At no time today did YHOO give any indication of going up. There was no reason to try a long trade on it. Go long stocks where the last price is higher than the low and higher than the open, in a consistent upward movement, making new highs. That would be like YHOO going the other way.
"RIMM good for + $991" Your average buy price for Rimm was $65.57 and average sell price for RIMM was 65.91. That's +.34c or +$340 on 1000 shares. Where did the $991 come from?
I have been following karol and sobemark journal posts. Both very interesting and informative..Sobemark , are you using any software to help you scan for certain stocks that meet your criteria ? and the bollinger type set up you are using is based on 3 min. simple moving average as your middle line & a 1% standard deviation between the 3 min. simple avg. to build your upper and lower channels/limits..Is this pretty close to your calculation. You have been very successful even in a horrible market today. Congrads.. I have been using Wealth Lab. Developer..with some success. Any thoughts. Thanks.
i use realtick softare w/ hottrend scanner ... but sometimes my hod/lod scanner is quite sufficient ... yes that is my chart set up
Right. But it seems to me that if all your three buys were sold at a higher price you'd be looking at $1000, not $991. But my figuring could be wrong.
I just closed out two fades short gpro and long plmo. Would not have even thought about it unless I read your posting. Lucky, maybe, but I like to think that this is a valid strategy, keep the posts coming.