Runner's Rascals

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    • New-born baby
      Senior Member
      • Apr 2004
      • 6095

      Daytrade

      Runner,

      Let's talk daytrading for a moment. I'd like to suggest you look into FDG for daytrading. The thing is $87 a share, but it moves. And if the trade moves against you, they pay $4.27 dividend.
      pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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      • It’s a little more work then I thought. I just ran these few IG’s and this is what was returned. I have not a clue what the charts look like. I think I’ll do this type of homework on the weekend

        AIRT
        ANS
        EAGL
        FDX
        WLDA
        COH
        FORD
        ISAC.OB
        ALG
        CAT
        DE
        LUFK

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        • Heck, first glance these stocks don't look to bad.

          Comment


          • Originally posted by New-born baby
            Runner,

            Let's talk daytrading for a moment. I'd like to suggest you look into FDG for daytrading. The thing is $87 a share, but it moves. And if the trade moves against you, they pay $4.27 dividend.
            Newborn, I don’t DT anything over 50.00. This number works out well for me based on my money allocation for day trades.. I must say though that chart sure does look pretty awesome on FDG…

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            • Weekly watch list:
              SCHOOLS:
              EDMC CECO LAUR

              STEEL:
              RESC NUE STTX STLD CRS SIM


              FISH/LIVESTOCK:
              SEB IBA OME

              CONSUMER FINANCIAL SERVICES:
              CT NNI FRE EEFT SLM FCFC RWT

              CONSTUCTION SERVICES:
              CHCI LAYN DEVC WLS CHE

              CONSTR. & AGRIC. MACHINERY:
              DE KMT RSTI AG CAT MTW

              APPAREL/ACCESSORIES
              GOSHA FORD PERY TAG JLN
              Last edited by Guest; 02-07-2005, 10:58 PM.

              Comment

              • IIC
                Senior Member
                • Nov 2003
                • 14938

                It is extremely tough to DT expensive stocks. If you are trading news...then I would stick to sub 30 bux...and in most cases...sub $15. Chart patterns are a different story...but even then, how many $50 stocks go up 10% in a day?
                "Trade What Is Happening...Not What You Think Is Gonna Happen"

                Find Tomorrow's Winners At SharpTraders.com

                Follow Me On Twitter

                Comment

                • New-born baby
                  Senior Member
                  • Apr 2004
                  • 6095

                  Originally posted by IIC
                  It is extremely tough to DT expensive stocks. If you are trading news...then I would stick to sub 30 bux...and in most cases...sub $15. Chart patterns are a different story...but even then, how many $50 stocks go up 10% in a day?
                  IIC,

                  My thinking: 10% of $15 stock = $1.50
                  Daily movement of FDG= $2.00

                  One probably won't catch all of that $1.50, and one probably won't catch all of that $2.00. But if you're trading 1000 shares and it moved .50, you made enough cover lunch (I've got a big family). If FDG dropped, you have an aggressive stock with a good dividend approaching the ex-date, so you don't have to worry about 'cutting losses.'
                  pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                  Comment


                  • Might RSTI bounce off support today?

                    Comment

                    • IIC
                      Senior Member
                      • Nov 2003
                      • 14938

                      Originally posted by New-born baby
                      IIC,

                      My thinking: 10% of $15 stock = $1.50
                      Daily movement of FDG= $2.00

                      One probably won't catch all of that $1.50, and one probably won't catch all of that $2.00. But if you're trading 1000 shares and it moved .50, you made enough cover lunch (I've got a big family). If FDG dropped, you have an aggressive stock with a good dividend approaching the ex-date, so you don't have to worry about 'cutting losses.'
                      2 bux is only a little over 2%...and anyway, I'm not daytrading at 80 grand a pop. The dividend...I would not be interested in holding a stock that was dropping for a dividend...IIC
                      "Trade What Is Happening...Not What You Think Is Gonna Happen"

                      Find Tomorrow's Winners At SharpTraders.com

                      Follow Me On Twitter

                      Comment

                      • IIC
                        Senior Member
                        • Nov 2003
                        • 14938

                        Originally posted by IIC
                        2 bux is only a little over 2%...and anyway, I'm not daytrading at 80 grand a pop. The dividend...I would not be interested in holding a stock that was dropping for a dividend...IIC
                        Also, that dividend is for a year...not one quarter.

                        I'm not saying it is a bad stock...just not my cup of tea for a DT
                        "Trade What Is Happening...Not What You Think Is Gonna Happen"

                        Find Tomorrow's Winners At SharpTraders.com

                        Follow Me On Twitter

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                          • WOW, NAZ TRIN over 11

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                              • Could this now be the time to start looking for LONGS!!!!!!!!

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