"It's been a pleasure to share, but I have run out of things to say. My trading strategy is as I have shown it on this thread, and any newbie can learn it. The book, "The Market Maker's Edge", by Josh Lukeman is honest talk about daytrading tactics, that I still enjoy reading." Reid Feel free to chime in at any time and thanks for some great posts. -Raider
Reid thanks for sharing! I was able to walk away with a benefit to a trading stategy of mine with your persectives and strategy. Thanks, PatrickQ
had a scratch trade in SGTL early .. no further trades .. buy and hold in most of the gappers today .. ERTS, IMCL, SGTL ..
sobemark do you do other type of trades? Like many strategies or is this pretty much the main one? I don't know if you answered this. Thanks.
chris.. yeah man ..its the only pattern i trade ... and gaps of course .. i have learned that when i stick to something i am already successfull at, i make the most money ... so in most part ..i am patient and when my pattern sets up, i pounce ...
raider .. again ..just the action of level two ..and knowing when the momentum is getting extended ... i don't take too many pre-post market trades ... but when i do , it is based purely on watching the ECN action ...
"had a scratch trade in SGTL early .." Sobe, Thanks for the further reply regarding pre-market entry on Insp. I figured it was prolly L2. In regards to SGTL. I saw that one after the fact and was thankful i didnt have it as i would have probalbly been short inside that first 3 minute bar. If its not too much trouble could you post your likely multiple entry times and exits on this one and your thoughts as the trade went against you. This one would have made me terribly nervous as it hung near the highs all the way until 10:00. Thanks in advance. -Raider