StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 ... 13 14 15 16 17 ... 21 >>Post Follow-up
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??

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

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

TheRumpledOne
6,358 posts
msg #64109
Ignore TheRumpledOne
6/20/2008 1:31:43 PM

SPF hit the drop target today and bounced 2%.



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.

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?

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.

TheRumpledOne
6,358 posts
msg #64173
Ignore TheRumpledOne
6/22/2008 1:16:13 PM

TP is usually TARGET PRICE or TAKE PROFIT AT.



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

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!

StockFetcher Forums · General Discussion · I trade just one stock, TRO-style<< 1 ... 13 14 15 16 17 ... 21 >>Post Follow-up

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