kindtrader56 12 posts msg #100678 - Ignore kindtrader56 |
5/10/2011 3:03:15 PM
taylorsk
I've been very fortunate in that I had a nice run for over 20 years. Never made a ton of money but had very steady and challenging work. Married a wonderful women, raised a family and put we have the kids college tuition paid for. All in all, I have been very blessed.
Trading has been a very challenging endeavor. I have not lost very much nor made very much for the last couple years. I continue to work at it and really enjoy TRO's thought process and openness.
Feel free to send me an email anytime if you would like to compare notes.
Take care,
Mark
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sohailmithani 192 posts msg #100680 - Ignore sohailmithani |
5/10/2011 4:21:39 PM
Hi TRO,
Thanks for sharing your method. Looks very logical and promising.
Would you mind sharing your results of this one so to make us all more confident on using it.
I paper traded DECK (one of the MTC stock) today but seem not to be hitting the target of the 1st trade i.e. fading the gap. I was using 0.1-open and taget exit was 0.3 cents. Should my target be 0.3 or yesterday close whichever is earlier?
Then one negative (long at buy zone i.e. open + 0.1. Got stopped at open + 0.1) and one positive (long at buy zone).
When to stop trading? or should I keep going until make money for the day.
Any advice on how to use this method or am I missing the point.
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taylorsk 106 posts msg #100685 - Ignore taylorsk |
5/10/2011 11:47:13 PM
Mark,
more than willing to trade emails and notes......
I explained my trading strategy in pretty good detail here:
http://forums.stockfetcher.com/sfforums/?q=view&fid=1001&tid=99249&qrid=
again this is based aot lon TRO's methods....
I did not see your email posted anywhere, but you can find me at
stockfetcherst@aol.com
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TheRumpledOne 6,411 posts msg #100692 - Ignore TheRumpledOne |
5/11/2011 10:12:21 AM
sohailmithani
Read the thread (again) if you don't understand. The only results that matter to you are YOURS!
Either you make this work for you or you don't. It is all up to you.
Are you sure DECK is a cow?
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sohailmithani 192 posts msg #100694 - Ignore sohailmithani modified |
5/11/2011 1:40:35 PM
I will read it again but the thread was also a little confusing so thought to ask the guru himself.
I used the following filter to generate the Cows:
/* TRO MTC CHECKER */
set{ hiop, high - open }
set{ up10, count( hiop > 0.09, 100 ) }
set{ up50, count( hiop > 0.49, 100 ) }
set{ pct1, up50 / up10 }
set{winpct, 100 * pct1 }
add column up10
add column up50
add column winpct
up50 above 79
average volume(90) above 1000000
sort column 7 descending
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TheRumpledOne 6,411 posts msg #100697 - Ignore TheRumpledOne modified |
5/12/2011 10:54:08 AM
I change the volume selection criteria to my latest scan. Rather than looking at the average volume, I look at the minimum volume over the last 100 days. I noticed that a couple of volume spikes can really distort the average.
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sohailmithani 192 posts msg #100699 - Ignore sohailmithani |
5/12/2011 1:38:03 PM
Thanks TRO.
What has been your daily success rate with this approach. Any challenges in getting filled. Which platform do u use? I ask so many things because I am keen in using your method with real money soon.
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TheRumpledOne 6,411 posts msg #100711 - Ignore TheRumpledOne modified |
5/13/2011 9:03:48 AM
The best platform to use, IMHO, for this method is TradeStation. Use the Matrix.
Either you make this work for YOU or you don't. That's why I don't answer the other questions.
You must focus on YOUR TRADE, YOUR METHOD, YOUR PORFOLIO - IT'S ALL ABOUT YOU!
Remember:
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!
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mjg300 8 posts msg #101666 - Ignore mjg300 |
7/15/2011 7:19:03 PM
Cow still rockin'...even on crazy LNKD.
Fade the gap (if you can find shares to short)...maybe a lunchtime purchase...maybe some whipsaws around coffee break time...and then the joy of watching it move at 3pm.
Nice.
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TheRumpledOne 6,411 posts msg #101723 - Ignore TheRumpledOne |
7/20/2011 2:46:28 AM
Yes, The Buy Zone still works each and every day.
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