Stock Swing Traders

Quote from coolweb:

I won't turn this into a flaming fest but,

If you want to speak, post trades.

If not, if you don't understand what I am doing, Lets all zip zip ok?
More...

not trying to be demeaning in any way. I am just trying to understand how it's possible to daytrade stocks with a .01 stop..


sorry you took it the wrong way. I am open to any info that will help my trading. If someone can prove that .01 stops are possible then more power to them.

I just think there is no way it can be done. You cant have a 1 tick stop on anything imo
 
EqtTrdr,
I would not do it if I didn't know what I was doing.




ADVICE:


The money I get stopped out is in no comparison to the reward I recieve through successfully executed swing 2-3-5% trades.




Theres two types of traders.


1) coolweb who gets stopped out for 0.02 cents and can re-enter anytime later.
34.24 exit


2) everybody else who has a big stop and is now sitting on a 30 cent deficit and HOPING the stock will go back up.
34.03 hold


Which trader would you like to be.

People with thinking capabilities will always figure out the answer.
 
coolweb:


Do you believe that you can only apply you trading methods to slow moving stocks/markets? or faster moving larger % moves as well?

Ex: SVU vs GOOG
 
CW Can you give us a reason for entering the SVU trade when you did?

What was your set up.

Are your stops mechanical(sell stop orders ) or are you sitting with your finger on the trigger?

What broker are you using?
 
Quote from Boib:

CW Can you give us a reason for entering the SVU trade when you did?

What was your set up.

Are your stops mechanical(sell stop orders ) or are you sitting with your finger on the trigger?

What broker are you using?
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I use 3 brokers,

IB
Tradestation
And another.

Tradestation for automated signals
IB for futures and stocks


Software - tradestation on 4 monitors. 1 monitor just for indexes, other for charts, scans , radarscreen.


STOPS - very important.

Stops are never set server side, All stops are executed MANUALLY , Audio Alerts set in:

Drum roll...

QUOTETRACKER Software (thumbs up to JMEDVED for creating such a spectacular software)

The key is to not set your stops @ last price,
Its to set your stops at BID or ASK price.
Specialists will never flash unless intended.

This is FIFO.

When trading larger then 2000+ shares, you must be FIFO, or be prepared to be repoed.
 
SVU - EXited 34.16 +0.05 cents

Thats it for trading this stock today, I can't work with psycho specialists. Will search for easier prey now.
 
Quote from EqtTrdr:

coolweb:


Do you believe that you can only apply you trading methods to slow moving stocks/markets? or faster moving larger % moves as well?

Ex: SVU vs GOOG
More...

This is just my futures trading method I used in YM, Can be applicable in any markets as long as the reward is there and I Am not whipped as much.

Trading long stocks today isn't exactly the best idea considering all indexes are down.

But I'm starting to like trading long regardless for a reason.

Right now I'm still testing the waters on the intricacies of the transfer to stocks, so I will be trading long every single day regardless of what the indexes do.
 
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