posted
My shares sold at $28.60. I have to admit that I may have been lucky, because that is the high for the day so far, so it's possible that some people may have had orders in to sell at the same price that didn't fill.
posted
LOL. Look at a chart for today for RJF. It hit my sell order at $28.60 and then fell off a cliff, down to under $28 and then rocketed back up to $28.60 again, all in about an hour.
posted
I didn't want to tell you this because I didn't want to jinx you, but I DID buy some RFJ at $25.13. I sold half of it at $27.75 (which caused it to rise LOL) and the other half just filled at $28.61.
Today I feel like this trade will work out.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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posted
I was gonna tell you after I sold out but before you did, but it turned out that we sold out at the same time. I would've liked you to be the beneficiary of "the jo effect"
Thank you for the pick regardless. It's one I didn't lose money on
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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posted
You've made money on a couple of these, right? Hopefully some people here are able to make a few bucks. I definitely feel like this strategy is a solid one. I think 8 of the last 9 have made money.
posted
Yes, I made profit on three of the three that I played (MCGC,NCS, RJF). Coming from me, that is an awesome record. Thanks.
JO Edited to add:
Hmmm, I went back and looked at these. I hate to be tempted to up the percentage gain goal, but after taking the 5% each of them went up after I sold. (which is hardly unusual for me, but it seems your form-4 thing might be worth trying for more than 5%)
MCGC sold at $11.80 now $13.03 and change NCS sold at $27.00 now $29.64 RJF sold at $28.61 now $28.93
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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posted
Well jo, here's the reason for my 5%/5 day thing. I'm putting 100% into each one(100% of the money dedicated to this method, not 100% of my portfolio), so selling after 5% or 5 days frees my cash for the next one. As I explained to a coworker today, If my choice is 5% in 5 days or 20% in 6 months, I'll take the 5% in 5 days and do that hopefully once a week or more.
Basically there seemed to be a pattern of an initial spike quickly, then a pullback, or at least diminishing returns from there.
Plus, I try to take them off my watch list shortly after I sell, so I don't do just what you're contemplating
posted
My personal goal is to get you back in the black in the next couple of months
quote:Originally posted by Jo4321: Yes, I made profit on three of the three that I played (MCGC,NCS, RJF). Coming from me, that is an awesome record. Thanks.
posted
Good idea, to take them off your watch list. I hadn't really looked at those other two until just now and I was happier with my profits before I did that! LOL
Yes, I'd love to get back in black. I just won't tell you which ones I buy, LOL.
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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PC's pretty good at what he does. If I were you--which I'm not, so obviously you can tell me to fly a kite into the lake--if his trading style seems to work for you...give it a chance.
just my two cents' worth...
[ February 02, 2008, 01:00: Message edited by: T e x ]
posted
Wow, fly a kite AND jump in a lake? That's harsh
I think jo needs to learn to trade like a robot, get all emotions out of the way. It's funny, because I am notoriously impulsive, but I've gotten to the point where I have one account that I am trading solely with this method, and have been following the system exactly. (I won't mention the other accounts wher I still trade like a moron...)
Jo, it may mke sense for you to do something like that too. Have one account with more money for whatever system works for you, and another one to do your impulsive trading.
quote:Originally posted by T e x: Jo?
stop. I mean it.
lol, we've been through this before, dear...
PC's pretty good at what he does. If I were you--which I'm not, so obviously you can tell me to fly a kite into the lake--if his trading style seems to work for you...give it chance.
Yes, you are right. I need to take emotion out of the equation. I've heard it before. I am starting to do that more. I think the percentage rules help with this. I never am as upset with missing out on additional profit as I am with taking a loss. So I need to stick with a plan and slowly work my way back out of the hole. Then, when I have more capital I may be able to take the risk of staying in a bit longer to get a better return. But for now, heck, even if I could add $50.00 profit per day, that's still more than I make at work.
Thank you all for being concerned and for being helpful and not overly judgemental (Tex LOL). I can't really talk to anyone IRL about this right now. I told hubby he cannot look at the account until I fix it all.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3380 | Registered: Mar 2006
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posted
Do you mind if I ask where you stand now? I know at one point you had said you were back to breakeven a couple of months ago, and then you ran bad again, right?
quote:Originally posted by Jo4321: [IMG] Yes, you are right. I need to take emotion out of the equation. I've heard it before. I am starting to do that more. I think the percentage rules help with this. I never am as upset with missing out on additional profit as I am with taking a loss. So I need to stick with a plan and slowly work my way back out of the hole. Then, when I have more capital I may be able to take the risk of staying in a bit longer to get a better return. But for now, heck, even if I could add $50.00 profit per day, that's still more than I make at work.
Thank you all for being concerned and for being helpful and not overly judgemental (Tex LOL). I can't really talk to anyone IRL about this right now. I told hubby he cannot look at the account until I fix it all.
posted
Thank you for pointing that out Tex, that's exactly the thinking that's probably gotten her (and a billion other traders) into trouble in the past.
posted
PC- think the 5in5 rule has worked so far for you keep it up till it proves it no longer works, i do the same put i dont buy metals or mining stocks, also i dont buy on days the market opens down,keep testing your theories and keep a log of what you bought and what you passed on so when this stops working you have a backup plan.
Posts: 27 | From: phoenix | Registered: Jan 2008
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posted
PC - do you ever use the Bollinger band, money flow Index, R-square for confirmation of the money flow Index, whether it be up or down, and moving average band?
These are some of the tools that I used to trade. Not necessarily in that order. chuck Posts: 330 | Registered: Nov 2007
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posted
Chuck, not at this point. I have it on my list of things to learn more about. (Along with about 4 million other things... I need to clone myself.)
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