Wow am I good. Already up $500.Paragon is a beast. I bet this hits $7 by year end.
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My Stock Value Strategy Starts Now (5 Viewers)
- Thread starter David Dodds
- Start date
paz1
Footballguy
Nice work!I almost followed you in. ...Keep us posted the next time you get the 'feeling'.
TheWalkmen
Footballguy
Question: using Scottrade, am I always able to cancel a trailing stop and immediately replace it with a tighter stop? Do they usually fill their trades very close to or at the stop amount?
Sheriff Bart
Footballguy
atientlywaitingforthesecondbubbletoburst:
Snotbubbles
Footballguy
That 514K number doesn't represent the number of jobs lost.ETA: I also love how you quote your own post and give it a good posting.
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bigfishboy
Footballguy
Watching ACLS with you all, haven't jumped in yet. It is still receding, likely due to a correction from the quick runup combined with the overall market being down.Are you holding, or adding?
Sheriff Bart
Footballguy
New here?That 514K number doesn't represent the number of jobs lost.ETA: I also love how you quote your own post and give it a good posting.
Snotbubbles
Footballguy
New here?That 514K number doesn't represent the number of jobs lost.ETA: I also love how you quote your own post and give it a good posting.
siffoin
Footballguy
I have a confirmed long signal on USO. And am SARing into a new position which will likely be held for weeks/months.
This is a pretty rare signal...in the past 2 years I've only had 4 signals...often they've been decent sized winners.
Trades went like this:
July 9, 2007: Long at $54.35 - Exit July 30, 2008 at $102.13. Profit= $47.78.
July 30, 2008: Short at $102.13 - Exit March 23, 2009 at $31.61. Profit= $70.52
March 23, 2009: Long at $31.61- Exit July 9, 2009 @ 32.77. Profit= $1.16
July 9, 2009: Short @ $32.77 - Exit Oct 16 @ $40.23. Loss = -7.46
Total profits: about $110.00.
This is a pretty rare signal...in the past 2 years I've only had 4 signals...often they've been decent sized winners.
Trades went like this:
July 9, 2007: Long at $54.35 - Exit July 30, 2008 at $102.13. Profit= $47.78.
July 30, 2008: Short at $102.13 - Exit March 23, 2009 at $31.61. Profit= $70.52
March 23, 2009: Long at $31.61- Exit July 9, 2009 @ 32.77. Profit= $1.16
July 9, 2009: Short @ $32.77 - Exit Oct 16 @ $40.23. Loss = -7.46
Total profits: about $110.00.
TheWalkmen
Footballguy
I finally had an entry point on this at 10:05AM (CST) this morning. The 30 min CCI was at -208.27 at 9:30AM and UPRO was above its 9 day EMA at 10:05AM. I entered UPRO at $139.74 with a $4.00 trailing stop. UPRO is currently at $141.46 so the trade is working nicely thus far. I might tighten my stop a tad, and hold through the weekend.
siffoin
Footballguy
Here is the question...WHY the TS at $4.00?Your are entering based upon a technical indicator...and if the $4.00 TS is an arbitrary number...well then you need to get better. I'm saying this not to be a #### but to help you be a better trader. Reasoning for your stop is the most important part of your plan.
TheWalkmen
Footballguy
I agree about the getting better part, I'm trying to figure out how to pick stop amounts. I've read 5%, but 5% on $140 is $7, which seemed really high. So I looked at a chart and tried to see how much UPRO fluctuates on a daily basis over the last week and estimated $4 as a decent stop to start with. Any advice on how to pick and manage stops would be much appreciated.ETA: i'm still making these ETF trades in a simulated account at howthemarketworks.com while i "practice"
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optionmaven
Footballguy
For some reason, the stock hit 1.40 and my order didn't fill. I was gone so i don't know if it was only at 1.40 momentarily or what. I want to add, but taking a wait and see approach for the time being. Honestly though, with the good news they've had and the undervaluation i see in this stock, I still think its a strong buy. I'm not wavering.
siffoin
Footballguy
First of all...TRIPLE ETF's are the fastest way to blow out your account. My opinion is you took a position in UPRO because it had a signal and DXD/DDM didn't. This is no way to trade.Become a master of the index your follow....pick 3 or 4 so that you can get some signals. Day trading double etfs...ok.
So your charts would follow 3 things...here's an example
1) DOW - DXD & DDM
2) Commodity- (Gold) - UGL/GLL
3) Energy- DIG/DDG
MASTER these. Know how they flow...what they react to and why.
Day traders shouldn't hold over night. Don't be the kind of person jonesing to trade. Be patient and let the trade come to you.
Whoever the hell told you a 5% stop is smart trading...is out of their ####### mind. Where should the stop be? IT IS DIFFERENT ON EVERY TRADE. Momentum and volatility are the key factors in determining the stop. If you are a trend trader that stop will typically be at the price where the trend flips from buy to sell (or sell to buy). If you are a counter-trend trader the stop will be at a price just below support (for buys) or above resistance (for sells). When you are good it can be both. It is also dependent on the time frame you are trading on.
Learn to accept losing. It's part of the business. Just like every baseball player strikes out...you will too. I'm best when I have no opinions on direction. The market is what it is...it rarely makes sense. Trade what is happening not what you think might/should happen.
The Ref
Footballguy
As someone who picked up some XOM a few weeks back I'm happy to see this.
TheWalkmen
Footballguy
I’ve found that of all the trades I’ve been making, I’m doing best trading DDM at support levels on a line chart with a 1 day zoom, I’m making profits about 70% of the time. So my strategy for now is to trade DDM a few times a day when my indicators are aligned and there are some consistent support levels being touched. I’m guessing it’s easier to trade DDM in a bull market at support levels and DXD in a bear market at resistance levels. I guess I’ll find out how that plays out.So with your advice, maybe I shouldn’t follow the S&P at all. It makes sense, it’s a little difficult to look at 2 charts & make trades & work. I’d like to test the 30 min/5 min strategy I’ve posted about when there are entry points, while also trading DDM/DXD on the 1 day zoom chart. Do you think that’s too much to trade?Regarding the stops, I made 2 short term trades with small stops this morning on UPRO, and that was a joke. So much volatility that I got stopped out quickly and my stops filled way lower than what they were set at. Hopefully they would’ve filled faster outside of a simulation, but I’m glad I learned that lesson with fake money.So I made 2 other short-term trades today with DDM, 1 at 10:58 CST when DDM was at 39.78. I opened with a .06 cent stop and DDM rose to $39.91. As it rose I lowered my stop to .02 and was out at 39.88. I don’t understand the .01 slippage since DDM doesn’t move that fast. The 2nd trade I got in at $40.13 at 1:47 CST with a .09 stop since there was support around $40.05. I lowered my stop to .05 as it rose to $40.27, I had more slippage and my stop was executed at 40.18 rather than 40.22. Scottrade better not have slippage like that. So I was 2 - 2 trading DDM on the day.Edit: I just checked, and since 10/05 I've won 23 - 34 (67%) on DDM counter trend trading for $594.73 to the good, and that includes some losses that got out of hand, before I starting using trailing stops.
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The Ref
Footballguy
Update:
Feeling a little better about the market right now, nobody has come in with real disapointing news yet in earning season. You all should have bought some Volvo stock this week, because my account lost $12K earlier this week when my wife went long on a 07 XC70. I also used this as a time to shuffle a little more money out of cash/bonds and move it into the market. I'm now 33% Emerging Markets, 33% International Markets and 33% Cash/Bonds - outside of any metals and my trading account. I'll be looking to move more out of cash as the month goes on and I become a little more comfortable that earnings will hold up OK and we won't have a Major October correction.
My Trading account has been working out alright. The long term strat of trading the heck out of PRGN and rolling into some energy stocks ahead of winter has worked out well.
100 UPL @ 48.65 - Closed $55.33
400 FCG @ 15.53 - Closed $18.57
100 XOM @ 68.44 - Closed $73.12
1300 PAL @ 2.79 - Closed $3.00
I still hold a "free" 500 HEB.
All and all the Natural Gas plays have done well - if Only Dodds was still here to enjoy some of the fruits as FCG was his find.
Every day I cringe at the USD falling more and more, but at least the market is heading up as an offset. I'm looking forward to geting out of the rest of the cash/bonds I'm holding.
Feeling a little better about the market right now, nobody has come in with real disapointing news yet in earning season. You all should have bought some Volvo stock this week, because my account lost $12K earlier this week when my wife went long on a 07 XC70. I also used this as a time to shuffle a little more money out of cash/bonds and move it into the market. I'm now 33% Emerging Markets, 33% International Markets and 33% Cash/Bonds - outside of any metals and my trading account. I'll be looking to move more out of cash as the month goes on and I become a little more comfortable that earnings will hold up OK and we won't have a Major October correction.
My Trading account has been working out alright. The long term strat of trading the heck out of PRGN and rolling into some energy stocks ahead of winter has worked out well.
100 UPL @ 48.65 - Closed $55.33
400 FCG @ 15.53 - Closed $18.57
100 XOM @ 68.44 - Closed $73.12
1300 PAL @ 2.79 - Closed $3.00
I still hold a "free" 500 HEB.
All and all the Natural Gas plays have done well - if Only Dodds was still here to enjoy some of the fruits as FCG was his find.
Every day I cringe at the USD falling more and more, but at least the market is heading up as an offset. I'm looking forward to geting out of the rest of the cash/bonds I'm holding.
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bigfishboy
Footballguy
SPNG (the biggest sham in the market) opened back up today after a 2 week halt.
I am surprised it only lost half its value from the last close. I have lost 75% from where I bought it.
They still did not turn in the required 10K. I don't understand why the SEC allowed this to be traded again.
I think the only way this goes up is if the 10K is submitted and it doesn't show widespread fraudulent activities (highly doubtful), or the executives get thrown into the slammer (quite possible).
Please stay away from this POS.
I am surprised it only lost half its value from the last close. I have lost 75% from where I bought it.
They still did not turn in the required 10K. I don't understand why the SEC allowed this to be traded again.
I think the only way this goes up is if the 10K is submitted and it doesn't show widespread fraudulent activities (highly doubtful), or the executives get thrown into the slammer (quite possible).
Please stay away from this POS.
St. Louis Bob
Footballguy
optionmaven
Footballguy
10/19/2009 1:50:11 PM 124828597 WBT BOT +1 AAPL 100 JAN 10 185 CALL @13.50 NASDAQ ► 10/19/2009 10:56:48 AM 124828597 WBT BUY +1 AAPL 100 JAN 10 185 CALL @13.50 LMT NASDAQ FILLED I had bought one Jan. 10 185 call earlier on October 1st for 14.25. It had run up to being worth 17. Then today when i saw the sale, I dipped back in for another. Needless to say I'm stoked. With 88 days until expiration and the holidays coming up, I think she has room to run. GO APPLE!!!!
Mark Davis
Footballguy
Wow. This one has a chance to be big. Good luck!optionmaven said:
bigfishboy
Footballguy
I am liking the information I have found for this company, but it continues to fall. I am scared to jump in thinking there is something I am missing.
optionmaven
Footballguy
I liked it better when it was making those small incremental increases each week of a nickel or a dime. After it gapped up so much which was unusual for this stock, it seems to be more in play. Its been a bad week for the stock and generally speaking, does better when the overall market has a down or flattish day. I haven't added to my position. 1500@ .49, 1000 @ 1.20, and 500@ 1.50.
Oops, just tossed $1000 in the toilet. If only I had waited an hour.Is this already the start of the pre-earnings run?
The Z Machine
Footballguy
God I hope so.
bigfishboy
Footballguy
I have been looking at this as well. The last two quarters, the stock fell a couple weeks before the report then rose till the report date. I am guessing we see another entry point in the next couple weeks.Then again, everything I time I think I have a handle on this stock it goes in the opposite direction.
David Dodds
Administrator
Back from the dead here. I signed my loan paperwork on Friday so I am going to start splashing some dollars around again.
I have buys set to trigger for COIN (at 1.03 - It's at this price now) and FEED (5.05 within a few cents now). Also looking to start adding FCG on the cheap.
I have buys set to trigger for COIN (at 1.03 - It's at this price now) and FEED (5.05 within a few cents now). Also looking to start adding FCG on the cheap.
St. Louis Bob
Footballguy
1350 COIN @ $1.04What the hell. Welcome back.
David Dodds
Administrator
I got 1,100 shares of COIN at 1.03 and then changed to 1.04 for another 3,900 shares. They just did a huge dilution at 1.06, but it sold within days. Seems like this will pop to 1.12-1.15 soon.
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bigfishboy
Footballguy
LOAN! What happened to paying cash!
Welcome back, Given the last 2 months run Ive done well but if you were here it could have been much better.
KGB
Footballguy
You can't finance a moat. Duh!
David Dodds
Administrator
Yes I will be doing some research on all of this on the weekend. My stock screening process still loves PRGN so I can easily see me in for this ride.
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The Ref
Footballguy
Welcome back!
Mose
Footballguy
Just popped to $1.15.DD = King Midus
David Dodds
Administrator
Yes my sale triggered at 1.12 and am close to buying again. Profit = .08 x 5,000 = $400
NYG Endzone
Footballguy
And HCBK hasn't budged today? :wow:
David Dodds
Administrator
I just added 1,000 PRGN at 4.57. I also rebought my 5,000 COIN at 1.05 and have it set to sell off at 1.10 (which I suspect may happen today)
Mark Davis
Footballguy
I have a little in AU$, but not enough. Also failed to double down when the dollar ran up last year.I'm still thinking of adding more foreign currency CD's as well as VIPSX.
Whats the thought process on PRGN. I just got in at 4.52. The whole market just farted.Are you hoping for a pre-earnings run? Maybe they will announce some ship purchases?
