Spike's Scientific Stock Analysis

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  • spikefader
    Senior Member
    • Apr 2004
    • 7175

    Well I nailed another perfect add entry to my YM swing today
    Total is 3 contracts long with average of 10687 and I'm sitting in +450 points profit combined. It's taken 6 trades to get here, (2 breakeven stopouts and a -20 stop out). So total profit for the combined effort to establish the position is +430.

    Had I simply held 1 contract swing long I'd only have +270 points.

    What is the difference in performance? Well, I have a 59% performance enhancement to a single position. Not too shabby. How long can such a trend last and keep me in the hunt? Well, time will tell I'll just sit back, move stops to even on the adds, and see what the market wants to give me. I correctly held through the 700 resistance I was so worried about. Now I'll just keep on holding until Vector whispers to me and I'll start to trim then or even consider closing the whole thing if circumstances warrant. But I'm pleased with the way I've been able to build this position up. It's been a cool ride thus far. And reinforces the leveraging winners concept I recently discussed for SCOTC.

    Comment

    • spikefader
      Senior Member
      • Apr 2004
      • 7175

      SCOTC - Cream of the Crop, total after losses rises to +1.1% for the port, with 9 from the original 20 remaining. DJO gets cut tomorrow due to bearish psar on the daily, and GOL almost had 2 of it's 3 positions stop out today. Strange how its psar is at 41.00 and not close to taking it out yet, and at the same time DJO is performing better than it, and it gets cut tomorrow. Ah the tragedy of it all......

      Anyway the way things are looking the cream will be down to 7 tomorrow unless something magical happens for both of them, like gap ups.....

      The combined positions here:

      Comment

      • dmk112
        Senior Member
        • Nov 2004
        • 1759

        Spike, I'll let you go on that last add on the YM's. LOL
        http://twitter.com/DMK112

        Comment

        • spikefader
          Senior Member
          • Apr 2004
          • 7175

          SOTS - Slime of the Swamp.
          We have a slimy winner for this port too This one had a big fat sell signal on the 20-day chart today (psar/mfi)



          Comment

          • spikefader
            Senior Member
            • Apr 2004
            • 7175

            Originally posted by dmk112
            Spike, I'll let you go on that last add on the YM's. LOL
            Too aggressive for ya? Well I know what you mean. I was looking right at that double top potential when I did it, and didn't 'feel' good about it.....but my entry system was clear as a bell and called for it. Like I've said before; "I'm just a monkey at the wheel"

            Comment

            • dmk112
              Senior Member
              • Nov 2004
              • 1759

              Spike, are you keeping track of the stocks that were eliminated from your SCOTC? Remember CHRW? It pulled back, got eliminated, and now running again.
              http://twitter.com/DMK112

              Comment

              • dmk112
                Senior Member
                • Nov 2004
                • 1759

                Originally posted by spikefader
                Too aggressive for ya? Well I know what you mean. I was looking right at that double top potential when I did it, and didn't 'feel' good about it.....but my entry system was clear as a bell and called for it. Like I've said before; "I'm just a monkey at the wheel"
                Yes just a big aggressive, but then again, you are averaging up. GL.
                http://twitter.com/DMK112

                Comment

                • spikefader
                  Senior Member
                  • Apr 2004
                  • 7175

                  Originally posted by dmk112
                  Spike, are you keeping track of the stocks that were eliminated from your SCOTC? Remember CHRW? It pulled back, got eliminated, and now running again.
                  No, I haven't. But I wanna look now heh. I'm sure some have run nicely after being eliminated. Can't have it all I suppose.

                  Argh, CHRW, surely turned on the stop! heh. I actually saw the potential 5th completion for that one and thought, "Hmm, fixed buy the Mon open may not work for this one"....

                  Comment

                  • Lyehopper
                    Senior Member
                    • Jan 2004
                    • 3678

                    DMK vs SPIKE....

                    I LOVE this exchange dudes.... Much better than reading the paper with my morning coffee! LOL...
                    BEEF!... it's whats for dinner!

                    Comment

                    • skiracer
                      Senior Member
                      • Dec 2004
                      • 6314

                      THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                      Comment

                      • dmk112
                        Senior Member
                        • Nov 2004
                        • 1759

                        Originally posted by spikefader
                        ...

                        Strinctly speaking we aren't 'right at' resistance, we are approaching 'some' of it. ....

                        I don't know know about you, but I think we are "right at resistance"

                        http://twitter.com/DMK112

                        Comment

                        • skiracer
                          Senior Member
                          • Dec 2004
                          • 6314

                          Not taking any sides here but a general rule of thumb is that the more times a market bangs against resistance (a trendline like you have presented) the better the chances are that it will break that trendline. Here are a couple of other points to ponder:



                          THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                          Comment

                          • tokyojoeskid
                            No Posting allowed; invalid email
                            • Oct 2003
                            • 222

                            sndk

                            Spike thanks for the advice. Yesterday I got in at 46.80 set my stop at 46.33, it got just a penny from it and has been up ever since. What do you think this baby can run to? I am thinking 55.

                            Thanks again buddy,

                            Tjk

                            Comment

                            • spikefader
                              Senior Member
                              • Apr 2004
                              • 7175

                              Originally posted by dmk112
                              I don't know know about you, but I think we are "right at resistance"

                              Well now you're stretchin' it dude. It WAS resistance! Until it was broken!


                              Comment

                              • spikefader
                                Senior Member
                                • Apr 2004
                                • 7175

                                Originally posted by skiracer
                                Thanks for the post Ski. There are some really good thoughts in here, and I especially like the last 2 sentences.

                                Comment

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