IIC's Winners Watchlists

[Runner]

Hey IIC, maybe this DT thing is what you do best! Wise man once told me too find your nitch and stick with it. From reading some of your posts you’re doing well with your DT’s. Nothings wrong with that, after all your making money right? Let me ask you a question before you pull the trigger do you know what your up/down target is on your DT’s? What about your longs? I bet you have a better routine for your DT’s!!!

[IIC]

Hey IIC, maybe this DT thing is what you do best! Wise man once told me too find your nitch and stick with it. From reading some of your posts you’re doing well with your DT’s. Nothings wrong with that, after all your making money right? Let me ask you a question before you pull the trigger do you know what your up/down target is on your DT’s? What about your longs? I bet you have a better routine for your DT’s!!!

Many of my DT's are based on news...I normally have my Buy screen up. When I see news I click over to a one min. chart...If it reacts well I may just go ahead and buy...then I go read the news details...while also trying to watch the P/V on the chart. Hard to explain...but once I think the run is over...then I sell...I'm rarely right on my timing though. But it's an ODDS game. I don't mind a brief tick down on vol. 'cause I believe there are pre-arranged deals...but if a runner comes down on multiple sells then I usually sell.

There was one the other day that had some 25k-50k sh block sells on down tix...I just sold it 'cause of that...It was MIPS on Friday...I lost 4 cents a sh...but then it tumbled.

Other DT's are based on early(pre) news...I wait for the gap and then a lo vol p/b...If I am watching the right one, I may catch a second vol. move...But some luck is involved...not so much buying at the right time...more so, watching the right stock at the right time...I miss the majority of moves because I'm watching the wrong stocks.

I never have a sell target in mind if it goes up...I usually want 30+ cents a sh...but if I'm wrong right off the bat...I don't want to lose more than 2%...although, obviously it happens...IIC

[Runner]

Wow, that sounds like a plan IIC. Do you have Direct Access? If you don’t mind me asking what is your round trip airfare on a position? Spike turned me on to IB 1.00 in 1.00 out on 100 shares. This is an edge for DT’s??

[New-born baby]

100 shares

Runner, IIC

Would you agree with this statement: 100 shares ain't worth foolin' with.

100 shares X .30 on a daytrade = just $30 before commisions. And it isn't easy to grab .30 on a daytrade either. I always wrestle with 1000 shares or more. But 1000 can be unwieldly on low volume stocks.

IIC, you're the expert. What do you say?

[IIC]

Wow, that sounds like a plan IIC. Do you have Direct Access? If you don’t mind me asking what is your round trip airfare on a position? Spike turned me on to IB 1.00 in 1.00 out on 100 shares. This is an edge for DT’s??

Yes...I have heard good things about IB...Some of my buddies use it.

I'm paying 14 bux on market and limit orders R/T.

If I was to do this F/T I would get Direct Access...but I don't have it.

Most of my DT's were between 200 and 3000 shs...Avg. during my 3 mo. experiment was 300-600. Now, it is 800-1200shs on avg...with up to 5,000 shs.

But it depends on the price of the stock a lot as well as how comfortable I am with it.

[IIC]

Runner, IIC

Would you agree with this statement: 100 shares ain't worth foolin' with.

100 shares X .30 on a daytrade = just $30 before commisions. And it isn't easy to grab .30 on a daytrade either. I always wrestle with 1000 shares or more. But 1000 can be unwieldly on low volume stocks.

IIC, you're the expert. What do you say?

I generally would not buy only 100 shs unless I was playing with some extra cash...but then 100 shs of GOOG at $200 would be more than pocket change...at least to me...But then again, I wouldn't buy a stock like GOOG.

But, contrary to your statement...I am not the Expert...If you had BOT 100 shs of GOOG at 100...then it woulda been nice...I'll take an 8-10 grand gain any day...although it did take longer than a day...Best, IIC

[Runner]

New-Born, some Day Traders look at it like time is money. .20 or .30 for l0 minutes of time is not a bad trade off. I was implying that commissions and execution for this style of trading is very important. Sure 1000 shares @ .20-.30 is not bad for 10 minutes of work. Would you agree with this? Many will hit their targets by 10:00 and be done with it. They may hit it again around 2:00-3:00. Sure position sizing in day trading is just as important as any other style….

[New-born baby]

Daytrading styles.

"Raven"

Yes, I agree that a $300 gainer for 30 minutes or less of "work" is great. I'd like to do it everyday! I know I lack the market savvy to do it every day. I need a mentor. IIC has many years in the market (anybody that can remember the '70's investments is a "seasoned" investor). It's as easy to him as eating a piece of cake.

But I do like Interactive Brokers. They seem to cater to more serious investors like you, IIC, Spike and me. I still have a Scottrade account because I am sitting on a large chunk of Canadian stock that I do not want to take my eye off of for ten days or so. But first real chance I get I am leaving Scott for IB.

I also like to hear IIC talk about his daytrades because I want to learn how to do it more proficiently.

Both of you add a lot to this forum. Thank you and keep sharing!

[IIC]

Pre Watch: YHOO NFLX SLAB CRDN BEV ETN CRIO AKS JNPR OPWV CR VRST GRU ....2 others I am watching: TTEC CVNS

[IIC]

New Born...It is not a piece of cake...if it was I would quit my job and trade full-time.

[IIC]

Upgrades:

NEOL BSG CPHD ELP PPC APSG BVF VRNT SLAB ACF YHOO MERQ ARDI RIMM TSP OPWV

[New-born baby]

Pre-watch

IIC,

Are all your pre-watch stocks potential longs? I ask because I see YHOO on there, and besides, unless you deliniate otherwise, I'd assume them all to be longs.

Thanks.

[New-born baby]

Bni

IIC,m

How about this news>BNI earned .91 per share; First Call est. .79. Think they might bump up this morning?

[IIC]

IIC,

Are all your pre-watch stocks potential longs? I ask because I see YHOO on there, and besides, unless you deliniate otherwise, I'd assume them all to be longs.

Thanks.

Correct...IIC

[IIC]

Traded first 2 hrs only...Not so good today:

SLAB +.12sh
CRDN +.30sh
PACT -.34sh

Problem was that I bot more of PACT.