Try this: Lets say a person is truly ignorant. This just means he is new to a subject. Let him trade in the direction of an RTL (two bars determine an observable RTL) and reverse on each FTT. An FTT is a Failure To Traverse. He bookmarks the FTT's. If price crosses the bookmark, he reverses sides of the market. On every day he adds capital from profits and begins with only one contract. This person never does anything after this to change from this mechanical trading. However, he does limit his position to 50 contracts and always sweeps all the surplus profits after that. In 6 days he is making 100K a day. He is a beginner trader all his life. Last Friday he began short on the open by using bar 81 (degapped) and bar 1 on the open to draw the RTL. This would be a 5 min chart, for example. Bookmarking is a green line extending to the right from the FTT of the two bar container having the RTL and its corresponding LTL. Imagine Mysteron making 100K every day in seven days.
Ok here is my take on having an edge and the "experts"... a) those who have a REAL edge keep it to themselves or share it with a few who they respect, b) those who don't will sell you their book or you can pay them for a seminar to learn it. There will be a quiz later...Please pay attention!
haha Please give him a break. He doesn't have time to trade when he's posting novels on here 24/7. Jack Hershey. Any relation to Hershey candy bar you think? Jack quick question for you. How do you get the almonds centered so well in those damn Kisses?
GREETINGS! FOLKS I think I know what the problem is here-- I like to explain what it is I do even if it is somewhat unexplainable; Jack likes to confuse with zillions of scattered frequencies shot out over the Internet's bow. How to maintain an edge. STEP 1- CREATE A WATCH LIST OF TA ATTRACTIVE STOCKS. STEP 2- WATCH SAID LIST- THUS THE TERM ' WATCH LIST ' STEP 3- LOOK FOR LARGEST VOLUME IN 7 WEEKS TO TELL YOU WHEN A STOCK IS READY TO MAKE A REAL MOVE. STEP 4- BUY PPO. I am doing THAT today AND ALSO BUYING A 2ND NAME FROM OUR WATCH LIST THAT YOU ALREADY KNOW I LIKE- SPRD. Reason-- orderly pull in. Separate interesting ideas FROM LIST-, REFR, NLST, IOC, CLF, PANL RNN, NTDOY, LF, SNMX-- FROM THOSE THAT ACTUALLY LOOK READY TO MOVE-- Ultra watch for today then would be.... SNMX.... because it was so strong last week. What do they do? Well glad you asked-- this is a SI stock from YEARS ago that i forced my mother to buy and she lost on it pretty big! They are a babyish bio who specialize in the decidedly un sexy flavor market.. they makes sure foods taste salty & sweet etc and have contracts with food co's. What's the new driver? I don't know (yet) This is but another interesting name culled from my databank (head) Was I merely ten years too early?... Time will tell as they say. EDge- BUY PPO & SPRD.... hyper watch SNMX and if it continues up buy as well.... There we have it from 2000 to 3000 stocks we have two actionable ideas and a watch, it's 8:22 and I'm heading to Fire Island at 11:30. This will give me two hours to invest, buy dog food and pack up my crate. Ok lets WRAP UP LAST WEEK--- RURL IS MY FAVE NEW STOCK!!! WE ARE UP OVER 6% IN A WEEK THAT WAS DOWN 2.3%!!! UA THIS is against the grain RETAIL IS IN BEAR MARKET ZONE! What am I doing? It's a bet on two things (a) a retail bounce here and (b) a Relative Strength story developing in UA visa vi say Nike... WOULDN'T UA BE A NICE LITTLE PICK UP AT THIS POINT FOR NIKE??? I think so. Ok RURL, UA & MATK!!! Why Martek? Well again an old old stoney fave I WAS THERE ON THE IPO DAY AFTER! I know this company inside and out, owned it several times over the years and I look at the chart and say to myself... this oil spill probably hurt some competitors like Omega Protein and we are off to save all the babies in China. See ya! THIS WEEK !!!!! PPO & SPRD. JACK- THE SI 5 PICKS ARE IN AND IN REAL TIME---- RURL *** UA *** MATK *** PPO *** SPRD no computers, no algo assistance, no books read on investing, no systems, no trials, no oxygen tanks. Sounds good doesn't it-- I'm offering a FREE TRIAL-- It's called life. Well the HIGH life I should say..... ~stoney
Did I mention PPO moves like it has a bottle rocket up it's arse! This is not a stock that you can go buy dogfood and get in. Lets start with the quieter SPRD just under $9.50. 1000 shares. IN. ~stoney
9:32 PPO $ 23.91 (cleaning the bedstand) 9:39 PPO $24.47! (brushing teeth) 9:51 PPO $25.00 & turned away....... (buying dogfood)
Sure Jack. Five minutes to learn FTTs and 6 days to $100K /day... and all at the beginner level! http://www.elitetrader.com/vb/showthread.php?s=&postid=2871255&#post2871255