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Non-Tech : PERFECT TRADER

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To: Triffin who wrote (1)3/8/2001 7:22:04 PM
From: Triffin  Read Replies (1) of 408
 
How to Lose with Perfect Trader

Methods for losing $$$ utilizing the Daily Point Movers

1) Overnight Method


Determine the top and bottom 5 point movers from
the following sources daily @ 3:50 .. take positions
long/short ( equal $$$ or equal shares works just
as poorly )MOC and hold overnight .. trade out of
positions during the first hour of trading as best you can

For Overnight Longs

siliconinvestor.com

For Overnight Shorts

siliconinvestor.com

2) Creative Losing Gap Plays

Monitor prior day's point gainers/losers list for
next day gap openings .. Sell short any issue that
gaps up +2 points .. Go long any issue that gaps
down +2 points .. Make sure you are flat by MOC ..

Monitor prior day's point gainers/losers list for
next day gap openings .. take no action except to note
those issues that gap up or gap down at least +2 points ..

For those issues that gap up .. enter a 'buy stop' order
at a price equal to the prior closing price +1 point ..
Works best on prior day's point winners ..
Hope you don't get filled ..

For those issues that gap down .. enter a 'sell stop' order
at a price equal to the prior closing price -1 point ..
Works best on prior day's point losers ..
Hope you don't get filled

In either case, don't risk adverse price action beyond
prior day's closing prices .. Make sure you are flat by MOC

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