Hi Lescor,
What would it take for me to give you an offer you can't refuse...
What would it take for me to give you an offer you can't refuse...
Quote from jones247:
You're absolutely right, Lescor. The concept of buying when a volatile stock drops and selling when it jumps is very easy to understand. The BIG challenge is to discern if the stock is making a big move due to a material event (i.e. M&A, Accounting scandal, etc.) that has yet to hit the wires (web news). I guess that's why it's best to diversify among several stocks, to average down (scale-in), and to have an "uncle point" where the loss is too painful and you must exit your positions.
It seems to me that the s&p futures tend to bounce around like a ping pong ball more than most stocks. Typically will have a smaller range, which limits the likelihood of a major run in a given direction.
I would love to become proficient at trading equities. It seems that most of the profitable traders that I know of primarily trade the equity market. By nature I'm a contraian; however, I'm EXTREMELY affraid of entering RTM strategies on stocks that are about to "sky rocket" or "plummet" against me, as some news event that I was unaware of would cause the big move against me.
Nonetheless, thanks for your patience Lescor. Btw, in the spirit of Steve Cohen & SAC, would you be willing to receive a substantial % of my profits (50%) for 1 - 2 years by mentoring??
thanks,
Walt
