contrahawk
68 posts
msg #50369
- Ignore contrahawk |
3/2/2007 3:10:17 PM
Not RSI(2), not DMA (!), not linear regression, not MA crossovers, not divergences, not parabolic, not Fibonacci. . . . . . . . .
"Just pick ONE stock and learn how to trade it.
SONS, SIRI, AAPL, etc... just pick ONE.
Trade it over and over and over for a month.
Learn how to spot the trend and time your entries/exits.
Once you master that, you may not want to trade anything else.
Don't get lost in a "sea of indicators"... it's not about indicators, it's about profit!!"
Guess who. . .or use search function to find out.
Jim
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stocktrader
294 posts
msg #50374
- Ignore stocktrader |
3/2/2007 10:11:06 PM
Concur with that!
By day trading ~1000 trades per year I can feel the "sentiment" in the trading just by watching bid/ask and volume. Indicators and level II are just confusing.
Although I have indicators, they are the "last" thing I might look at before an entry.
Learning to take the cash is hard for most people. Greed is good...
Nice to see someone at SF like contrahawk that knows how to trade!
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limestar
79 posts
msg #50376
- Ignore limestar |
3/2/2007 11:54:30 PM
Yeh I'm starting to like the idea as well, but instead focusing on like 5 stocks and just getting to know them inside out.
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retired
28 posts
msg #50380
- Ignore retired |
3/3/2007 9:27:11 AM
**************** BINGO *****************
Retired
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TheRumpledOne
6,411 posts
msg #50382
- Ignore TheRumpledOne |
3/3/2007 10:21:08 AM
Hey LimeStar:
One has to "crawl before they walk" that's why you start with ONE stock.
Three or more is called "juggling". Takes one a while to master juggling. And dropping just one could be costly...LOL!
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maxreturn
745 posts
msg #50386
- Ignore maxreturn |
3/3/2007 10:44:08 AM
Ok. This begs the question. If this is what you all believe, why subscribe to stockfetcher?
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retired
28 posts
msg #50387
- Ignore retired
modified |
3/3/2007 11:34:44 AM
Where else can you find all this wisdom in one room?
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binhp
71 posts
msg #50391
- Ignore binhp |
3/3/2007 11:51:51 AM
Great discussion folks !
When we are in this downturn, how do you trade your ONE stock ? Short or long ? Buy put or call ? My strategy is buy put option until the selling is done. When the bull is back, buy call option on the stock. This downturn can be lengthy.
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petrolpeter
439 posts
msg #50392
- Ignore petrolpeter |
3/3/2007 11:54:18 AM
Change your one stock to QID:)
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contrahawk
68 posts
msg #50395
- Ignore contrahawk |
3/3/2007 1:08:50 PM
@ maxreturn: This is the #1 thing I've gained from SF. . .there is much more but this is tops.
@ binhp: my one stock is ISRG. I selected it because of liquidity and volatility. The daily handle is about 1,000,000 shares and the average true daily range is about $3.60. As a part of "specializing" in ISRG, I know things about it that help me trade it. There will, no doubt, be occasions for taking both long and short positions during next week. That's where the trading comes in!
Jim
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