I subscribed to his service for several months off and on, very good stuff. Trendline break patterns are reliable short term trades, generally good for 5-8%. I have never been fond of stops so like to average in and out as stuff moves. Still use realmony everyday, Herb Greenberg can definitely find stuff.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Gary B Smith of Realmoney.com
- Thread starter swtrader
- Start date
I am not trying to attack the guy. He is a good writer, and I found he was very quick to respond to questions. Is there a track record for his picks for his premium service? I also find it a little hard to swallow that he basically copied Bill O'Neill's approach and has never seen fit to credit him. Whatever.
Quote from swtrader:
so far, so good - his picks seem to be working
need to take money managemt seriously though, he does not provide exits and entries
He provides the entry point, his loss cut is a close below the buy point, the only thing he doesn't provide is how to take profits. But to figure that out, you need to watch the price volume action of the stock.
(He provides the entry point, his loss cut is a close below the buy point, the only thing he doesn't provide is how to take profits. But to figure that out, you need to watch the price volume action of the stock.)
on a side note, how do people get the "quoted from" block in their posts?
what you said makes sense - as far as how to take profits, I'm looking at trailing stops - not optimal, but a solid capital preservation tactic.
calibertrader, have you used the service lately? what has your experince been if you have?
on a side note, how do people get the "quoted from" block in their posts?
what you said makes sense - as far as how to take profits, I'm looking at trailing stops - not optimal, but a solid capital preservation tactic.
calibertrader, have you used the service lately? what has your experince been if you have?
Quote from swtrader:
(He provides the entry point, his loss cut is a close below the buy point, the only thing he doesn't provide is how to take profits. But to figure that out, you need to watch the price volume action of the stock.)
on a side note, how do people get the "quoted from" block in their posts?
what you said makes sense - as far as how to take profits, I'm looking at trailing stops - not optimal, but a solid capital preservation tactic.
calibertrader, have you used the service lately? what has your experince been if you have?
I read the delayed version of his posts. The delayed version used to be a couple of days, now it seems it's a couple of months. I use his writings more to improve my own technical analysis rather then for picks. He has a very simple basic approach, and I like that. The simpler the better. If you follow his rules, and find your own stocks, you can make money fairly consistently. You just have to improve the profit taking, the rest is pretty easy.