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If it was easy everyone would do it..
So are you disciplined enough to sell at a $500.00
loss 2 minutes into the trade?
Then what..is that it for the day? Risk another
$500? Same or different stock?
Capital preservation rules..the rest is small
stuff..
I would not bet it all on the first entry.add to
positions if you guessed right, and BTW it is a guess..anything can
happen..
Most day traders, even in the bull market broke
even, at best..there are always exceptions.
Looks like a rather simple system test..look at
others included in MS and work it out..
I could do it for you but should become self
sufficient..
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
uhehs@xxxxxxxx
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Monday, April 14, 2003 3:58
PM
Subject: RE: [Metastockusers]
EXPLORER
<FONT face=Arial color=navy
size=2><SPAN
>My
idea is to have a sell stop at $500 and use a trailing stop of $500
increments.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>I
guess you can say I am looking for something that’s got the likelihood of
moving AT LEAST ½ point [in my desired
direction].
<FONT face=Arial color=navy
size=2><SPAN
>Whether
it’s 1000 shares or 10000. When a
stock fits the criteria I wrote about earlier, I noticed the tendency to move
about a ½ point.
<FONT face=Arial color=navy
size=2><SPAN
>I’d
love to System Test this, but I’m not that versed
yet.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>I
guess I can also say I want to make $10,000 per day, but I would need quite a
bit more assets.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>With
my $500 per day objective, I’m expecting to use [at most] $20,000 per
day. If one of the stock outputs
from this Explorer should happen to be a $5 stock, then I would have $15,000
in capital for anything else that looks
attractive.
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Arial color=navy
size=2><SPAN
>Any
other thoughts?
<FONT face=Arial color=navy
size=2><SPAN
>
<FONT face=Tahoma color=black
size=2><SPAN
>-----Original
Message-----From:
richandellen [mailto:richandellen@xxxxxxxxxxx]<SPAN
>Sent: Monday, April 14, 2003 3:35
PMTo:
Metastockusers@xxxxxxxxxxxxxxx<SPAN
>Subject: Re: [Metastockusers]
EXPLORER
<FONT face="Times New Roman"
size=3><SPAN
>
<FONT face=Arial color=black
size=2>Forget
why you got into a trade..tell us the most important part..Your money
management ideas..the true Grail.<SPAN
>
<FONT face=Arial color=black
size=2>You
should start with more modest ambitions..<SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>----- Original
Message ----- <SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>
From:<FONT face=Arial
color=black size=2><SPAN
> <A
title=uhehs@xxxxxxxx href="">uhehs@xxxxxxxx
<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>To:<FONT
face=Arial color=black size=2><SPAN
> <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxx
com <SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Sent:<FONT
face=Arial color=black size=2><SPAN
> Monday, April 14,
2003 2:56 PM<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Subject:<FONT
face=Arial color=black size=2><SPAN
> [Metastockusers]
EXPLORER<SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
> <FONT
color=black><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>Hi
all,
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>As a
novice user of Metastock 7.21 you can understand when I say my creative juices
are flowing.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>Here’s
an idea I’m exploring. Pardon the
pun.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>Feel
free to offer and constructive advice you think may make it
better.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>I
would like to filter for possible long stock trades as
follows:
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>1)<SPAN
> The 7 period exponential mov, avg
greater than the 14 period exp, mov,
avg.
<DIV
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>2)<SPAN
class=EmailStyle16><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>Close
above the middle Bollinger line [sorry for sounding so elementary, but that’s
what I refer to this line as] Mine is set at
(C,20,S).
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>3)<SPAN
class=EmailStyle16><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>OBV
greater than it’s 14 period exponential mov,
avg.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>4)<SPAN
class=EmailStyle16><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>+DMI
(14) greater than –DMI (14)
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>5)<SPAN
class=EmailStyle16><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>RSI
> 50
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>6)<SPAN
class=EmailStyle16><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>Macd
> it’s 14 period exponential mov,
avg.
<DIV
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>Then
reversing the “greater than” to “lower than” to find good short
candidates.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>My
goal is to have about 5 stocks to choose from every day for the ultimate goal
of making about $500 per day. I
favor stocks between $5 and $20 than I can by up to 1,00 shares of to get my
$500, hopefully.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>Let me
know what you think.
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle16><SPAN
>
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><FONT
face="Times New Roman" color=black size=3><SPAN
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