Retire, great performance!. Question...How do you deal with gaps in stock prices?, and what time frames do you use?..probably a daily, and what else? thanks cm
Cm, Mostly Dailies.. Hourlies to set trade triggers.. Gaps? I trade a list of stocks that rarely ever gap and prefer to avoid earnings reports. That's why no Biotechs, next to no techs or Precious Metals stocks. If I look over scan results outside my list (which I shouldn't), I immediately delete and Stocks with large gaps. Rashid
Cm, Always the same. From time to time I weed it whenever a stock becomes too erratic.. RYL, for example.. MTH cleaner lately.. as If RYL is getting manipulated lately. Rashid..
BIDU has a very nice breakdown for a trip to 340, then gap at 320 if that doesn't hold. I don't like trading it as I detest it's behavior. Anything's possible with BIDU in the Morning.
A bit messy this morning.. Stopped out of RYL.. The size of the position considering RYL had been down 3 days in a row added up to a likely stop out. An oscillator may be better to trade RYL current behavior.. Loss in SKF from 105 down to 103.5.. Long TBSI 49.2 Still Long HMY, Short VLO.
SP Looks like Short overall BUT Hourly going long.. How 1405-1408 is handled will dictate rest of month.. We'll see..
Ok Week... Seems the Key to endlessly trading per plan and utilizing the full account is to lose one's mental value attached to say.. $1000. I must in my mind see it as worth less and less as account grows to remove the apprehension (fear?) I've been feeling lately. Percentages, Percentages... all that matter. Looking forward to a Cleaner week...