juha
52 posts
msg #49349
- Ignore juha |
1/18/2007 1:17:18 AM
>I don't think they can even beat the spy benchmark
>Do you follow the no trading rule during first 1/2 hour and last 1/2 hour?
Guys, are you crazy???? How can you perform worse than SPY if you can do several %% per day without any problem??? Are you kidding? May be you mention day traders who have billions of $$$??? If you trading you personal money and you are not billionaire than you can do 3 digits performance annually.
Not trading first 1/2 hour??? Kha-kha-kha!!! I always enter into position in 10-30 minutes after opening pre-market i.e. 8:10-8:30 a.m. Lots of volatility here and in many times it's really easy to trade !!!!
for those who interested:
Mostly I allocate around 20% of my money into one positions, some time up to 30% of account per positions and always set stops less than 10% above/below enter, so average risk below 2% of account...
NEVER had target stop, but always set stop loss within 5 sec after entering into position.
|
luc1grunt
622 posts
msg #49352
- Ignore luc1grunt |
1/18/2007 6:59:37 AM
I'll ditto juha. Over 80% of the account in one trade with a very tight stop (mental). No holds over night. In an out usually in 15 minutes and then I try to "stay out". 0940-1000 Eastern is fat with opportunity. As I said, 2% a year return may sound low...but that is 2% of the traded dollars. Funny thing, 11 of 13 of my trades since 3 January have been short. I'm sure I'm well open to criticism at this point, so I'll stand aside.
|
juha
52 posts
msg #49353
- Ignore juha |
1/18/2007 7:30:37 AM
since Jan.1 most of my trades was short... I'm enter the trade 8:10-8:30 a.m. most time and cover positions 1-7 hours later... an average, 50% covered in 1-1.5 hour, 50% covered closer to end of the day....
|
Muddy
55 posts
msg #49355
- Ignore Muddy |
1/18/2007 8:39:16 AM
Juha and Luc,
Great comments!! Almost a carbon copy of how I do it.
STSI DSTI yesterday and done before 10:10.
I'll be back later,right now gotta track down HOKU and maybe MACE if gets volume, among several others.
|
luc1grunt
622 posts
msg #49356
- Ignore luc1grunt |
1/18/2007 8:47:24 AM
Muddy, I like the intraday momentum moves you are tagging and will investigate when my situation allows (career marches on). I've found the sweet spot for my current trading "availability" and will stick here while I have to. Soon, though....soon.
|
luc1grunt
622 posts
msg #49357
- Ignore luc1grunt |
1/18/2007 9:14:12 AM
I would like to see some of these "scalper" studs churning 200,000 plus shares a day in action. That's a little beyond my comprehension at this point.
|
Muddy
55 posts
msg #49360
- Ignore Muddy |
1/18/2007 12:10:04 PM
HOKU is RIPPING IT
6.25 as of the moment
Luc,whatever works for you is great.
I play even less per stock than you do probably;
Agree about about the 200,000 plus shrs a day.
|
Muddy
55 posts
msg #49363
- Ignore Muddy |
1/18/2007 12:51:22 PM
6.60 now
This ain't rocket science
|
tulanch
24 posts
msg #49365
- Ignore tulanch |
1/18/2007 4:28:55 PM
Thanks Thanks Thanks for mentioning hoku, curious did you find it watching gap ups, volume spikes, and HOD as well as an rsi(1) very low a few days ago?
Oh did I say thanks for mentioning hoku :)
|
Railwhore
69 posts
msg #49369
- Ignore Railwhore |
1/18/2007 8:00:20 PM
"No trading during the first 1/2 hour"?
I agree TRO. I just added that cause many books I have read advise against this. But using your 60m/5m technique, time really doesn't matter anymore :).
|