too many subscribers do not even try to trade our trade ideas,
perhaps scared or sometimes someone will comment that they tried
one of the ideas and lost money then give up
trading is like a baseball batting average, it's the long term
average that matters, not your last at bat if it was a strike
out
the trade ideas our some of the bread and butter here, they have
been outstanding, you are missing out on a resource if you are not
attempting some of these from time to time
and - the excuse, I don't have time: The trade ideas I put out
are not intended as a day trade - I put them out with a swing
potential of 3 days to several weeks - not day trades
Posted by robkitch on 11th of Jul 2023 at 05:26 pm
I want to respond to your comment, Matt. If we had all joined in
your recent technical prognastications, we'd be singing praises for
the wonderful analysis that you and Steve provide. It certainly is
better if we're along for the ride...Of course we can't jump on all
the suggestions, but I have to admit being around here for some
years, that when the going is already proven to be good, it
sometimes passes it's prime, but for 2023, the landscape has
changed, at least so far. The one item I joined in on, NINE was
purchased for 3.83, sold for 4.03 or so. Next 2 days saw a
pullback, then wham. It closed above 4.10, the previous high. I
hesitated, although something told me to jump in, the technical
water is fine....But didn't. Now .75c or 20% higher I'm kicking
myself. Anyhow being honest about my shortcomings in a public
setting can only help me for the next time. Reversing the
psychology of fear at buying at new highs especially watching the
daily bars and "knowing" certain high probablity setups. Anyhow,
I'm along for the ride with y'all. Thanks for your input and
efforts....
Posted by mastermind on 11th of Jul 2023 at 05:06 pm
Absolutely. I take many and some that I don't take I end up
regretting. I do have a hard time pulling the trigger on a stock
with horrible looking fundamentals like TSE, even though I have
seen them be successful. Some become regulars on my watch list, and
others like NOW, which triggered and reversed, I feel comfortable
sitting on it and giving it some time.
For the trade ideas, the most successful way to play them is to
review them in the evening or early morning, decide the ones you
like and then add them to your quote list and set alarms. If you're
confident in the pattern, you could also set by stop limit orders
that will trigger if price tags it. But again as far as being
alerted the best thing is to add them to your watch list and set
alarms.
Another tip on trade ideas - look at the sector and if the
sector looks good look for names within. For example, IYT was
pointed out here about a month ago along with several names and
recently XLE/OIH/XOP and individual names
Posted by mastermind on 11th of Jul 2023 at 05:39 pm
The simple method is to set a stop limit buy order at the
trigger posted. That's not perfect because a) sometimes you end up
buying at the open and get a reversal soon after or b) the stock
might gap above your limit and sometimes not retrace enough to
fill. A way to mitigate the first issue is to buy only a half
position with your stop limit and round it out to a full position
if it holds. The second issue I deal with by waiting until the 3rd
half hour of the day and if it hasn't retraced, I change to a
market order.
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Trade Ideas great trades
Posted by matt on 11th of Jul 2023 at 04:04 pm
FNGR - Chart Link-
NINE - Chart Link-
RIG - Chart Link-
AL - Chart Link-
OXY - Chart Link-
CCJ - Chart Link-
RVLV - Chart Link-
TSE - Chart Link-
too many subscribers do not
Posted by matt on 11th of Jul 2023 at 04:12 pm
too many subscribers do not even try to trade our trade ideas, perhaps scared or sometimes someone will comment that they tried one of the ideas and lost money then give up
trading is like a baseball batting average, it's the long term average that matters, not your last at bat if it was a strike out
the trade ideas our some of the bread and butter here, they have been outstanding, you are missing out on a resource if you are not attempting some of these from time to time
and - the excuse, I don't have time: The trade ideas I put out are not intended as a day trade - I put them out with a swing potential of 3 days to several weeks - not day trades
I want to respond to
Posted by robkitch on 11th of Jul 2023 at 05:26 pm
I want to respond to your comment, Matt. If we had all joined in your recent technical prognastications, we'd be singing praises for the wonderful analysis that you and Steve provide. It certainly is better if we're along for the ride...Of course we can't jump on all the suggestions, but I have to admit being around here for some years, that when the going is already proven to be good, it sometimes passes it's prime, but for 2023, the landscape has changed, at least so far. The one item I joined in on, NINE was purchased for 3.83, sold for 4.03 or so. Next 2 days saw a pullback, then wham. It closed above 4.10, the previous high. I hesitated, although something told me to jump in, the technical water is fine....But didn't. Now .75c or 20% higher I'm kicking myself. Anyhow being honest about my shortcomings in a public setting can only help me for the next time. Reversing the psychology of fear at buying at new highs especially watching the daily bars and "knowing" certain high probablity setups. Anyhow, I'm along for the ride with y'all. Thanks for your input and efforts....
Absolutely. I take many and
Posted by mastermind on 11th of Jul 2023 at 05:06 pm
Absolutely. I take many and some that I don't take I end up regretting. I do have a hard time pulling the trigger on a stock with horrible looking fundamentals like TSE, even though I have seen them be successful. Some become regulars on my watch list, and others like NOW, which triggered and reversed, I feel comfortable sitting on it and giving it some time.
I have no idea when
Posted by icecoldjones on 11th of Jul 2023 at 05:32 pm
I have no idea when one of these "triggers" to make me get in. I've only bought them at the wrong times it seems.
For the trade ideas, the
Posted by matt on 11th of Jul 2023 at 06:44 pm
For the trade ideas, the most successful way to play them is to review them in the evening or early morning, decide the ones you like and then add them to your quote list and set alarms. If you're confident in the pattern, you could also set by stop limit orders that will trigger if price tags it. But again as far as being alerted the best thing is to add them to your watch list and set alarms.
Another tip on trade ideas
Posted by steve on 11th of Jul 2023 at 06:56 pm
Another tip on trade ideas - look at the sector and if the sector looks good look for names within. For example, IYT was pointed out here about a month ago along with several names and recently XLE/OIH/XOP and individual names
The simple method is to
Posted by mastermind on 11th of Jul 2023 at 05:39 pm
The simple method is to set a stop limit buy order at the trigger posted. That's not perfect because a) sometimes you end up buying at the open and get a reversal soon after or b) the stock might gap above your limit and sometimes not retrace enough to fill. A way to mitigate the first issue is to buy only a half position with your stop limit and round it out to a full position if it holds. The second issue I deal with by waiting until the 3rd half hour of the day and if it hasn't retraced, I change to a market order.