Margo's Swing Journal
- Thread starter margo_trader
- Start date
QQQBALL,
I didn't explain that very well. When I find a nice looking ascending triangle with very little resistance above the threshold level, I'll pull the Yahoo profile and look at what the float is. If it's small....say less than 15M.....I'll slap it in quotetracker, set an alert on it, and see what happens. If it triggers AND the volume is impressive.....say 200% of its daily average......I consider it a low risk long. Unfortunately, I haven't found many over the past year. It's after the fact but here is the last one I found.
I didn't explain that very well. When I find a nice looking ascending triangle with very little resistance above the threshold level, I'll pull the Yahoo profile and look at what the float is. If it's small....say less than 15M.....I'll slap it in quotetracker, set an alert on it, and see what happens. If it triggers AND the volume is impressive.....say 200% of its daily average......I consider it a low risk long. Unfortunately, I haven't found many over the past year. It's after the fact but here is the last one I found.
QQQBALL,
Speaking of MIMS, I traded it several times going back a year or so. I don't recall exactly which trades I took, but they were all the based on the 3 inside sticks that I've mentioned earlier. Notice the signals it gave....5 over a 6 month period.
Speaking of MIMS, I traded it several times going back a year or so. I don't recall exactly which trades I took, but they were all the based on the 3 inside sticks that I've mentioned earlier. Notice the signals it gave....5 over a 6 month period.
chasinfla,
You're too much
You're too much
Hi Margo,
thanks for the reply, and thanks too for taking the trouble to post your set ups, it's extremely educational and very refreshing to come across such a useful thread.
thanks for the reply, and thanks too for taking the trouble to post your set ups, it's extremely educational and very refreshing to come across such a useful thread.
then I would short it perhaps as it makes a daily lower low or signals ( i have a technique I use.. which gives me an edge) its bounce is coming to an end. To get a basic idea.. its not too far away from Landry's botwie strategy (tradingmarkets.com).. but mine is more filtered and modified
Could you elaborate on your technique , if its proprietary I understand .
Could you elaborate on your technique , if its proprietary I understand .
The actual setup is proprietary and it kinda complex for me to illustrate on a message board w/o going into numerous examples and details.
What more important is the $ management technique I use.. which I have written about before on various threads.
In general.. I short stocks as they rally off lows and buy the dips not too far off the yearly highs. I also try to make sure these stocks are persistent, volatile, and trendy.
--MIKE
Babe,
I try to keep it as simple as possible. If I see a stock in a parabolic rise and I'm able to identify resistance....say at $50.00......I'll short as close to $50.00 as I can. Normally, I'm in front of the trigger price 10 - 20 cents since many don't make it.
Unfortunately, I'm not able to watch the market much during the day so I have to load my orders the night before. If I had more times, I'm sure I'd time my entries with different strategies...such as lower lows / highs from the intraday charts.
I try to keep it as simple as possible. If I see a stock in a parabolic rise and I'm able to identify resistance....say at $50.00......I'll short as close to $50.00 as I can. Normally, I'm in front of the trigger price 10 - 20 cents since many don't make it.
Unfortunately, I'm not able to watch the market much during the day so I have to load my orders the night before. If I had more times, I'm sure I'd time my entries with different strategies...such as lower lows / highs from the intraday charts.