I should be able to get caught up in replies within the next few days. Some really good posts and comments so thank you. I am playing catchup with school as my books came late and SSYS took way more time today than I thought it would. Mixed day today I only had one trade today and it was with SSYS with the B8 short. I closed out a pretty good gain with it but I was unable to get target so I traded it back and forth today. I am still holding overnight but I would have rather just closed it out and called it good. But of course that is allowing my emotions to come to the surface. the odds are very much in my favor for a retrace tomorrow and if its decent it could be the making of a good day. I did miss out on CPO though which was called out in the chat but I was not reading the chat and missed it. That would have been a really good one as well. SSYS + 357 + 357 - 3163 Month
Was for the most part a slow day SSYS didnât do much for me by carrying it over. It came to just better than my basis and then stopped me out. Later in the day today I was watching it for another short but never received the signal. I will be watching it tomorrow to see if it closes above the high today and at that point I would be looking to short it again for an overnight. + 17 CREE was a gapup short that I was very small in and about as conservative as I could be. Other than not having any size on the trade it was good + 56 RMBS was a long as we were going into the last hour of trading as it was making new highs. Pretty much the opposite of what I normally do as I added to the trade as it went higher. I started with it before it broke through 24.50 when it looked like it would test it. It broke through and then traded around it making brokers and market makers a lot of money. stopped out. I have not officially backtested the idea yet but based on watching strong stocks during the day making new highs with just a little more than an hour to go seem to offer an edge by going long. I am planning on backtesting to see the actual results in a few weeks + 18 JEF was my only B8 overbought B8 today. I stayed small and I also sold the top + 103 + 196 - 2967 Month
Pretty good day today I partially missed one trade today due to multiple signal alarms going off. I made a change to make the B8 have a different sound as some of the alarms are for non important things if I am not actually trading the stock. At least I was able to get a small piece of it. CMA mostly missed putting on the size I would have liked to but unwilling to chase it beyond what I would have entered in for anyway. + 112 I had two W2 daily signals and both worked out well. small size on both as I am just getting used to going live with this signal. INFY + 91 I was at first stopped out of this short for about a loss of 41 and when it came back I entered again and made it back. RRC + 192 signal put me short at 51.92 and I was able to ride it down for a very large part of the move. I took half off at 51.11 and let the rest go for a while longer. I didnât actually get stopped out by the chart on a qualified break to the upside. The false breakout cost me some gains but overall it was a good trade and a good day for the signal. + 397 - 2570 Month
Hi Nod, I agree. being disciplined 99% of the time is not good enough. I would guess that most active traders are less than 90% though. The very top money makers are probably better than 99% I like the sim trading. I used to never take it serious enough. Now i have been able to put my head in the correct place so that I can get value out of it. Like a pilot learning to fly. Its important to ride on a sim at first to get used to the aircraft. When I learned how to drive a submarine in the Navy they first put us in a trainer that gives the same feel. The fills seem to be better than what I was expeecting as well. what I mean by better is that it "feels" very real for Thanks again Nod !! Respectfully, Robert
Hi Robert, Appreciate the thread... Although you're in the red for 2570 during the month, what's been your performance each year since you started the thread? thanks, Walt
Hi Robert, I have been reading your posts for several weeks now. You have often mentioned signals like WW, W2, etc. I don't have a clue what you meant and didn't find likely answers from google. If you don't mind, could you elaborate it a little bit? Thanks a lot.
Its a question I get asked a lot. WW and W2 are two that are named after Will and B is after Brenton. Pretty much they all are names of people I know or dogs I had etc.... Its just a way for me to keep track and be able to look at a trade and understand why I entered when I did. I guess at the point where they are on google it means I must really be doing well : o ) I have been strongly influenced by Tom Demark and that can be seen by my B signals (I don't actually use any of his signals directly though) but I also now have the W signals that are more trend following. I have about five that I use often and another 20+ that are waiting to be backtested etc... before I will be able to know if any are any good(no time lately to do so) Have a good weekend Robert