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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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.
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
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…
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"
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.'
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"
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"
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