StJoe
91 posts
msg #67622
- Ignore StJoe |
9/23/2008 5:58:09 AM
TRO,
So using RFR crock pot, I picked SCA and bought at open for $2.19 and set limit at $2.30 fo a %5 gain. Well it closed at 1.88 with no pop.
So, my question is, I jsut hold for the pop right?
StJoe
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chetron
2,817 posts
msg #67624
- Ignore chetron
modified |
9/23/2008 6:54:51 AM
morning tro, hope your day starts off great, that being said.....
if this filter was the offspring of MTC, then couldn't you play it any time the price crosses monday's open and grab your 1% all week long? or is it just a one time use thing?
tia chetron
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TheRumpledOne
6,529 posts
msg #67626
- Ignore TheRumpledOne
modified |
9/23/2008 8:45:41 AM
9/23/2008 5:58:09 AM
TRO,
So using RFR crock pot, I picked SCA and bought at open for $2.19 and set limit at $2.30 fo a %5 gain. Well it closed at 1.88 with no pop.
So, my question is, I jsut hold for the pop right?
StJoe
======================================================================
There is NO SUCH THING as RFR CROCK POT.
This system was written for a 1% weekly gain.
I suggest you trade a different system.
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TheRumpledOne
6,529 posts
msg #67627
- Ignore TheRumpledOne |
9/23/2008 8:49:01 AM
chetron
modified 9/23/2008 6:54:51 AM
morning tro, hope your day starts off great, that being said.....
if this filter was the offspring of MTC, then couldn't you play it any time the price crosses monday's open and grab your 1% all week long? or is it just a one time use thing?
tia chetron
=====================================================
YES and NO.
If price drops on Monday and bounces back later during the week, then YES, you could enter SO LONG AS price has NOT hit the 1% LONG Target.
In other words, NO DOUBLE DIPPING!! Only one trade per week per stock.
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jimichelssf
12 posts
msg #67640
- Ignore jimichelssf |
9/23/2008 11:06:58 AM
Tro....
I'm new to these forums and to trading and just wanted to add my thanks to the others for your sharing so much.
Thank You!
This Crock Pot filter seems to be what I was looking for since I still need my day job.
I realize (I think) that this plan is setup to buy at the open on Monday and exit at 1% automatically.....
But what if a stock on Friday evening's list did not make it to 1% above Monday's open by the time the market closes on Monday? Imagine that the price is at or below the Monday open price when it closes on Monday evening.
Does that increase the probability that the 1% move above Monday's open will occur on Tuesday thru Friday.... if you are able to buy on Tuesday at or below the open on Monday?
Maybe the probability remains the same but the time range has been a little compressed?
Many Thanks!
James
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TheRumpledOne
6,529 posts
msg #67642
- Ignore TheRumpledOne |
9/23/2008 11:16:20 AM
James:
NO ONE KNOWS WHAT WILL HAPPEN NEXT, ME INCLUDED.
I just trade what and how the statistics tell me to trade.
So if you buy on Monday and the stock drops you can either:
1) stop out
2) wait it out
3) add to your position
There's another way to look at it...
Say you buy 5 stocks.
Instead of selling the individual stocks when they hit 1%, you sell when the accumulated profit is 1%. So you might have mixture of losers and winners when you sell, but your total portfolio profit is still 1%.
Once again...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!!
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jimichelssf
12 posts
msg #67645
- Ignore jimichelssf |
9/23/2008 11:39:54 AM
TRO:
Thanks!
I'm going to try it for a while. It's seems to be wicked simple.
I'll try to let you know how it progresses... and when I think myself into a hole I'll ask for a refresher.
James
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chetron
2,817 posts
msg #67726
- Ignore chetron
modified |
9/25/2008 7:14:48 AM
HOW ABOUT WHICH IS A BETTER BET??????????
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tomm1111
202 posts
msg #67839
- Ignore tomm1111
modified |
9/29/2008 12:08:31 AM
Last Monday was in and out within 30 min.
This week I may have to get some extra helpings.
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StJoe
91 posts
msg #67842
- Ignore StJoe |
9/29/2008 6:48:20 AM
tomm,
What stock did you go after?
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