Stock Swing Traders
- Thread starter coolweb
- Start date
This is one of the worst trading days so far that I have seen this year, no ques about it (from the NYSE perspective)
Its almost comical today....I thought this was "earnings season"?? 
#TRADE1
04-17-06 09:48 AM SNDK 62.02
Market UP: 1 , SNDK UP: 1
Score: 2 -> Good trade.
#TRADE2
04-17-06 10:22 AM SNDK 62.08 STOP 61.99
@ 10
2
MARKET BEAR : 0.5 , SNDK NEXT TO OPEN : 1/2 (lol) like thats an ENTRY!
Score: 1/2 -> BAD TRADE.
#trade3
MOMENT OF TRUTH ADD
04-17-06 10:30 AM ADDED SNDK 62.05
stop 61.98
Low risk thats about it.
Score: 1/2 -> same as above
#trade4 Worst trade
04-17-06 10:56 AM
med size added 62.07
markets - chop
sndk - strong
half a size!
Score: 0.5 -> Newbie trade.
^^^^^^^^^^ This never works out.
Market will always kick your ass with CHOP or An actual selling.
Conclusion:
Stop trading after your first stop out ,
All entries should be money on the first try.
And save yourself some commissions and money.
I think this will be a good rule,
<h2>
One entry. One stop out,
No more entries after first stop out.
</h2>
04-17-06 09:48 AM SNDK 62.02
Market UP: 1 , SNDK UP: 1
Score: 2 -> Good trade.
#TRADE2
04-17-06 10:22 AM SNDK 62.08 STOP 61.99
@ 10
2 MARKET BEAR : 0.5 , SNDK NEXT TO OPEN : 1/2 (lol) like thats an ENTRY!
Score: 1/2 -> BAD TRADE.
#trade3
MOMENT OF TRUTH ADD
04-17-06 10:30 AM ADDED SNDK 62.05
stop 61.98
Low risk thats about it.
Score: 1/2 -> same as above
#trade4 Worst trade
04-17-06 10:56 AM
med size added 62.07
markets - chop
sndk - strong
half a size!
Score: 0.5 -> Newbie trade.
^^^^^^^^^^ This never works out.
Market will always kick your ass with CHOP or An actual selling.
Conclusion:
Stop trading after your first stop out ,
All entries should be money on the first try.
And save yourself some commissions and money.
I think this will be a good rule,
<h2>
One entry. One stop out,
No more entries after first stop out.
</h2>
IDEA BEHIND ONE STOP OUT RULE:
1) If a stock was under heavy buying pressure,
If there was any,
There would only be one test,
Test as in one drop or rally if short.
Why is this?
Because a BSD won't be swinging the price around for no reason when he's doing heavy accumalation.
He can't sell the stock he wants to buy more of. He would do it once to sweep the scared hands, but he won't do it twice unless he's gone skitzophrenic.
So there won't be SWINGS,
Either UP or DOWN
or stabilization (others selling, BSD buying)
When you are stopped out after the 2nd kick in the face.
No buying pressure
Either
a) Increase stops (yesterdays low)
b) don't trade.
<- don't trade.
1) If a stock was under heavy buying pressure,
If there was any,
There would only be one test,
Test as in one drop or rally if short.
Why is this?
Because a BSD won't be swinging the price around for no reason when he's doing heavy accumalation.
He can't sell the stock he wants to buy more of. He would do it once to sweep the scared hands, but he won't do it twice unless he's gone skitzophrenic.
So there won't be SWINGS,
Either UP or DOWN
or stabilization (others selling, BSD buying)
When you are stopped out after the 2nd kick in the face.
No buying pressure
Either
a) Increase stops (yesterdays low)
b) don't trade.
<- don't trade.
<b>INSANITY PLEA</b>
Shorting ERS (but didn't)
I was thinking about shorting ERS , Its on my "STRONG LONG LIST"
It flagged a bearish sign last friday, But this is an insanely strong stock.
I didn't short it though, but I thought about it.
Even the "thought" ,
Up $3.47 +10% Is bad.
Conclusion: Don't even think about shorting the stocks you want to go long on, The buying pressure will overwhelm even the best short setups.
#2nd conclusion: You are an idiot, don't be trying anything new. Keep this man away from any new methods/strategies
Shorting ERS (but didn't)
I was thinking about shorting ERS , Its on my "STRONG LONG LIST"
It flagged a bearish sign last friday, But this is an insanely strong stock.
I didn't short it though, but I thought about it.
Even the "thought" ,
Up $3.47 +10% Is bad.
Conclusion: Don't even think about shorting the stocks you want to go long on, The buying pressure will overwhelm even the best short setups.
#2nd conclusion: You are an idiot, don't be trying anything new. Keep this man away from any new methods/strategies