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Trading REAL MONEY
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Created: by DetroitMoney Attachments:10

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Trading REAL MONEY

  #41 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

As for my social skills on posting lets just say I hope to get better at it. I will say that I am not looking to change the way I trade in any way. I have been at it now for 4 years both good and bad. I have been lucky to receive help when I have asked for it from my mentor who let's me do as I do. We do not trade the same way however he answers my questions about general trading when I ask them. Matter of fact he let me "smashed" in gold several weeks ago and then sent me an article about it. All I can say is if you don't don't know what "smashing" is and you are trading gold live I strongly encourage you to look it up.

I trade to make money and no reason. I only have to be correct 40% to still make money trading the way I do so I don't sweat it to much. Yes it has sucked losing most of the 20% gain I was yapping about above however losses are part of the business. I didn't even get mad about today I just turned the charts off. Markets going to be there tomorrow to give me another shot.

As far as posting charts in here I don't do a whole lot of marking except in the morning when I am doing my analysis. Once I am done with the chart I remove the zones and start fresh the next morning. I don't use any indicators at all. I do have volume on the chart however I use it as a clock more than anything else. It does not mean a thing to me as far as the way I make trades.

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  #42 (permalink)
 Vendor: www.probabletrades.com 
OC, California, USA
 
Futures Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
Posts: 1,859 since Jun 2009
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DetroitMoney View Post
Hi Hodson

Which stocks in my list are you wondering about? I can give a more detailed answer to you if you could tell me which ones in particular you would like to know about. TIA

I wasn't interested in any particular stock, just what methodology you used for entering/holding/adding to/exiting your stock positions.

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  #43 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received



Quoting 
what methodology you used for entering/holding/adding to/exiting your stock positions.

Depends on which I am using for what hodson. It's kinda complicated.

I use different scan metrics for different types of stocks I want to buy. I do value investing for some which is ultra long term. I do short term 10-20% gainer type stuff for making short term gains to add back into the next position. I have a scan for each method which brings up stocks that meet the scan metrics I have inputted.

I studied Walter Schloss and Warren and Charlie and some others for the value investing stuff. I took some metrics Walter used added some of my own metrics and applied them to modern day screeners is all.

Entering at the price I want is simple I just set the price I want and it gets filled or not. Should it get filled if it's the gainer method i am using I just do the calculations to figure out what/where the position needs to exit (at what price) to get me the number I want then I set the limit order to sell me out at that price. I also add in the fee's for the trade to the calculations so I am in getting a full 10-20% net when I am taken out. I don't have to do anything but wait to get paid.

Another method I use is the Hedge Funds method. I looked up all of the top 10 hedge funds 13f data and then looked at which stocks they own that are within my means to get a position in with my account size which is small cap generally less than $5. Those are the ones that I can afford. I can also use my short term gainer method on these as well. On this method I also cross reference the insider ownership of the company to make sure that they also own the stock as well.

I also have a 52 high pull back method that works for the 10-20% gainer method. Stock reaches a new high and pulls back to a value zone. (where it just left from). This is what jammed me up on COVS btw. I was just to early and now am getting jammed up a bit. No reason to panic as this stock is set to soar. It's already been upgraded to 18 so I am not worried plus this company is owned by Compuware so again I am not to worried about the heat right now. If goes to 50% heat then I will be starting to get uncomfortable I am not crazy about being down $700 on ANY position. LOL Warren and Charlie have both said you MUST be able to stomach that though. How it turns out is TBD. 18 would be nice as a start

Last but not least are the speculative long term ones. I am talking like 5-10 years out. Right now I am in some Graphene stocks that I don't have but $100 in that if they go they go if not I lose the hundy then I can't go to gentleman's breakfast at the strip club one day out of the week.JK I am sure you get what I mean though. The one's I AM in are the one's that showed the most long term promise in my research on them. Check out FCSMF and LMRMF if you like. Anyone reading this if you don't what Graphene is or have never heard of it I encourage you to look it up and research and study it as it could be your retirement play when and if it goes into the mainstream. All depends on which companies you chose to get into right now. Mine are above.

I do have a 50 off at 50 method as well on some of the stocks. I take off 50% of the position at 50% profit in the position and move the SL if I am using one to BE+1 or what ever is appropriate and let the final 50% ride up and then move the SL limit order to under the pull back lows each time PA makes a new high. When it's time to be out it's time to be out and PA decides it for you. No need to be crazy or greedy as there will always be another position to get at some point.


Last edited by DetroitMoney; November 6th, 2013 at 04:41 PM.
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  #44 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

Today's closing numbers

Not bad. Can be better. There's always tomorrow.

Attached Thumbnails
Trading REAL MONEY-stocks-blotter.jpg  
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  #45 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

watch list building from a scan result

For those of you trading stocks there is a cool and easy way to build and add stocks to your watch list if you use TOS charts. It goes like this.

DO your scan on finviz
go to the tickers tab and click on it
right click your mouse and drag it across the tickers. They are now on the clip board
next go to your watch list and click on the gear
click on import and click the paste symbols from clip board button. the tickers you highlighted are now there in your watch list
do this every night to build a nice trade able watch list.
BE CAREFUL once you have your list established to click the button that says "add to current symbols" or you will delete everything you have in there and replace them with what ever was in the clipboard.

You'll only make that mistake once. Trust me. Once the list is replaced you can not get it back again

Hope this helps you in your trading. Having a trade able watch list is the way to go making money with stocks.

Good luck in your trading

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  #46 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

Who you are trading against

The 10 Largest Banks In The World | Bankrate.com

I found it funny that only 1 bank on the list is in the US.

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  #47 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

Could it happen again?

You bet

This movie is scary. For those of you who get it your going to be going OMG. The dialog is unreal and if you read between the lines you'll be going OMFG!!!

http://putlocker.bz/watch-too-big-to-fail-online-free-putlocker.html

I hope it doesn't happen while I am still alive

According to an article I saw yesterday I think it said that 5% payment mortgages were already back.

http://money.cnn.com/2013/11/05/real_estate/down-payment-mortgages/

It's already started. Gotta be a way we can trade that though ehhhh??? LMAO


Last edited by DetroitMoney; November 6th, 2013 at 09:13 PM.
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  #48 (permalink)
Membership Revoked
Detroit Michigan United States of America
 
Futures Experience: Advanced
Platform: NT TOS Scott Trade Live stream
Broker/Data: AMP Scott Trade TOS
Favorite Futures: Whatever is in play
 
Posts: 86 since Oct 2013
Thanks: 19 given, 35 received

@ hodson

Might want to take a look at VG at 2.95 ish what are you thinking?

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  #49 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received


DetroitMoney View Post
I don't use any indicators at all. I do have volume on the chart however I use it as a clock more than anything else. It does not mean a thing to me as far as the way I make trades.

This is very important to stick to. I've went down the indicator alley and got jumped a few times. ::
I personally don't use indicators other than indicators that show transparency like volume profile, volume, bar timer, bar time duration, pivots, daily high/low/open/close, trend lines, and the occasionally vwap. But as far as moving averages, oscillators or other indicators I find just work when the market is trending which one should be able to eye ball and see - hey there is a pull back lol. I say the best indicator is time or the ability to fold and look for a better opportunity. I say if you're not sure about a trade simply don't take it and that's whats always helped me even though some days I don't see any worthy trades or miss some good opportunities. I always want to be able to look at my trades at the end of the day and be able to explain how I didn't deviate from my plan. I'd like to be able to show my chart to a hedge fund manager and have him notice that each and every trade was completely valid profit or loss and that there was no rash silly business.


Last edited by Itchymoku; November 7th, 2013 at 04:51 AM.
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  #50 (permalink)
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Platform: corded black telephone
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This is broken buddy

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