shooting the moon

TheMagican · Jan 20, 2013

Quote from billyjoerob:

I don't use margin or options, so I don't see why it would matter.

The loss could be unpleasant due to the daily settlement issue,even though you hold it in the right direction.Didn`t you ever encounter this problem?Say it could drop 10 points against you 15 minutes before the settlement,then re-open next day and go up 20 points,but you`ll still be debited for that difference.I just look for a clue from some more experienced,if there is any way to avoid this.

Thank you

daniel33 · Jan 20, 2013

Quote from billyjoerob:

Is there some way I can block Nodoji from this thread?

NoDoji gave you an honest helpful suggestion, taking into consideration the abysmal trading, it looks like you could use some.

However instead you got defensive, odd stuff....

/shakes head

billyjoerob · Jan 20, 2013

Quote from daniel33:

NoDoji gave you an honest helpful suggestion, taking into consideration the abysmal trading, it looks like you could use some.

However instead you got defensive, odd stuff....

/shakes head

The bad trade was posted and I acknowledged breaking my own rules. In fact, I acknowledged breaking my own rules AS I posted the trade. Afterwards, I posted changes in strategy and listed some of the changes.

If you can find helpful suggestions in her post, you're welcome to them.

billyjoerob · Jan 25, 2013

Quote from billyjoerob:

Among my somewhat nutty charting hunches is the idea that dojis appear right before news or major turns in a stock (not just as bottoms or tops). I've posted on this before, but TRT is a good example.

http://stockcharts.com/h-sc/ui?s=TRT&p=W&yr=2&mn=0&dy=0&id=p60732108272

TRT is very thinly traded, so it's not hard to control the closing price (I'm guessing). So my unfounded hunch is that a doji is a way for a big buyer to signal to other buyers "OK time to get moving." This is a testable prediction, so we'll see what happens.

Hmmm.

http://stockcharts.com/h-sc/ui?s=TRT&p=W&yr=1&mn=0&dy=0&id=p78206318903

billyjoerob · Feb 2, 2013

Quote from billyjoerob:

Hmmm.

http://stockcharts.com/h-sc/ui?s=TRT&p=W&yr=1&mn=0&dy=0&id=p78206318903

32% in two weeks on my first doji pick, let's see how the next one goes: LPR

http://stockcharts.com/h-sc/ui?s=LPR&p=W&yr=1&mn=0&dy=0&id=p31351538343

billyjoerob · Feb 2, 2013

As I scan charts, it looks like metals are about to take off. Silver and copper in particular, bonds may be bottoming. Could dollar also collapse?

http://www.finviz.com/screener.ashx?v=211&ta=0&p=m&t=JJC,SLV,ZROZ,uup

billyjoerob · Feb 2, 2013

Euro taking off while sentiment is negative.

http://www.dailyfx.com/technical_analysis/sentiment

In other words, we could have dollar and yen devaluation, and commodities take off. Then Germany would be forced to start printing Euros, starting all out currency war. Gold then heads toward $2500. Long bond breaks above 2.50%.

billyjoerob · Feb 3, 2013

Does anybody follow Break Point Trades? It's a paid service, but he does have some free stuff. It's usually very well done, especially the commodity stuff. His latest

http://breakpointtrades.com/market_analysis/legacy.php?nl_id=1416

or

blog.breakpointtrades.com

billyjoerob · Feb 3, 2013

I posted on Dan Loeb's Third Point a few years ago, it's publicly traded.

http://www.elitetrader.com/vb/showthread.php?threadid=201845

Still trading at a discount. NAV is $14.61, fund trades at $12.22. Not bad for a top hedge fund. I expect the discount to narrow this year, no reason for this not to trade at a premium to NAV.

billyjoerob · Feb 3, 2013

I just tried IB Mosaic. The order screen is about the width of a rubber eraser. IB really has a knack for overengineered software that feels cheap. Not surprsingly, the VP of software development is selling IBKR shares pretty much every day.