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scalperT
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Postby scalperT » Sat Oct 27, 2007 8:09 pm

dwb451--David, thanks so much for taking the time to give me some excellent advice, it is deeply appreciated. I am so used to living on 50k, that I continue to live that way every day. Perhaps it is time to spend some loot! I enjoy going to the Florida Keys (Islamorada) and fly flishing for Tarpon, and Bonefish. I would not mind moving there, and always wanted to when I was a kid, and my parents took me there. I intend to implement your "10 things I would like to do list", as soon as I get out of this fog I am. Thanks again for some fine ideas.

stantonmichal--I am glad there were no hard feeling after my comments. I know how to use my platform, but not much else. It is kind of pathetic actually, as I have a really nice state of the art computer system. I am sure I could do many things with it, if I knew how. The problem is---I am not sure if I even care to know. After many hours on my platform, I did finally figure out how to save my daily trade record, to my "documents" in a text file format. This way I can print it out, and review my trades, and why I took them. Most 10 year olds would know this, but it took me hours.

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TheRumpledOne
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Postby TheRumpledOne » Sat Oct 27, 2007 8:18 pm

" I know how to use my platform, but not much else. It is kind of pathetic actually, as I have a really nice state of the art computer system. I am sure I could do many things with it, if I knew how. The problem is---I am not sure if I even care to know."

If you just learn ONE new thing a day, think how much further along you'll be this time next year. ;)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby scalperT » Sat Oct 27, 2007 9:02 pm

Thanks Avery, I will start with the Anthony Robbins stuff on Monday. I will be busy on Sunday watching the Philadelphia Eagles lose. GOOG was amazing, lots of easy trades. It would have been hard to screw those trades up! I used the trapline method on those trades.

In order to avoid so many PM's and repitition of replies, here are the tools I use every single day to make good money. None of these alone will make you a great trader. I am not a great trader. However, by using these tools, and staring at the screen long enough, every single day, my profits really started compounding----fast.

1) My broker is www.directaccesselite.com . This is just a personal choice. They are very cheap, very fast, and very reliable. It is simple to use, so that even I cannot screw it up, and that is saying something! It was recommened by Dr. Mel Raiman of PTS, and I have no complaints thus far.

2) I use PTS, www.precisiontradingsystem.com , for my charting. You have never seen charts like this before. I would highly recommend that you sign up for their free two stock picks each week. They are totally free, and they won't bug you, or try to sell you stuff. The picks speak for themselves. I paid my entire airfare, hotel, and PTS course, all expenses, just by trading those free picks for two weeks. I have opened a Trade Station account. I have not been able to figure it out yet, but my appointment with the tech rep is 11/1, so I am hopeful. If I like TS, and trading with candles, and their exceution, etc. I will probably close the DAE account, and just use TS. The good thing is that TS will also run PTS charts if I decide to keep using them, as will e-signal, as will DAE, my current broker. Unless you do not like candles for some reason, just learn them. With Avery's methods, I think that would be the sensible choice. I know PTS from screen time, that is the only reason I use it.

3) I highly recommend this free e-book by Avery. www.daytradeformoney.com/fade-the-gap , I continue to use this every single day to make .12-.15 cents on AAPL, or RIMM, or .50 cents on GOOG. It works on many stocks like SHLD, WYNN, and BIDU. I have even used it on AMLN. I was short AMLN one day while scalping, and was up about .30 cents. They announced that AMLN was being added to some Russell index, and the stock spiked up huge! I lost big money, really fast, before I could get out. It is never a good idea to revenge trade, but I have been pissed off at AMLN ever since then! I have gotten back most of my money on this stock by using the above method. Follow the rules exactly as Avery explains them. I have only lost good money once. AAPL was upgraded that moring and I did not know it. I was short, and AAPL spiked up fast, I took a nice loss. Now I check my stocks every moring for news, upgrades, downgrades, etc. I simply will not trade these stocks that day. Example: AAPL announced earnings (I believe it was Monday). I did not fade the gap on AAPL that day. As it was, the fade would have worked well, I just chose to avoid it. I faded RIMM, because Microsoft had just announced cell phone software that will compete with RIMM. It was the logical choice

4) Avery's buy zone metod. I use it every single day. It works and is simple to use. No explanation needed, plenty of posts here already about that.

5) www.daytradeformoney.com/averysupermethod.html , this is the "trapline" e-book by Avery. I paid for the book twice over the very next day after getting it. It is the easiest and best trading strategy I have ever personally seen. It is easier to use then any of the above methods, in my opinion. For me personally, it is more profitable also. It has become my favorite method to date. Even if you are a bonehead, it would be hard to screw this up. I only wish that I had gotten it sooner.

Any other questions, please post them here. I am not an expert, or particularly great trader. I just use simple tools that are easy for me to understand and execute. It has made a massive difference to me. Hope that helps.

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Postby scalperT » Sat Oct 27, 2007 9:20 pm

Good idea Avery, and I do try. Today, I was screwing around with my computer and found some type of robot thing? I messed around with it for a couple of hours. This thing will actually read my e-mail to me! I was amazed. It sounds like a robot voice, but it does work.

I have a question for you. I did finally manage to import the trapline signals into TS. My tech rep appointment is on 11/1. Is the stuff I imported just the lines? Are the candle sticks in there to, or do I need to add them?

Thank you in advance.

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Postby TheRumpledOne » Sat Oct 27, 2007 10:03 pm

To get candles, you right click on the chart, click on format symbol, click on style tab and click on candles.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby scalperT » Sat Oct 27, 2007 10:08 pm

Thank you Avery. Sounds easy enough. I hope my charts will look as nice as the ones you post.

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Postby TheRumpledOne » Sat Oct 27, 2007 10:17 pm

"4) Avery's buy zone metod. I use it every single day. It works and is simple to use. No explanation needed, plenty of posts here already about that. "

The BuyZone is TOO SIMPLE. Most can't grasp the fact that 5 horizontal lines can make you rich. They belong to the "if it's so simple then why isn't everybody doing it?" crowd.

But you and a few others belong to the "HOW CAN I MAKE IT WORK FOR ME CROWD?" and are profiting.

As Anthony Robbins would say, "Ask a better question and you get a better answer".

All the fancy, squiggly line, complicated math indicators are NOT going to help you trade. Price is either moving up, moving down or sitting still. Price is the input to indicators not the other way around.

Every run of the day must pass through the Buy Zone. When price makes the high of the day, it passed through the Buy Zone. When price makes the low of the day, it passed through the Buy Zone. NO EXCEPTIONS.

The Buy Zone is just too simple when you want complicated answers.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sat Oct 27, 2007 10:21 pm

tjmxxx wrote:Thank you Avery. Sounds easy enough. I hope my charts will look as nice as the ones you post.


Forget about pretty charts.. JUST FOCUS ON RAKING IN THE CASH!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Sun Oct 28, 2007 5:57 pm

"There are thousand of indicators and thousand of strategies that you can use. No method will work all the time."

Except for the BUY ZONE!!

Price must pass through either the SHORT ZONE on the way to the LOW OF THE DAY or through the LONG ZONE on the way to the HIGH OF THE DAY. It is IMPOSSIBLE for price NOT to pass through one or both zones throughout the day for the stocks (COWS) selected. Therefore, the BUY ZONE always works. QED.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby scalperT » Mon Oct 29, 2007 11:40 am

I agree with everything you have said Avery. The buy zone cannot "not" work, it is impossible!

Agreed also that most T/A is useless, at least for me.

My PTS charts are quite ugly, but I make money. I can get candle sticks at DAE but they don't look so good. I much prefer the candles you post from TS. The candle sticks are very clear and appear to be easy to follow. If I am going to use candles, I want the best, and I have never seen better than the ones you post.

Agreed, on concentrating on profits---absolutely!

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