StockFetcher Forums · General Discussion · Seeking Mentor (will work for chart advice)<< 1 2 >>Post Follow-up
five40
23 posts
msg #56157
Ignore five40
10/29/2007 5:12:02 PM

Hi all,

I am seeking a seasoned veteran to teach me the ropes in the short term trading game. I have been dabbling for a while and realize that I have MUCH to learn. I have done a lot of reading and feel that I have a solid base of information. My hope is to cut my learning curve by working with someone that has built a successful system over the years.

I wish to be able to read charts by "seeing" the trends and volume without too many additional indicators. I have heard others talk of attaining this level and I have reached similar points in other areas of life. I know that there is no magic theory, I'm not looking to get rich quick and I think that I have the discipline to not get emotionally involved in a trade.

I have 2-3 hours per day to commit. I will work for it. My hope is start a relationship where I can do the grunt work and maybe save you time in exchange for learning what you know.

I enjoy building filters and have done a bit of programming in excel, javascript, VB, asp, etc so it is pretty easy for me.

If this sounds interesting, lets talk.

-Rick D.

TheRumpledOne
6,358 posts
msg #56161
Ignore TheRumpledOne
10/29/2007 6:23:49 PM

http://www.babypips.com/school/



luc1grunt
622 posts
msg #56164
Ignore luc1grunt
10/29/2007 8:08:53 PM

"grunt" work? Hey, let's not get personal.

jrbikes
624 posts
msg #56168
Ignore jrbikes
10/29/2007 9:35:39 PM

Work that grunt! LOL!

five40
23 posts
msg #56178
Ignore five40
10/30/2007 12:11:44 AM

Sorry Luc, no offense! LOL

You just happen to resemble that remark...

alf44
2,025 posts
msg #56186
Ignore alf44
10/30/2007 9:18:01 AM

five40,

Sounds like you may be looking for a "Wall Street Genius" !

You may be in luck...there's one HERE...somewhere. lol


Regards,

alf44


five40
23 posts
msg #56198
Ignore five40
modified
10/30/2007 4:18:45 PM

Actually, I just want to work closely with someone that's been doing this awhile. I think it would be great to send them charts and then get feedback over the phone to discuss what I am seeing. If I'm right, maybe we both make a few bucks.

For instance, I entered NVDA late today @ 34.80 with expectation that uptrend would continue. My take-

-Lots of sellers got out on 10/25 and 10/26
-Bounce of lower bollinger today
-Good support at about $34
-Strong uptrend last 6 months

My stop is a $33.50.

How do you guys read it?


betyerbottomdollar
169 posts
msg #56210
Ignore betyerbottomdollar
modified
10/30/2007 7:18:35 PM

Looks like other people should be taking your chart advice! The news for NVDA is nuthin but good...which follows the most basic and effective strategy. You bought a good stock on a pullback. Keep doing that and you will beat the market for sure, then people will pay for your secret.

When are you planning to profit?

five40
23 posts
msg #56213
Ignore five40
10/30/2007 9:13:05 PM

betyerbottomdollar-

The profit part. I am still trying to figure that out.

My plan right now is to go with a 2 for 1 approach. The is to sell half my position once the stock moves equal to the original stop loss.

So on NVDA i would sell 1/2 my shares at $36.10. If this happens, I shouldn't lose anything unless it gaps way down.

I think I need a trailing stop on the other half. Not sure where that should be though.

This is really conservative. But it allows me to learn without risking too much.

luc1grunt
622 posts
msg #56215
Ignore luc1grunt
modified
10/30/2007 9:51:08 PM

alf44
- Ignore alf44 10/30/2007 9:18:01 AM

five40,

Sounds like you may be looking for a "Wall Street Genius" !

You may be in luck...there's one HERE...somewhere. lol


Regards,

alf44

Man, all the best humor has the element of truth in it! He (WallstreetMeathead) finally stuck to his post about leaving for good!!

StockFetcher Forums · General Discussion · Seeking Mentor (will work for chart advice)<< 1 2 >>Post Follow-up

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