An open invitation to the hot shots of ET

Status
Not open for further replies.
I am a BP boy. (BPZ7)

Kinda new to all this, so DON'T anyone go do something just cause I make it sound good but this sounds like fun.

I like 2.0281 for a potential long (of 1-2 days) with a current target of 439 - It may get there tonight (the low side) -night trader- but my final decision depends on the then current action, or lack thereof.

- Anything is possibile.
(pricing subject to change without notice)

:p

If I were really confident, I would short it down to there but I am in watch mode. (not confident...yet) I will like any reversal signals in the mid-high 290's.

PS consult your advisor before making decisions.
:D

PPS I hope I can still play even though I am not doing stocks.
 
I subscribe to a newsletter service that gives picks and causes an immediate move. I use a buy limit order and make sure it hasn't moved too far away from the pre pick share price. The stock typically moves 1.5 to 3 points in my favor and I scale out on the way up.

The only problem is with the limit orders sometimes you only get a small fill, but usually I get a full fill. Using market orders doesn't work b/c the mm'er can wait to fill you at the top (and it's happened to me thats why I reverted to limit orders and the possibility of missing the trade)
 
Quote from traderich:

I have heard that shorting the stocks that gap up works well.

Try doing that and see what happens.

LDK last Thursday was a good example.
More...

That can work horribly against you. Shorting in general is just a bad thing to do for reasons i've stated before. WAY more potential on the upside. (unless you have proper risk control for shorting...something that took me 6 months of losses to develop)

If anyone wants an explination, I will kindly indulge.
 
Hello...why not check the P&L 2007 posts....
MBAGEARHEAD is scalping his way towards greatness.....and looks to be the next Timmay...without the attendant disasterous single trade.
One thing about gearhead: it doesn't get to his "head"....which was so apparent with Sykes when he got "suckered" into that long bet on Cygnus.....arguably one of the worst performing microcaps in the history of investing.
 
Quote from Anekdoten:

An open invitation

With so many traders claiming good fortune on a board that severely lacks good substance but is abundant on odor I encourage the hot shots of
the board, you know who you are, to stop talking the talk and delivering something with essence to the forums on this post. Even if you have done so in the past, let's compile it right here, and if it yours, feel free to take credit for it.

I'm not asking for you to share your most inner trading secrets but how about one good setup. Just one, I'm sure if you are such a hot shot
helping the community with one solid setup will not diminish your wonderful returns.

It's a respectful invitation to a party, let's see whose mature enough to show up and dance instead of trashing it.

This is for the sake of the trading community so let's see if we can gather some great ideas and see how elite we really are. This is your chance to redeem yourself as a good trader and not a bad trader but a good asshole.

Snake Oil salesman are killed on sigh on this board so let's not praise the word in underwear and do it right, for free!

Moderators I kindly ask that you assist in keeping this discussion clean and productive.

The ball is on your side of the court.

Thank you for reading.

Anek
More...

Looks like all the folks here are chart readers. Where is the gut-feeling that is borne of experience that cannot be expressed in just price action? And how will the effectiveness of these set-ups be verified? Can any TD&H just put up technical mumbo-jumbo that cannot be objectively tested and assessed?

OK here is one that is not just price action:

If a stock pulls back 10% from a 1-month high over the course of not more than 2 weeks from the high, buy and hold for one week, subject to these criteria:

-- Price at least $40 and market caps at least $500million
--P/E ratio between 10 and 100 based on current years and next years earnings estimates
--No one-day decline of more than 8% since the high (basically avoid sudden drops due to adverse news)
--PEG ratio between 0.5 and 1.50
--Up at least 30% in last 6-months

Now that is a lot of information to look at. But just so you know everything does not revolve only around price action.
 
Quote from neke:

Looks like all the folks here are chart readers. Where is the gut-feeling that is borne of experience that cannot be expressed in just price action? And how will the effectiveness of these set-ups be verified? Can any TD&H just put up technical mumbo-jumbo that cannot be objectively tested and assessed?

OK here is one that is not just price action:

If a stock pulls back 10% from a 1-month high over the course of not more than 2 weeks from the high, buy and hold for one week, subject to these criteria:

-- Price at least $40 and market caps at least $500million
--P/E ratio between 10 and 100 based on current years and next years earnings estimates
--No one-day decline of more than 8% since the high (basically avoid sudden drops due to adverse news)
--PEG ratio between 0.5 and 1.50
--Up at least 30% in last 6-months

Now that is a lot of information to look at. But just so you know everything does not revolve only around price action.
More...

Neke,

That's fine, we are not here to judge, just to read contributions.

Anek
 
Quote from athlonmank8:

That can work horribly against you. Shorting in general is just a bad thing to do for reasons i've stated before. WAY more potential on the upside. (unless you have proper risk control for shorting...something that took me 6 months of losses to develop)

If anyone wants an explination, I will kindly indulge.
More...

Well, you can buy puts. Limited downside, virtually unlimited upside (theoretically limited, but as a practical matter way more than the downside).
 
Quote from athlonmank8:

That can work horribly against you. Shorting in general is just a bad thing to do for reasons i've stated before. WAY more potential on the upside. (unless you have proper risk control for shorting...something that took me 6 months of losses to develop)

If anyone wants an explanation, I will kindly indulge.
More...

Shorting is the same thing as going long but in reverse. You should have the same stops as you do on the long side for the short.

Just as you are careful to pick you entry points on long, the same holds on short.

---

I know this is not my thread and maybe I mis-read. Don't get me wrong, lots of great posts here but am I the only one willing to put up a trade idea? :)
 
HEY Anek

all these posts, and not a single diamond

oh they are out there, I got 3 myself

but you won't see true traders sharing them

by true trader I mean those making 800 and up per day.

One day Anek when you become a great trader, you won't be starting such stupid threads

I am not disrespecting you but telling you my genuine thoughts :cool:
 
Quote from Illuminated One:

HEY Anek

all these posts, and not a single diamond

oh they are out there, I got 3 myself

but you won't see true traders sharing them

by true trader I mean those making 800 and up per day.

One day Anek when you become a great trader, you won't be starting such stupid threads

I am not disrespecting you but telling you my genuine thoughts :cool:
More...

Some predict price, others the weather, you predict my future, that is some twisted stuff. :p

Anek
 
Status
Not open for further replies.
Back
Top