Search results

NBOB, I played DRYS in Nov at 3.48/share, then played it again this year at 3.50/share. I like it because of the large gains it makes in a short time. It's nice capital builder for the IRA accounts. I'm curious as to why you are now considering DRYS (big earnings miss, dreadful balance sheet)...

I know that there are common support/resistance points, moving average points, stochastic points, etc. that lead traders to place stops or limit orders around those price levels. If you join the crowd in doing the same thing, I believe you risk having your stop hit just before a reversal, or...

I understand that a lot of successful people drop out of high school and get on with their lives, but from all the Obama comments on ET, I've come to believe about 80% of you dropped out of elementary school and missed the fact that the president (the executive branch of government) does not...

What reasons are there for the market to make any kind of significant drop next week? Ongoing bad news has been incapable of sparking any significant or sustainable pullback. All the weak hands were washed out of the market during the selloffs of January, March, July, October, November...

Very little trading time due to various pre-vacation tasks. Put in a limit target on HANS @ 35.80 pre-open because I had to leave my desk for a while. Came back to find my limit missed by .06 cents and the stock had moved above 37.00, still holding this one, very small position. Tried to...

No trading today.

I day trade off a 3 min chart, but always reference a 30-day daily chart and 1-year daily chart to determine near term and long term S/R levels. This provides valuable data; for example, if I see a stock gap up huge on news but notice it's fallen 70% or 80% from its 1-year highs, I sure won't be...

I watched TIF climb all day and finally at 26.05 I jokingly stated, "I'm going long TIF because you just can't get enough of it and it'll never be this price again!" And within about 15 minutes it gained another .80 cents a share (without me). I've come to conclusion that if you are...

QT, I almost always wait for a small pullback from an overbought high (or bounce from an oversold low) before entry. When this happens, the fast stochastic line pivots. The deeper and straighter the trajectory of the fast stochastic line, and the sharper the pivot at the extreme, the more likely...

- $204 10:42 a.m.: Short ORLY @ 37.25 pullback from overbought run up. It stagnated for quite a while, reaching oversold pretty much close to my price. I was ready to scratch the trade, then my doorbell rang and I exited right then at b/e since I wouldn’t be able to keep an eye on the L2...

- $204 Holding end of day HANS short at a profit. Let's keep it that way :)

Retracement often signals a reversal setup. Think about when a long rally or decline finally runs out of steam. Price pushes to the extreme, then finally retraces as support or resistance is hit. If the current candle retraces more than 50% of its push at these extremes, it threatens to leave a...

Interesting, I look at the same chart and choose a long swing trade entry on the very same day as you, but for different reasons: 1. A period of steady price consolidation establishes very strong support at a higher low. 2. The day you entered the trade is the day price broke through the...

I would like to add: Considering that the Wall Street Wizards responsible for such investment miracles as CDO's and CDS's are still running loose, it is entirely possible that they will find a way in the not-too-distant future to allow a stock's price to indeed go below zero, creating the same...

As for thinking instead of acting, I invite input from everyone on how you handle the mental game. When you get a signal, or a preferred setup is ripe, do you act immediately? I have a bad habit of waiting, looking for more confirmation, etc, and often the opportunity is quickly lost.

I only use stochastics as a signal, and I seek confirmation from: the market in general, overall stock trend, volume, and lower high/higher low. My biggest problem is failing to take all my setups. By only taking a few of my setups, I do not reap the fruits of the overall success of my...

When you are long a stock your max loss is the value of the position because stock price cannot go below zero. When you are short a stock, your intraday risk is limited to your stop loss, but your overnight risk is unlimited, as the DNDN example illustrates.

- $303 Offer 68.97 BDX on open, missed by very little, didn’t chase unfortunately, then hesitated to play the lower high for some unknown reason. 11:09 a.m.: Long GILD @ 44.65 oversold and stalled after a long drop, stop @ 44.45, just below the LOD, triggered for an $89 loss. 11:58...

- $303 Fortunately my other half took the trades I called but didn't trade, thereby erasing this loss. I think I'll let him support ME for a while. I carried the 1st quarter, he gets the 2nd quarter. :p

Yes, exactly. Stochastics are fantastic when price is moving in a channel. You can pretty much guarantee yourself one winner after another. Some examples of this were my WTR trades late last year and my AIPC trades this year, not a single losing trade among them. But if you're using this...