stocktrader
294 posts
msg #49128
- Ignore stocktrader |
1/10/2007 6:11:30 PM
^^^^^^^
Nothing like CASH in-hand and sleeping soundly at night. Peace of mind.
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corsino
259 posts
msg #49129
- Ignore corsino |
1/10/2007 6:18:51 PM
I'd sell too.The reason I asked was because people write that stock XXXX gained 500% in three days. If it gained 100% the first day, would they have held on to it to gain the other 400% ? I'd guess that a stock that has gained 100% in one day, has a better than 50/50 chance of losing some of it the second day.
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corsino
259 posts
msg #49130
- Ignore corsino |
1/10/2007 6:32:16 PM
Incidentally, the 11-days-down filter is really a variation of the RSI(2)<1 filter. If the RSI(2) filter is changed to about RSI(2)< 0.5, a lot of the same stocks will appear in both filters.
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bloosteak
35 posts
msg #49131
- Ignore bloosteak |
1/10/2007 6:56:39 PM
buy on red/green depends on your trading plan. is it a scalp or a swing trade? what are your stops? profit goals?
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corsino
259 posts
msg #49132
- Ignore corsino |
1/10/2007 7:08:35 PM
bloosteak
Wether it is a scalp or a swing trade depends on the user and the performance of the stock.It is not proposed as a "turnkey" system. Each user should use their own strategy. The main purpose of the filter is to get a list of stocks that have a high probability of gaining in price in the next couple of days.
The only denizen in the 11-day-down filter yesterday was FICC, but it exited today with a (9+ %)gain. Now the nearest stock on the horizon is CBRX.
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bloosteak
35 posts
msg #49135
- Ignore bloosteak |
1/11/2007 3:18:36 AM
you guys are trading on margin? how are your stops set?
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luc1grunt
622 posts
msg #49136
- Ignore luc1grunt |
1/11/2007 7:46:49 AM
stops set....mentally
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wallman
299 posts
msg #49137
- Ignore wallman |
1/11/2007 8:27:55 AM
"What about BHIP?
But do you hold them overnight?"
Holding overnight for me depends on a few things but mainly if a stock is in a huge 1 day breakout like FMDAD was on it's FIRST breakout day AND it held it's gain well into the close of the day,like it did ,I will hold overnight as these very often will gap up on the next open,just like FMDAD did.
I will sell by 10:30 most times as these tend to fade after 30-60 mins after the open.
Many times you can get 20% or more from the stock.
An example today is OBCI that brokeout huge yesterday.
It held good into close considering it was up 200% at one point yesterday.
This I would hold for the expected gap up on todays open and set a MENTAL trailing stop to lock in profits.
Let's see what OBCI does at open.
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wallman
299 posts
msg #49138
- Ignore wallman |
1/11/2007 9:54:25 AM
"Let's see what OBCI does at open."
Another 14% so far.
Might be near end.
Am trailing with 4% mental,gotta let it run,but gotta protect profits here
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wallman
299 posts
msg #49140
- Ignore wallman |
1/11/2007 10:31:46 AM
CTEL momo
In $5 cross,with mental trailer.
Watching for vol surge.
Should hit 6 quick
IF you can watch intraday,HOD lists rock
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