posted
I put in a filter and look at things with more than 20 trades per day.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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I'm happy with doubling every year! If I can get that! Here's me. Started with $3K, I contribute $225 every month. Put $4K additional last year. After 4 years, peaked to $70K now in the $50k's waiting on more news. Made about 400 trades. Bought only stocks that looked like near profit the next quarter or, the next 2-3 Q's. Jumped out on a limb on only 2 with large dollars. Bought in steps and sold on news... sold sometimes in steps. LOOK for one about to have news...
It takes some work to find one with coming good news. Sometimes luck. Investigate the company you own and keep doing it after you own it. Learn to read a pro forma inside and out. Call the CEO or president to get an answer. I think everyone is different. This is my style.
I'm not a daytrader or expert trader.
Posts: 39 | Registered: Dec 2004
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To enter a position in a stock... the stock has to have a daily trading volume of at least 300,000 to 500,000 minimum... to provide liquidity if you want to get out quick or enter quick... Posts: 4669 | Registered: Mar 2004
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Sorry about my poorly worded question, what I ment was in regards to a specific stock lets say SIRI. SIRI's indicators (RSI, OBV, Stoch)were showing a potential bounce within a few days but the volume was tradeing below its three month average. So my question is would you buy a stock which looks great as far as indicators go but its volume is lower than its 3 month or one month average.
Appreciate the responses very much. Thanks
Posts: 11 | From: Minnesota | Registered: Jan 2005
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you mean your moving averages? .. Moving Averages tend to act as Resistance and Support... i would trade when it breaks out of it's Resistance (usually 1 or all 3 MA's.. i use 20/40/60 day MA's) ...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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It would probably clerify things if i just outlined the entire situation regarding my question.
Last Friday I was considering buying SIRI. I had noticed that the RSI, OBV, and slow Stoch were showing the beginning of a bullish trend. Also it had formed a morning star when it bounced off of the lower bollinger band. Everything looked great except for the volume traded was 70 mil which was low by comparison to the 3 month average of 110 mil. Would you make this trade even though the trend was forming off of low volume?
Posts: 11 | From: Minnesota | Registered: Jan 2005
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I wouldnt consider that low volume but that is just me.. if all other indicators are Positive includine the Candlesticks.. I would enter it but look for confirmation first...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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