| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 1359 1360 1361 1362 1363 ... 1903 >>Post Follow-up |
| johnpaulca 12,036 posts msg #124418 - Ignore johnpaulca |
7/19/2015 11:37:19 AM way too much risk in your trading style. |
| karennma 8,057 posts msg #124419 - Ignore karennma |
7/19/2015 12:55:27 PM Guys! You've missed my point. The math is simple. Let's say, I bought NFLX 2 yrs. ago (which I did) somewhere between $68-$75. I buy 500 shrs per trade. It moves up ONE dollar & I take my profit. Let's say, I traded it 5 times. My strategy is repetitive and yes, Four, you are correct, "it works" -- usually. Buy a dip, sell @ $1 gain each time. Depending on the stock, the move can be anywhere from $1-$5 in a day or two. However, my goal is to be in cash, not "stuck" in positions like I was in June during this long correction. So, for simplicity's sake, let's just say, every $1 move, yields a $500 gain. I take my gain, & stay "in cash", until the next trade. If anyone here consistently reads my posts, you know I look for at least ONE DOLLAR moves, not pennies .. unlike many of JP's trades. I try to stay away from doing 4+ trades a day. I'm not saying there's anything wrong with that kind of trading. It's just that .10-.50 cent moves would require too much daily trading for me. Just like trading 5, 6, 7 -- different stocks per day or week doesn't work for me. So, I made $2500 on NFLX and moved on to another stock (which I think, at the time was TSLA). TWO years transpire. In 2013, did I think NFLX would go to $700? Uh, frankly, no. Did I think 2 years ago, the DOW would hit 18,000? Did you? Do you think the DOW will be 20,000 year end? My POINT was, I would've made more money, NOT trading ANYTHING and just holding 500 shrs. of NFLX for 2 years. JP has already proven that point with his previous post. U do the math. If you're making $150-300K a year "trading", then, my apologies. I'm certainly not as skilled as you. |
| four 5,087 posts msg #124422 - Ignore four modified |
7/19/2015 7:45:21 PM K, When would you have said enough and (draw down = __________% over the 2 year time frame) taken a loss? There is a point below (loss) and a point above (profit) the trade. These % or $ amounts are part of the "trading" system. Your arbitrary $1 profit point may be considered scalping by some. We should be letting winners ride.. and losers go Perhaps this video will help? http://tfl365.com/day-17/ Rob Booker PS http://tfl365.com/day-19-how-to-invent-a-trading-system/ |
| novacane32000 331 posts msg #124423 - Ignore novacane32000 modified |
7/19/2015 8:03:17 PM Karen I kinda see what ur saying. Looking back through my trade log (Exactly 5 years) I have 989 trades. 45% of my net profit came from trading CRD.B on just 33 trades. 47% of my net profit came from trading RMTI on 115 trades and the other 7% of my profits came from the remaining 841 trades which involved some 350+ different stocks/Etfs. |
| karennma 8,057 posts msg #124425 - Ignore karennma |
7/19/2015 8:17:58 PM @ Four, Re: "Your arbitrary $1 profit point may be considered scalping by some." ======================= I suppose a more appropriate term for what I do is scalping -- Unfortunately, I tend to not let my winners run because I don't know when the running will stop. AAPL is a good example. SWKS I another. AAPL's been a dog for a while. I know peeps who've been holding AAPL since February waiting for a continuation of "the run". IMHO, they would've been better off in cash, doing one trade a day in other stocks.. I dunno ... I'll watch that video you posted. Thanks for the heads-up. :>) |
| four 5,087 posts msg #124426 - Ignore four modified |
7/19/2015 8:20:49 PM K, PS http://tfl365.com/day-19-how-to-invent-a-trading-system/ " I tend to not let my winners run because I don't know when the running will stop. " Runners stop when your system says the running has stopped. Just like your system says the running is still going. Simplified system: Car moves when gas is in the tank (running)... Car stops when the gas tank is empty (trade ends). I can be in the driveway (0 miles) or up to 400 miles away. It All Depends. |
| karennma 8,057 posts msg #124427 - Ignore karennma |
7/19/2015 8:47:33 PM four 2,272 posts msg #124422 - Ignore four modified 7/19/2015 7:45:21 PM K, When would you have said enough and (draw down = __________% over the 2 year time frame) taken a loss? ===================================================================================== Re: NFLX Honestly? NFLX was a hypothetical. And, for me personally an unrealistic one. Back in Oct '14 didn't NFLX drop from $675 to $375 -- or something like that? JP claims he remained long in his retirement account. Not me!!! THAT alone would've scared me out of it. And I prolly would NOT have gotten back in it for a long time. That's the other reason why I "scalp" or prefer staying in cash -- FEAR. My first rule of trading is "KNOW THYSELF". I know I'm afraid, and I know my first trading priority is capital preservation. For me, trading is not about making money, it's about not losing money. I also know I don't "chart" well enuf to know when a market has run it's course. Other people (here & elsewhere) have a much better handle on that than I. So, I rely on OPCs (other people's charts) and read OP's opinions . I know what I know and I know what I don't know. If I get confused, I don't trade, and stay in cash. For me, cash is a position. Funny, JP thinks what I do is "risky". IMHO, I'm very conservative. |
| four 5,087 posts msg #124428 - Ignore four |
7/19/2015 9:00:42 PM "That's the other reason why I "scalp" or prefer staying in cash -- FEAR." -- I notice the goal is not to make a profit but instead to reduce fear. I wonder: Why do you trade, if not to make a profit? Boredom, Excitement, Stress, Enjoyment, Distraction... |
| karennma 8,057 posts msg #124429 - Ignore karennma |
7/19/2015 9:08:44 PM novacane32000 238 posts msg #124423 - Ignore novacane32000 modified 7/19/2015 8:03:17 PM Karen I kinda see what ur saying. Looking back through my trade log (Exactly 5 years) I have 989 trades. 45% of my net profit came from trading CRD.B on just 33 trades. 47% of my net profit came from trading RMTI on 115 trades ======================================= Exactly! IMHO, KNOW what you're trading. I don't know how some traders just pick different symbols everyday and then pick a whole new batch the following week. I can't do that. I follow a few that move and trade 'em over and over. I've posted many of them here .... AAPL, SWKS, AMBA, SKX, CYBR, LCI ... Sadly, I made $$ on CYBR & LCI, then lost it all because I deviated from my discipline. Every time I start following more than 3 stocks -- I lose. |
| karennma 8,057 posts msg #124430 - Ignore karennma |
7/19/2015 9:31:25 PM BTW, post-split, I'm very interested in NFLX now ... (See chart) http://finance.yahoo.com/news/5-charts-netflix-shareholders-see-140726244.html |
| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 1359 1360 1361 1362 1363 ... 1903 >>Post Follow-up |
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