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Trading REAL MONEY
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Trading REAL MONEY

  #51 (permalink)
Elite Member
Naperville IL
 
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DetroitMoney View Post
@ hodson

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

it is in double resistance area, all depends on how it approaches $3

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  #52 (permalink)
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DetroitMoney View Post
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.

lol I remember back when I was in high school and I played the stock market game for a stock class I took and the only strategy I did was look up the top 10 highest gaining stocks for the day and I'd go long on them. I won the stock game but little did I know this was back during the dot com boom.

Nowadays I simply scan through a couple hundred stocks before the market opens and look for the best long pattern to trade a breakout and a short pattern to fade a rally at a previous high and hedge them against each other. I do a quick little bit of research to see if there is any good or bad news about the stock's fundamentals just so I'm not caught off guard. When shorting a rally it's especially important to know why the rally occurred so the short doesn't get stopped out because of strong fundamental data and vise versa for going long on a huge sell off.

here's my long breakout pattern ( I usually look for symmetrical or ascending pennants on an upward trend. )
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here's my short rally fade pattern
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Sometimes when I see these macro patterns on an index or commodity future I look for strong moment to get in on a quick pull back when the instrument starts taking off but unfortunately I don't have enough capital to day trade stocks in conjunction with my swing trades and my futures day trades. :/


Last edited by Itchymoku; November 6th, 2013 at 09:10 PM.
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  #53 (permalink)
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I updated that movie link.

Thanks for posting your charts.

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  #54 (permalink)
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Itchymoku my analysis is fairly painless also. I do the scans nightly transfer the results to the watch list in TOS and run the charts in each one. The ones I decide on I transfer to my trading watch list then the next day pick the best one and buy it.

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  #55 (permalink)
 Vendor: www.probabletrades.com 
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DetroitMoney View Post
@ hodson

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

That would break the 9/20 low but is support from the 6/10 swing highs. Buying there would be buying a double bottom. Take a shot there, place a stop at 2.65, could work out. At today's price it's reached the 50fib of the recent meaningful move, but it's falling so fast it's hard to step in front of that, not sure where I'd put my stop.

What is it about VG that keeps it on your scan? Mobile carriers tend to be good dividend payers.

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  #56 (permalink)
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DetroitMoney View Post
Itchymoku my analysis is fairly painless also. I do the scans nightly transfer the results to the watch list in TOS and run the charts in each one. The ones I decide on I transfer to my trading watch list then the next day pick the best one and buy it.

Gordon Gekko: I look at a hundred deals a day. I pick one.

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  #57 (permalink)
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@Itchymoku I don't care what anyone says Gordo rocks!!
@ hodson the hedge funds like/own VG and its in that watch list so it stays in.

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  #58 (permalink)
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DetroitMoney View Post
@ hodson

His username is @shodson

Mike

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  #59 (permalink)
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I use S&D+PA in my trading and that's pretty much it. I have trained my eye to see the value areas. I don't even mark the charts anymore unless I am posting it. Most of the time in the futures I'm trading I just wait till PA gets to the zone I am watching and I just press the button. Very hard to do mind you because most of the time then PA is trending up or down. Today had it wrong big time and got worked. It happens.

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  #60 (permalink)
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Sorry shodson . In my other business everyone gets called by their last name (or f###head depending on what got f###ed up). It's just habit. No disrespect meant.

Lets thank mike for bringing that up.

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