maxreturn
745 posts
msg #67175
- Ignore maxreturn |
9/11/2008 2:42:06 PM
JP, I must admit that up until I saw your post I really didn't have much interest in trying to trade this technique but now I do for two reasons: 1) I respect the work you've done and the results you've been able to accomplish. If this works for you I'm sure it must have merit. 2) Even though this is day trading strategy I believe it's something I can still implement even though I have a full time job.
Would you mind going into a little more detail about how you actually decide which stocks to trade and when using these statistics and how you actually implement the trades?
Best Regards
Max
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johnpaulca
12,036 posts
msg #67179
- Ignore johnpaulca |
9/11/2008 4:18:13 PM
Max: I didn't use any filters. Tro said he trades these two stocks so I did the same...hell who am I to argue(O:
I wait for the market to open and place my trade: gap up = go short , gap down = go long, it's that simple. I have been lucky because all week the gaps were filled. I just sold ABK@7.05...entered at 6.40. I bought 5000 shares, that's $3250 and just on one stock. RDN got filled quickly came away with 33 cents or $1650. This style requires more time management (at least for me). I still love to swing trade because of work, I can't be glued to my monitors.
I tried TWM and did great today. Try paper trading for a week until you get the hang of it, I think you'll like it bro...cheers.
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TheRumpledOne
6,411 posts
msg #67201
- Ignore TheRumpledOne |
9/12/2008 1:46:26 AM
Funny, you are using the FADE THE GAP technique on RUN FOREST, RUN stocks.
I find it very interesting that some people can't see the merit in this time tested method until others give it their "blessing". I guess there are shepherds and there are SHEEP!
I'M A WOLF!
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mystiq
650 posts
msg #67204
- Ignore mystiq |
9/12/2008 4:46:21 AM
jp-
...do you think this can work with options on ABK or RDN ?
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maxreturn
745 posts
msg #67221
- Ignore maxreturn
modified |
9/12/2008 10:47:21 AM
TRO....Although I'm doing quite well with my swing trading strategy (due to day job) I've had my eye on this and other threads for a while because I was intrigued by the concept of allocating a portion of my portfolio into a high probability day trading method to rapidly compound gains. However, up until I saw JP's post I really hadn't drilled down into the postings to get into the nitty gritty of entry and exit. What prompted me to do so is that he is one of the few posters here I really respect because he has not only documented many of his trades (and seems to be quite successful) but he also conducts himself in a cordial, professional manner. If thoroughly investigating a method and seeking clarity before jumping in with both feet qualifies me as a sheep, so be it.
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johnpaulca
12,036 posts
msg #67222
- Ignore johnpaulca |
9/12/2008 10:58:11 AM
Max...you're a class act bro...thanks for the kind words...you must be Canadian (-:
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maxreturn
745 posts
msg #67224
- Ignore maxreturn |
9/12/2008 11:07:00 AM
JP....I guess you could say I'm 75% Canadian. I'm don't live in Canada but: 1) I'm a Michigander (close eh?) 2) I love hockey (GO WINGS!) 3) I love canadian beer. Have a great weekend!
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chetron
2,817 posts
msg #67227
- Ignore chetron |
9/12/2008 11:16:50 AM
I GUESS THAT LEAVE JP AS THE SHEPARD????????? LOL.
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johnpaulca
12,036 posts
msg #67230
- Ignore johnpaulca |
9/12/2008 11:49:46 AM
Go wolverines....You guys have a super weekend...eh...I am done for the day.
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tmaugham
115 posts
msg #67473
- Ignore tmaugham |
9/18/2008 9:36:44 PM
TRO, when dealing with your lactating bovines, do you consider or use the early and late market hours or just the regular 9:30-4:00 (EST) hours?
Thanks,
Tom
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