|
PureBytes Links
Trading Reference Links
|
Mr. Eh
You haven't factored on one thing. Gaps. What do
you do when the stock you just took a position in gaped down 25% . There
goes your $500 theory. I would suggest you stick to ETFs if you are serious
about 500 losses and remember that your gains will be limited as well. Better
off not to enter a position to start with until all the stars line up
.
Regards Martin
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
uhehs@xxxxxxxx
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: April 14, 2003 8:21 PM
Subject: RE: [Metastockusers]
EXPLORER
<FONT face=Arial color=#993366
size=2><SPAN
>I’m
not saying it is as easy as making and explorer, testing it, and making $500 a
day.
<FONT face=Arial color=#993366
size=2><SPAN
>My
whole point here is to get the ball rolling [from scratch, for all the other
novice Metastcok users] on something that we can all have input on as is
develops.
<FONT face=Arial color=#993366
size=2><SPAN
>Starting
with the explorer. And by all
means my filter is not the end all, I WANT people to offer their own
ideas.
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>I am
disciplined; I take my $500 loss,
no questions asked.
<FONT face=Arial color=#993366
size=2><SPAN
>Yeah,
my biggest decision comes when I have 5 stocks and then I have to decided
which one to commit to for that day.
But that may be a WHOLE other System or
Explorer.
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>When I
lose for the day. I don’t do
anything until the next day. My
ideal system is for only one trade per day.<SPAN
> And if the trade goes in my direction
the next day, I would continue to hold for another $500 increment.<SPAN
> Better yet, I should say a ½ point
incremnent, because I would buy 2,000 shares if I had the
money.
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Arial color=#993366
size=2><SPAN
>But my
thinking is, if I can come up with a extremely reliable exploration that has
been tested, I can just buy any of the ones [stocks] that comes up on the
list.
<FONT face=Arial color=#993366
size=2><SPAN
>
<FONT face=Tahoma color=black
size=2><SPAN
>-----Original
Message-----From:
richandellen [mailto:richandellen@xxxxxxxxxxx]<SPAN
>Sent: Monday, April 14, 2003 4:15
PMTo:
Metastockusers@xxxxxxxxxxxxxxx<SPAN
>Subject: Re: [Metastockusers]
EXPLORER<SPAN
>
<FONT face="Times New Roman"
color=#993366 size=3> <FONT
color=#993366><SPAN
>
<FONT face=Arial color=black
size=2>If it
was easy everyone would do it..<SPAN
>
<FONT face=Arial color=black
size=2>So are
you disciplined enough to sell at a $500.00 loss 2 minutes into the
trade?<SPAN
>
<FONT face=Arial color=black
size=2>Then
what..is that it for the day? Risk another $500? Same or different
stock?<SPAN
>
<FONT face=Arial color=black
size=2>Capital
preservation rules..the rest is small stuff..<FONT
color=#993366><SPAN
>
<FONT face=Arial color=black
size=2>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..<FONT
color=#993366><SPAN
>
<FONT face=Arial color=black
size=2>Most
day traders, even in the bull market broke even, at best..there are always
exceptions.<SPAN
>
<FONT face="Times New Roman"
color=black size=3><SPAN
> <FONT
color=#993366><SPAN
>
<FONT face=Arial color=black
size=2>Looks
like a rather simple system test..look at others included in MS and work it
out..<SPAN
>
<FONT face=Arial color=black
size=2>I could
do it for you but should become self sufficient..<FONT
color=#993366><SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>----- Original
Message ----- <SPAN
>
<DIV
>
<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=#993366 size=2><SPAN
> <FONT
face=Arial color=#993366 size=2><SPAN
>
<DIV
>
<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@xxxxxxxxxxxxxxx
<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 3:58 PM<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Subject:<FONT
face=Arial color=black size=2><SPAN
> RE:
[Metastockusers] EXPLORER<FONT face=Arial color=#993366
size=2><SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=#993366 size=3><SPAN
> <FONT
color=#993366><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>My
idea is to have a sell stop at $500 and use a trailing stop of $500
increments.
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle21><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].
<P class=MsoNormal
><SPAN
class=EmailStyle21><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.
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>I’d
love to System Test this, but I’m not that versed
yet.
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>I
guess I can also say I want to make $10,000 per day, but I would need quite a
bit more assets.
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle21><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.
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>Any
other thoughts?
<P class=MsoNormal
><SPAN
class=EmailStyle21><SPAN
>
<DIV
>
<P class=MsoNormal
><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<SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
> <FONT
color=#993366><SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>Forget why you got
into a trade..tell us the most important part..Your money management
ideas..the true Grail.<SPAN
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>You should start
with more modest ambitions..<SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Arial color=black size=2><SPAN
>----- Original
Message ----- <SPAN
>
<DIV
>
<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="Times New Roman" color=#993366 size=3><SPAN
> <FONT
color=#993366><SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face=Arial color=#993366 size=2><SPAN
> <FONT
face=Arial color=#993366 size=2><SPAN
>
<DIV
>
<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=#993366><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>Hi
all,
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><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=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>Here’s
an idea I’m exploring. Pardon the
pun.
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>Feel
free to offer and constructive advice you think may make it
better.
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>I
would like to filter for possible long stock trades as
follows:
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>1)<SPAN
> The 7 period exponential mov, avg greater
than the 14 period exp, mov, avg.
<DIV
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>2)<SPAN
class=EmailStyle20><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=EmailStyle20><SPAN
>3)<SPAN
class=EmailStyle20><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>OBV
greater than it’s 14 period exponential mov,
avg.
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>4)<SPAN
class=EmailStyle20><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>+DMI
(14) greater than –DMI (14)
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>5)<SPAN
class=EmailStyle20><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>RSI
> 50
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>6)<SPAN
class=EmailStyle20><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>Macd
> it’s 14 period exponential mov,
avg.
<DIV
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>Then
reversing the “greater than” to “lower than” to find good short
candidates.
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><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=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>Let me
know what you think.
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><SPAN
class=EmailStyle20><SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
><FONT
face="Courier New" color=black size=2><SPAN
>To
unsubscribe from this group, send an email to:<FONT
face="Courier New" color=black size=2><SPAN
>Metastockusers-unsubscribe@xxxxxxxxxxx<FONT
color=black><FONT
face="Courier New" color=black size=2><SPAN
>Your use of
Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service.
<SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
><BR
><BR
><FONT
color=#993366><SPAN
>
<DIV
>
<P class=MsoNormal
><FONT
face="Courier New" color=black size=2><SPAN
>To
unsubscribe from this group, send an email to:<FONT
face="Courier New" color=black size=2><SPAN
>Metastockusers-unsubscribe@xxxxxxxxxxx<FONT
color=black><FONT
face="Courier New" color=black size=2><SPAN
>Your use of
Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service.
<SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=#993366 size=3><SPAN
> <FONT
color=#993366><SPAN
>
<P class=MsoNormal
><FONT
face="Times New Roman" color=black size=3><SPAN
><FONT
face="Courier New" color=black size=2><SPAN
>To
unsubscribe from this group, send an email to:<FONT
face="Courier New" color=black size=2><SPAN
>Metastockusers-unsubscribe@xxxxxxxxxxx<FONT
color=black><FONT
face="Courier New" color=black size=2><SPAN
>Your use of
Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service.
<SPAN
>
<FONT face="Times New Roman"
color=black size=3><BR
><BR
><FONT
color=#993366><SPAN
><FONT
face="Courier New" color=black size=2><SPAN
>To
unsubscribe from this group, send an email to:<FONT
face="Courier New" color=black size=2><SPAN
>Metastockusers-unsubscribe@xxxxxxxxxxx<FONT
color=black><FONT
face="Courier New" color=black size=2><SPAN
>Your use of
Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of
Service.
<SPAN
>
To
unsubscribe from this group, send an email
to:Metastockusers-unsubscribe@xxxxxxxxxxxYour use
of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|