ZEEV, TRADING - up to ZEEV:325007, 11/21/04
11/11: (321125) (*COMMENT*)
A lot of froth out there.
(*END*)
Yup, got to be careful and take profits when offered, even if you leave some on the table.
11/13: (321925) (*COMMENT*)
Zeev - Being a swing trader that does not short stocks (Except the QQQ), how do you remain profitable in a sustained down trend?
(*END*)
High cash levels, diversification, few core issues and down channel swing trading. In rare occasions I have been as low as high as 90% cash, with only few core issues remaining. If you look at the bad 2000/2002 market, good core issues still advanced quite nicely. Even in a bear market, there are violent 30% plus counter trend moves up, which, if you are cash rich, you can exploit (late May 2000, late December 2000, early April 2001, late September 2001, early July 2002, and so on, all period where I shifted rapidly (and sometimes, a little prematurely) from heavy cash to "fully loaded", and quite profitably. I am being criticised right now for being between 40% to 50% cash since we hit 2025 on the Naz, a solid 55 Naz points below, but I would not have been able to launch 12% on BSTE, ZBRA, SAM and NTMD Friday (of which only NTMD and SAM stayed on), if I would have been fully invested...
11/16: (323158) (*COMMENT*)
Zeev, do you , or anyone here find it helpful to place sell orders on longs after starting the position? I find with volatility it would behoove me to put orders out there , in my case usually for a cover. ie today KLAC came in good before bouncing, when I wasn't watching. Sure would be nice to collect at least partials that way.
I use stops some of the time, and place orders out there to initiate a position, but rarely an order to close a position.
I think I just convinced myself
(*END*)
I do it quite often (did that today with the third ZBRA serving, all I wanted from it was the bucker). I used to do it a lot when I had the time to day trade, then almost half the day trade buys were followed immediately by entering sell orders near the top of the box, unless I expected market blowout behavior.
11/11: (321125) (*COMMENT*)
A lot of froth out there.
(*END*)
Yup, got to be careful and take profits when offered, even if you leave some on the table.
11/13: (321925) (*COMMENT*)
Zeev - Being a swing trader that does not short stocks (Except the QQQ), how do you remain profitable in a sustained down trend?
(*END*)
High cash levels, diversification, few core issues and down channel swing trading. In rare occasions I have been as low as high as 90% cash, with only few core issues remaining. If you look at the bad 2000/2002 market, good core issues still advanced quite nicely. Even in a bear market, there are violent 30% plus counter trend moves up, which, if you are cash rich, you can exploit (late May 2000, late December 2000, early April 2001, late September 2001, early July 2002, and so on, all period where I shifted rapidly (and sometimes, a little prematurely) from heavy cash to "fully loaded", and quite profitably. I am being criticised right now for being between 40% to 50% cash since we hit 2025 on the Naz, a solid 55 Naz points below, but I would not have been able to launch 12% on BSTE, ZBRA, SAM and NTMD Friday (of which only NTMD and SAM stayed on), if I would have been fully invested...
11/16: (323158) (*COMMENT*)
Zeev, do you , or anyone here find it helpful to place sell orders on longs after starting the position? I find with volatility it would behoove me to put orders out there , in my case usually for a cover. ie today KLAC came in good before bouncing, when I wasn't watching. Sure would be nice to collect at least partials that way.
I use stops some of the time, and place orders out there to initiate a position, but rarely an order to close a position.
I think I just convinced myself
(*END*)
I do it quite often (did that today with the third ZBRA serving, all I wanted from it was the bucker). I used to do it a lot when I had the time to day trade, then almost half the day trade buys were followed immediately by entering sell orders near the top of the box, unless I expected market blowout behavior.
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