Wowzers
35 posts
msg #63993
- Ignore Wowzers |
6/19/2008 8:50:01 AM
Wow, awesome thread and posts! (read them 3 times already!!)
Just a few quick questions for Chip, TRO and 13thfloor, im wondering do use a broker for this???
Im guessing more likely than not your trading by yourself electronically but what trading platform do you use? and what trading platform would be easier for a complete noobie to learn on??
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13th_floor
724 posts
msg #64065
- Ignore 13th_floor |
6/19/2008 7:13:03 PM
Hi Wowzers.
I use IB for trading.
If you are free at night ( or during the day ) I'm in the GOS chat,register there and I'll be glad to answer whatever questions you have.
Being a newbie is tough,good luck
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Wowzers
35 posts
msg #64069
- Ignore Wowzers
modified |
6/19/2008 9:18:36 PM
13th, thank you for your prompt reply
Im available to chat at pretty much anytime you are and will try to be on the GOS chatroom (which i finally found) as much as possible. IB as in interactive brokers??
Im a noob remember, lol
thx again
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TheRumpledOne
6,529 posts
msg #64109
- Ignore TheRumpledOne |
6/20/2008 1:31:43 PM
SPF hit the drop target today and bounced 2%.
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chip
67 posts
msg #64134
- Ignore chip |
6/20/2008 10:57:20 PM
Wowsers, good luck getting going. I sure spun my wheels for a good long before getting any traction. I use TDAmeritrade, with the izone plan. I may switch to IB for the naked short situation. I use the free Command Center java platform, simply because it means I don't have to boot up a windows machine. TRO got me started with a basic idea -- if price is going up buy, sell when it starts down. Then to make that more precise, he taught me what he calls black-belt trading which basically turns out to be buy when it seems that selling is exhausted, and sell at the other extreme. This technique works well for a single stock because after weeks of following, you can kinda tell what it's going to do. Then along came 13th, teaching Muddy's methods and adding even more $s to my account. 4 days this week I made money on trading one stock (TRO-style, SPF) and 5 days this week I made money trading 13ths momentum style. I love TROs filters and style and I love 13th's room (and his combinations of TRO's and Muddy's filters) and style -- right now it seems like what's going to work best for me is a combination of the 2. Both guys are great and are seriously paying it forward.
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jimhbutton
104 posts
msg #64167
- Ignore jimhbutton |
6/22/2008 1:31:01 AM
TRO or chip,
You've both used the term "TP" in your posts and in spite of scrolling through reams of threads I've yet to find a definition. I'm sorry my ignorance is showing but could you help me? Does it mean:
(A) Toilet Paper? (lol, I couldn't resist)
(B) Trade Price?
(C) Turning Point?
(D) Target Price?
(E) Other?
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chip
67 posts
msg #64168
- Ignore chip |
6/22/2008 7:57:36 AM
For me, it means Take Profit. I suppose it could also mean Target Profit. On SPF, I usually go witha TP of 2%, or about $0.07 after commission, however I usually get too nervous after about $0.04 and end up exiting too early.
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TheRumpledOne
6,529 posts
msg #64173
- Ignore TheRumpledOne |
6/22/2008 1:16:13 PM
TP is usually TARGET PRICE or TAKE PROFIT AT.
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jimhbutton
104 posts
msg #64198
- Ignore jimhbutton |
6/23/2008 12:10:49 AM
TRO & Chip,
Thanx guys.
What a great thread. I appreciate your contributions.
jhb
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Wowzers
35 posts
msg #64662
- Ignore Wowzers
modified |
7/3/2008 4:17:56 PM
Chip, forgive me for being thick, but i have read read this post maybe 20 times from top to bottom and am still have a couple of quick questions.
Thank you for your time and have a wonderful 4th of July!
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