Milking the STOCK cows - learning the ins and outs

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cwn6161
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Postby cwn6161 » Thu Mar 25, 2010 1:49 pm

AAPL moved out of its BZ too fast this morning for me to catch it.

I did trade RIMM for .45 though. Still trying to see if I could scalp or go for .4+ each time.

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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 26, 2010 2:27 am

cwn6161 wrote:You are correct - I was scalping. TRO has suggested before that one should aim for small scalps in the beginning when milking the cows - that if the price stops moving in your direction you want to get out. I was looking to see if I made a good call based on the 1 min charts, or if I should have held longer.


DO NOT SECOND GUESS YOURSELF.

The goal is to make money.

You made money.

HINDSIGHT is 20/20.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Patch
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Postby Patch » Fri Mar 26, 2010 4:44 am

TRO

Your post above is really and truly the bottom line of why you and I and all of us are here:

"The goal is to make money."

Right on. Right on. Right on. Thank you.

Kreslik provided a social setting that I very much like, and yet my bottom line is that I am here to learn and grow as a trader with the ultimate goal to make money. Now more than ever.

Thanks for all your help TRO.

Patch
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ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

cwn6161
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Postby cwn6161 » Fri Mar 26, 2010 3:36 pm

Not much to report today....

1 trade with AAPL, small loss - hasn't gone down again to test the zone.

RIMM didn't drop down to the zone to short either.

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Postby nkhawaja » Sat Mar 27, 2010 11:43 pm

isnt this the buyzone for AAPL

AAPL,

you plot one horizontal line .10 above the open and another .20 above the open... that is the LONG ZONE.
Then you plot one horizontal line .10 below the open and another .20 below the open... that is the SHORT ZONE.
Trading rules are simple.
1) You go long when the chart price candle is GREEN and is in the LONG ZONE and the 60 minute candle is GREEN
2) You go short when the chart price candle RED and is in the SHORT ZONE and the 60 minute candle is RED.

I use this on a 1 minute chart the first 15 minutes after the open and then switch to a 5 minute chart.
Rule of thumb while trading... NEVER GO SHORT ABOVE THE OPEN OR LONG BELOW THE OPEN.If you stick to the zones, this is not a problem.
But traders are tempted to trade outside the zones.
Stop loss - If the price crosses the open against you, it's time to give it up!
The most you should lose is a dime.
This method on a bad day, wins about 60% of the time.Once you get the hang of it, you'll be in the 80% or higher range.. that's right, 4 out of 5 winning trades.
Apply the money management matrix to this and you'll see you can rake it in!!
Yes, this works for other stocks, too.I posted my herd of cows - the top 20 stocks to trade.But, if all you trade is 1000 shares of AAPL each trade you should clear $400 or more in 30 - 60 minutes everyday.By focusing all of you attention on ONE STOCK, you should never miss a trade.But the minute you take your eye off AAPL, it'll be the time it pops and you would have missed it!
Anyone for AAPL juice?

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cwn6161
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Postby cwn6161 » Sat Mar 27, 2010 11:57 pm

the BZ is the same for all stocks. forex currencies share a BZ as well

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Postby TheRumpledOne » Sun Mar 28, 2010 3:39 am

The BuyZone is NOT the same for all stocks.

The "cows" share certain criteria and the buy zone is the same for all of them.

C does NOT have the same buy zone as AAPL.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby cwn6161 » Sun Mar 28, 2010 3:54 am

My apologies on giving bad information, TRO. When I had PM'ed you about it, you had told me "The BuyZone does not change for stocks. You only trade the stocks that work with the BuyZone."

I thought you meant all stocks, but I guess you meant just cows?

In that case, how is the BZ determined for other stocks?

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Postby TheRumpledOne » Sun Mar 28, 2010 4:05 am

You have to run the statistics.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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