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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: aerosappy who wrote (20659)	11/27/2003 11:09:50 PM
From: edward miller	Respond to of 23153

You can also follow dabum on the Yahoo RIG thread. He is the master instructor there, at times. Also it is great intertainment to watch him catch the harassers as they try to disrupt his trading and teaching to others. They always try to talk a big story, and he always catches them in lies. It is great entertainment as well as good learning. I read it every day. Recently there have been lots of dry spells, but if you are patient dabum will get on a streak, and then the posts get very interesting. He is also very good about answering questions there. I bet he would do the same here, but you need to do your own homework, too. You can learn from him, but he won't do it all for you. He is very clearly of the "teach a man to fish" school, if you get my drift. As you might guess, dabum is one of my favorite posters, both here and at Yahoo. Ed

To: aerosappy who wrote (20659)	11/28/2003 1:33:00 AM
From: kodiak_bull	Respond to of 23153

Aero, To be honest, it's tough to trade for a living and I'm always looking for ways to make it simpler. I'd be happy to post all the stocks I'm buying and selling, but that would put extra pressure on me and if a downdraft hit then I'd feel bad for people who might have traded off my list with the best of intentions. It might create more pressure on me than I already have, which is more than adequate. My conclusion is, and I've said this before, that each of us is required to come up with a trading platform that is titled: "Kb's Trading Program" or "Aero's Trading Program" etc. It has to be personal, it has to be created out of your own special temperament and experience and tolerances, and it has to be constantly tested and revised against your own standards. I can post here (have already, many times) which books I found most useful, which approaches I think are best, but even if we sat side by side (or better, sat with Dabum) and copied his exact approach, we'd never trade the same way, or get the same results. DB and I are very close in our approach, yet I find it almost impossible to trade his reversals. For some reason they don't work for me. Nor did RAD, which I think I consistently traded to a fifty cent loss 2 or 3 times. Not much, but when you think that it was a 4 dollar stock at the time, not very good. I'm sure there are positions I've held or hold now that he can't quite understand, but there you are. My approach couldn't be simpler, in a bullish market I will expend capital to buy positions in stocks which give signals, via volume and price, that they are more likely than not to go up, and soon. I will be patient as long as necessary if I get the timing wrong, I will even endure larger % losses in my initial position than most traders will, if I think the stock is still signalling in the same direction. Kb

To: aerosappy who wrote (20659)	11/28/2003 7:16:29 PM
From: chowder	Read Replies (2) \| Respond to of 23153

Aero, >>> How 'bout giving more guidance on the scans that you have found useful. For example, it seems that you look at relative increases in volume (e.g., EGHT a few weeks ago) as an important tool.... <<< In my opinion, it's more important to have a good stock scanning tool than a good trading platform. Excellent execution doesn't help much if you don't have a good quantity of stock selections. I have found that TC2000 and TCNet is an excellent scanning and charting tool. I can't imagine going back to buying stocks the old way of tracking a few selections with many watch lists and agonizing over the charts, searching for a good pick. With Telechart, I can program the type of set ups I want to appear and it searches the entire stock universe in seconds, and pulls up the stocks meeting my criteria. I have a scan for reversal patterns and one for break outs. For over two years I used to study the section in Investors Business Daily that asked if you would buy or sell this stock, based on the chart pattern. You didn't know the name of the company. What I learned from this experience was that the stocks that ran up the most were stocks that broke out of a basing pattern on strong volume and money flows. So, I have added that criteria to my stock scans. This chart shows two of the criteria I have programmed into my scan. stockcharts.com[h,a]daclyiay[d20030528,20031107][pc20!b50!f][vc60][iut][J21314630,Y]&listNum=1 The third ingredient, which I can't show on the chart, is a one week money flow surge. I can't show it because Stockcharts sets up their 5 week chart from Monday to Friday. With Telechart, I get the last 5 days regardless of the day of the week. It gives a better perspective. Now, when that set up appeared, I ran a 3 day chart, 5 day, 7 day and 9 day chart. All of them showed bullish patterns with strong volume and money flows. I like using a 3 day chart for short term or swing trades. You can't get this type of setup with standard or free charting services. Since KB and I use the same charting software, it makes it easier to share charts and compare or confirm ideas. I like reversals more than KB and I mentioned WIN as a reversal over on RIG over a week ago. I mentioned LF prior to the open today. These types of picks are programmed into my scans and it only takes moments to find them. The key is in knowing how to read the chart. It takes a little patience and experience in learning what works for you. WIN: stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lg]&pref=G The advantage is .... instead of waiting on some stock YOU may want to buy, to trigger a buy signal .... you can program the criteria you look for and the program will kick out stocks that meet that criteria. Then you decide to play them or not. I update my scans hourly during real time and am able to decide quickly if I want to move on a pick or not. Today's two best prospects were INAP and CORI. Because of a lighter volume trading session, the scans didn't kick out many prospects. LF was my best prospect on my reversal scan. INAP: stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lg]&pref=G CORI: stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lg]&pref=G The nice thing about this reversal play is it's close to support levels. If support doesn't hold, you get out with minimal loss. LF: stockcharts.com[h,a]daclyiay[pc20!b50!f][vc60][iut!Lb14!Lg]&pref=G In any event, that's what I look for and that's how I set up my scanning software. Don't know if it helps or not. I know it works for me. I'll be glad to assist in any way I can. dabum

To: aerosappy who wrote (20659)	12/1/2003 10:31:08 AM
From: kodiak_bull	Read Replies (1) \| Respond to of 23153

Aero, As we discussed, I wrote this note 3 trading days ago to Cosmo (#20656): "Today I was happy enough to be holding EGHT VOCL RTK POSO TGAL DSLN ONNN GOAM WHT. I owned EGHT only because Dabum a couple of weeks ago in a p.m. asked me what I thought of the chart: I said I thought it looked great. 13 trading days and 174% gain later I still thought it looked great but forced myself to sell and take the gain. My gut tells me if I want to buy back my shares on Friday I'll be able to do so in the low $6 range." As of now (suffering a minor computer hiccup), my accounts in these stocks show: EGHT +174% (closed) VOCL +40% (closed--too soon, but my computer was down) RTK +22% TGAL +57% POSO +44% DSLN -4% ONNN +20% GOAM +50% WHT +48% I think Dabum has put his finger on the main point, and much more eloquently than I can do. Most of these threads are filled with people looking at the same list of names wondering when the attractive action is going to take place. RRI is a good example, now doing well. But a lot of people are just looking at their stock lists and waiting (hoping) for a familiar name (a "friend") to step up and do something nice for them. The best example of this is the BBR thread, where the crowd has gathered to watch energy stocks and bet on their performance. It's like having a racing form but with only the horses available to bet one coming from one stable. In the end I think one has to become more or less a stock whore: any customer will do as long as he brings his money. We need to learn about price and volume, scan the universe of stocks and winnow it down to the 2 or 3 best candidates, out of 8,000, per day to really look at. Then invest a moderate amount (1-2% of portfolio funds), practice sound money management techniques, and stay with the program. As I mentioned, I seldom know what these companies do beyond their tickers, except I think DLSN is dsl provision or something, and WHT is in gold mining. TGAL I haven't a clue, but I think it runs into overhead resistance in the 4.30~4.50 range, if this bull market continues and nothing stock specific (earnings disappointment) happens. Kb