Learn to Trade

inandlong · Jul 10, 2003

Quote from Gordon Gecco:

I am a new trader, just started with a prop firm about a month ago and am tryng to soak up everything I can to find a strategy that I feel most comfortable with. Thanks-

I thought prop firms taught you a strategy or strategies, and you traded those.

Gordon Gecco · Jul 10, 2003

We trade NYSE stocks and the strategy they teach us is completely based on the open book and readng the specialist. I feel more comfortable using charts as a suplement.

Gary_McLaughlin · Jul 10, 2003

July 10: Stocks to watch tommorrow.

Long: GTI, TSG, TER
Short: ALKS, ACS, CTMI, HET, Residential Construction.

maggandre · Jul 10, 2003

Quote from Gary_McLaughlin:

Two more shorts to watch:

MEE below 13.10
STE below 22.65

MEE printed a nice inside day today - adding to the consolidation below the 50DMA. Looks like a great short on a break of yesterday's low.

plumlazy · Jul 10, 2003

Quote from Gordon Gecco:

We trade NYSE stocks and the strategy they teach us is completely based on the open book and readng the specialist. I feel more comfortable using charts as a suplement.

I can't say that I blame you there.

inandlong · Jul 11, 2003

FRNT has worked out well.

UIS has formed a pennant on the daily chart. And... even though there is a neatly packaged NR4/ID to go with it, today actually was an NR7/ID. Also today's range besides being narrow, was less than half the normal 30 day ATR of 44.

Gary_McLaughlin · Jul 11, 2003

BZH just broke support, I'm short

inandlong · Jul 11, 2003

Wow the BZH daily chart looks great for a short.

margo_trader · Jul 11, 2003

Quote from inandlong:

Wow the BZH daily chart looks great for a short.

Looked a lot better at $95.00.....purely from a risk/reward view.

inandlong · Jul 11, 2003

UIS is working out.