Recent content by gapster

i'm testing out a different entry strategy on these gapping stocks. it is bringing a mechanical aspect to the trade. i'll let ya all know the results (good or bad) later on as it's too early to tell right now. And don't forget, the way to make money in this game is to control your losses...

Add "backtesting" to one of the Myths I simply don't believe in. Right next to "Funny Mentals" and "T & A's". The only "backtesting" I actually believe in is one's own Trading Account Blotter! So true, huh? Scalping the Open of Gap Down Stocks is not a strategy! It is essentially a cash...

BLUD should have been the stock I played this morning. I had it up on my screen too! BLUD was a total SCREAMER off the Morning OPEN as it went -$3 in FIFTEEN MINUTES. The thing is, I can only watch one stock at a time and I was concentrating on CNCT this morning. I do have to improve on my...

Trading Results June 13, 2005 MONDAY: Trade #1: 09:30:39 SHORT CNCT 2000 shares @ $15.67 (average) 09:32:58 Buy to Cover CNCT 2000 shares @ $15.55 Trade #2: 09:34:55 LONG CNCT 2000 shares @ $15.875 (average) 09:38:17 Sell CNCT 1000 shares @ $16.00 09:41:26 Sell CNCT 1000 shares @...

Pre-Market Gap Stock Watchlist for June 13, 2005 MONDAY: Gap Downs: CNCT PNRA BLUD Shortable via Alliance. Open up Time and Sales and observe Price movement @ Market Open. <-gapster->

Trading Results June 10, 2005 FRIDAY: IFIN has a nice drop off the open but I didn't play it... No trade this morning. Back to sleep! <-gapster->

Pre-Market Gap Stock Watchlist for June 10, 2005 FRIDAY: Gap Downs: IFIN Shortable via Alliance. Open up Time and Sales and observe Price movement @ Market Open. <-gapster->

I'm more pragmatic about it --I won't take more than a $200 hit on my account. For RIMM @$75/share, I mentally raised it to $400 - $500 and I almost got stopped out today too! So yea, I watch the "unrealize" Profit/Loss window of my real-time Portfolio stats. And I do try to get out when I'm...

Microsoft (MSFT) is a NASD stock. So is Google (GOOG). Everyone heard of them guys I think...? I guess ya talking about Specialists vs Market Makers. I don't know all that much of what the difference between them really is. I'm more concerned at watching my bottom line. I believe you need to...

[/b] Times and Sales is the Tape -- all sales of a particular equity with a time stamp: 7.82 1300 09:29:58 7.83 600 09:29:56 7.85 100 09:29:39 ...and so on. I think when you say "Market Maker Window" you are talking Level 2? Yup, you can buy NASD stocks...

Hi Drock! What direct access platform are you using? For the pre-market scans, I use the basic $50/mo Esignal Scanner. I set it to filter on Average Daily Vol of 500K, Minimum Price of $5 and to show $ Losers. I look for stocks with at least $1 down from previous day's closing...

Trading Results June 9, 2005 THURSDAY: Entry: 09:32:51 Long RIMM 1000 shares @ $75.228 (average) Exit: 09:54:23 Sell RIMM 1000 shares @ $76.197 (average) Profit/Loss on Trade: +$969 (commissions/fees not taken into account) P.S. Know that not 100% of my trades are profitable...

Pre-Market Gap Stock Watchlist for June 9, 2005 THURSDAY: Gap Downs: CDWC RIMM XMSR XLNX Shortable via Alliance. Open up Time and Sales and observe Price movement @ Market Open. <-gapster->

Trading Results: To put it simply, I made $15 lousy bucks today. And taking the commissions/fees into account, it is a definate LOSS. I played both MATK and SWFT and my gains in one was pretty much cancelled by the losses of the other. Overtrading, revenge trading, trading multiple...

Sleep?? Hah! Great trade Tradewiz. I wonder if anyone else here also play the morning Gaps? <-gapster->