cwn6161
40 posts
msg #89193
- Ignore cwn6161 |
3/5/2010 10:35:10 PM
The Buy Zone is for all day. It never moves though, so if a stock fades early, you may never get another trade in.
The stats are based on a one-time event for the entire day, one for shot and one for long.
For example, if you see a stock with a 80% chance to move .5+ after moving .1, that means that out of 100 days, 80 days had that event occur, at LEAST once. Maybe more, maybe not. Stockfetcher doesn't record intraday activity.
Keep that in mind when entering - its not everytime that stock moves that you see the response, but it's very likely the move will happen once during the day.
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cwn6161
40 posts
msg #89273
- Ignore cwn6161 |
3/8/2010 2:52:12 PM
For those who have used this for some time, what are some good exit methods, to learn how a stock works while still making some profit? I have a few ideas, but I don't want to be switching back and forth between them , as I don't think thats really following a system.
1) Start by scalping .05-.1 moves. Each week, move the amount up as you get used to the stock's daily ebb and flow.
2) Be strict, and take a hard profit when the stock move .5 (this would result in 30-40 cents of profit when entering at the right buyzone)
3) Take profit at tiered levels as the stock moves. For example, if it moves 15 cents from your entry, move the stop to breakeven. If it then moves 30 cents from entry, move the exit to 15 cent profit. Like a trailing stop, but only at certain values.
4) Scale out after a certain profit level, leave the rest in to ride.
I figure those who have been at this for a bit can give some advice.
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cwn6161
40 posts
msg #89787
- Ignore cwn6161 |
3/17/2010 12:16:24 PM
Been missusing this system, so I decided to come back and re-read the thread, and go back to 100 share size.
Stopped out of AAPL on the short this morning, no chance to re-short it yet.
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stratiG
147 posts
msg #89795
- Ignore stratiG |
3/17/2010 2:34:55 PM
Did you get it? Tanking nice.
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cwn6161
40 posts
msg #89798
- Ignore cwn6161 |
3/17/2010 3:48:26 PM
I didn't. I only trade until 11 AM - can only watch the charts for so long before I actually have to do work at my day job.
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cwn6161
40 posts
msg #89830
- Ignore cwn6161 |
3/18/2010 9:46:04 AM
That chop in AAPL this morning wasn't very nice...
TRO, GS - is there a gap size you won't trade? For instance, AAPL's gap was a mere 2 cents... which seems to make things very choppy as the buyzone immediately works in both directions.
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stratiG
147 posts
msg #89838
- Ignore stratiG |
3/18/2010 12:44:33 PM
cwn6161
- Ignore cwn6161 3/18/2010 9:46:04 AM
That chop in AAPL this morning wasn't very nice...
TRO, GS - is there a gap size you won't trade? For instance, AAPL's gap was a mere 2 cents... which seems to make things very choppy as the buyzone immediately works in both directions.
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Did you have a gap up or down today on AAPL? I have AAPL gap up .13 cents. To answer your question, I typically make my first trade towards the gap > .10 cents.
GS
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cwn6161
40 posts
msg #89841
- Ignore cwn6161 |
3/18/2010 2:48:39 PM
My data says...
previous close - 224.12
today's open - 224.10
I'm using Lightspeed's platform.
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stratiG
147 posts
msg #89845
- Ignore stratiG |
3/18/2010 3:39:10 PM
I have AAPL as:
OPEN 224.20
P. CLOSE 224.07
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cwn6161
40 posts
msg #89847
- Ignore cwn6161 |
3/18/2010 3:43:33 PM
Interesting. Though even with that, I think there would still be some back and forth trading. How do you handle that? Just grind through it knowing the system will work?
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