Yes, or they have a network of trading buddies that do...It helps in the game plan to know where the stops and buy orders are given...BTW, welcome Richard...I see you are getting quite heavy into TA....Any time you want to exchange ideas on new strategies to deploy, let me know...That is why I am here, to pick up pointers from Lizard...Unfortunately, this thread is basically give your picks and run...To anyone who has evaluated the picks I list here, let me make this clear:
1)My watch list is just what it is, a watch list....
2)My picks on the watch list are for ONE day only....Thus, my watch list changes every day...
3)Some of the picks on my watch list are genuine dogs...That is where
much deeper TA and FA study comes in..I may have 25 stocks on my watch list and on a given day may enter zero, or possibly 1-3...(depending on market conditions)
4) A stock under consideration must hit a pre-determined trigger point, to display follow-through, before I will enter...That is where I made my mistakes last week...When you get a run of successful trades going, you tend to get this all-power complex that you can do no wrong...The market humbles you quite quickly, as I again found out last week...Usually I peg 1/32 over yesterday's high on stocks under 15, 1/16 on stocks from 15-29, and 1/8 on stocks over 30....
4) My goal is to absorb any trading knowledge I can, and to make between $2000-5000 a week...
5) I may only trade part-time, because of my full-time job, but I am 100% devoted to this game...I trade to make a successful trades, money is secondary....
Regards, Mark
P.S. Found out late last night that I entered EQNX at 10 7/8....If the 50 day play pans out, I will exit at 11.50.... |
