I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Ok...I spent all weekend putting up charts showing you what to do at
my site...Guess it is a good time to show you what not to do.
Today I day traded QID 2x for plus .66 and plus .63sh.
I also day traded QLD for minus 1.23sh.
What went wrong on the last trade?...It was a good buy point...But it
turned against me and I should have taken a small loss...That's just
part of the game.
I'm starting to like trading QID much better than short selling individual stocks..... Plus I have more buying power trading QID because it's technically a long play. And with the huge volume here I can trade large orders quickly. I feel stupid for not discovering this sooner. Thanks Doug!
Wasn't around much today...Made a quick .09 on QID but I missed the great moves late thru 76.50 and another one thru 78...I did watch the last hour but I had my trading desk closed...Doug
Quote of the day (from a trader): "This is worse than a divorce. I've lost half my net worth and I still have a wife."
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Today was so volatile...I only got a quick +.25 on QID...I did miss 2 trades because someone in my office interrupted me...One would have worked well...The other one...Tough to say 'cause it went up and down so fast it is highly questionable as to whether or not I could've gotten out w/ a profit...The rest...I just just shut down my trading desk and watched...Looked too tough...For me anyway...Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
IBD called a Confirmed Rally in Friday's paper...Maybe I misunderstand the whole market system...But I thought the markets were supposed to go up in a rally???
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Doug, River, MM, in the past I've read that cash is where to be, do you guy's care to weigh in on the ??? is now a good time to start sampling the markets. If so what are your fav. sectors. MEA
Doug, River, MM, in the past I've read that cash is where to be, do you guy's care to weigh in on the ??? is now a good time to start sampling the markets. If so what are your fav. sectors. MEA
At this point I do not want to hold anything over...Whenever the market turns I will not be there to jump in from the bottom...I will wait for technical confirmations...I'd rather be late than wrong.
I watch the Groups du Jour...I have no idea what Sectors will lead the next Bull.
Good To See You...Best, Doug
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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