creating a bullet

[Seanote]

Originally posted by fattyasids
i'm glad i'm not the only one saying that its essential to use bullets on naz stocks. only a rookie would say to use bullets on nyse stocks.

Fattyassids, I've been trading successfully for 6 years, far from rookie status. We have a difference of opinion on the use of bulletts, that's all. I would venture to say my P&L is signicantly higher than yours for the past year, or 5 years. I posted my trades real time for 6 monthson all my other journal threads for you to view if you are so inclined.

 

[daniel_m]

Originally posted by fattyasids
i'm glad i'm not the only one saying that its essential to use bullets on naz stocks. only a rookie would say to use bullets on nyse stocks. you use bullets anytime you can make even a few cents on a trade. why wait and miss the trade? i trade size and put up bullets for size.

it's NOT essential. might be useful (for you it obviously is). if you're trading for that initial ten cent thrust, you're right, without a bullet you've missed your move.. but for anything longer than that, you will get your chance to get in (90% of time).. and at a pretty good price too.. it's just bullshit to say you won't.

 

[rtharp]

Originally posted by daniel_m


it's NOT essential. might be useful (for you it obviously is). if you're trading for that initial ten cent thrust, you're right, without a bullet you've missed your move.. but for anything longer than that, you will get your chance to get in (90% of time).. and at a pretty good price too.. it's just bullshit to say you won't.

than pull up yesterday's time and sales on AHC

almost no upticks for 5 entire points

a few guys in our office caught it

and THEY NEEDED BULLETS TO ENTER IT

 

[daniel_m]

Sorry Robert, I should have made it clear I was referring to Naz stocks.

 

[tracedef]

example of how everyone sees the same action day in and day out and yet "sees" something different in what is happening or what is necessary to execute trades..........

 

[jpomerenke]

if you are a listed trader bullets are a must....simple as that...no questions asked....now lets stop the argument...

 

[daniel_m]

Originally posted by jpomerenke
if you are a listed trader bullets are a must....simple as that...no questions asked....now lets stop the argument...

the dispute was about naz, not nyse. so there's no argument to stop

 

[fattyasids]

there's no diff from nyse and naz when a stock is tanking and there are no upticks. you need the bullet.

and if your p&l is in the middle seven figures (in the last 5 years), then you're right, your p&l is better than mine but if it isn't i would keep p&l out of this.

 

[daniel_m]

Originally posted by fattyasids
there's no diff from nyse and naz when a stock is tanking and there are no upticks. you need the bullet.

you are really that good huh fatty? once you enter the trades never ever go above your entry price huh?
i don't exactly which naz stocks you are trading, but in the liquid, volatile names, i can virtually guarantee u are gonna get an upbid in even the biggest selloffs...

unless, like i said, you are trading for an immediate 5-10 cents... which is a different ball game..

 

[fattyasids]

daniel,

yes, i am a scalper and trade for the immediate 5-10 cents. like i implied in a previous posting, if you did that only 5 times a day with 10k shares at a time, it translates to a good living. imagine if you did 25k shares at a time? i don't know what you guys expect to make in a day but i consider that good money.