Newbie Question

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rlac
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Newbie Question

Postby rlac » Sat Oct 27, 2007 1:51 pm

It's been said if you give a man a fish you feed him for a day...Teach a man how to fish and feed him for life. I somehow ran across this web site and have found a wealth of information. TRO and the gang...You guys got it going on.

I have found even the newbie questions are a little over my head.
I'm your very basic stock trader...Ameritrade...WSJ...Barons...CNBC.
I've gone through...trying to hit the home run on a penny stock..(losing lots of money). Buying best of breed..(making a little, but boring), Subscribing to a stock pick site...making a point and getting out..(making ameritrade rich). I have a decent understanding of the candlestick charts.
TRO's trading the gaps has peaked my interest! I started with 10k 18 mos ago. Now at 20k. My goal is not to loose money!

If there is a another post similar to this...forgive me...let me know and I'll check it out.

Would someone take the time to walk me through what I should do next.
I feel like I'm in 1st grade compared to you guys.
Sounds like I need some more software...TS or Neo. Or could a guy just run TRO's gap code on fetcher every morning and play the gaps?

Thanks.

Rick

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TheRumpledOne
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Postby TheRumpledOne » Sat Oct 27, 2007 5:41 pm

Just trade the gaps.... simple yet profitable. Keep trading the same few stocks over and over and over again, day after day after day...

If you doubled your account in 18 months, then you could run your own mutual fund or hedge fund. THERE IS NO NEXT!

You don't need more software.
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 rlac » Sat Oct 27, 2007 5:53 pm

Thanks TRO...Do I need to subscribe to Stock Fetcher to run your formula every morning before the open?

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Postby TheRumpledOne » Sat Oct 27, 2007 6:06 pm



I don't think you understand.

YOU DON'T NEED TO RUN FILTERS EVERYDAY.

Just find a few stocks that you can trade everyday.

Above is the AAPL chart for Friday. It didn't fill the gap but you still could have made over $2 per share had you faded the gap at the open.

Below is the RIMM chart.



$2 to fill the gap and another $2 to the low of the day. That could have been over $4 per share!

How many more do you need?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby rlac » Sat Oct 27, 2007 6:11 pm

Oh ok...are you telling me these gap everyday?
I saw on one page some of the ones you like the best.

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Postby TheRumpledOne » Sat Oct 27, 2007 6:24 pm

Top 20 Gap fillers over the last 100 days

CHRW
TEVA
CTXS
ADBE
ISRG
AMLN
FAST
CEPH
DRIV
APOL
EXPD
DISH
GENZ
GILD
HANS
QCOM
SLAB
FSLR
LEAP
GOOG



The above radarscreen shows what these stocks did on Friday.

The below radarscreen shows just how good the cows are at giving you $.50 a trade.

Last edited by TheRumpledOne on Sat Oct 27, 2007 7:25 pm, edited 2 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Oct 27, 2007 6:28 pm

rlac wrote:Oh ok...are you telling me these gap everyday?
I saw on one page some of the ones you like the best.


The volatile stocks rarely open at the same price they closed. Statistically, some of these stocks fill the gap 60%, 70%, 80% of the time.

Much better odds than Vegas.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby rlac » Sat Oct 27, 2007 6:37 pm

Wow...Thanks...I'm going to busy Monday morning.

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Postby TheRumpledOne » Sat Oct 27, 2007 6:53 pm

"I started with 10k 18 mos ago. Now at 20k. My goal is not to loose money!"

"Wow...Thanks...I'm going to busy Monday morning."
---------------------------------------------------------------------------------

Don't make any drastic changes... "IF IT AIN'T BROKE, DON'T FIX IT"

"WISELY AND SLOW: THEY STUMBLE WHO RUN FAST"
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Oct 27, 2007 6:56 pm

"Would someone take the time to walk me through what I should do next.
I feel like I'm in 1st grade compared to you guys."

Go here and study:

http://www.babypips.com/school/

That should keep you busy for a while.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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