Let me know your thoughts......

[pug]

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[lawmaker1]

why apple?

 

[pug]

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[selkirk]

if you did not have a daily gain, what would you set a stop loss, (whether it was short or long). would you take a 2-5% loss.

short term trades sometimes work, I traded one stock, it would be around 11 and move up sharply to 11.40-11.60 in about two hours of trading, often sooner....no idea, no news...then during the day it would drift down to the open price.

that only lasted a few weeks though, so that trend did not last, this can happen in your case.

also let us say we have a rally, the bulls have been battered, so let say we have a year end rally. December is ussually a good month for the markets.

hard to tell when the markets turn, so what if you take your gain 1% and the markets rally, this can happen quickly.

Apple is one of those tech names people follow, in a rally just like Rimm these stocks can be bid up quickly.

good luck with the trend

thanks
selkirk

 

[pug]

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[pug]

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[pug]

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[selkirk]

pug thanks for the update, always interested in any short term trading that can produce a good return, especially when compared to the index.

thanks
selkirk

 

[pug]

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[selkirk]

have you tried it on any other high volume stocks, also one day you lost -6.5, is this the worse loss so far.

thanks
selkirk

 

[pug]

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[dawgball]

I played with a strategy similar to this a few years back trading QQQQ.

I also did not use stop-losses and got blasted once that wiped out months of progress.

I always said I was going to try it again later with some side money.

Personally, I don't like the idea of using an individual stock for a system like this. But that's just me.

 

[pug]

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[dawgball]

How did you decide to sell at a 6.5% loss?

 

[pug]

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[pug]

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