Tuesday, January 4, 2011

Art Of Trading Member Banks 8.9% In One Trade!!

Stewie, just wanted to let you know about the CCME trade. I was at work last Friday, when I happened to see your email recommendation / alert for CCME that came out late in the afternoon. I went long at 15.87 and sold this morning (Monday) at 17.29 for a 8.9% gain. Thanks a bunch!.

(Shirish) Rxtrader

8 comments:

MRSTOCK said...

Well this is interesting.

Actually this stock did not trade as high as 17.29 on monday Jan . So unless we are talking different dates, this is rubbish. Stewie, what is your take on this please?

Stewie said...

LOL.Shirish made a mistake obviously. Today is Tuesday, not monday! He sold it TODAY(Tuesday, Jan. 4th, 2011). How dare he mess up the wrong day of the week?!! ;-)

Shirish said...

I stand corrected. Bought on Friday (12/31)and sold THIS morning- Tuesday - at 17.29. Nothing rubbish about the 8.9% gain!

Shirish said...

I stand corrected. Bought on Friday (12/31)and sold THIS morning- Tuesday - at 17.29. Nothing rubbish about the 8.9% gain!

MRSTOCK said...

Well that is good to know. Obviously this stuff is not to be taken too lightly as it does impact on your reputation. I would also just suggest that it might be good to see some closes on your setups. I have followed quite a few without subscribing and a lot of them go absolutely nowhere. That is not to suggest that one cannot make good money from these really excellent ideas, but in my book a trade has both a start and a close. Getting in is easy. Getting out is harder. Lots of good and free trade ideas on the web ... Very few are followed through. Wishing you a magnificent 2011 !

Stewie said...

I post setups daily here for the world to see for free. I give areas of where i would place my trigger points to alert of POSSIBLE entries. I DO NOT TAKE EVERY setup i post here. Not even close. Some members play the setups but i only try and play what i deem are the BEST setups. Just because a price triggers, DOES NOT automatically mean a trade is executed. There is a whole lot of stuff that goes into why i decide or not decide to take a trade! From the setups that you see me post here or on twitter, i might officially take 10-20% of them. Hope that makes sense? Wish you a happy 2011 as well!

tdemt said...

Getting out of a trade is the toughest facet for a trader to learn and execute flawlessly, in my opinion. Entry is easy and can be completed without any thought, right? Right. Managing YOURSELF during the trade is paramount. just my 2 cents.

Keith
thedailyeminitrader.com

Market Monkey said...

I disagree with the "getting in is easy, getting out is hard" idea.

They are both as easy/hard from a practical standpoint, it's just that we as humans tend to attach our emotions to our actions and that's where the trouble begins.

Entry & Exit have to combine to provide EDGE (E>0...). There are countless ways to do that, but we have to choose, and stick to, one...

Obviously all of the above is IMO :)

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