Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tony, I got your book about a year ago and really enjoyed it.
Thanks,
cOUSIN SHORTY
http://www.funphone.com/shorty/nl.html
Hey Tony, so you are around. Are we looking up from the bottom, or should we still seek cover...lol!
b/r Arch
"Is it far to say you are not using the techniques highlighted your books currently because of current market conditions?"
Yes, it is far.
I am using the same techniques I have always used. The only difference is in time frame, risk management and expectations for each trade. This is due to the current market environment. However, I didn't carry many positions overnight in my book either, so I guess I've been trading more or less with the same techniques. The major difference is that I've been playing it on the short side as well
Tony
Tony,
I just got here and have read your posts. Is it far to say you are not using the techniques highlighted your books currently because of current market conditions?
During the downtrend was it not possible just to start selling resistance? Is the gappy nature of the market the main problem here?
Thanks,
Dave
Ah, Tony, like the update to your iBox - continuity reads like this....coming soon...a desperately sought bottom! I'm following you so far...LOL!
b/r Arch
Thanks for the contribution turnaround.
I have a few religious trading rules I'd be breaking if I was to even consider looking at RMAG as a candidate.
1. I don't trade stocks which are not traded on either the Nasdaq (no small caps) and NYSE. I won't even touch a stock on the AMEX unless it is an ETF (Exchange Traded Fund such as DIA, SPY, QQQ, and the Holders).
2. I don't trade stocks which cannot be shorted I.e. no IPOS and no stocks under $5.00.
3. I don't trade stocks which trade less than 350,000 shares a day on average.
Because of these three rules, I can't give you an opinion about the RMAG. It seems like you did a lot of work to put your post together, and I thank you for that. However, I don't break these religious trading rules. I appreciate that you disclosed that you are long the stock, and I think your post is put together in very good taste. Please feel free to contribute to this thread as your posts may be very valuable to traders on this board.
Trade Smart!
Both sides means long and short.
I have three main methods for swing trading.
Method one is basically long only.
Method two is long and short at the same time. Long strong stocks and short weak stocks.
Method three is shorts only.
Depending on market environment, I will decide which method I'll be using and the trade candidates are generated by my scanner, and position may be held overnight.
As to daytrading, I normally daytrade momentum stocks on one direction at a time. However, I will go long then sell then short then cover then go long etc., on the same stock on the same day.
I use Real Tick III with terranova-mb.com as my broker. I have an old picture of my setup at http://www.stockjunkie.com/fav/wizard6-scan.gif
If you are using Real Tick and would like to use this page, you may download it at http://www.stockjunkie.com/fav/Wizard6.pag
This is one of the many pages I use. I don't have a picture of my daytrading setup pages.
I hope this helps.
Trade Smart!
I like that statement(Do Not carry positions overnight in your trading accounts).When you say you play both sides,do you mean Straddles? 3 minute charts with just 20 period ma and bollinger bands?Future charts,where do you get those?
Shhhhh nycnpbbkr,
We don't want this thread to turn into an advertising board
Okay back to biz. My strategy has been very simple, " Do not carry any positions overnight in your trading accounts." I am playing both sides of the market on stocks like MSFT and SEBL using 3 minute charts side by side with futures charts and 20 period MA and 20 period Bollinger bands. I did well with these setups year to date, but not so well the week before last or the last two days of this week either. Actually, I blew it today closing my position way too fast, fear got the best of me, lol.
Over the next three months, I hope to have my stock trading scanner fine tuned, implemented, and bundled with some of the leading software providers for a much more reasonable fee than I currently pay for it. This should be great news for all of us. As many of you know, I have been committed to this project for the last two years, and I can finally see the light at the end of the tunnel.
Once my project is completed, I will link to this thread from both stockjunkie.com and its affiliates.
Trade Smart!
I guess this is Tony Oz.../????
http://www.tonyoz.com/
Good morning Tony,
Thanks for your attention. I would like to tell you about a stock I first heard about on the Golden Lists board. Please have a look @ the following Bluetooth + Voice Recognition sleeper stock (voice commands will power user-friendly mobile commerce), with a super low float: RMAG. Trading volume has slowed due to a simple lack of investor awareness, thereby this one should be ready for a very strong technical bounce soon with pending news. It has very good company in the form of its announced alliances.
RMAG has announced that is has teamed with the industry behemoth and father of Bluetooh, Ericsson (Nasdaq : ERICY) to unveil a new and powerful point-of-sale Bluetooth applications and also to design and deploy the world's first Bluetooth hotel. Please note that Point-of-sale commerce is bigger than all of e-commerce on the Internet combined, so it can be seen that the potential of this company's business model abounds. Please also note that last years' Comdex and this year's CTIA had a heavy Bluetooth focus and that usually precedes the next hotbed investment arena.
RMAG's proprietary technologies and patents will seek to revolutionize mobile or m-commerce. If you are not sure of what m-commerce is or you have not heard of it, you will. One simple example of mobile commerce is IBM's commercial where the man runs out of change for the pop machine and tries to get some change from a nearby wishing well and is stopped by the sight of a nun. The commercial then shows a lady buying a pop from the pop machine using only her cellular phone, nothing more. That is one simple example of the power of mobile commerce. RMAG takes that to another, potentially very profitable level. ERICY's teaming with RMAG in their efforts (they also invite RMAG to many world-class tradeshows as their guests in the ERICY booth, to such events as Comdex, IWW, CTIA) can be seen as a bullish sign for RMAG to receive such a high honor backing in a sector that is set to explode.
One more thing, Credit Card companies have taken note because: RMAG is building a consumer payment network that will allow consumers to pay for goods via their cell phone. Enter a pin #, be within 50 feet of the cash register, hit the cellular send button and the consumer will securely pay for the goods and have the item billed on his/her cell phone/credit card bill. (this one-list itemized/deferred billing is much like the way a credit card works) That's convenience and power in the palm of one's hand. This could lead to a very poweful revenue stream for RMAG and a revolution in the way we pay for goods/services.
As hinted upon earlier, RMAG also has a core speech recognition technology portfolio, with significant proprietary knowledge and experience in integration initiatives in this technology, so that will be a key advantage for RMAG in the deployment of its mobile commerce efforts. Looks pretty solid and could be a diamond in the rough, soon to be polished.
RMAG trades on the Nasdaq smallcap at $1 11/16 (not a BB stock company, which adds credibility from an investor's standpoint), has developed a re-curring revenue business model (see RMAG news in links below), has a float of only 3.6 million shares (leads to very big swings in the stock, both up and down, so be careful on the downside), has leading partners and a market cap of only $9.9 million. RMAG's heavyweight contribution into m-commerce is worthy of your radar maps.
RMAG is a stock to watch with an excellent risk vs. reward potential at this level for the aggressive investor, IMHO. Good luck and please add your own DD to this, as this is merely intended as a starting point for your efforts. I am an investor that is long RMAG and have done thorough research over and above what is included in the links noted below. I suggest all investors considering buying RMAG, to please do the same. FWIW, I have done my homework and have bought in. I am now long RMAG.
And, of course, it is best advised for investors to not bet the farm on this or any other stock and only bet what they can afford to lose!! Especially since the markets are so volatile at the moment. Please also keep in mind that with the small float this one is very volatile so invest wisely, don't invest a position all at once, thereby it will give you the opportunity to cost-average down if warranted.
Given the teaming of RMAG with Ericsson, RMAG has a decent opportunity in its hand, still management has to deliver on its promise to reap commensurate valuations to its potential, so keep that in mind if you invest. The ball is in their court. Good luck and thanks for your attention!! Here is the latest news for RMAG and a plethora of links to facilitate your DD:
http://www.registrymagic.com/
http://www.newsre.com/news_titles.asp?ticker=RMAG&action=news_titles
http://www.bigcharts.com/quickchart/quickchart.asp?symb=rmag&sid=0&o_symb=rmag&x=25&y=19
Hello Tony, look forward to seeing you in action...LOL. Meanwhile, here's the link to where I hang out. Stop by for a visit:
http://www.investorshub.com/beta/board.asp?board_id=307
b/r Arch
Then we will keep the iBox the way it is, LOL.
Hmmmm, what is coming soon? Additional 30% decline in the Nasdaq? A bear market rally? Bottom formation? Capitulation? When is "soon"?
Okay here is the deal, I started this thread with the intention of discussing stock picking methods, Technical Analysis, Swing Trading, Effective Scanning Strategies, and much more. However, I might have done so prematurely because I will not be able to devote much time to this thread over the next three months.
I like the iBox just the way it is...LOL!
b/r Arch
This looks promising, waiting for update too.
muel
I'm eagarly waiting for the iBox update LOL EOM
signed,
Bernard
If this Tony Oz is who I think he is, we should be in for a treat..
He has written books on short-term trading, T/A, etc.
Knowledgeable fellow!
matt
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |