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Hi,
<BR>I should explain that I do, most, of my trading end of day , buy or
sell happens at the opening price, shorting stocks its not my bread, sometimes
I go this way but only when I'm sure to have the time to follow my Real
Tick connection all day long, then I'll buy/sell covered warrants
call/put for intraday trades. My portfolio can change very fast, the average
trade being 7/13 days, but some trades are going on by more than one year,
few very good, the rest bloody errors, as we say "hope is the last to die".
<BR>1° step: when I've got an entry signal I do open a small trade
with, suppose, 10 shares; this way gives me room to apply a loose stop
loss ( usually around 5 to 10 %, depending on the behavior of the stock
I am working with) to the first step, to try many signals appearing
good and if wrong to keep the losses small.
<BR>2° step: target price its reached, buy other 10, and move the stop
loss to 25/50% of the profit coming from 1° step.
<BR>3° step: target price reached, buy 30, bring the stop loss at 25/35%
of the profit coming from 1° and 2° step.
<BR>At this point I wait for signals of exhaustion / inversion or stop
loss targets, if the chart or the market, oftentimes only my guts, tell
me to reduce then I close the 30 shares position, then close a 10 position
and then close the last position. If closing the 30 position was
wrong, well I'm still on the market with 20 shares but at the first bad
signal I'll close it.
<BR>Well that's all, open a small trade on good signal, double it when
confirmed right, more than double when the trend its established, then
reduce 60% when the trend starts to slow down, reduce another 50% if it
doesn't adjust well or it becomes more shaky, close it if it turns real
bad. For me, sometimes, a slow down or a lateral setting of the trend its
enough to close the trade completely, especially when some other stock
starts to give good signals.
<BR>Would you describe your way of trading? What the differences are?
<BR>Best trading.
<BR>G.G.
<P>Linda Swope wrote:
<BLOCKQUOTE TYPE=CITE> Hi, I can read Metastock list messages,
but for some reason I can't figure out, I can't reply to the group. I
trade stocks in a similar manner that you described. What do you
mean by: the market goes my way giving more weight to my position
( entry steps -
<BR>1/1/3 - exit - 3/1/1 or just close it, if signals are real bad-) ? What
are the 1/1/3 and 3/1/1 steps? Thanks!
<P>Linda
<BR>linda@xxxxxxxxxxxxxx
<BR>Climb the mountains & get their glad tidings: Peace will flow into
you as sunshine into flower; the winds will blow their freshness into you
& storms their energy, & cares will drop off you like autumn leaves.
John Muir 1838 - 1914 </BLOCKQUOTE>
<P>--
<BR>--End--
<P>My wife keeps complaining I never listen to her ...or something
like that. ;-)
<BR>
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</x-html>From ???@??? Thu Apr 15 07:38:46 1999
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Hi,
<BR>I should explain that I do, most, of my trading end of day , buy or
sell happens at the opening price, shorting stocks its not my bread, sometimes
I go this way but only when I'm sure to have the time to follow my Real
Tick connection all day long, then I'll buy/sell covered warrants
call/put for intraday trades. My portfolio can change very fast, the average
trade being 7/13 days, but some trades are going on by more than one year,
few very good, the rest bloody errors, as we say "hope is the last to die".
<BR>1° step: when I've got an entry signal I do open a small trade
with, suppose, 10 shares; this way gives me room to apply a loose stop
loss ( usually around 5 to 10 %, depending on the behavior of the stock
I am working with) to the first step, to try many signals appearing
good and if wrong to keep the losses small.
<BR>2° step: target price its reached, buy other 10, and move the stop
loss to 25/50% of the profit coming from 1° step.
<BR>3° step: target price reached, buy 30, bring the stop loss at 25/35%
of the profit coming from 1° and 2° step.
<BR>At this point I wait for signals of exhaustion / inversion or stop
loss targets, if the chart or the market, oftentimes only my guts, tell
me to reduce then I close the 30 shares position, then close a 10 position
and then close the last position. If closing the 30 position was
wrong, well I'm still on the market with 20 shares but at the first bad
signal I'll close it.
<BR>Well that's all, open a small trade on good signal, double it when
confirmed right, more than double when the trend its established, then
reduce 60% when the trend starts to slow down, reduce another 50% if it
doesn't adjust well or it becomes more shaky, close it if it turns real
bad. For me, sometimes, a slow down or a lateral setting of the trend its
enough to close the trade completely, especially when some other stock
starts to give good signals.
<BR>Would you describe your way of trading? What the differences are?
<BR>Best trading.
<BR>G.G.
<P>Linda Swope wrote:
<BLOCKQUOTE TYPE=CITE> Hi, I can read Metastock list messages,
but for some reason I can't figure out, I can't reply to the group. I
trade stocks in a similar manner that you described. What do you
mean by: the market goes my way giving more weight to my position
( entry steps -
<BR>1/1/3 - exit - 3/1/1 or just close it, if signals are real bad-) ? What
are the 1/1/3 and 3/1/1 steps? Thanks!
<P>Linda
<BR>linda@xxxxxxxxxxxxxx
<BR>Climb the mountains & get their glad tidings: Peace will flow into
you as sunshine into flower; the winds will blow their freshness into you
& storms their energy, & cares will drop off you like autumn leaves.
John Muir 1838 - 1914 </BLOCKQUOTE>
<P>--
<BR>--End--
<P>My wife keeps complaining I never listen to her ...or something
like that. ;-)
<BR>
</BODY>
</HTML>
</x-html>From ???@??? Thu Apr 15 07:38:48 1999
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for karate@xxxxxxxxxxxxxxxxxx; Thu, 15 Apr 1999 12:00:46 +0000
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From: Robert Agar-Hutton <robert@xxxxxxxxxxxxxxxxxxxx>
To: karate@xxxxxxxxxxxxxxxxxx
Subject: Re: Good Books - My choices
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In message <19990415103809.21393.rocketmail@xxxxxxxxxxxxxxxxxxxxx>,
Philip Thomas <heatwave00@xxxxxxxxx> writes
Hi Philip (and All),
>Being a Shotokan Stylist, I am somewhat coloured in my views. I will
>tell you that the most recent book to really pique my interest was a
>non-fiction novel called "Angry White Pyjamas" by Robert Twigger
>(available through Indigo publishers). It is a fascinating urban tale
>of an unfit man putting himself through a gruelling aikido course in
>order to prove that he has what it takes. It won numerous awards, if
>you don't believe me.
A GREAT book, but probably not for a beginner in the Arts.
Best wishes.
--
Robert Agar-Hutton.
+------ WEB SITE WWW.WINGHIGH.DEMON.CO.UK ------+
+------------------------------------------------+
+ SMILE LOTS! +
+------------------------------------------------+
+-----------Robert@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx+
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