StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 ... 10 11 12 13 14 ... 21 >>Post Follow-up
chip
67 posts
msg #63560
Ignore chip
6/10/2008 7:25:33 PM

TRO, I got 4% on that pop :)

TheRumpledOne
6,358 posts
msg #63633
Ignore TheRumpledOne
6/13/2008 5:42:45 PM

SPF was fun today.... another 3 - 4% pop off the bottom.



d27283
19 posts
msg #63640
Ignore d27283
6/13/2008 8:13:49 PM

Hi TRO,
I'm starting out with $500 and trading crossing ma's..... oh yeah and reading alot. What would I need as a minimum bank roll to run like Forest ?

TheRumpledOne
6,358 posts
msg #63670
Ignore TheRumpledOne
modified
6/14/2008 12:06:43 PM

There's more than one way to answer that...

1) If you want to daytrade, then by rule you need $25,000 minimum

2) you can "beat the system" by holding over night. If you buy an RFR stock at/near the bottom, you can hold overnight, hopefully sell at the pop, and then buy back in near the bottom again. You can make up to 3 daytrades in a 5 day period in a margin account before being labeled a PATTERN DAY TRADER. Only use a daytrade to escape or to take huge profits.

3) if you have a cash account, you'll need to divide your funds because of the 3 day settlement rule. If you buy/sell on Monday, those funds should be available on Thursday. Tuesday funds on Friday and Wednesday funds on Monday. So if you have $1000 then you'll be able to trade 100 shares of SPF at a time.

Now, 100 shares doesn't sound like much but if you net 2% a day then the next time you trade you can buy 102 shares. With the magic of compounding, you'll be trading THOUSANDS OF SHARES within 6 months.

Account start value: 500.00
Daily % increase 2.00%

trade Month 1 Month 2
1 $510 $758
2 $520 $773
3 $531 $788
4 $541 $804
5 $552 $820
6 $563 $837
7 $574 $853
8 $586 $871
9 $598 $888
10 $609 $906
11 $622 $924
12 $634 $942
13 $647 $961
14 $660 $980
15 $673 $1,000
16 $686 $1,020
17 $700 $1,040
18 $714 $1,061
19 $728 $1,082
20 $743 $1,104

end of year: $57,944


Account start value: 500.00
Daily % increase 3.00%

trade Month 1 Month 2
1 $515 $930
2 $530 $958
3 $546 $987
4 $563 $1,016
5 $580 $1,047
6 $597 $1,078
7 $615 $1,111
8 $633 $1,144
9 $652 $1,178
10 $672 $1,214
11 $692 $1,250
12 $713 $1,288
13 $734 $1,326
14 $756 $1,366
15 $779 $1,407
16 $802 $1,449
17 $826 $1,493
18 $851 $1,537
19 $877 $1,584
20 $903 $1,631

end of year: $602,426


Account start value: 500.00
Daily % increase 4.00%

trade Month 1 Month 2
1 $520 $1,139
2 $541 $1,185
3 $562 $1,232
4 $585 $1,282
5 $608 $1,333
6 $633 $1,386
7 $658 $1,442
8 $684 $1,499
9 $712 $1,559
10 $740 $1,622
11 $770 $1,687
12 $801 $1,754
13 $833 $1,824
14 $866 $1,897
15 $900 $1,973
16 $936 $2,052
17 $974 $2,134
18 $1,013 $2,219
19 $1,053 $2,308
20 $1,096 $2,401

end of year: $6,123,101

You can see that consistant trading will grow your account. I know, I know, what about losses, being stuck, etc... well, what if you only make HALF THOSE YEARLY NUMBERS?

The biggest obstacle to achieving this is YOU! I don't know you personally, but, in most cases, people are in their own way. They are NOT satisfied with just making $10 a day starting out... they want more! They see what they could have made had they only traded some other stock. So then they hop around and miss more opportunities then they catch. Instead of being focused on their account they stick their nose in other people's business.

When you are trying to GROW an account, it's not the dollars, it's the PERCENTAGE! What do banks pay in a year? 2%? 3%? 4%? 5%? What's the reason you are not satisfied with making that in a day? Is waiting a year or two to have a BIG PILE OF CASH too long to wait?

Trading the same stock, day after day after day after day is BORING. AND IT SHOULD BE! You should be doing the same thing (that works) each and every time you trade. THIS IS BUSINESS. You don't have to be creative just consistant. You don't have to think, you have to execute.

If you want EXCITEMENT go to Vegas.



d27283
19 posts
msg #63672
Ignore d27283
6/14/2008 12:31:13 PM

Awesome, now to find my kid's piggy banks. I'm half way there.

TheRumpledOne
6,358 posts
msg #63678
Ignore TheRumpledOne
6/14/2008 4:26:01 PM

You will be tempted to stray from this method.

Can you really only trade the same stock over and over again, day after day, week after week, month after month?

Can you wait for 4 or more hours to place ONE TRADE?

Can you wait for YOUR PRICE or will jump the gun only to see that you could have entered at your price a few minutes later?

Will you be tempted to put the latest SQUIGGLY LINE indicator on your chart or can you stick with a few horizontal lines?

TRADING IS SIMPLE... I never said it was easy.





TheRumpledOne
6,358 posts
msg #63680
Ignore TheRumpledOne
modified
6/14/2008 4:35:34 PM

Fetcher[
/* TRO STAT SCAN - BOUNCERS - DOWN AND BACK */

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }

set{ClLo, Close - low }
set{BouncePCT, ClLo/open }
set{AvgBounce5, cma(BouncePCT,5) }
set{AvgBounce20, cma(BouncePCT,20) }

set{OpLo, Open - low}
set{DropPCT, OpLo/open }
set{AvgDrop5, cma(DropPCT,5) }
set{AvgDrop20, cma(DropPCT,20) }

set{HiOp , HIgh - Open }

set{Bounce, count( close > open , 100)}

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

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

and add column B10A {GT10%}
and add column AvgRng
and add column Bounce
and add column AvgDrop5
and add column AvgBounce5
and add column AvgDrop20
and add column AvgBounce20

and add column separator
add column BouncePCT{(today)}
add column BouncePCT 1 day ago{(-1day)}
add column BouncePCT 2 days ago{(-2day)}
add column BouncePCT 3 days ago{(-3day)}
add column BouncePCT 4 days ago{(-4day)}

and add column separator
add column industry
add column sector
and add column separator

/* SELECTION CRITERIA */

B10A above 10

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

sort column 5 descending
]



Note the stocks on this filter provide opportunity for nice gains every day.

SPF and ABK are the 2 stocks I have been trading in my RFR account.







d27283
19 posts
msg #63682
Ignore d27283
6/14/2008 4:48:14 PM

I don't care what other people do beyond learning from their experience. My goal is to develop an understanding to the point where I can trade for profit. One of my hang-ups (I'm sure there are many) might be some weird ego thing that wants any success that I enjoy to be earned by discoveries made be myself. I do attempt to rise above. Here's an example: In my limited exposure to charting I found the crossing averages strategy. If running with Forest is something that I can learn, then I need to let MAx's go. Remember my mission statement is" trade for profit"
I'll do some math and get back on this thread. Some things that I'm attempting to understand are: after dividing my 500 in three (cash account) how much gain do I need to pay for the trip ($14) and still have something to begin to compound?
The people involved in these discussion forums are really nice, thanks.


miketranz
668 posts
msg #63688
Ignore miketranz
6/14/2008 9:01:15 PM

Here's one for you:"In all my years of coaching,I have never been successful using somebody else's plays" -Vince Lombardi

d27283
19 posts
msg #63693
Ignore d27283
6/14/2008 10:37:33 PM

The key word being "success". Based on my stated mission success would be making a profit, maybe at some point enough so I don't have to punch the clock at the hellhole where I work. Well maybe it's not that bad but still.....try substituting the word success with satisfied. At the point where I am now (just starting and with limited funds) I'll take any wins that I can get while hopefully taking away some lessons learned. Thanks again to all at and with stockfetcher. I am really having fun with this.

StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 ... 10 11 12 13 14 ... 21 >>Post Follow-up

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