StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 2 3 4 5 ... 21 >>Post Follow-up
67 posts
msg #61046
Ignore chip
4/3/2008 4:51:06 PM

Y'all know what TRO says, "it's not what you trade, it's how you trade it" ....

In the spirit of TRO's paying it forward, I thought I'd share my experience with this.

I trade 1000 shares of just one stock, going long only, using only techniques TRO taught me (with great pain and patience on his part).

Here are my trades for the past 2 weeks (I have $10 round trip commission):
5.01 - 5.07 +$50
5.08 - 4.99 -$100
4.63 - 4.70 +$60
4.86 - 4.92 +$50
4.99 - 5.09 +$90
4.32 - 4.44 +$110
4.80 - 4.88 +$70
4.87 - 4.94 +$60
5.57 - 5.53 -$50
5.41 - 5.58 +$160
5.46 - 5.56 +$90
5.80 - 5.86 +$50

So $640 in 12 trades. 10 wins, 2 losses. Both losses would have been wins if wasn't such a nervous, scared trader, and every win left money on the table. The trades average about $5000 so I'm making 13% in 2 weeks. That simply is amazing to me.

Basically, TRO has taught me to print $50 bills and with a little practice, those will be $100 bills.

745 posts
msg #61047
Ignore maxreturn
4/3/2008 4:56:47 PM

Thanks for sharing Chip. Just out of this the trapline method that TRO charges $500 for?

67 posts
msg #61048
Ignore chip
4/3/2008 5:05:54 PM

I have heard about the trapline, but I don't know what it is. This is basically trading price action -- what TRO calls the Forrest Gump method. If price is going up, I buy. If it stops, I sell.
Would work with any of the stocks from his Run Forest Run filter.

6,371 posts
msg #61049
Ignore TheRumpledOne
4/3/2008 5:37:54 PM


I taught Chip how to use the BLACK BELT TRADING method that I have posted for FREE along with other methods that I have posted for FREE.

When a trader only trades ONE STOCK, it is easier to identify the trading opportunities. All you have to do is watch, wait and react. It's the reaction part that Chip is struggling with at the moment. Too much second guessing as the trade passes him by.

SPF was identified by the RUN FOREST, RUN filter as one of the best stocks to trade under $10. You get at least one 10% pop almost every week. All you have to do is be ready to enter the trade.

How many people are making 10% a week on their trades?

Chip will be first to tell you that I have not SPOON FED him. He has had to dig for the gold. I just poiint him in a certain direction and if he wanders too far off the path, a 2x4 upside his head gets him back on the

Most of the time when Chip asks a question, I make him answer it. That way when he understands, he really understands. Chip is now making money on a regular recurring basis which IS the point of trading. Chip would make a lot more if he wasn't such a NERVOUS NELLIE...LOL!

745 posts
msg #61055
Ignore maxreturn
4/3/2008 8:21:54 PM

Thx TRO and Chip. Due to the fact that I have a day job I've restricted myself to swing trading stocks off the daily charts. I've enjoyed good success but ran into a bit of a rough stretch with all the market volatility the last couple of months. I must admit TRO that your approach has a lot of appeal. Basically high percentage trades using a hit and run approach. I'd love to diversify a bit and incorporate some of your strategies but as I understand it your methods require intraday monitoring? This would be difficult for me to do right now due to my day job. Still, thanks for your contributions!

6,371 posts
msg #61068
Ignore TheRumpledOne
4/3/2008 11:29:42 PM

The Black Belt Trading Strategy can be implemented EOD or BOD when the market is closed.

You plan your entry/exits ahead of time.

6,371 posts
msg #61073
Ignore TheRumpledOne
4/4/2008 7:33:18 AM


/* Long Profit Percent Statistics Display */

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B10A, count(Long_Profit > .10 , 100)}

set{A10A, count(Long_Profit > .10 , 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT10%}
and add column AvgRng

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator


B10A above 15

close is between 1 and 15
average volume(10) above 1000000

sort column 5 descending

67 posts
msg #61075
Ignore chip
4/4/2008 10:08:29 AM

Another winner this morning. 5.96 - 6.05 +$80. Not bad for 6 minutes work.

6,371 posts
msg #61077
Ignore TheRumpledOne
4/4/2008 10:32:36 AM

$80 * 5 = $400 / week

$400 * 50 = $20,000 / year

Not bad for part time.

You can use that money to buy gasoline...LOL!

67 posts
msg #61083
Ignore chip
4/4/2008 12:17:45 PM

There went another one, 5.95 - 6.02 -- +$60

StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 2 3 4 5 ... 21 >>Post Follow-up

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