Replies to post #148594 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

You are absolutely right, furthermore, probably, when you trade a general like MMM, you really are looking for the opportunity of a double bucker, but if it does not seems to go that way, you take the daily buckers (or twice a day) and move on. The intent is to get some 3% to 5% on a trade, the intent is not always actualized, often if I have a major deployment, 30% to 50% don't yield the desired result, I happy with those that do, as long as I don't have too many NVEC like "accidents" (g).

[inthehills]

schloss_1,

Just my opinion. Been trading for about 10 years. Made some money and have darn near as much scar tissue. If you have been trading for about a year don't even try what Zeev does.You have to be a master trader with a large bankroll.

You can not succeed by jumping into the stocks that are so volatile. Making a $1 on mmm is ok. You are playing the market trend. Those stocks that Zeev trades (Zeev knows this well) are dangerous. He combines a lot of independent background research and high level trading skills. (My take).

Because holding the volatile stocks overnight is a crap shoot, i gave up. Now I trade the highest betas of all. The futures. But at least they obey market trend (irrational yes). But at least you are not subjected to the market manipulation of single stock issues.

Keep on doing what you are doing, if you must enter the fast lane, trade no more than 100 shares.

inthehills

[inthehills]

schloss_1,

Which brokerage are you with?

If you are not with interactive brokers then run do not walk there. They are reliable and charge $1.00 wach way for 100 shares.

An after thought.

inthehills

[Alex G]

>>I think that if you can identify a situation where you are almost guaranteed a buck in about an hour, you should make use of that play.

schloss, i don't think there is such a thing as a "guaranteed a buck in about an hour" trade?... if you've figured it out please let me know, maybe it has something to do with the 'edit function'?

you do make a good point of identifying a select group of stocks, i think it is best to 'get acquainted' with a select group of stocks... if you watch certain stocks long enough, you can kinda get a feel for their trading patterns... you get to know someone well enough, you can just about read their mind