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cash123
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Everything posted by cash123
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Do or Die: Thanx for responding. I may have misled you. Those companies mentioned had all triggered long position. My scaling out refered to exit stragegy,not to adding to position. KNDI in @ 1.92 went to 3.30 SCEI in @ 1.35 went to 2.60 USBI in @ 3.58 went to 7.20 NEWN in @ 2.37 went to 4.25 GRO in @ .95 went 1.58 AERG in @ .26 went to .52 ABAT in @ 1.10 went to 1.95 CCRT in @ 2.35 went to 3.40 These moves all happened within 3 weeks and sometimes the next day. So,open sell orders had to be in place.How to do this optimally is my challenge. Too bad, after today it may well be a moot point.:helloooo:
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Just fiddling with a thought.The summer doldrums (July and August) see many stocks touch their ytd lows.I have been tracking those that trade under $5 and show signs of a reversal ( three days upticking) I've noticed that if their current price after the reversal sets up AND their 3 month high is AT LEAST double,that some powerful breakouts are available. See KNDI, SCEI,USBI,NEWN,GRO,AERG,ABAT I've always felt like bottom feeding combined with seasonality could be an area to begin positions..Reservals off of bottoms with tight stops. Now if somebody could suggest a scaling strategy with appropriate profit stops, I could begin an exit model.
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Sawatee krap TL My hello is Thai as I'm retired there now.I've been constructing a home in central Thailand and recently completed this project.Now without the time contraints, I would like to again trade the equity markets. I was a floor trader for 20+ years in the infamous Vancouver Stoch Exchange, I've been retired for 5 years.My style then was a frontrunner (only kidding).Successful floortrading required discipline and money management,so those attributes are engrained. My style now i guess would labeled as a position trader, entering stocks reversing of off ytd lows. I'm going to paper trade for awhile to gain some confidence in my setups. Stocks upticking for three days after bottoming AND having at least halved pricewise in the last 3 months look promising. Look VALV.USBI,SCEI,KNDI,NEWN,GRO Exit strategy,scaling,trailing profit stops are areas I need help in for as a floor trader i was constantly rebalancing and clipping markets..a completely different animal. As I look about here, I feel so under qualified to post anything...sure glad I found this site...learning is my priority.
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Predict the Price of Gold and Silver!
cash123 replied to MadMarketScientist's topic in Market News & Analysis
gold; 1735 silver; 43.75 -
MMS: Very good addition. Something to temporarily distract me from the near term mess the market finds itself in. thx