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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I have no idea when
Trade Ideas great trades
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.