ceebee
20 posts
msg #110362
- Ignore ceebee |
1/19/2013 3:28:04 PM
got it....thanks
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trianglehead
3 posts
msg #114282
- Ignore trianglehead |
6/30/2013 11:57:54 PM
Hi all,
I read all 14 pages of this post several times and didn't find any suggestions about what stop loss to set if trading is going wrong.
If I decided to play 2% gain, what your suggestions for stop loss?
Thanks.
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cnncurt
2 posts
msg #114363
- Ignore cnncurt
modified |
7/7/2013 9:36:29 AM
TRO -
I'm new to the forum and just ran across your thread. Wondering if you still trade it. I love it's simplicity and elegance as gleaned from your first post.
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oldsmar52
104 posts
msg #115703
- Ignore oldsmar52 |
10/4/2013 5:31:53 PM
This response is mostly for Avery but for anyone who wants to give his method a try. When I read the beginning of this in Sept, 2008 I decided I'd give it a go. As Avery said, "some of you can't be on a computer during the trading day" & that applied to me. After a lot of deliberation, I decided to use $20,000 among the top 5 that show up each week. Am pretty conservative, so I tried to get a 2% profit off of each. In Sept, 2009 that $20,000 had turned into $45,000 with compounding. How great am I feeling!! Sept, 2010 the $45,000 turned into $89,000. Sept, 2011 the $89,000 became $181,000......Sept, 2012 $181,000 was $360,000 & Sept, 2013 that became $729, 830!!!!!!!!!! I live in Las Vegas & my wife's dream for retirement was to move to a place about an hour north of Ocala, FL called The Villages. Next month for our anniversary, she gets to listen to me tell her that we're going there to buy a home for CASH & I still feel like I'm dreaming saying that. I think I heard once Avery that you were in Tucson & I'd love to come by on our way to Florida to give you a big hug for all you've been able to help me do. It was a slow process (it seemed) taking 2% each week but what a finish for us. I couldn't thank you enough Avery & I hope you're still around on this site, wouldn't have a clue how to reach you otherwise. You are the BEST!! Frank
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scott111552
173 posts
msg #115705
- Ignore scott111552 |
10/5/2013 5:22:13 AM
Congratulations, Oldsmar52!!! Reading your post was so inspirational!! Can you give us more details how you accomplished
such an amazing feat? Did you invest $4000 into each of the top five stocks? Also, enjoy your retirement. I speak for many when I say that we hope you remain a member here at StockFetcher....
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scott111552
173 posts
msg #115706
- Ignore scott111552
modified |
10/5/2013 10:47:25 AM
Frank, I have another question. Would you buy a stock even if
It had a huge run-up the prior week? Thanks again!
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durgin
60 posts
msg #115708
- Ignore durgin |
10/5/2013 11:09:31 PM
Frank (oldsmar52),
I also congratulate you on your great accomplishment -- doubling your account every year for five years! While we know that it can be done it is rare for somebody to have the discipline and persistence to actually do it. Didn't you hit problems as your account got larger? Could you provide some color on your experience?
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oldsmar52
104 posts
msg #115711
- Ignore oldsmar52 |
10/6/2013 7:07:54 PM
For Scott & Durgin:Run this filter & you'll see that CSIQ has gone up 2% from its Monday open 49 of the past 52 weeks. That's a 94% probability. How can you not buy that & take 2%. Look on down the list and you can go to GMCR (Green Mountain Coffee) & it plus those above it went up 2% from its Monday open 47 of the past 52 weeks, and 47 of 52 is a 90% chance.
Did I have any problems? None for the first two years when I was buying the top 5 off the filter. In the third year, the volume I was buying would make it (sometimes) difficult to sell all of it at the 2% profit price. I eventually was buying all stocks that went up 2% 42 of the past 52 weeks......that is still an 80% probability. The one other thing I paid attention to was the earnings date & I simply stayed away from it until after the earnings came out.
I'm positive lots of people think that what I've said I've made is a lot of BS, but I certainly don't care. It was so slow for the first 8 months or so & kind of, all of a sudden, a light bulb went on...."Look how much I've made"! Look at GSAT on this week's run, for example. It closed Friday at $1.43 and a 2% increase is to $1.46. When I started I would have bought $4,000 worth or 2,797 shares. A 3 cent profit is $83.91 less the costs of the buy/sell. Doesn't sound like much huh? Do that 47 weeks out of 52 AND compound it & see where you're at.
It appears that Avery may not be here any more. Does anyone know how to get in touch with him? Frank
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four
5,087 posts
msg #115712
- Ignore four
modified |
10/6/2013 8:54:16 PM
TheRumpledOne
6,324 posts
msg #51422
- Ignore TheRumpledOne 5/4/2007 4:15:50 PM
You can email therumpledone at gmail, hotmail or yahoo.
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olathegolf
119 posts
msg #115714
- Ignore olathegolf |
10/6/2013 10:18:11 PM
oldsmar52, congratulations on your success. Please explain your exit strategy if you did not make 2% on a trade. Did you simply set a sell order at 2% and then close the trade at the end of the week if the sell order did not trigger?
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