Love of one is a barbarianism; for it is exercised at the expense of all others. The love of God, too.
Here is how I trade for profit: take what you want, leave the rest behind.
I only trade in the last 100 minutes of the trading day.
I ride the trend of trending Naz stocks.
I take one position, 1000 shares.
I base my entry on the NAZ futures/composite to get a feel.
I use basic chart formations (pennants, flags, triangles) as my entry.
I ride at least 45 minutes, or until my stop has been hit.
My stop is always 10-20 cents. I NEVER BREAK 20 CENTS, however, stops are based on intraday resistance.
I shoot for a point, but I shall ride the trend until the end (trailing stop of twenty cents.)
I have no problem re-entering positions I have closed for a loss.
I only look at highly volatile stocks:
last week: QLGC, GNSS, EBAY, MXIM.
Always look at intraday support and resistance.
Oh yes, and volume to confirm breakout/downs.
"I have done that," says my memory, "I cannot have done that," says my pride, and remains inexorable. Eventually-memory yields." - FN
[I do not need animated faces to express myself]
Here is how I trade for profit: take what you want, leave the rest behind.
I only trade in the last 100 minutes of the trading day.
I ride the trend of trending Naz stocks.
I take one position, 1000 shares.
I base my entry on the NAZ futures/composite to get a feel.
I use basic chart formations (pennants, flags, triangles) as my entry.
I ride at least 45 minutes, or until my stop has been hit.
My stop is always 10-20 cents. I NEVER BREAK 20 CENTS, however, stops are based on intraday resistance.
I shoot for a point, but I shall ride the trend until the end (trailing stop of twenty cents.)
I have no problem re-entering positions I have closed for a loss.
I only look at highly volatile stocks:
last week: QLGC, GNSS, EBAY, MXIM.
Always look at intraday support and resistance.
Oh yes, and volume to confirm breakout/downs.
"I have done that," says my memory, "I cannot have done that," says my pride, and remains inexorable. Eventually-memory yields." - FN
[I do not need animated faces to express myself]