InvestorsHub Logo
Post# of 312716
Next 10
Followers 798
Posts 45033
Boards Moderated 4
Alias Born 01/18/2001

Re: DAVE_007 post# 5412

Thursday, 08/12/2004 11:06:21 PM

Thursday, August 12, 2004 11:06:21 PM

Post# of 312716
Well ya know that filter I use is the only one that I know that lets me trade this way. I also posted my rules for entry (short or long)..now my success ratio daytrading wise has been very good..the 3 to 5 day position play less so because I am so bloody impatient..but on paper..damn it's nice..8 out of ten I'd say and following the stop rule playing this way is rather attractive so far..entering your orders before the open at the set prices can make you miss cause of gapping..so I often set my entries a little wider (higher and lower) to still catch da bum..luckily most of these plays are not news driven...ticks for sub pennies are sub ticks..of course you also own way more shares then so it is the same difference with a stock that trades higher..once a stock trades above .30 I only count cent moves as a tick...I know many do it differently..but hey it works for me...yes level 2 is a good thing to have...it allows you to exit at the right time intraday..and get back in if trend is strong..once you start using you start feeling that before you were trading blindfolded...now if CMKX goes to 50 cents then nothing I said really matters anway..lol


Me likes...!

Join the InvestorsHub Community

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.