|
PureBytes Links
Trading Reference Links
|
You reasoning is correct, however P&L is
calculated when positions are CLOSED. You refer to opening positions. It
all depends on time frames. If I day trade 1000 shares at a time of QQQ and
in 5/8 to 1 point I close. On the other hand your time frame being
different we could both be profitable , both be losses, or one profit and one
loss.It all depends on everyone's trading style and time frame.If I now am and
have been for quite some months bearish , I do not ignore a countertrend short
term move up.
Dom
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
James
Taylor
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Friday, December 01, 2000 12:12
PM
Subject: Re: [RT] Re: Time to buy??(catch
a falling knife)
I think the more prudent thing to do is to wait
for a rally then sell it.
You Buy dips is an uptrend, sell rallies in
downtrend.
Buying on strength (or percieved strength) in a
downtrend is a very risky venture.
As the margin call selling continues, this market
can still go to much lower levels.
Caveat Emptor
I will be one of the guys selling (short) you the
stock you will be buying.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Dom
Perrino
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Friday, December 01, 2000 8:39
AM
Subject: Re: [RT] Re: Time to
buy????????????
I think the question marks on my recent post
may have been misunderstood. What I was proposing was whether we are
close to a decent buy on the MARKET not on individual stocks per se. I
am a strong devotee of technical analysis and I strongly believe that
anything that is known is reflected in the charts of the entity or entities
one is trading. What I have forgotten in technical anaysis is more than most
technicians know.Your reference to read Dom perrino's email etc.is at best
in poor taste.
<FONT face=Arial
size=2>Dom
----- Original Message -----
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Jimmy
To: <A title=realtraders@xxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxx";>realtraders@xxxxxxxxxxx
Sent: Thursday, November 30, 2000
4:27 PM
Subject: RE: [RT] Re: Time to
buy????????????
<FONT face=Arial color=#0000ff
size=2>2270 something on the NDX is 50% retracement from Oct 98. A
chart say a monthly one of the NDX looks like a Elliot wave ABC correction
completing. Lots more tech stuff I'm sure but it is all useless
unless you simply know this looks like a normal correction or call it a
small bear market if you are an intermediate term kind of
trader.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>FACTS It will turn up. Don't know when. Nothing I watch says
up. When it does you start to buy. You better know what turn
up means however. Re read Dom Perrino's email so you know how to
pick stocks when it does turn.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Technicals are great but it ain't up until it is up. If you
don't understand that you will need to do a lot more reading and
thinking.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>I always find it a good idea to put up a very long term chart, like
monthly chart. Look at what has happened for the last two or three
years. Then put up a chart of three years but let is end several
years ago. The scale of the corrections always look bigger in a
current chart. They really looked big to me in the 1960s and 70s and
80s.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Jimmy
<FONT face=Tahoma
size=2>-----Original Message-----From: Dom Perrino
[mailto:domenick@xxxxxxxxxxxx]Sent: Thursday, November 30,
2000 1:48 PMTo: realtraders@xxxxxxxxxxxSubject:
[RT] Re: Time to buy????????????
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
Aside technical indicators,fundamental
indicators,ew,astrology ,gann, fibo.etc., and putting
personal experience in the forefront<FONT face=Arial
size=2>.Let's get some input based soley on experience since I
think that this election fiasco is throwing a monkey wrench in most
indicators.
Is this a buying opportunity that some time from now we will
look upon as a coulda, woulda,shouda ??? In my own past experience
almost every time things looked as dismal as they do now it turned out
to be a buying opportunity.
Let's hear from some heavyweights (and others).As a technician, I
know it is hard to put technicals aside. Let's try ,we will be able to
hear opinions without having to justify it with an indicator.
Dom
To unsubscribe from this
group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxTo
unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxx
eGroups Sponsor
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|