My TA timing is almost 80% perfect IMO Add this to accurate STOCK picking And you've got something real hot. real hot. real hot. real hot. All the best ideas come when I'm not trading.
You need to chill CW, you said this exact thing last time and then had to tone it down when it didnt work as well as planned. Why dont you wait until you can consistently make money with your new system before claiming 5% returns easily every month? You seem to get too overly excited without any real evidence of consistent success.
Good point steve, my next trade will be small so One thing though: My TA system has been the same the whole year, it was created a while back , the time frame just changes like 3min -> 15 min -> daily -> weekly Only problem I have right now is the stock picking but yep, I'm not going to go all out on any of the trades, was just saying in an excited "as a matter of fact" way The memory of that blotched TXU / TDW/ energy play is very clearly etched in my mind
Its great to be excited when new ideas pop up. Just stick to your plan, keep your head level and see what happens
====================== Yes, coolweb, & even though 50 dma is cleqrly bearish on HAL now; remember @ the time most everything was lining up on that profitable trade, timing , sector,stock ,gap ups, market. murray
and don't forget may shareholder meeting produces 2/1 stock split on Halliburton which usually spikes oils to upside before that happens...by the way i own some hal and love it......bgt is recently........not much but a few.........buying the dips......
BTW I covered KBH early in the morning after it spiked passed my entry 64.96 Covered @ 65.05 something was wrong + market was heading higher. Entered today: LONG TKC : 18.11 Personally think the market will go down But I like this stock very much Stop lost : 18.05 TKC
Will be buying GILD on monday. Half a size depending on market. I love my style of trading now, I don't trade much, make more money. THe only thing I don't like is I was not diversified enough , Check out NVDA? Nice? $49 -> $58 <b> That trade could make the year in 5 days! </b> Exactly how I pictured the price action to be. I'm not a trader, I'm more of an investor now, But I think its for the better. Trading is hard to perform day in and day out. Extremely stressful when I was doing it and I was using semi-automated! I highly respect the traders who make their living from trading. I like to trade once every few weeks, Buy and hold until the next signal, Great results. Try not to put all your positions on one gamble, Thats always scary. Add on bit by bit. I missed out a few signals already that could have made me 10% , But thing I really noticed is, Signals come ALL the time, Some sector Stocks move up even more when the market is stagnant! You just need to sit tight, Its always around, Flow with the market. The problem with traders when starting out is they want to make money NOW. Its like dating a girl, you want to FK now , but the more you want it, the less you'll get it. Once you ignore, Focus on something else, now they want you instead of the other way around, And thats when you get it. I don't look for my signals anymore. Signals scream and look for me.