Followers
Tuesday, February 12, 2008
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2008
(607)
-
▼
February
(40)
- UNFOCUSED and DISTRACTED
- STOCK SETUPS
- Smile LDK Lovers: Bullish Times Could Be Around th...
- China Setting Up for LONG Trade
- Sectors To Watch Closely This Week
- Bo Yoder NewsLetter
- Stock Setup For Ragin Cajun
- Back and Forth Continues...
- Resolution coming soon
- AIG Setting Up a Short
- Intra Day Alert: Long Setup in DE
- Bull Case Getting Stronger
- Back and Forth Within the Triangle
- GOOG Setting Up for Bounce
- Index Charts and Analysis
- Yet Another Higher Low On the Indexes: Bulls Makin...
- Rally Still On? The Charts Certainly Point To That
- This Chart Is Dedictaed to My Dear Friend UpsideTr...
- You Want Setups?! You Got Setups! Enjoy!
- My Favorite Trading Pattern: HG and Wedge Combo
- 5 Year Index Charts
- EARLY Cyclical Index:
- From The Mental Edge NewsLetter:
- Day Trading Wedges and Buying Into the Apex
- CNQ: Weekly Swing Setup
- CRB Moving Nicely Higher: Inflation is Still With Us.
- Smart Traders Are Getting Bullish Folks: Bo Yoder ...
- From the Sentiment Trader Newsletter:
- Market Analysis/Stock Setups To Watch Next Week
- A Lot of People Have Asked Me About My Dog. Meet B...
- NO More Shorts. The Bulls Are Coming!
- Holy Grails Setups Taken Today and Examples
- Long Setups
- Example Of Holy Grail (HG) Setups that Took Place ...
- Hol Grail Trade Du Jour
- Fertilizer Stocks Appear to be Topping Out Finally!
- Markets Rolling Over/Bears In Full Control
- CANSLIM newsletter
- Market Analysis
- Market Analysis/ Bullish Breakouts in Some Key Stocks
-
▼
February
(40)
Cool Traders/Sites
- ART OF TRADING Premium Site
- Charting Trends blog
- Denarii
- Finance Trends bog
- It's Gold
- Keep Unread Blog
- LaserTrader
- momentum trader
- My Trader Interview
- Mystic Stocks
- NYC Trader
- Rant About It Blog
- stock rook goes pro
- Stock Virtual
- StockPursuit.com
- The Market Guardian
- thecrosshairstrader
- Todds Trade
- trader market blog
- Trader9999 blog
- Trading Momentum blog
- Trading With Average Jay
- Wall Street Warrior
5 comments:
hey stewie,
saw alot of puts bought on xlf today--skf could get jiggy again-made it all by 11am today-it was a grind after that-later bud
hey Up,
it was a weird trading session for me. market was up nicely as anticipated but i could not find any compelling trades. So i decided to take my 'regular' mid day nap and i didn't wake up 3:45pm(got very little sleep the night before) and saw that the reversal had taken place. volatility is wild right now but that reversal didn't look bearish to me and if anything will likely just stick us in a trading range(booooooo!) for a while, unless the retail numbers trmw morning spice up the party. c ya tmrw!
Hey Stewie. I have been studying your posts and really enjoy your blog.
I am wondering about your main Time is Money paragraph and how it relates to stops.
Do you use really tight stops, say 10-20 cents, and get out right away if the trade moves at all against you, or do you still give it some wiggle room within those first 5-10 minutes waiting for it to take off?
It seems to me if I use the tighter stops, I can increase my position size, and if it goes against me the 10-20 cents, I was probably wrong about the trade anyway.
Do you think the larger position size on the good trades makes up for getting stopped out a bit more often?
Thanks for your help.
Stu,
you still haven't updated my link? Where's the love?
hi Gray mud,
trading over the years i noticed that the best trades, the trades that make the most $$$ are the ones that work right away, you buy and it literally starts producing profits within 5-10 min. i don;t use actual physical stops, i use 'time stops' if a trades takes more than 10 min to work and mental stops in case price action turns sour after the trade is on. i usually sell if the pattern i am looking fails completely. i also, never put on full positions right away. i always start with half or quarter positions and add if the trade starts to work. that's the key part to my trading really. add small positions initially and you are proven to be right, add add and add. and if you are wrong, then you are wrong with only half or quarter positions and your losses should be minimal.
Post a Comment