I think OUR choice is based on what OUR individual
investment style is (short term Day Trader) or longer term
trader. Many folks CHOOSE to use the Beepner for an early buy
signal as they are shorter term traders. I am a longer term
trader and I will wait for the cross below the 70% (as we have been
instructed to do if we want to follow the system for ALL 3 buy
signals to be positive) I am OK to miss a bit of a trade at
the VERY TOP and catch most of the move one way or the other and
keep it a longer time. I LIKE THESE CHOICES. I also like it
when Matt points out that something is a Daytrade or short trade
idea as I USUALLY just skip over them. I am really
looking forward to the longer term section on the Blog or
watchlist. (or maybe BOTH) FinaM
finam -thanks for the comments, I will try and
continue to add comments to the trade setups like short-term or
swing trade since it helps you and others :)Yes swing traders don't
have to catch the exact tops and bottoms. As you seen, DUG is on
the Watch List with lots of comments and on trading it, I'm happy
that it helps you
This brings up a good point, there
is no one way to trade the setups on the Watch List or the setups
that I post here under the 'setups' filter. Some choose to day
trade them, some swing trade them, some follow the breakpoints and
targets, others do not, it's a list of trade ideas, everyone will
trade differently depending on their style, timeframe, and risk
tolerance. Currently the targets and stops are guidlines only and I
personally don't always trade them in that way, though it seems to
work fairly well (as you can see from the results! I set the
watchlist targets and stops with a short term swing trade approach
- i.e. a few days to several weeks or more.
Most of the successful members at
Breakpointtrades use this website (our analysis and trade setups)
to supplement their own research, they're attitude is this: If I an
get a couple good ideas from BPT each month, the service pays for
itself many times over.
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DIG and DUG
BPENER & DUG
Posted by finam on 24th of May 2008 at 06:59 pm
I think OUR choice is based on what OUR individual investment style is (short term Day Trader) or longer term trader. Many folks CHOOSE to use the Beepner for an early buy signal as they are shorter term traders. I am a longer term trader and I will wait for the cross below the 70% (as we have been instructed to do if we want to follow the system for ALL 3 buy signals to be positive) I am OK to miss a bit of a trade at the VERY TOP and catch most of the move one way or the other and keep it a longer time. I LIKE THESE CHOICES. I also like it when Matt points out that something is a Daytrade or short trade idea as I USUALLY just skip over them. I am really looking forward to the longer term section on the Blog or watchlist. (or maybe BOTH) FinaM
finam -thanks for the comments,
Posted by matt on 24th of May 2008 at 07:08 pm
finam -thanks for the comments, I will try and continue to add comments to the trade setups like short-term or swing trade since it helps you and others :)Yes swing traders don't have to catch the exact tops and bottoms. As you seen, DUG is on the Watch List with lots of comments and on trading it, I'm happy that it helps you
This brings up a good point, there is no one way to trade the setups on the Watch List or the setups that I post here under the 'setups' filter. Some choose to day trade them, some swing trade them, some follow the breakpoints and targets, others do not, it's a list of trade ideas, everyone will trade differently depending on their style, timeframe, and risk tolerance. Currently the targets and stops are guidlines only and I personally don't always trade them in that way, though it seems to work fairly well (as you can see from the results! I set the watchlist targets and stops with a short term swing trade approach - i.e. a few days to several weeks or more.
Most of the successful members at Breakpointtrades use this website (our analysis and trade setups) to supplement their own research, they're attitude is this: If I an get a couple good ideas from BPT each month, the service pays for itself many times over.