Yes, It is possible. Real Time Idea's for "This Market"

I find that many traders will lose a lot more money trading the indexes than they would otherwise by just focusing on stocks. I think the reason for this is that many traders will use the indexes as a leading indicator for the stocks, and then when they do try the indexes they don't find a lagging indicator and this screws them up. The best thing to do is to focus on relationships. By that I mean focus on how, for example, the Nasdaq is trading vs the DOW and the SP, the TICK, the TRIN and the days leading stocks (both up and down). Are the Q's making a new daily high, but the TICK is making a significantly lower one, and the DOW and SP are not confirming either? Things like this will provide you valuable clues and allow you to trade them profitably if index trading is the route you choose to go.

Brandon

 

[10:47] {Brandon} 10:47:27 BUY ALERT : SMH above $43.50
[10:47] {Brandon} 10:47:34 Attention: stop under $43.10

 

SMH not giving as much as one would expect. Close it with small gain.

 

How many breakouts did you take this time? Huh?
For those who expected a repeat of last wednesday of course it wasn't going to happen. Most huge gaps make for very dull annoying day last wednesday (the" no brainer day") was the exception. Today was the no brainer, you should just have stayed in your bed.

 

that's an unprecidented 6 replies from yourself to yourself based on your last post.

do you ever win those arguements against yourself?

 

I took four. The SMH which you saw posted here. Also RETK long from 27.15 to 27.90, SNPS from 52.05 to 52.58 and RTEC from 29.28 to 29.80.

Sorry.

 

Many people have mentioned here that the best way to trade is to "specialize" in one stock. I completely agree with the idea of specialization and think that the best traders do know just a few things, but they know it inside and out. That can be one or two stocks, or a few patterns. For myself, I tend to look at a few patterns. Many people seem to think they don't work, but if its all you look at, and you make it your business to understand them, then as you can see from the results I've posted here nearly every day, one pattern does just fine.

Brandon

 

ignore the peanut gallery behind you and keep posting the good stuff

 

I second that, Brandon.

 

Hey! thats how I can move up from junior member -- start an argument with my self. post comments like 'yes you do!' 'No you don't'. soon I'll be a Senior member!

Ed