EWZuber
1,373 posts
msg #31701
- Ignore EWZuber |
4/13/2004 2:41:12 AM
wallman
Even if I were going to risk entering a screamer, i would use Trendlines. The best way I have found to do this is on the 1 minute chart. When a stock is really hot often times this is the only time frame where any pullback occurs. The TL is then drawn on these small dips and bought on the breaks. A supporting TL is then established and a discipline can be applied to the trade. Its a daytrading technique that seems to apply perfectly to this sort of scenario.
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EWZuber
1,373 posts
msg #31708
- Ignore EWZuber |
4/13/2004 1:10:40 PM
CLNG took off today from 4/3 post. Up about +27%.
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EWZuber
1,373 posts
msg #31709
- Ignore EWZuber |
4/13/2004 1:12:02 PM
Correction, CNLG.
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txtrapper
548 posts
msg #31713
- Ignore txtrapper |
4/13/2004 7:45:30 PM
Took off today from 4/3 post?
Zuber, CNLG dropped from a HIGH of $3.78 on 4/3/2004(the date of your post) to a LOW of $3.05 on 4/12/2004, then Monday CNLG bounced off the EMA(13).
Monday was the earliest I would have entered the stock.
TxTrapper
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TheRumpledOne
6,529 posts
msg #31716
- Ignore TheRumpledOne |
4/13/2004 8:17:00 PM
Hey EWZuber:
By this time, you should have enough profit to daytrade. You got about 44 pages on this thread. Let's assume that's 44 trading days. So you could do about 20 roundtrips without triggering the rule. And with your trendlines, you should make about 10% per trade:
Account start value: 5,000.00
Daily % increase 10.00%
TRADE Month 1 Month 2
1 $5,500 $37,001
2 $6,050 $40,701
3 $6,655 $44,772
4 $7,321 $49,249
5 $8,053 $54,174
6 $8,858 $59,591
7 $9,744 $65,550
8 $10,718 $72,105
9 $11,790 $79,315
10 $12,969 $87,247
11 $14,266 $95,972
12 $15,692 $105,569
13 $17,261 $116,126
14 $18,987 $127,738
15 $20,886 $140,512
16 $22,975 $154,563
17 $25,272 $170,020
18 $27,800 $187,022
19 $30,580 $205,724
20 $33,637 $226,296
YOU SHOULD BE RICH BY NOW!
MAY ALL YOUR FILLS BE COMPLETE.
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txtrapper
548 posts
msg #31723
- Ignore txtrapper |
4/13/2004 9:44:13 PM
TheRumpledOne
CNLG...On 4/12 RSI(2)bottomed out on my 3m/d chart at 6.88 on red volume @ 83,669 just before the $0.72 cent jump today. Do you watch stocks when RSI(2) is above 6? I find RSI(2) most useful when (both) RSI(2)is below 2 and Slow Stochastic(5) Fast %K is below 20 at the same time.
TxTrapper
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EWZuber
1,373 posts
msg #31724
- Ignore EWZuber |
4/13/2004 10:12:04 PM
Txtrapper
looking back on the post I made on 4/3
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"4/3/2004 11:56:50 PM
CNLG looks very interesting. An excellent trading chart, IMO."
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This is not claiming that there is an entry on 4/3. Its just a heads up on the stock.
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EWZuber
1,373 posts
msg #31725
- Ignore EWZuber |
4/13/2004 10:15:45 PM
TheRumpledOne
I'm not going to address your post because it strikes me as disingenuous.
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EWZuber
1,373 posts
msg #31728
- Ignore EWZuber |
4/14/2004 3:04:25 AM
Looks like AKLM is getting ready to move. Everything is coming together.
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TheRumpledOne
6,529 posts
msg #31737
- Ignore TheRumpledOne |
4/14/2004 2:56:29 PM
EWZuber:
I was just making a point that after all this time, you should have raked in enough profit to meet the $25,000 minimum for daytrading.
Looking back at all your posts, you should have generated a whole lot more if you actually trade them.
There is NOTHING disingenuous about that.
EWZuber 4/13/2004 10:15:45 PM
TheRumpledOne
I'm not going to address your post because it strikes me as disingenuous.
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