TheRumpledOne
6,411 posts
msg #61338
- Ignore TheRumpledOne |
4/11/2008 12:25:10 AM
Klynn:
Please leave me alone.
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klynn55
747 posts
msg #61343
- Ignore klynn55 |
4/11/2008 2:18:37 AM
Tro: i slap when slapped and kiss when kissed! Just the way i am!
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TheRumpledOne
6,411 posts
msg #61451
- Ignore TheRumpledOne |
4/14/2008 8:44:06 AM
Klynn, I am NOT interested in what you do in the bedroom.
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TheRumpledOne
6,411 posts
msg #61452
- Ignore TheRumpledOne
modified |
4/14/2008 8:45:00 AM
04/11/08 RIMM RSI(2) = 22.08, close = 115.80
Let's see if RIMM gives us a POP today.
7 minutes after the open... RIMM open 115.95, High 116.48
Let's see, $.50 times 1,000 equals $500
2:52 PM EST RIMM High of day 117.15
I guess when RIMM's DAILY RSI(2) < 25 it's just a fluke that it usually pops the next day.
Anyone taking advantage?
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drew9
171 posts
msg #61487
- Ignore drew9 |
4/14/2008 10:36:05 PM
TRO, how much latitude are you giving this? It obviously fluctuates a lot during the day. When would you sell out if it does not appear to be moving your way. I love this option but only a few large 3-5% stops being hit can ruin many days of 50 cent profits. I was trying to further optimize this by buying only if up a the open or above yesterday's close but it still does not appear to improve the odds. Also, are you just taking the 50 cents or trying to trail for further gains?
Drew
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TheRumpledOne
6,411 posts
msg #61489
- Ignore TheRumpledOne |
4/15/2008 12:53:19 AM
Drew:
You take what you can get.
Nice thing is the way RIMM goes up/down all day, you usually get more than one chance.
RIMM likes to close the gap, so the first trade is usually a FADE THE GAP trade.
There is no reason to lose 3% - 5% on a stock like RIMM during normal trading.
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maxreturn
745 posts
msg #61495
- Ignore maxreturn |
4/15/2008 10:24:42 AM
TRO....just to clarify you're saying that you do not put a trailing stop in the market and you take profit at a predetermined level?
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drew9
171 posts
msg #61503
- Ignore drew9 |
4/15/2008 3:13:59 PM
TRO, my issue is that I do not trade for a living yet. I have automated trading software that allows me to buy at whatever level and take profits, trail profits and set stop losses accordingly. I prefer to take the emotions out of it. However, not being able to watch this all day means a stop loss is needed. Just wondered how you were doing it. I certainly like the percentages here but you have to account for those few losers and the question is how much to allow?
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TheRumpledOne
6,411 posts
msg #61504
- Ignore TheRumpledOne |
4/15/2008 3:51:31 PM
4/14/08 RIMM DAILY RSI(2) = 19.47
4/15/08 RIMM OPEN 116.59, HIGH 117.24
Another $.50 pop.
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TheRumpledOne
6,411 posts
msg #61505
- Ignore TheRumpledOne |
4/15/2008 3:52:57 PM
maxreturn
TRO....just to clarify you're saying that you do not put a trailing stop in the market and you take profit at a predetermined level?
==================================================
NO TRAILING STOP. I look to take a dime or more. 1000 shares times $.10 = $100 GP
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