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Hi cnms2, Spydertrader is instrumental in changing my way of trading. Until I read his journal, I always felt like a hack trader. The general trading community buys and HOLDS. I tried to hold myself to this, but never felt comfortable about it. After Spyder's posted success, I embraced my...

Hi jmiles301, There are times when I hold overnight being 100% invested in one stock. I can tell you right now, there is no sleep that night because of my fear of losing 20+ % due to some news blip that tanks the stock before I can sell it at the open. This has happens to me while holding...

Hi mhashe, Thanks for the info on level II. I'm going to try it out Tuesday. I'm especially interested in your comment about pro firms. What would a pro firm offer, hypothetically? I really have no idea how any of that arena works, except on TV. The idea of trading for a living sounds...

Hello biod, My apologies for displaying thrash. I knew I shouldn't have put up a paper trade, but wanted to show something relative to the stock list I just posted. Without an actual trade, I guess the data is without weight. I'll refrain from showing worthless data in the future. As for...

Sorry, Here's the jpg of ALO.

Hi jzlucas and chadwick, You both are correct. The CBP works. I just don't use it that often because I'm always worried about overhead (something I picked up from the bear market). There are times though that a stock will exhibit a perfect CBP that I just can't ignore. How do you guys...

Hi Boib, I generally only hold one position at a time. I usually load up and follow the stock minute by minute until I have a safe stop in above break even point. After that, I kind of relax and let the trading platform do its job (medved quotetracker). When an alert is triggered, I refocus...

Hi jzlucas, A friend of mine actually came up with a pattern based on your "plan B". He calls it CBP - continuation buy pattern (the mans a genius huh). Anyway - This CBP works pretty well. What he looks for is a stock to pause a moment from its uptrend. He uses the 50MA and the 20MA as...

Sorry maxwellreid, After rereading my response, I realized I didn't answer your question. So... In a good market uptrend, I try to use 100-200% of my trading capital. In a sideways market, I might use 50-100%. In a downtrending market, I will limit my exposure with 25-50%. I'd like to add...

I have no strategy for shorting as of yet. I've spend most of my time trying to develop going long. When the bear market hits, I'll develop a strategy for that. I have shorted in the past with success, based on the inverse of my trading plan (for what it's worth). I'm currently...

Hi gkishot, It only looks complicated (I think). When I start to show the details, I hope you might change your mind. thanks for your reply

These are the bases I'm watching for tomorrow. Most are within 3% of their pivot points in that base. With the rally being reported as ending today, it should be interesting to see how many breakout. I usually see a couple breakouts/day in a rally. Downtrends can be more challenging. ADLR...

For some reason my trading plan did not load on the first message. Hopefully it will load here

I've been trading stock for about 4 years now. I've had some success with the method I'm about to describe. I made 60%, 40% and 22% over the last three years, respectively. Last year I tried to hold myself to another method and failed miserably at it, so I decided to go back to my old trading...

Growing pains -ugh!! Thanks Spyder for your response. Nice to know an answer is just a quick email away. Who know what pains I would have gone through to finally realize I was "interpreting" the system incorrectly. You really do a great service here. -smashandgrab

Good Morning Spyder, I'm a bit confused about the why you didn't buy JMDT. How long did you wait before you realized the stochastic indicator was not at acceptable levels. I purchased this stock based on the attached chart. I'm confused at where I went wrong. Could you please comment -thanks...

What a loser!:)

Good Evening Spydertrader, I also purchased ENER at 10:29 am this morning. I miss my execution at $26.10, finally got executed at $26.34. I thought I was doing good until the stock rolled a bit, scaring me, which produced a premature sell. I read your forum 2 weeks ago so I am still a bit...

Well Steve, your unprovoked attack on the weak has not gone unnoticed. Being human, I too can feel exasperation with some questions. When this happens, I have to remind myself that we all learn differently and at different rates and to be patient. Tolerance is a virtue we should all practice...

Hi Spydertrader, I've been thinking about the indicators that you use for signals on the buy. Do you use the MACD and the Stochastic as alerts on other systems?. I've had trouble with false break outs in the past and have been trying to find some way to increase the reliability of my own...