karennma 8,057 posts msg #56051 - Ignore karennma |
10/26/2007 9:31:33 AM
Hey Mark:
I just read your ad on crispstocks.com, which certainly makes a compelling case for just buying and "holding" momentum stocks.
There's no doubt that method works quite well, especially when you catch those stocks at the beginning of their rise.
I certainly wouldn't choose to sit at home all day trading stocks when I can simply buy and hold stocks like ISRG or FSLR cheap and hold them as they make their meteoric rise and I make millions.
Clearly, selling ISRG in September was a mistake.
But, how would I have KNOWN in September, that a month later it would be $100 higher?
I never should've sold CROX. I never should've sold RIMM or BIDU or FSLR or GOOG.
Heck! They're momentum stocks, right?
This market has no "top", right?
They're all going higher and higher ... $100 a month right?
Now, I ask you, how would I know that ahead of time?
Everytime the market "corrects", how do I know it's not a reversal?
How do YOU know?
At this point, should I just buy BIDU, CROX and ISRG and blindly assume, they're going to $600? I say "blindly", because obviously you see something that I don't.
I'd love to do that. I'd love to go the ice-skating rink every day during market hours knowing my momentum stocks are making me millions ... my trading account would be on "auto mega millions", like a slot machine in Las Vegas; just like 1999.
Should I assume the DOW is going to 30,000 in my lifetime, as James Glassman's book suggested 7 years ago.
If that's the case, I'll gladly do as your website suggests.
Less work for me, and I like that!
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SAFeTRADE 644 posts msg #56064 - Ignore SAFeTRADE modified |
10/26/2007 5:15:39 PM
I am not Mark, but here are some long range tools I found that have helped me.
The cross of ma(50) and ma(75) would be a good place to start. Check with IBD or Zacks to see if any of these would be good candidates to buy long. Look at how the other indicators line up. Find something that works and believe in it.
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welliott111 98 posts msg #56075 - Ignore welliott111 modified |
10/27/2007 11:14:12 AM
Not Mark either,but here's a modified TRO "jumper" filter that might work well when stochrsi(8) bottoms out on both spy and stock
These are kinda pricey,but should work on call option.
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karennma 8,057 posts msg #56076 - Ignore karennma |
10/27/2007 11:54:52 AM
Awesome!
Thanks guys.
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TheRumpledOne 6,411 posts msg #56079 - Ignore TheRumpledOne modified |
10/27/2007 1:17:10 PM
Just added some display columns.
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TheRumpledOne 6,411 posts msg #56080 - Ignore TheRumpledOne |
10/27/2007 1:20:14 PM
Just added some display columns.
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SAFeTRADE 644 posts msg #56106 - Ignore SAFeTRADE |
10/28/2007 10:39:49 AM
Thanks TRO. I added lines on the RSI(2), RSI(14) and the ADX. 75 on the Weekly RSI(2), 68 on the weekly RSI(14) and 20 on the ADX.
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markcrisp 187 posts msg #56140 - Ignore markcrisp |
10/29/2007 10:00:44 AM
wow i am flattered....Hey shorties on BIDU, DRYS and CROX over the past 4 months...nice...real nice calls.
Good trading isn't all about T.A. and rules.....
CU
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