Skiracer's stock slopes

[Runner]

Ski, you are pretty much on track with it. In reality my edge is buying the pullback. This increases the hit rate not always but in a nutshell that is it. I’ve turned on some trades with over 10% risk and same results just smaller number of shares used in the trade. Over the long term it does test out and I’m happy with it. I just feel the standard fixed number on risk does not take in account the stocks volatility. If you have a position that moves over 7% in any given day you might get stopped out quickly. I never trade much over 1% of account capital per trade. My system is not a get rich quick system. Example starting balance 100K and 10 trades turned on. 5 winners and 5 losers but the winners ran up some nice gains. Say it was profit now of 12K. Account value now 112K Now one uses the 112K with the same 1% risk this increases the number of shares but keeps the same risk just with more capital. If this makes any sense? I think more is involved with this then most think and yet most never give it any thought.

[IIC]

Without checking the order of his trades or whether he held any simultaneously let's suppose he started out with $17,700 and that he never held any at the same time. Then his gain would've been 13.5%.

[Gwhiz]

Could GLD have formed an inverted head and shoulders?
I know that in a head and shoulders top the volume spiek is supposed to be on the left shoulder, but in a bottom is it supposed to be on the left or the right?
On the left in the case of GLD anyway.
Unsure whether to buy gold stocks now, or wait until either a drop to the 58 range or a breakout above 60 in GLD

[Runner]

Could GLD have formed an inverted head and shoulders?
I know that in a head and shoulders top the volume spiek is supposed to be on the left shoulder, but in a bottom is it supposed to be on the left or the right?
On the left in the case of GLD anyway.
Unsure whether to buy gold stocks now, or wait until either a drop to the 58 range or a breakout above 60 in GLD

Gwiz, I like GLD over 60. I think it might be showing the inverted S/H/S on a daily chart. Look at your weekly and notice it needs to run over 60. That would also violate the weekly down trend line. Something to keep an eye on for sure..

[skiracer]

Gwiz, I like GLD over 60. I think it might be showing the inverted S/H/S on a daily chart. Look at your weekly and notice it needs to run over 60. That would also violate the weekly down trend line. Something to keep an eye on for sure..

I've owned the gold ETF GLD from the 46 level. Still holding it. The daily looks pretty choppy and rangebound between the 56 to 60 levels. But the weekly looks to be more of a double bottom base pattern forming. There is also the little gap on the weekly that could be filled. So many factors govern golds movement. I think the gold stocks would be a better play right now rather than the ETF. The ETF usually moves after the basket of stocks start moving.

[dmk112]

SKI, sorry dude.
My exits:
NRPH - 51
ININ - 16.50
AVP - 30.30

Took some profits for DXPE @ 30

[skiracer]

Here's this weeks watchlist with some plays that I find interesting. Good luck this week everyone.

[skiracer]

SKI, sorry dude.
My exits:
NRPH - 51
ININ - 16.50
AVP - 30.30

Took some profits for DXPE @ 30

Thanks bud. I'll enter them on the sheet right now.

[skiracer]

Here are the results for this weeks gains/losses. Very well done guys. I am thoroughly impressed. Here is the sheet:

[IIC]

Maybe I missed that post...Runner...Have you been to Belize?

[Runner]

Maybe I missed that post...Runner...Have you been to Belize?

Doug, I have been around the world but most places have been on business that was not pleasing to the eye. I can't say I've been to Belize...

[IIC]

Doug, I have been around the world but most places have been on business that was not pleasing to the eye. I can't say I've been to Belize...

I've been to Belize 7 times...It is not what it was in the 80's when I considered moving there...Doug

[Runner]

I've been to Belize 7 times...It is not what it was in the 80's when I considered moving there...Doug

the closest to Belize I've been to is Nicaragua , Panama, and Grenada. Thank God it was the only times I needed to go to those places.

[skiracer]

the closest to Belize I've been to is Nicaragua , Panama, and Grenada. Thank God it was the only times I needed to go to those places.

I spent several years out of the country from the early 70's to around 1977. Was based in Colombia and spent some time in Panama and the rest of Central America. Belize was spectacular in those days and wide open. If you had American dollars you could live like a king very cheap.

[Runner]

I spent several years out of the country from the early 70's to around 1977. Was based in Colombia and spent some time in Panama and the rest of Central America. Belize was spectacular in those days and wide open. If you had American dollars you could live like a king very cheap.

I think it was Panama that had a bunch of these little monkey looking things that would steel anything shinny. They got my canteen cup once.