SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly Buy and Sell Set Ups
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: hubris33 who wrote (8824)4/1/2006 6:55:03 AM
From: chowder  Read Replies (1) of 13449
 
Re: Getting fills ... When I identify a chart set up, I place a market stop order immediately. The order turns into a market order at a price above the previous day's close. This gets me in line sooner than a lot of folks. Sometimes I'm waiting on a 30 minute high before placing an order, but I have a few guidelines I follow that are a part of my trading plan.

I don't trade stocks that trade less than 250K shares per day.

I very rarely trade an AMEX stock.

My chart patterns and trading system have a higher success rate on NYSE stocks over $40 and NASDAQ stocks over $20.

I limit the number of low priced stocks in my trading. I try to keep them to less than 10% of my overall trading.

I don't sweat paying up if the pattern is compelling. I've shown some stocks here, that have been successful, where I had to pay 2% to 4% above my initial entry target. That's to be expected since I'm trying to identify price points where the buying shows up.

My journal shows me that front running these buy points was not a successful venture. There have been many trades in the past year that came within a few cents of my buy point and reversed. I would have had a bunch of losers on my hands, instead, I have trades that did not trigger.

dabum
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News