[Metastockusers] ***** Performance of My Picks For January 7,2005. *****, MetaStock Email Archive

How my Picks Performed for Friday January 7, 2005. Swing Trades Not Entered, Due to The 10 & 2 Rule, Refer to Original Picks message for 01/07/05 for definition. Rules & Explanation in the Picks Message. ** Longs : SUN : Profit of $1.50 Per Share or 2% ++. // AHC : A $2.01 Per Share Profit, or 2.5% ++. // SCSC : A $4.40 Per Share Profit ! WoW or Over 7.34% +++++ ! // MIPS : A $ 0.30 Per Share Profit or 1.33% + // INTC: A $0.40 Per Share Profit or 2% ++ // NANX : A $0.40 Per Share Profit, or 5% +++++ // RKY: A $1.00 Per Share Profit, or 1.5% ++ . All Trades Closed Out ! Accuracy 100% An Average Profit of 2.41% +++Per Trade Profit ! Now Our Trades For The Week *** HPQ Still Holding Up: 0.33%. Still Open. // COF : A Profit of $1.00 Per Traded if you Recall When Closed or 1% in the Same Day! // KKD: Short Held For 2 Days, for a Profit of a little over 24% ++++++ WoW! Closed as you Recall. // So for the Week We are 100% Accurate ! & Have an Average Profit on Trades Exited per share of : 4.65% +++ ! Wow. Only Trade Still Open is HPQ. Now Remember my Picks List is like a Watch List & Again you Only Enter Trades that you Confirm are Trending in the Direction of the Pick List. We Wait to at Least 10:00 am EST to Enter in to any trades & only Enter once Confirmed. The 10:00 Am Rule HELPS us Avoid Tape Painting by Market Makers. This Rule is USED By Over 90% of Professional Money Managers. & APPROX 75% of Professional Day Traders. The 2:00 PM EST Exit Rule HELPS us Lock in Profits on DAY TRADES. This is because of the FACT that 2:00 PM tends to be Close to the High of the Day for Longs & Low of the Day for Shorts. The Reason this Works is Because 75% of the Professional Day Traders looking to Exit do so by 3:30 Pm EST. & A Lot of Hedge Funds & Other Professional Money Managers look to Exit Around 3:00 Pm EST. Look at the Charts if you are New to The Club. This Wait at least a Half Hour Rule Before Trading is Typically Taught at Day Trading Seminars & Exit At the Latest by 3:15 PM is also Covered they Usually Charge Thousands of Dollars for these Seminars. Also it is Important to Check Volume & OBV- On Balance Volume or ROC- Rate of Change. As Well as MFI - Money Flow Indicator. These Indicators give you a Clue as to who is winning Buyers or Sellers. Also Follow your Level 2 Screen for Clues as well. To Me the Level 2 Screen is the most Important tool for a Day Trader. Start to follow the MM's =Market Makers, as well. Start to learn their movements, each one has a different Style. Also watch the Screen for Balance of Power in Sellers & Buyers. These Techniques will improve your Trading Results, Accuracy & Bottom Line! ** Take Care & I Hope You All Had a Profitable Week.** Have a Great Weekend! & May 2005 be a Prosperous Year for You ! ~ Bill ~ Link: http://www.groups.yahoo.com/group/AAQuants/join ** Join Now & Be On Your Way To Becoming More Market Savvy Today! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ _____________________________________________________________________________ _____________________________________________________________________________