Sbird,
I thank you for your interest, like minded trader group is a very strong strength for trading. I am still trying to adjust in one. Problem is people start attacking each other for minor things. if 20 eyes are watching and thinking on a problem that will be better then a single person. CS board is wonder full board, but over there they are not posting trade regularly except Nacona.
Some of the participants are becoming little grumpy to share knowledge. I understand after explaining same thing again and again one gets tired of it, but they can be politely directed to the relative links. I am in debit to the group for sharing wonder full Ideas and teaching many things openly.
Over the time I have learned key is recognizing that your decision of trend is wrong and sooner you are out better it is. So my stop is usually 10 Cents in some situation it is 20 Cents.
Once it start moving in my position direction I draw a lose trend line (some time I just visualize) and then use a trailing stop. I use 5k share lot and my cost of trade is 5 $ so even if I make a penny it is 50 $ profit, with my day trading I do trade up to 10000 share and I limit my self to only QQQQ and its derivatives, now a days mostly QID and some QLD. Mostly QID because it is more liquid.
I do trade other stocks for longer period.
Three strikes and I am out.
Golden spiral is Fibonacci based program for different projections.
I use LSMA 16 for curl, some time I do forget to look at that chart.
I am using 12-6 or 6-2 CCI for some signal experiment, I have not taken full advantage off CCI 6-1.
I am always eager to learn, please share your system at your convenience.
If any thing else you want to ask please feel free to ask.
Sorry I have to answer after market close.
I thank you to Trend1 for letting us use his board.
Good luck.
AI
