posted
Just wondering if there or any members on the board that does this type of trading?
What I mean by hit and run. I am not in a trade for no longer than one day.
I'm also very deep in (TA) indicators.Most of the time I use a five minute chart to trade with,but also use the weekly and daily chart to get an idea, What is going on.
There are times when I change the indicator and and redesigned the formula.
Appreciate any comments
Posts: 330 | Registered: Nov 2007
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posted
Tex, pulled the information up but do not really understand what you want me to look at. If it's not too much trouble could you explain a little further.
Posts: 330 | Registered: Nov 2007
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posted
That's Tex's link for the day trader thread for stocks that are on the move. Still need to do your own DD but they are great for daytrades and cover penny on up. It's under the hot stock section.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Thanks BooDog, that explains a lot. It's going to take me a while to get accustomed to this board. As far as where everything is at.
Most of my picks come from gap's either up or down. I have designed a formula that looks at a percentage difference of premarket hours versus the previous day's low, close or high . Try to get at least a 10% difference and at least 200 or 500,000 for the volume.
I'm going to try and bring some of the charts into this board to give you guys a better idea of what I am talking about.
Posts: 330 | Registered: Nov 2007
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posted
ya, as Boo said...we pretty much shout out tickers that look squirmy...total hit and run: could be a news play, group grope, chart play...anything. Set your sell as soon as your buy fills...
not for everybody, for sure, and it's a mistake to think just cuz something's posted that it's gonna move or continue...
posted
ya, as Boo said...we pretty much shout out tickers that look squirmy...total hit and run: could be a news play, group grope, chart play...anything. Set your sell as soon as your buy fills...
not for everybody, for sure, and it's a mistake to think just cuz something's posted that it's gonna move or continue...
quote:Originally posted by chuck9: Thanks BooDog, that explains a lot. It's going to take me a while to get accustomed to this board. As far as where everything is at.
Most of my picks come from gap's either up or down. I have designed a formula that looks at a percentage difference of premarket hours versus the previous day's low, close or high . Try to get at least a 10% difference and at least 200 or 500,000 for the volume.
I'm going to try and bring some of the charts into this board to give you guys a better idea of what I am talking about.
posted
Tex, you said a mouthful when you said that. This type of trading is definitely not for everyone. That was the reason I left the other two boards I traded on.
It is very hard to find people that trades like this. It is very disciplined trading and your entry and exit points or very critical. On top of that. There is very little time to make a decision.
But with that said, I have been trading this style for a very long time. Hopefully I can find someone that trades in this manner on this board. Time will tell. Posts: 330 | Registered: Nov 2007
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posted
Spades, sorry I did not get back with you sooner. I'm having a lot of trouble trying to figure out where I am at. And for some reason, the screens on this board or changing very very slow. I have no problems anywhere else. Could you possibly advise on this problem .
Posts: 330 | Registered: Nov 2007
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quote:Originally posted by chuck9: Spades, sorry I did not get back with you sooner. I'm having a lot of trouble trying to figure out where I am at. And for some reason, the screens on this board or changing very very slow. I have no problems anywhere else. Could you possibly advise on this problem .
better check your end: caches, cookies, etc...
we're recently upgraded here, with an array of new blade servers...
posted
Thanks Tex. Will try and follow your recommendations. I still may need a little more assistance until I become familiar with this board. Chuck
Posts: 330 | Registered: Nov 2007
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Thanks BooDog, just wondering if you had took a look at the premarket follow-through that I posted for this stock. It explains blow for blow, how I would have traded, if I had been able to get some shares. Think you will find it interesting.
posted
Chuck one my fav play is trade opts on the day of expiration. It usually doubles or nothing. Been making double consistently. Make up for some of the mistakes during the month.
Posts: 130 | Registered: Jul 2005
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JLO, never have traded options. I have done some reading on them though. Sounds like in some cases, you do not have to risk as much. chuck Posts: 330 | Registered: Nov 2007
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Not on short options, there's tremendous risks. I swung a $365K trade once. Something like 3000 shr of spydr which was worth about $124 each. I was nuts. One miscalc I will be ruined.
Posts: 130 | Registered: Jul 2005
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Is there good payoff in the small stocks? I see ppl trading eg, OSCI $1.44 last.
I have traded nothing but SP500 names and been ignoring the smaller names. How are they and where do you get info about them ?
Posts: 130 | Registered: Jul 2005
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JLO, I do trade low value stocks, but they have to meet the following criteria. They have to have at least a $.15 high to low range. They also have to have at least 200,000 or above shares traded for that month a day.
Example: If I was going to trade a stock that opened at one dollar. Using the criteria above, I would start looking for at least a four cent profit on the dollar. With the stock being at this price. I would go in for 20,000 shares.
With a range of around $.15 , looking for only four cent profit. You have a era factor of $.11. This profit would bring you $800.
All this above is hypothetical, but I have done it many times. ---------------------------------------- Disclaimer: In regards to possible legal issues, be advised:
The above information is not a recommendation from myself to others to buy or sell, nor does it provide to other individuals a recommended timeframe for the entry,exit for a stock transaction.
Any individual can use the information as they so choose, but in doing so, that individual accepts full responsibility for results from the use of the information.
I, Chuck, can accept no responsibility or liability for any other person's use of the information for their personal trading. -------------------------------------------------------------------------------- ------------
Posts: 330 | Registered: Nov 2007
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posted
Chuck, do you go both long and short on your picks ? I usually go short because I am lousy at picking winners.
Posts: 130 | Registered: Jul 2005
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jlo, most of my picks, are shorts. Sometimes when a stock has really moved down at its 52 week low or even lower. I will tap into it.
Just remember, when you're talking with me. You're discussing hit-and-run trades. In fact, when I post, that will be what I am talking about hit-and-run trades.
Example Dell: that I posted this morning was a hit and run trade to the downside. Did not get the pull back I was looking for when it first opened this morning ,but still had a very nice ride down. chuck Posts: 330 | Registered: Nov 2007
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posted
Nice ride indeed. It'll pay for lunch as I said. You do have to swing a lot of trades to add up, looks like. I still have not been able to do intra-day scalping except on option expiration. Sometimes I have to wait couple of days to reach profit zone. For intraday trades entry and exit points are critical.
Posts: 130 | Registered: Jul 2005
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Jlo, sorry, I have not got back with you earlier. But there are so many different places, that one has to go. I just forget to look. It would be a lot faster if you just post on the big Board under--- Chuck's big Board picks--- that way, I will be able to respond a lot better. chuck Posts: 330 | Registered: Nov 2007
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