Search results

I didn't survive the drop in TIE this morning during the market pullback and sold my shares. Now TIE is happily hovering at the highs of the day in the 60s... I had in place a 2% trailing stop that flashed a sell signal after the opening.

I understand your reasoning and for the most part I agree but you can still find many players sending electronic orders to NYSE, therefore hitting the openbook with enough size to move the market or at least hold it for some time (when I say players, that includes short sellers, if you see what...

Looking at the daily chart, the stock is clearly in an uptrend ever since our dude came out of the woods at the end of 2004. However you soon realize this is not the easiest horse to ride. Besides of the amazing daily moves, just by looking at the 15 minutes chart for the last 3 weeks I found a...

Just to avoid any confusion, NGPS didn't reach FRV by EOD and should have been sold. I didn't pay attention to EOD volume and missed the sale.

It's ironic because I'm actually having a smooth ride on TIE, currently on its way to a 10% profit target. Thank you for the detailed explanation on the Ross rule. I will add an ATR adjustement to my stop loss price, as per Doug posts, and better risk management sizing. As I write NGPS has...

It also turned negative for the day and of course, I immediately sold. Now it's back to 30.38... I am really curious to hear Spyder take on this.

SFCC reversal today and very nice MRX short. Everything worked today: N, BA, SFCC, MRX. I only took a 10c loss in GDW.

LOL I love the pun.

I think what acrary was describing is the standard way to step into the door of I-banks and other major hedge funds. Who ultimately succeed in this business is a different story.

Oh yeah.

Interesting. So how do you read S/R levels?

Mike, a stock that should be in your extended list is NDAQ. It has EPS 96, RS 99, volume around 1M/day, float 50M. Did your scan select this stock?

I think if you NX you're not entitled to price improvements. Doesn't the NXing order go through an automated execution system?

In general it's time to get out but sometimes the specialist will print a small size at the bid without dropping the quote. It might be a trader or a seller who just wants to NX the bid.

...and this is a pattern that you'll see more and more often as execution platforms sharpen their tricks. Many, many times, when you think there is a buyer in the stock you'll suddenly discover that there is also a seller at the same price level. This is the best way to keep churning...

If you read this thread from the beginning you'll find a detailed description on how to interpret double prints by Maverick. Anyway, by looking at the double prints alone you can't tell if there are floor buyers or sellers. You have to look at the whole picture: first of all, what are the news...

I see. I didn't enter MRVL and CC for the same reason: bars closing well below their high with MRVL actually making lower highs at that point. This same observation lead me to short CCU this morning when the market started to reverse.

I personally have even less risk tolerance. I would have exited at the break of the first down candle low (around 56.95) given that: - the stock made two lower highs (last green and first red candle). - a round number was broken ($57) But that's my style (for now): I prefer to re-enter the...

Yes, but I think it's still helpful to understand when to take a loss.

I agree, knowing when not to enter a trade is at least as important as recognizing the right setup.