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I guess you can call it bizarre :) to the extent that it's not pure TA based and may seem odd to TA users. But I wouldn't call it fundamental either. It's based on a mixture of both and the entry exit points are pretty much always a the same time (as the principles it's based on are most...

OK, just to set the record straight. In what I do, I identify a set of stocks to be held overnight. I buy them pre close and sell next day after the open. That is done completely independent of what happens overnight and is remarkably consistent. By averaging out the prices on both ends, I...

Since you have no idea of what my strategy is about, I suggest you keep your smirks of critiques to yourself. I take 100% (if not more) exposure positions overnight and close them in the morning. It IS the way to go for me. And it has nothing to do with roulette. Stop loss at 5%? It's...

Give everyone a break you moron! I can list dozens of cases when I could have ended up with a loss if I took it in one trade and made thousands instead by scaling out. I have no idea? Oh, shut the f#ck up! If you don't understand the basic concepts of statistics, what is there to talk...

What the F#CK was that, loser???

And how exactly is that???? If you have a strategy that predicts where the price will be on average over the next, say ten minutes, just b/c it's not there yet, doens't mean it won't be. Heck, even if you are just randomly opening positions and it goes against you, I don't see why it would be...

that and the fact that bulls have bigger balls... :D

Ignoring transactions costs, it IS a zero sum game (assume the expected returns on stocks are zero, which is a good approximation in the short run). If you made some $, that does imply someone lost it. Of course, you probably transacted with different parties, but what difference does it make...

No man, you misunderstoon me. I wasn't saying the thread was BS. I was just saying the answer seemed quite obvious even from the very first post. In other words, to me an intellectual discussion is interesting and stimulating when there are potential pros and cons to both sides. In this...

You are right but for the wrong reason :D This approach might have phsychological side benefits. But those aren't the main reason to do it. The main reason is it reduces the volatility. In theory it is irrelevant if you can tap on additional resources. In practice, the volatility of your...

Did you read what you just wrote???? "Before I take a full loss???" How the heck do you know it will be a loss in the end? By taking it all now, you will have a loss, I agree. But by scaling out, it may turn out to be a gain just as well. If you take your losses quickly, before ever giving...

Isn't it obvious that by scaling in/out you remove the dependency on temporary weird fluctuations? In my strategy, I ALWAYs build up the position in small increments over a predetermined time frame and then close the position in a similar manner. Seems to work perfectly. Several of you...

Most of mine do gap up about 1-2%. Some much higher, a few (alas) open lower anywhere from 1 to 5 %. I did have a couple of 10% downs though... But so far everything seems to be by the plan. Given the circumstances under which I enter the longs, it's almost a guarantee they'll move big next...

Huh? Not sure what you were referring to there...

I've been doing what RS7 suggested in a post about a month ago and it seems to be helping. I try to think of each trade as if it's my parents' hard earned money (other authority figures could do too). That accountability aspect appears to be helpful. I'm less likely to violate the system and...

Who said I ever wanted to???? I'm very happy doing what I'm doing and especially happy knowing that I can do the same thing even as the positions are several million $ each. I trade only large cap monsters and my holding periods are mulitiday. Noone will notice me and there will barely be any...

I had (still do, pretty much) the same problem. The only reasonable way I've managed to cope with it is to take profits bit by bit not to be subjected to fluctuations as much. Anybody has other suggestions?

Hmmm. I almost always have 100% of my equity in just one or two securities. In most cases it's just one. AND, the strategy is to hold them overnight... AND, those are the securities that are prone to high volatility :). From what you said it looks like I'm in the most risk-taking tail of...

First of all, the same logic kinda applies on the downside. Secondly, it's not that straightforward. Yeah, a good scalper might double his money as fast as you claim, if his account is in the 5-100 grand range. The REAL money is made in more long term (e.g. overnight or over several days)...

A good source for historic info of that nature is COMPUSTAT. It's kind of expensive, but any decent university in your neighborehood will have it at the finance department and they should let you download the data you need. I don't use COMPUSTAT a lot, but from the little I do know, it has all...