johnpaulca
12,036 posts
msg #63508
- Ignore johnpaulca |
6/9/2008 1:11:11 PM
Closing;
APA...4.2%
DVN...1.3%
RIG...up 2% will hold...has lots of life left...still a good entry here.
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enforcer
21 posts
msg #63531
- Ignore enforcer |
6/10/2008 6:21:58 AM
thanks luc. you have truly spoken in the spirit of a true trader.
lets us all remember that the ultimate goal is to make profits and not neccesarily to beat the market.
master how to control greed, fear and over confidence . Then you only need to be as good as average in this game to be successful.
if you trade wisely, you can choose your level of greed vice- versa.
izzykabaka says
may the stochastical plains bring forth fruits unto you all.
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luc1grunt
622 posts
msg #63537
- Ignore luc1grunt |
6/10/2008 9:23:26 AM
I don't believe JohnnyVento's eyes are taking in the full trading spectrum or understands there are many ways to skin cats (or milk cows, he, he).
:)
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luc1grunt
622 posts
msg #63538
- Ignore luc1grunt |
6/10/2008 9:23:48 AM
Anyone fading this open?
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johnpaulca
12,036 posts
msg #63545
- Ignore johnpaulca |
6/10/2008 12:29:20 PM
RIMM...long@$134
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johnpaulca
12,036 posts
msg #63551
- Ignore johnpaulca |
6/10/2008 3:48:22 PM
RIG...added to position@145.25
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johnpaulca
12,036 posts
msg #63623
- Ignore johnpaulca |
6/13/2008 10:56:08 AM
AAPl...picked up some cheap @$167... I still think it will hold ema(34)
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johnpaulca
12,036 posts
msg #63628
- Ignore johnpaulca |
6/13/2008 1:20:41 PM
AAPL...out@$173...3.6%...I don't trust this market for a second. Closed most position today still have some long term holds. I am net short and will remain there for now.
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d27283
19 posts
msg #63641
- Ignore d27283 |
6/13/2008 8:17:21 PM
I bought WNR on a ma3 crossing ma13. It's just my second trade....we'll see.
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johnnyvento
51 posts
msg #63695
- Ignore johnnyvento
modified |
6/15/2008 12:43:39 AM
"I don't believe JohnnyVento's eyes are taking in the full trading spectrum or understands there are many ways to skin cats (or milk cows, he, he). "
Luc1grunt,
so many comments about your post, I need to number them.
1- With all due respect, I believe you when you tell me that you are using $300,000 for trading to make $1500- a 0.5% return on your investment. And there is no need to get into a semantic argument about the word 'risked'- my usage of the word would be interpreted as 'capital that is now on the line and needs to be managed', not 'capital that will suddenly disappear completely'- your chiding me about that is just a sloppy interpretation of language on your part. No further discussion of that point is needed.
2- I seriously doubt that many traders, outside yourself, and DEFINITELY INCLUDING ENFORCER, are using $300,000 of capital in their trades, so my original objection stands.
3- EVEN IF you had all that capital, there are arguably better ways to get a better return on your investment. For instance, if you were paying attention, you would see that scans are run every day to find stocks that increase or decrease over 8% in a day or 15% in 2 days- many stocks run 10, 20, even 50 or more percent in a single day- so you could argue, for instance mathematically, if you were only able to catch a SINGLE 8% gainer a day- and if you run the scans you will see there are many of them- then you only need to risk $18,750 of capital to make that $1500. Can you see why this might be better than 'risking' $300,000, or am I just talking to a brick wall?
5- EVEN IF you are trading 4x long on $300,000 that is still $75,000... refer above to a better management of that 'risk'
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