long.......... you know what, now he only fishes once a year... in the spring when the water is just the right temp... about 2 or 3 weeks long when the Bass are on the beds..... its easy pickens. He always loads the boat with lunkers, he says the rest of the summer is just a waste of time.
Rule 10
Relax let the trade come to you.... dont force the issue....
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Eman93 4,750 posts msg #81990 - Ignore Eman93 |
10/29/2009 12:37:17 AM
Looking over sold here CMO(5) needs to turn up. Watch SPX for support at 1040 could be the Doji zone.
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chetron 2,817 posts msg #81992 - Ignore chetron |
10/29/2009 6:46:31 AM
THANX, E
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mystiq 650 posts msg #81995 - Ignore mystiq |
10/29/2009 8:00:20 AM
?does anyone see any advantage of using:?
draw price line at PP
draw price line at PP 3 days ago
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Eman93 4,750 posts msg #82060 - Ignore Eman93 |
10/29/2009 6:51:16 PM
mystiq
- Ignore mystiq 10/29/2009 8:00:20 AM
?does anyone see any advantage of using:?
draw price line at PP
draw price line at PP 3 days ago
================================
never tried it.....
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