Trading breakouts

Discussion in 'Strategy Building' started by gifropan, Jan 12, 2010.

  1. GG1972

    GG1972

    Closed 1/2 LMT(+$4.60) CLF PSA RTH TD Stopped out DLTR@57.62 Intiated today FCX NUE PCL

    Wishful thinking wanted FCX to close above $82 it did :) or going to I hope current 82.20
     
    #71     Mar 16, 2010
  2. That is only true when it is true. But that is not how markets work. They can go up and down and sideways in wildly unpredictable and unmiaginable ways, over and over, or just straight in one direction, or anything in between.

    I seriously wonder how these paper traders expect to get an account, and just pick up money off the street...
     
    #72     Mar 16, 2010
  3. GG1972

    GG1972

    Traderzones = deprived as a child still crying no, no no no no no ...............
     
    #73     Mar 16, 2010
  4. GG - nothing to say and proud to say it
     
    #74     Mar 16, 2010
  5. GG1972

    GG1972

    fwiw closed ECL 43.60 too much sideways action made +.20 :) gonna be real rich soon
     
    #75     Mar 17, 2010
  6. look at mlm
     
    #76     Mar 17, 2010
  7. GG1972

    GG1972

    wow MLM --get it? trades avg under 1mil shares thats why probably fell under the radar but still a good one-lots of under $10 ones breaking out now too
     
    #77     Mar 17, 2010
  8. no i didnt catch it, but its ok I have enough positions on my plate for now. I'm holding wynn, and expect that to break out.
     
    #78     Mar 17, 2010
  9. I like JCG. I'll take 1% at the break of highs at 45.90 with a stop just below 44. If we break 44 , then I'm looking at 42 for support. Thoughts?
     
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    #79     Mar 17, 2010
  10. NoDoji

    NoDoji

    GMCR's been on a breakout rampage lately. Looks like it's safe to buy 1 tick above every new 52-week high.
     
    #80     Mar 17, 2010