So MT was a wash ... Hope cmi keeps doin what it does I know what you mean flyinGlead, I just try to make a stop at 3 dollars below the entry Price. Currently abt is still a loss for me but I entered at 57 so not going to sell that yet ; What do you think of COV?
Actually, to keep the thread going and to learn from each other, I think I will start posting possible trades I made (in case anyone cares). Just as a warning, I barely have no idea what I'm doing ... lol Right now I am Long ABT since it was about 57, long CMI when it was at 61 and again when it was at 66 and change. CMI +200 (Realized Gain) CMI +$130 ABT - $100 MT - $200 (Realized Loss) So all in I'm up $30 over the past couple weeks ... great! lol MT was just a stupid mistake, I really had no reason to add to my position on Friday - that alone cost me $150.
My uneducated take is Strictly looking at the chart, it should be a buy if it reaches 51 before it makes a new O column Its RS compared to the SPX is still in the X column. I'm Still not up on BP% yet. However, it looks like medicals have pulled back a little. I sold out of SGP a couple days ago after it went up 4%. I see it just dropped 11% today.
COV hit 50.91 After hrs hit 51.00 Did you already buy yayt? You'd already be money ahead, but would you be a true PnFer? Do any of the PNF charts take into consideration after hr prices?
Hey, Nope, I didn't buy COV, I will probably buy tomorrow, depending on how it does. Any other stocks catch your eye? As an update, CMI +230 (up $100 from yesterday) ABT -70 (up $30 from yesterday) CMI I will probably sell half my position and hold the other for earnings - I think it's due for a pullback tomorrow ... hope it doesn't gap down! Also, I'm not sure about the after hours. Also, I think it's better to buy right before the breakout if everything else is in place - at least, according to my still-preliminary backtesting.
Work keeps getting in the way of my trading lessons. Half way thru developing my own list of stocks to scan. last 4 I picked out have done horrible. DF & TROW short, and FE and SYK long
I think SYK might do well, I was thinking about going in but I already have ABT, which is just pissing me off, but that's besides the point. Sold half my CMI position, $210 net. Other half is currently up $140. Thinking about what else to go into ...
Yayt Have you done any backtesting comparing End of Day to High/Low and only when both give good signal?? I've only been using H/L, but going back and looking at some of my bad picks, comparing both, The EOD didn't give a good signal.
I don't really like the volume and it's kind of a sloth ... took months to move a couple of bucks; that would especially hurt with options What do you think of IBN? On the Close chart it's looking like a good entry point, 40 Aug Calls As for the backtesting, I only did it with Close, not High/Low.