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General Discussion · Reverse Engineer a Master Trader's approach
msg #91985
5/3/2010 1:39:18 PM

Financial statements in their pure format are for IRS and SEC filing. I donít want to bore you with MBA talk but I would argue that spotting investment opportunities based on fundamental analysis takes much Ė much - more than calculating or looking up some ratios. Why - do you think - investors were willing to invest and continue investing in Amazon despite millions of dollars in loses year after year?

I am not against mixing technical and fundamental analysis. All what I am saying is that ratio analysis and financial statements donít give an accurate picture of the potential profitability of any company. For me, I am a trader not an investor. As a result, I am taking all my decisions based on technical factors and despite having the ability to read and interpret financial statements, I almost never do except if I am buying something for my sonís portfolio.

General Discussion · How to Swing Trade
msg #91178
4/14/2010 1:35:46 PM

Do not trade to make money in the beginning. Instead, Trade for the best consistent performance records. Do this and money will sure follow; trade for money and sure you will lose a lot of it.

General Discussion · STOP !!!! .... We Need To Work as a TEAM !!!!
msg #88433
2/19/2010 9:37:58 PM

I am not an Elliotician and I canít argue one way or another based on Elliot wave counting. But it seems to me that the market is in its way to develop a Head and Shoulder pattern. For S&P, the RS should be completed in the 1,120.00 area. With that said, letís not forget the failed Head and Shoulder back in July. Also I donít think that some similarities between the current charts and those from 30-40s does necessary mean that they will have the same fate and trace the same footsteps. Personally, I stopped trying to predict the long term market direction for now. The days will come again when doing this is both possible and profitable but for now I think there is too much irrationality in the markets. I was dead wrong, despite having the logic and fundamentals on my side, on evaluating the strength and the momentum of the last March uptrend. I got on almost every counter trend move hoping to ride it all the way back down. My net profit is a mediocre percentage of what I would have made if I just kept my brain shut and traded the price actions instead of my personal opinion of how the price should act. Currently, I am evaluating my positions daily and trade what I see not what I think. I got long S&P after the Hammer on 02/05. A reliable reversal pattern was confirmed by bouncing off the 200 EMA in relatively strong support area. IMHO, this was good enough buy signal. I am still in and will sell only when the chart gives me a technical signal to get out. This works for me for now.

General Discussion · Happy holidays everyone.
msg #84100
12/9/2009 5:02:57 PM

May 2010 be a much better year for all of us.

Happy holidays to you all

General Discussion · etrade
msg #84099
12/9/2009 4:52:42 PM

You will get a lot of $#it like that from E-Trade. Save yourself some frustration and find another broker.

General Discussion · Swing Trading Ideas and methods
msg #83070
11/14/2009 3:58:52 PM

Like I said, try to read a little more next time. It was pretty obvious that I am talking about a trade that is still alive.

General Discussion · Swing Trading Ideas and methods
msg #83068
11/14/2009 3:50:27 PM

My post was regarding DPTR.

DPTR may have bottomed ...... for the record I am in this and taking a beating...

The dime one was TWM. Just read the whole thing next time

General Discussion · Swing Trading Ideas and methods
msg #83065
11/14/2009 2:37:57 PM

Eman, do not do that. It is the older than dust traderís trap. When a trade is not working for you, get the hell out. Run, donít walk. Your trading deamonds are wispering into your ears now giving you every justification to stay in a bad trade. Do you hear these voices? ď Look at the debt ratio, look at this, look at that. I canít loose on this one, it is rock sold fundamentallyĒ You may get lucky and the stock actually turning your way some times. But if you adapt this method, it will only be a matter of when - not if Ė you will overstay a loosing trade that will destroy your account. Donít boil yourself alive like a frog. With every dime down, pulling the trigger gets harder and harder. If your stop was hit, just get out. I wrote this to myself in my trading journal few years ago when I had to rebuild my account from the ground up again. Donít learn the hard way. Wish you best of luck

General Discussion · Intraday Alerts
msg #82941
11/12/2009 3:32:23 PM

Happy birthday John. May all you candles be red only if you are short :-)

General Discussion · 50 day Crossing 200 day (Golden Cross)
msg #82786
11/10/2009 4:53:08 PM

I am sorry I did not read your first post carefully. I am sure the code can be written, I just canít do this at the moment since I am still at work. A quick short cut is to change the Look back setting after the prebuilt filter runs. For example, if you run the 50/200 today, you will get 8 results. Hover your mouse over the date Tuesday November 10, 2009 Ė the first line on top of the results grid Ė and you will get a drop down menu with options One day ago, Two days ago, One week ago, etc. Basically what this does is that it instructs the filter to look for the cross not on todayís date but rather on the Look back settings you just selected. Letís say you go for a week ago and run the filter. Now look at the Since(%) column- it will appear after you change the look back period - to see the percentage change since the cross. Even better, click on the header of this column once or twice to sort the result set ascending or descending by this column and then you can select the percentage you want, say 1% since for instance. Hope this help until you get the parameterized code written.

To limit the results of the filter to a group of stocks of your choice, add a "symlist" phrase. For example, if you insert this as the last line of the 50/200 code, you will get only 2 results for today instead of 8


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