"There are three things that cannot be retrieved: "An arrow shot
from a bow, a word spoken in haste, and a missed opportunity".
The last two are right on point.
to see if it came back down on lighter volume to afford an entry
similar to an example Matt used the other day. Been crushed
since the open down to $12.05 in less than 15 minutes on equally
heavy volume. What was that all about?
Talk about a fickle market. I very much appreciate my
conviction to sit on my hands the opening 15 minutes of each day,
regardless of action
Given all the retirement plans out there, I would venture to
guess there are at least 100 long-term investors for every day
trader out there. Probably more.
managing a daytime job that only allows us to check things out
once/twice a day.
As best I know, with Fidelity I can create a conditional trade,
but not sure I can also set a stop (in advance) before the trade
executes and is confirmed on the buy side. Does anyone know
if that's possible?
but I wasn't. Took my profits on August 17th at the start
of that big red candle. Took it off my radar two days ago
when I had to focus on two critical issues that came up at the law
firm I manage. Little consolation in a "moral victory".
As John Lennon once said: "Life is what happens to you when
you're busy making other plans". I will take something away
from this and be a better trader for it, just not sure what that is
right now.
that because some of us work other jobs for a living, don't have
sophisticated trading software at our disposal, and don't stare at
stock charts on a screen from 9:30am-4:00pm five days a week (nor
do we put in hours upon hours before or after), our expectations
for success should be modified and not be compared to what you and
Matt experience daily. I'm happy doing half as well.
"If you don't put in the time, you shouldn't expect (quite)
the same results".
Thank you both for the many lessens provided. I for one am
most appreciative and try to take advantage, but also have
realistic expectations given the time I have to put into
trading.
it seems like whenever the gold/silver miners open the day
strong, they sell off for 1-1&1/2 hours going into the lunch
break, then gain strength/pick up interest around 1:30pm into the
close. Anyone else see this pattern?
Gapped significantly higher last week, drifting lower
since. Bought at $11.05, sold out at $14.90 last week,
thinking of re-entering on this pullback. Stock just filled
last week's gap (low today of $13.49) and has moved up a few
cents. 8 EMA sits at $13.39. What price would indicate
a positive reversal and suggest a buy with a tight stop at the 8
EMA??
The community is delayed by three days for non registered users.
Thanks, Matt
BGI
Posted by RichieD on 8th of Sep 2016 at 11:57 am
BGI
Posted by RichieD on 7th of Sep 2016 at 08:22 pm
Been waiting for this stock to make another run higher. Would crossing the 9EMA be the right place to buy?
Chart link
Thanks, Stevie. I'm too conservative at times myself and related to your post.
I didn't have the balls to take it
Posted by RichieD on 2nd of Sep 2016 at 09:00 am
There's a saying that goes:
"There are three things that cannot be retrieved: "An arrow shot from a bow, a word spoken in haste, and a missed opportunity". The last two are right on point.
Sorry about that, Matt. My bad - Thought you had posted that.
I didn't have the balls to take it
Posted by RichieD on 2nd of Sep 2016 at 08:55 am
No offense intended to anyone.
I thought you were more of a risk taker, Matt
I didn't have the balls to take it
Posted by RichieD on 2nd of Sep 2016 at 08:49 am
Don't end up like us old codgers who often worry about being wrong and therefore miss out on those golden opportunities.
Steve: Reviewing 400+ charts for the benefit of us all
Posted by RichieD on 2nd of Sep 2016 at 08:04 am
must be exhausting....but is much appreciated by this subscriber.
Where would your buypoint be - crossing $4.03?
SYUT
Posted by RichieD on 1st of Sep 2016 at 10:19 am
CYTK: Quite an ugly candle now. Glad I sat out
Long CYTK Update
Posted by RichieD on 1st of Sep 2016 at 09:52 am
Been following it on the 5 minute...
Long CYTK Update
Posted by RichieD on 1st of Sep 2016 at 09:49 am
to see if it came back down on lighter volume to afford an entry similar to an example Matt used the other day. Been crushed since the open down to $12.05 in less than 15 minutes on equally heavy volume. What was that all about?
Talk about a fickle market. I very much appreciate my conviction to sit on my hands the opening 15 minutes of each day, regardless of action
That cannot possibly be the case
Long OCUL Update
Posted by RichieD on 31st of Aug 2016 at 11:29 am
Given all the retirement plans out there, I would venture to guess there are at least 100 long-term investors for every day trader out there. Probably more.
I agree, but it's challenging for us swing traders to do so, if we're busy...
Long OCUL Update
Posted by RichieD on 31st of Aug 2016 at 11:25 am
managing a daytime job that only allows us to check things out once/twice a day.
As best I know, with Fidelity I can create a conditional trade, but not sure I can also set a stop (in advance) before the trade executes and is confirmed on the buy side. Does anyone know if that's possible?
OCUL right back down to where it started the day yesterday
Long OCUL Update
Posted by RichieD on 31st of Aug 2016 at 10:29 am
Seen this trend with stocks repeatedly in the last month or so. A sign of that traders lack conviction?
Textbook perfect, Matt. Thanks.
SPU day trade educational example
Posted by RichieD on 29th of Aug 2016 at 03:30 pm
Wish I could've been at my computer screen all day today to take advantage of this. Congrats to those who did.
Wish I could say I was clever enough to still be in it, Steve...
AAOI Daily
Posted by RichieD on 25th of Aug 2016 at 06:55 pm
but I wasn't. Took my profits on August 17th at the start of that big red candle. Took it off my radar two days ago when I had to focus on two critical issues that came up at the law firm I manage. Little consolation in a "moral victory".
As John Lennon once said: "Life is what happens to you when you're busy making other plans". I will take something away from this and be a better trader for it, just not sure what that is right now.
Well stated Steve, and speaks to the fact....
Important: Applies to Successful Trading/Investing (or any endeavor)
Posted by RichieD on 22nd of Aug 2016 at 06:47 am
that because some of us work other jobs for a living, don't have sophisticated trading software at our disposal, and don't stare at stock charts on a screen from 9:30am-4:00pm five days a week (nor do we put in hours upon hours before or after), our expectations for success should be modified and not be compared to what you and Matt experience daily. I'm happy doing half as well. "If you don't put in the time, you shouldn't expect (quite) the same results".
Thank you both for the many lessens provided. I for one am most appreciative and try to take advantage, but also have realistic expectations given the time I have to put into trading.
Is BGI setting up for a big move?
Posted by RichieD on 18th of Aug 2016 at 02:32 pm
Chart link
I haven't tracked this officially but.........
Posted by RichieD on 12th of Aug 2016 at 12:15 pm
it seems like whenever the gold/silver miners open the day strong, they sell off for 1-1&1/2 hours going into the lunch break, then gain strength/pick up interest around 1:30pm into the close. Anyone else see this pattern?
Perfect, Steve. Thanks for remembering
AAOI Daily
Posted by RichieD on 12th of Aug 2016 at 12:11 pm
My gut says it will rally higher next week, but I'll let the chart do the talking, and look for a positive move above the top of the doji.
AAOI
Posted by RichieD on 10th of Aug 2016 at 12:36 pm
Gapped significantly higher last week, drifting lower since. Bought at $11.05, sold out at $14.90 last week, thinking of re-entering on this pullback. Stock just filled last week's gap (low today of $13.49) and has moved up a few cents. 8 EMA sits at $13.39. What price would indicate a positive reversal and suggest a buy with a tight stop at the 8 EMA??
No disrespect intended but how can anyone trade this and make money?
ALLM - nice move
Posted by RichieD on 9th of Aug 2016 at 06:45 am
There was 28.5K of volume on a 25 cent stock. This may have been one person taking a $7,000 position.
Yes it's only a swing spec play.