Search results

OK - this is interesting - I gotta think about this one for a while ..... I have been looking at taking advantage of gaps on open as a single 'once per day' event thanks for the feedback and the food for additional thought

Yes this makes sense thanks

lol.. dont forget to add: 'lose some money, try again' :-)

Yeah thats kind of what I was getting at ---- if you 'knew' it would fill - thats too big an edge but Ive been looking back over charts and dont see one yet that took more than 10 days to fill thanks for the feedback

It appears the gaps usually fill - some pretty quickly some over days (or even longer) any gaps dont fill? .......just curious

if the probabilitys youre working with are 50/50 - cant you just flip a coin to decide what to do next?

Yeah - those are the conclusions I've been slowly coming to. It appears to me (as a newbie) that one also needs to have some confidence in particular setups/strategies whatever ---- based on experience and in a reasonable grasp of the probabilities of success. Without that grasp I dont...

being someone who has started to learn how to trade (at least started) my own experience has been - I lost because I 'believed' something would happen in the market - and that belief had no basis in reality and I got stomped every time I bought stock on that basis starting to learn to...

attacked from the heels up by a pack of weasels?

'buggered' may be the more appropriate simile

well - this is helping me clean up those 3 really dumb trades I made at the end of the year BSC @90 -- may never get this one back - but who knows DE @90.25 AMSC (thanks stoney!) at 26.75 lol - I swore if I got these 3 back I would never be stupid again we'll see

#8 AMSC- We have been here and we wish we were still there. A wind play executing at all levels, powerful chart. down 2.5 since I bought it --- but Im gonna hang on to it cause 'stoned reasoning' has always appealed to me (I have done some of it myself) Cheers!

YM8H - opening gap 90 points buy 1 contract at market open (in at 12,700) Stop ---- 12,610 (90 points below the purchase price) Sell ------- 12,770 -- 20 points below yesterdays close Expectations ---- the 90 point opening gap will fill sometime during the trading day Profit -...

I should have said 'theortically' - I did not actually make this trade

can make some money by selling the contract at 12770 but I am going to see if I can stay in till the gap fills completely

I understand that reasoning We'll see what happens --- I've learned enough in the past 3 months to 'not' put money on my latest fancy theory no matter how good it sounds

Just out of curiosity did you short this gap this morning? As a newbie --- had I put money on it (which I didn't because my TOS account is still not cleared for futures trading) --- I would have bought YM at the market at 9:30 with a 90 point stop and let it do its thing your thoughts?

Whats the textbook definition of a triple bottom ? (serious question)

Excellent post makes a lot of sense

FYI - for those interested I discovered you can use the print function on the dropdown toolbar --- and print to a file the output is microsoft .xps format --- but that is easily converted to .pdf using a freeware product called 'cutepdf' a sample is attached