Actually I went long two stocks today didn't post in real time so didn't post at all, Todays a big turn up day. I would never want to trade YM Worst place to trade. Thats why they give you so much leverage. You think an exchange will give you leverage if there was a lot of money to be made consistently?
hogwash..... if YM was so bad then no one would trade it and it would have no liquidity. OK... so YM nibbled at your ass a bit.... ROLL UP YOUR SLEEVES and get back in there man!!!! Dont take no crap from YM... put it in its place. Hey, it took a bite out of my ass too..... but i bandaged up my butt and went right back in ...... if you show YM whois boss.... it will actually cough up the $$$. Just keep walking in a steady and calm manner.... dont show it no fear... otherwise you'll trigger it to chase you. Stand your ground... roll up a newspaper and wack it in the snout if it comes sniffing to close. I used to be afraid of YM.... now YM is well mannered and it even rolls on its back and lets me rub its belly. So wat do you say.... we need the old timers back in the YM thread!
Here is how you measure potential profit: Illiquid? High potential profit in the long run Liquid? Low potential profit in the long run YM didn't touch my ass, I just know better stuff to trade, where there is a lot of public money. The money is in the public money , aka dumb money. Thats what makes things overvalueed
All new trades Stops will be set at lows/highs ONLY. Less trades, Less opportunities, but we don't get stopped out at all.
What does this mean exactly? Stops set at stocks previous high/low? If so, dont you think that most other people use those same points to place their stops to, hence, causing an obvious trigger point?
Steve, Yes previous DAILY high and low. Most people get stopped out because they enter at chop sessions, @ breakout (ACTION TIME!), you will notice, it will NEVER test lows if its heading up or Highs if its heading down.
Examples of my system and the power of swing trading: I did not enter many signals mainly because the market was downtrending, and I was busy shorting. long term Shorting is futile above 200ma/50ma. All stops set at low, only touched maybe 15% Symbol , Interval CurrentChange DaysHold %PROFIT #2 days passed BECN Daily 0.28 0.27 0UP 2 4.63 BER Daily 0.20 0.19 0UP 2 2.59 BLK Daily 0.18 0.13 0UP 2 8.95 CBG Daily 0.30 0.28 0UP 2 5.29 CLZR Daily 0.23 0.20 0UP 2 6.29 #3 days passed AQNT Daily 0.03 -0.02 0UP 3 7.70 GG Daily 0.14 0.12 0UP 3 4.24 MFLX Daily 0.08 0.07 0UP 3 3.14 RATE Daily 0.17 0.12 0UP 3 7.54 #7 days passed ZUMZ Daily 0.22 0.20 0UP 8 2.36 CME Daily 0.17 0.15 0UP 9 11.16 GWR Daily 0.26 0.22 0UP 9 9.02 GYMB Daily 0.26 0.23 0UP 9 9.55 #20+ days passed PTR Daily 0.18 0.15 0UP 21 15.37 ATHR Daily 0.47 0.45 0UP 22 13.70 RMBS Daily 0.49 0.45 0UP 23 28.59 ANDE Daily 0.58 0.55 0UP 26 36.16 BOOM Daily 0.01 0.01 0UP 26 20.65 FCFS Daily 0.27 0.23 0UP 26 14.75 You will now understand my enthusiasm for my system.... Past few weeks led me to some interesting conclusions: 1)There is always a bull market in some stocks as long as the market is above 50ma . [JIM CRAMER IS A SMART CAT] 2) To think past 8 days we had downtrends but Past 8 days I had multiple stocks starting their climb ups. At first I didn't understand this, But I understand it now. Quote, "Knowledge profit to direct" lol
The time will come.. The time will come soon. NOW - <b>Waiting, I let signals come to me, not the other way around. </b> I get served, I don't serve. People who serve signals are always servants People who get served with signals become big money.
The Management of POSITION SIZING: 5 signals in one day, 50% capital , split up 5 ways. Max Capital entry in ONE DAY: 50% capital a day. example: Capital : $500 , Max entry per day $250 Max position in one stock: 20% of capital. Why is this? I don't know which stock will fly [ they should all fly, but some don't] , so law of averages. Singling out is for kids, Law of averages is for businessmen, Just like how we average out customers $65 per table in a restaurant. We average it out in stocks as well. Lowers risk, Equalizes gain. Ready, Waiting.