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.
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.
Pokersam,
In last bull market online brokers leaped ahead about 300% do you see decline in there price due to low trading volume?
TIA
Good calls, congratulations.
Pokersam,
Natural Man post was a good post, I agree with contents.
I think it should be good if other people bring other perspective.
You also have this in IBOX
"The scope and purpose of my posts are to share my thoughts on market targets and direction. I invite all to do the same."
It is still your call it is your board.
Market has some more to go down, QQQQ will test previous low along with SPX before going up. There is still not enough fear in public, I think by 4th of January we will start up move before sinking again.
I think 41.60 on QID would be the key, that will also fill the gap. Although a short term sell on QID was generated @ 39.57.
It is possible to revisit 36 $ area again on QID.
I was wrong many times and I could be in future also.
My personal bias was for downside of QID and lately trading is not going the way it should be.
I will limit my posting here and see where improvements could be made. Posting here has caused me some trades also, so may be I will post EOD trades generated by system. There is no interaction so no need to post in real time.
With in 1 dollar range from here 39.60 - 40.60 I like to go short on QID for position trade. I will try to post as I reach on that part.
QID has potential of 1 dollar up from here.
I am missing some great trade because of my bias and other factors. This is part of struggle traders goes through I wrote it so folks who follow could under stand.
I jumped off my system too early lately and my stop were too tight, some time there have taken me out of a trade too early. Any suggestion on that part is welcome.
Those who wants to continue to trade should post here, my system or there own system.
Good luck
TREND1,
Your link is not working.
System is giving here initial short signal again but I think it will try to reach R3 number for today, which is 39.06.
We did cross that number let's wait and see what happen next.
Long QID from stopped level of 38.65 order is in to sell @ 38.92.
Which is just filled so 27 Cents gain.
No position now taking a coffee break.
Short QID @ 38.45 stop 38.65.
I hope every one is going to have a great year.
Stopped out for 20 Cents loss.
Trade went in my favor but could not cash it, moved fast against me.
Stopped out at 37.70 for 6 Cents loss.
Short QID from 37.64 Stop 37.84.
Short QID from 37.40 target gap fill. Stop 37.45.
Edit; Stop is now 37.35. I missed 37.20 will be willing to take it next time or my stop.
Stopped out.
Long QID from 37.35 target 37.55 gap fill is possible so my stop is BE now I will increase it to lock some profit.
Do your own D/D.
Edit: Sold @ 37.50 for 15 Cents profit.
W@G1 QQQQ 12/31/07 for a 01/02/08 close
52.70 dr_sean
52.35 Farooq
52.00 bob3
51.86 The Cap'm
51.37 frenchee
WTG W@G bob !
Great way to end the year.
My motto has become "get the meat in the middle".
Pokersam,
That is best way to make money in markets, trying to get every tick is not possible and take all energies and drain you physically.
New year rally could move us higher, but professional would be selling it. IMOP.
I did cover 1/2 position at 36.79 and remaining half is stopped out @ 37 so net loss is about 3 Cents.
Signal is now long from 36.98 and stop is now 37.03.
It is a whipsawed market, I am going to start taking profit @ 10 20 cents.
While I am writing I am stopped out for 5 Cents profit, No position now.
Short at 36.88 stop 37, target 36.60 it is non signal move. Signal short from yesterday 37.15.
Bob257,
Thanks for kindness I am going for good cause if civil unrest continue I will postpone my trip.
Stopped out @ 36.55.
No position, bit distracted.
Short QID from 36.66.
I was busy watching news about Pakistan they concern me because I am planning to go there in February.
36.47 is target.
Stop is now at 36.69.
Stopped out at a loss of 20 Cents.
Long QID 36.26 stop 36.06.
Leaving last signal was mistake, it did what It was suppose to do. Hey, I am a human being too, so mistake comes with it.
Stop should move up if trade goes in favor, stop should be BE+2.
Target is 36.42 36.50.
Short again from 36.61, low confidence trade. My stop is 36.66. Do not want to risk more.
Edit: I asked a question if I am not sure with trade why take it so covered here at 36.57 for 4 cents profit.
Stopped out @ 36.73 now short from 36.69. target 36.34.
Edit: CCI 12,6 and RSI both changed so took profit @ 36.55. 14 Cents. Now in cash.
Long QID from 36.63. stop 36.43.
Edit: Stop is now 36.65.
Hi Kentkun,
Good morning, I was a businessman before going into medicine, so it is other way around.
One thing I recommend before making career change, make sure you have enough capital to trade. Most of the failure are caused by under capital and over trading to compensate lack of capital condition.
I am trading about 100 K in QQQQ related complex, my other investment portion is way bigger and I continuously move trading profits in to other areas. Let's say it is way less then X % of my portfolio.
There are other things need to be considered, I do not have a mortgage, and no credit card bills. So I have minimum stress of bills. Even I make less survival is possible.
My advice is do not start trading till you are well capitalized.
2- You should calculate how much you need every month, put at least six months expense in the bank and then start trading.
3- Trade with only 10 - 20 % of your capital or what is comfortable level for you. This is the amount which if you loose will not make a big difference in your life style call it Risk capital.
Before taking a trade always think what price fluctuation will negate your view and you will be out. So what loss you are willing to take.
You should think 1 to 1.5 % return per month on portfolio is reason able. How much capital you need you can calculate.
4- Take weekly profit out of your account.
Trading is easy, self discipline is most difficult part. If you make money treat your body with things you want to do and makes you happy.
T/A stuff keep modifying so take it till it is working but always ready to change.
One last thing there are programs available which can monitor your position in real time and can execute your strategy with out you, if you wish for continue to work.
I am going to run a trial on them. Watching all day long is difficult.
I hope it is more then what you asked for,
Good luck and happy trading.
W@G2 QQQQ 12/26/07 for a 12/28/07 close
51.15 Farooq
51.00 rayrohn
I am taking position over night, Sell limit is placed at 36.55.
I am leaving the desk now.
Short is now ready to change to buy, I am taking a small long QID here 36.47. I am taking 1X position.
This is a medium strength signal. Upside is so far seems limited, but could change with the market.
Hi Kentkun,
Thanks for visiting again.
We want to hear your ideas about trading, what is working for you and what is not?
Thanks for Eid wishes.
Merry Christmas and Happy holidays to you and all.
I wish to all a happy and safe holidays.
W@G1 QQQQ 12/24/07 for a 12/26/07 close
52.10 Farooq
52.00 dr_sean
51.85 The Cap'm
I will be celebrating Eid festival today and tomorrow so I will not post till Monday.
Happy Trading.
JLS,
I am not owner of the board other wise instead of this big table I will post link related to our trading method and system.
You are right there is lot of egos in all of us, but it should not stop us from learning.
Trading is not total science for me it is an art with some rules, indicators which work mostly and some time do not. so I use stops which Trend do not.
I posted my rules along with screen shots, When I wavier from my trade I usually gives reason. I try to post real time but some time I could not.
My own trading comes first.
I welcome your inputs. Thanks for sharing your views.
Happy trading.
Sb,
Welcome to the board, System mostly work with actively traded stocks. I have not tried on rest.
Your suggestions are welcome.
If you are holding short from 11:05 you are a very cool trader.
I am not a very good trader. I still go with my gut feeling also.
Happy Trading.
Hi Roy,
Good afternoon, good to see you back.
If you bought those calls around 11:27 you are in good shape my system initiated a primary buy around that time frame on AAPL.
Look here to whom I am telling this, you are master of options day trading.
I can see your puts would have good reward, other site giving problem on log in, I will try again.
Are you trading 85 puts and 80 calls? Do not risk too much.
Market like to test 43 on QID, just my hunch.
Good luck and happy trading.
Edit: Stopped out on QID short for 5 cents profit, it is whip lashing in small range, need more attention.
Short QID again @ 40.80 I think 41 is failed so far.
40.49 is target.
I am short QID from 40.80 and stop is 40.90. Signal is short.
Target is 40.55 40.50. I will take profit there.
If we take out 41 then 43 on QID could be in the play before Friday. Just thinking loud, I was wrong many times before and I will be in future too. So please do your D/D.
Edit: My last sentence is telling my uneasiness with the trade, but since signal is there so I took it. I might move target higher if this up move fails.
I am out of short for 40.74. I was not comfortable with the trade.
6 Cents profit is better then loss.
Trend,
Yes, I could trade with 400000 thousand today.
Sammy, Here is yesterdays snap shot.
I calculated for 9600 shares because for 400,000.00 you could short that much today.
Total 3 trades today, profit, 1.50, 0.49 and 0.25 total profit 2.24 per share and MAX day trade margin resulted $ 21504.00 profit on 100,000.00 trading account minus commission.
Out of short @ 40.30.
Done for the day.
No long signal yet.
25 cents profit.
Now short QID from 40.55.
Covered QID @ 40.04 1.50 per share profit.
Now long from there for target of 40.30.
Out of long @ 40.53 more then my expectation.
Farooq