By the numbers. 1. Jack, How do you buy at the bottom of the cup? Recall that I suggested that I own 5 of 8 stocks that a protogege of W. J. O'Neil was offering at a workshop as possibly cups and handles. What this means is the workshop was getting advance warning that the handles were forming. When I said I owned 5 of the 8 at the workshop, you can say this to yourself: "I think Jack is buying before the protogege gets the idea that a cup and handle is coming." You say further this thought: "Gosh the protogege said in the workshop that Jack has given him, at his request, the best workups he has ever gotten." The workshop is in Scottsdale by invitation and all of the people there are high rollers. You conclude and say to your self: "damn, Jack doesn't give a fuck if it is a cup and handle, he is trading these suckers before the IBD crowd even catches on". His trades get pushed by the herd. On POSO, did you notice that little gap up after the initial break out buyers were in? No you didn't. You can say further (to yourself) that: "Jack just posted a stock that a guy with no money and no stock broker account could have just made 600% on instead of only 300% if he had just traded it as a cup and handle." 2. The handle hasn't formed by then so you don't know it will be a C+H. I don't give a fuck. I buy at bottoms because I get the stocks on my short list just when they hit the bottom and before they break out up in price. People named what I do. It is called by them "Getting Tomorrow's Newspaper Today." Why would people name what I do with a name like that????? Here is an example: I buy cup and handle before they appear in IBD as cup and handle recommendations. The different is 600% minus 300% which equals a 300% difference. 2000 dollars times 600% is 12,000. 300 times 2000 is 6000. That is a 6000 dollar difference. In terms of your condo rent, that is 13.3 months rent on one trade with 2000 clams. 3. Do you just buy rounding bottoms? NO. I buy stuff from my short list; A round bottom takes time. I buy on BO and turn the stock for 10% or more in 6 to 8 days when it peaks. 4. How about a few that you are looking at right now? this is a repeat question. Are you loosing it? I gave you a fishing outfit the last time you asked. Post my list. You should have it there now. Go to stocktables.com and get it. Adjust it to 100 stocks and be sure to chop off under 10 bucks. Adjust the length by using EPS and RS percentile choices. Be sure to sort by increasing volume to get the stocks in the right order. Use the top 10 increasing price stocks at the top of the list as sevens. Do the bottom 10 as 0's if the volume is above illiquidity level you chose. Above those scarf off the next 10 as 1's. You now have a list of 30 stocks. The 7's have BO'ed and are starting up. The 0's are going to BO on friday or Monday (Tomorrow's Paper Today.) The 1's will BO on MON, Tues , or Wed. Post their DU and FRV and Peaking volume. Post their ranks from the assessment sheet (upper right corner). Only do the 0's and 7's and 1's that look best. To look at all 30 of them to do the assessment, go to clear station.com and set up three porfolios for yourself. Label them 0's, 1's and 7's. You can bulk review them in each portfolio. Fill in the assessment sheet for the first oneso you know how to run through them to size them up as possible competitirs for highest rank. Rank is in units the units are money velocity as a daily % of price. Since the assessment sheet is on excel it does all the math for you automatically. 5. No offense, but anyone can pull out an old chart and say "See, this is how you trade!" I was being lazy. I am editing 700 pages of stuff for other people on an ASAP basis. POSO and LU are my cheapy indicator stockpair, on contrarian (POSO) and (LU). There is a value in my posting here. You are now an example at several universities. Google wise. Several people are looking at transference and there is also a sub interest in two other factors. NLP and the statistical significance of where you fit into the spectrum according to several things. Another factor is learning specifically how difficult it is for a person to take first steps to begin to learn. Your style is common for people in fear. There is a psych thread here where they are debating "fear of success." You tag is different but that is an example for you of a category related to fear.. As a "taker" and one who is defensive, you have a very edgy character. So far you have done nothing to start your process for getting rich. It is simply not debatable. From now on, can the insults when you post to me. What you are assigning me to be is the opposite of what I am. Get past where you are sitting now before you post and address stuff to me. No more bullshit and games.
gee sys bubba i must admit i can't even begin to get myself to read your verboseness. i admit to maybe missing out but i will take that chance..
Jack, I just call it how I see it. You claim to buy cup and handles at the cup. You must know the future or something because a rounding bottom doesn't always form a C+H. Also I checked out your "journals". They aren't journals, they are just repostings of your stochastic idea. I have heard you make all these claims on here but unless I have missed it I have yet to see you make a good pic in advance. As far as I am concerned you are just getting off on having a bunch of worshippers. You keep claiming I must be a poor trader, but that isn't true. I am making money and I have only been daytrading a month or so. I'm not doing it with your method so you have your panties all in a knot. Between your outlandish claims and your garbled language you can't expect everyone to take you seriously, can you? So come on, lets see your brokerage statement with you making 10% every eight days or so. I would love it, and I'm sure that would cement your guru status on here.
I just don't get it. Baggerlord has brought up some great points and I can understand why someone would hype up their trading results as it seems Bubba is doing if this were a hiring contest for a sweet job or trying to find someone to stake their account, but geeesh all this is is a discussion board.....
Well, back on topic here, I would recommend for a low $ account, to trade the NQ instead of the ES. I've been trying that lately and it is much gentler on your account. Lets you use more realistic stops. I know I have been wringing my hands much less during trades since I switched.
play low priced options and let your balls hang out there, its only 2k anyway. What would you do with it anyway, but 2000 twinkies!
If I were wiped out apart from $2k, and if commissions were dirt cheap, if I had zero living and eating costs, and if I could get a FREE charting service from a friend (otherwise the charting service alone would eat up the yearly profits), I could possibly turn the $2000 into $4000-$5000 in a year (under normal, non-bubble market conditions)... an excellent % return, but hardly enough to live off... the point I am making here is that there would be too much effort for too little absolute $ return... on the basis of my perceptions of the probabilities, my year would be more constructively spent in Macdonalds wiping floors than trading with $2k capital (unless of course I broke rational risk parameters and took crazy risks with the $2k)...