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dear usrx888 et al. I am looking for a way to modify my current method of trading, with a beginning, simple option strategy, but it has to be one I can relate to. When I trade Dell, which I have been doing heavily only during the last nine months, I use a very simple minded brute force method, involving alot of leverage, and many times placing 50% to 100% of my shares into a trade. I currently have 12000 shares, at about 41% equity. I have learned the intraday trading patterns of all the large cap high tech stocks, and subscribe to pc quote for a data feed on one machine (where I am hoping to go to two or three monitors), and then from my laptop, I trade via schwab's internet service. I have mentioned before, that by utilizing this simpleminded brute force method, I have trippled $100,000 during this heavy trading period. Actually it is 324%. For only the last two months, I have heavily studied this thread, and of course, in the face of some of the talented statements here, re all aspects of the stock, I hesitate to say ANYTHING. but at the same time, I notice alot of confusion regarding options trading--perhaps I shouldn't say that--some seem to be very much in control. the reason I am submitting this memo, is I would encourage people to simply carefully study the intraday trading patterns, and especially in chart format. You quickly get good at calling high and low points, then you start trading--seems easy to me. and then, when these trading patterns become second nature to you, you can feel whether you want to be in overnight or not. as I have said before, I end up 80% fully long overnight. I would like to shift my way of thinking slightly, to add one option concept to what I do; especially when the stock drops, and I am in cash. I am always 100% in a margin account, and would prefer to have one account only. I especially wanted to say this stuff on a day like today, which is a very good news day for the system I am describing; one could, for example, use this system only on days like today. Please pardon me for saying this, but there seems to be way too much concern on this thread for whether the damned stock went up or not. Give me a break. If you take the time and expense to look at the relative strength of the way dell is trading you get a really comfortable feeling, and a much more mature understanding of what the hell is really going on here. the strehgth is overwhelming, compared to all the stocks I compare it to; and is really only observable in real time. when you're sitting there making yourself a real time part of what the hell is really going on, you learn one hell of alot about relative strength, under all kinds of conditions. it is expensive to have all these charts in front of you as I do, but it takes you to a much higher place, in terms of how the damn stock really trades. and by the way, when you have your timing down, and you know you want to buy or sell 10,000 shares right now, and you're putting the order in based on being intimately up on how the market makers are right now, how many brokers have market makers really strong in dell---what i am saying, is that i get absolutely incredible fast and favorable trades via schwab. and I feel that a discussion on that is relevent on this thread, because if trading were fun and accurate and profitable, we could all help the company by trading the damn stock. I have to say it, MASH is incredible with my orders, and my executions are many times between 10 and 30 seconds filled, with plenty of damned fast phone backup when I need it--and I am a very demanding customer. Anyway, enough said--please don't beat me up too much; I really am trying to be helpful. it seems to me that with the hugh number of long term holders, that with part of your holdings, we all together actually help make the market, by doing the above; and it seems to me that it is in all of our interest to be putting pressure on brokers for profitalbe and quick service on large orders, of dell. as far as I can tell, the top three or four mm in dell, are super important to all of you. thank you in advance for any feedback. I have tried to make trading relevent to this thread, and not set aside, as just one of those minor subtitles. am I way off? the larger dell gets, wouldn't it be fun of all of us helped actually make the market? btw, I know there are tax issues, but many of you probably have the ability to take part of a huge portfolio and trade. i have rambled alot, but i don't have time to reformat this thing. thanks. |
