StockFetcher Forums · General Discussion · I've got a couple of stocks, any additional suggestions<< 1 2 >>Post Follow-up
papagatorga
124 posts
msg #69618
Ignore papagatorga
12/6/2008 11:40:52 AM

In this market, I am attempting to trade a few stocks short term (1-5 days) with a goal of a 5% move. The stocks I am currently watching are MITI, RDN, and SPF. If you are aware of any others that tend to trade sideways or slightly up with a degree of fluctuation, would appreciate the heads up. The only indicator I use is a linear regression channel and a 30 minute chart to time entries. For those of you with more experience, would you suggest a shorter or longer chart for entries and any other idicators? But I want to keep it simple. Am I on the right track? Thanks

SFMc01
272 posts
msg #69624
Ignore SFMc01
12/6/2008 5:31:48 PM

papa: Good luck with your strategy. I'm always very interested in different strategies. How have you been trading these stocks? what do you do based on 30 minute or other charts?

Thanks.... Steve

TheRumpledOne
6,358 posts
msg #69627
Ignore TheRumpledOne
12/6/2008 7:43:05 PM

1) Use my RUN FOREST, RUN filter to find the stocks that POP the most.

2) Throw your indicators away. YOU DO NOT NEED THEM. Follow Muddy's "WAIT FOR GREEN" method.



slotmarket
59 posts
msg #69641
Ignore slotmarket
12/7/2008 1:48:43 AM

You're not on the right track if you want to trade any time frame longer than one day in these ultra volatile markets. On yesterday's Fast Money show, Jon Najarian said "These days Iím in trades for one to 8 minutes rather than hours or days."
If that's good enough for a professional trader like him, that's good enough for me. If you don't understand why the markets are having 500 point daily swings recently, I would recommend you stay on the sidelines and save your money.

miketranz
671 posts
msg #69645
Ignore miketranz
12/7/2008 11:07:05 AM

Papa,the man's right,anything more than a few minutes is asking for trouble.Set yourself up with 1-min charting.Use small size to get an education.Find out what works for you.The markets not consistent enough to make any longer trades profitable.You might as well go to the casino.......

papagatorga
124 posts
msg #69647
Ignore papagatorga
12/7/2008 12:16:36 PM

Don't have enough in my account to daytrade, not allowed. Secondly, the lack of sizable cash prevents large enough positions to scalp a few pennies. But thanks for the input, know you are wanting to help. Agree one cannot stay around for long, in fact most of my trades are next day or two day trades. Again just looking for a quick small but regular profit. Don't find alot of opportunities with only three stocks, that's why i hoped someone might be aware of a couple more that I could watch. TRO, believe I picked up SPF from one of your threads, but haven't been above to trade it yet. Has been staying up near the top of my LRC. That's why I was wondering if a shorter channel than a 30 minute chart might work. I will take a hard look at the RUN FOREST RUN. Have to my name is FORREST.

rubacava
2 posts
msg #69649
Ignore rubacava
12/7/2008 1:30:22 PM

Papa,
What software and data feed are you using to trade on a 30 minute chart?
Rubacava

stocktrader
293 posts
msg #69650
Ignore stocktrader
12/7/2008 1:41:57 PM

You have a goal of 5% upward move, but what is your goal for downward move?

marine2
805 posts
msg #69666
Ignore marine2
12/7/2008 6:30:50 PM

Lol his goal for the downward move is Run For the Hills

stocktrader
293 posts
msg #69670
Ignore stocktrader
12/7/2008 10:12:48 PM

Run for the hills Forrest, and don't forget to set your stop.....bubba shrimp.

StockFetcher Forums · General Discussion · I've got a couple of stocks, any additional suggestions<< 1 2 >>Post Follow-up

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