Just thought I would introduce
my self I have been trading equities and futures for about 25+
years, my trading style is I start off all my trades as day trades,
allow them to convince me to keep them overnight by that I mean if
they behave as I think they should on the 5’, 15’, 60’ and daily
charts.
If they build into a swing
position focus more on the 15’ and up charts also check for when
earnings are to be announced (As a general rule I don’t hold over
earnings.. If I am feeling confident about a particular position
I’ll use options. The longer I hold the position I’ll take a peak
at the PEG, PE and forward PE.
More about building positions
generally I do not plunge into positions nibble into them typically
start with 200 shares hopefully the issue moves in my direction to
a chart point or fib extension I’ll take 100 off hold the other for
the pull back/up if it behaves on the pull back/up to a chart point
or Fib retracement I’ll add back double what I sold thus in the
example now I hold 300 shares in a strong market I may add back 3x
or 4x..
Obviously there are no
absolutes in this game but generally that’s how I do my equity
trading.
Posted by rgoodwin on 16th of Jul 2009 at 01:48 pm
Very Nice Mark. Thanks for sharing your experience and style -
something not too many do when they join. LOL! Now we have an idea
how you trade so we can decided if we want to follow any suggestion
you may make one of these days! Welcome.
New guy introduction..
Posted by Marco2u on 16th of Jul 2009 at 12:42 pm
Hi Folks a new guy here,
Just thought I would introduce my self I have been trading equities and futures for about 25+ years, my trading style is I start off all my trades as day trades, allow them to convince me to keep them overnight by that I mean if they behave as I think they should on the 5’, 15’, 60’ and daily charts.
If they build into a swing position focus more on the 15’ and up charts also check for when earnings are to be announced (As a general rule I don’t hold over earnings.. If I am feeling confident about a particular position I’ll use options. The longer I hold the position I’ll take a peak at the PEG, PE and forward PE.
More about building positions generally I do not plunge into positions nibble into them typically start with 200 shares hopefully the issue moves in my direction to a chart point or fib extension I’ll take 100 off hold the other for the pull back/up if it behaves on the pull back/up to a chart point or Fib retracement I’ll add back double what I sold thus in the example now I hold 300 shares in a strong market I may add back 3x or 4x..
Obviously there are no absolutes in this game but generally that’s how I do my equity trading.
Enough for now back to the grind..
Mark
Very Nice Mark. Thanks for
Posted by rgoodwin on 16th of Jul 2009 at 01:48 pm
Very Nice Mark. Thanks for sharing your experience and style - something not too many do when they join. LOL! Now we have an idea how you trade so we can decided if we want to follow any suggestion you may make one of these days! Welcome.
Welcome to room Mark
Posted by racerick on 16th of Jul 2009 at 01:00 pm