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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Hot darn! Lookin' real good! Hey, I still got a little cash sitting around earning 1.05%....!!! And the kracken's gettin' DXPE too.
Sister! Nice call. River
River,
Just this polite, concerned warning from me:
Day trading has slain its thousands, but ELN has slain its ten thousands. ELN is one wild stock. It defies the chart more often Charlie Manson.
Just this polite, concerned warning from me:
Day trading has slain its thousands, but ELN has slain its ten thousands. ELN is one wild stock. It defies the chart more often Charlie Manson.
Just this polite, concerned warning from me:
Day trading has slain its thousands, but ELN has slain its ten thousands. ELN is one wild stock. It defies the chart more often Charlie Manson.
If you thumb back through this thread, you'll see a few places where Spike called ELN to be a bull, and burnt toast was the result. (And Spike is simply the best chart reader around). But like I said, she's a wild stock.
If you thumb back through this thread, you'll see a few places where Spike called ELN to be a bull, and burnt toast was the result.....she's a wild stock.
Aye; it's true, ELN has taken its fair share of assigned risk. These pages have th' proof of it. I'll have to read back and remind meself.
But from me vague memory the gains have outweighed the losses, the W/L be ok, and the probability acceptable. So I nay fear th' ELN ship.....it can be tamed; money can be made.
And while we would all like a 100% success rate on opinions and biases we all know that's nay never gonna happen. So it's about managing, and risk control
Maybe a quote from this thread 2 years ago on such matters will help those scared of the "wild" stock ELN:
Trading success is a whole lot more than just straight winners or percentage winners. While straight winners can make you HUGE , ultimate profitability is is much more about risk reward and how you make it fit into your trading style. The numbers have to work otherwise you're wasting your time and your money.
Do the numbers work applying TA to ELN? You bet yer wooden leg they do.
I am not attacking Spike; he's the master TA man without peer, imho. I am just saying that ELN took me for enough dough to make KingoftheHill the King of the Hill. But look at ELN right now; recommended on 6/15/07 at $21.50. And it is $21.13 right now. Not exactly green, though certainly no need to panic. Normal price action thus far. And Spike is exactly right: it is all about managing the trade. No one knows what any stock will do, and I say, "especially this one."
So please chalk up all my comments to my own "burnt toast."
Only when we are no longer afraid do we begin to live. Dorothy Thompson
Don't be afraid to go out on a limb. That's where the fruit is. H. Jackson Browne
Let us not look back in anger or forward in fear, but around in awareness. James Thurber
Our doubts are traitors and make us lose the good we often might win, by fearing to attempt. Jane Addams
Nothing in life is to be feared. It is only to be understood. Marie Curie
Ultimately we know deeply that the other side of every fear is a freedom. Marilyn Ferguson Fear not for the future, weep not for the past. Percy Bysshe Shelley
In skating over thin ice our safety is in our speed. Ralph Waldo Emerson I have learned over the years that when one's mind is made up, this diminishes fear; knowing what must be done does away with fear. Rosa Parks Worry gives a small thing a big shadow. Swedish proverb
For God did not give us a spirit of fear, but of power and of love and of self-control. 2 Timothy 1:7
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