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True, with 1,2,4. With #3, we know for sure that a dollar is a dollar, but we can't know for sure that X stock is worth Z dollars, and how low it will go below price Y we paid for it.

I'd find it hard to believe anyone wouldn't put 100% of their capital for a risk free gain of 150% over, let's say, 1 year. (.4 * 1.5 = 1) However, some problems: 1) Where do we find these neighbors? 2) Will the neighbor come up to us with the proposition, or will we have to work very hard...

keep up the good work, from your previous post it seems like you might still be struggling with over trading? then again you only traded for about 30 minutes ... haha

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=msft,pltadancbo[pa][d][f1!3!!!2!20]&pnf=y What do you guys think of getting long if it hits 18 again? That was the low from the end of the dot com bubble

Yeah, I honestly did not get anywhere trading before I started researching late last year.

agreed

You are right anaconda. I'm still glad though, this is the most stress-free trade I've been in for a long time (a couple others retraced and continued going up). (out at 66.45)

This stock is beasting ... hasn't retraced 20 cents since my entry! will sell as soon as it does so, I've already profited too much off it, lol

In long at 64.22 Stop at 65.24 thanks for bringing this stock to my attention

Awesome progress man, you started with a very conservative goal, reached & surpassed it quickly/right away, but didn't let it get to your head and moved at a good pace in scaling up. A very good journal and a great inspiration for traders still struggling

Looks like a very solid long term investment system, good work. I may have misunderstood, but if you are testing ETFs, how did you backtest 50 years if SPY (which I am most likely incorrectly assuming you are using) came out in '93?

I'd look to get short msft if it reached the previous 2 tops and then began reversing down again keep posting, I'll try to post some charts soon myself good job on the trade though

I love this thread

Haha ... wow.

Why do Keltner & Bollinger divergences usually indicate a reversal? I mean, considering the formulas of each, what is the underlying reason behind this?

ROFL thanks for the laugh

haha, very nice

Not sure if you want to go too much in depth at this point, but with what you are discussing, would you have gone short at the double top at ~1,000 (from your picture of intraday trends) Thanks for taking the time, very informative and interesting thus far (and if the past can help us predict...

Hey all, What is the validity of limit orders placed through IB on paper trading account, on say, stocks with volume of >3million per day? Or are market orders the best, most accurate to use (what I have been using thus far)? Thank you

Dentist, I think your chart is not up to date. CPB last closed at 31.88 according to Google Finance. I think tomorrow would be a good day to get short, Codetroll - it broke down and retraced to a lower high, looks like a good time to enter (tight stop though).