Posted by kutschera on 14th of Dec 2009 at 10:51 am
Hi Guys new to Breakpoint, have been a member for over 1 month
now, I need some help to understand how to start a trade from the
watchlist. ie: I want to trade UNG today it has hit the breakpoint,
but I do not see it on the trigger list. If it hits it breakpoint
should it not hit the Trigger list? Also it has no comments, so why
do some hit the trigger list and some don't? I'am missing some
thing here... Help
Posted by keithbob on 14th of Dec 2009 at 10:55 am
The lists are updated manually by Matt every few days. Go by the
price not by the list. If the price is triggered, its
triggered.
Also Matt has spent a lot of time creating an orientation for
the Watch List and FAQ's etc. Would be good to read that
stuff too. (see top of WL page New Members!!) Welcome to BP
its a good site.
I'm likely too late in posting this to you, however .......
be very careful - certainly use stops - in trading UNG.
It has been on the watchlist here over the past year and it can
kill you if you're not a trader. My wife may be in for the next
several years just to recoup her losses.......
Anyway, there is never a need to be in a hurry to lose
money........
The move in UNG this AM was likely precipitated by XOMs
announced purchase of XTO. XTO and several other nat gas stocks
jumped huge right out of the gates ..... far more than UNG.
I'd encourage you to watch XOM as the reaction to its big
purchase (they have the money in cash if they wanted to pay in
cash, but instead they're paying is stock and thus dilluting their
shares, I'd guess) is likely overdone.......
Finally, pay attention to matt's ideas regarding trading energy
stocks in general,...... as indeed, you have arrived at a great
website to learn a lot.
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WATCHLIST
Posted by kutschera on 14th of Dec 2009 at 10:51 am
Hi Guys new to Breakpoint, have been a member for over 1 month now, I need some help to understand how to start a trade from the watchlist. ie: I want to trade UNG today it has hit the breakpoint, but I do not see it on the trigger list. If it hits it breakpoint should it not hit the Trigger list? Also it has no comments, so why do some hit the trigger list and some don't? I'am missing some thing here... Help
The lists are updated manually
Posted by keithbob on 14th of Dec 2009 at 10:55 am
The lists are updated manually by Matt every few days. Go by the price not by the list. If the price is triggered, its triggered.
Also Matt has spent a lot of time creating an orientation for the Watch List and FAQ's etc. Would be good to read that stuff too. (see top of WL page New Members!!) Welcome to BP its a good site.
WATCHLIST
Posted by kutschera on 14th of Dec 2009 at 11:13 am
Thanks, I had gone through the info, your reply has helped me get it....
losing your ars.......
Posted by bbaz1 on 14th of Dec 2009 at 03:44 pm
Mr/Ms Kutschera,
I'm likely too late in posting this to you, however .......
be very careful - certainly use stops - in trading UNG.
It has been on the watchlist here over the past year and it can kill you if you're not a trader. My wife may be in for the next several years just to recoup her losses.......
Anyway, there is never a need to be in a hurry to lose money........
The move in UNG this AM was likely precipitated by XOMs announced purchase of XTO. XTO and several other nat gas stocks jumped huge right out of the gates ..... far more than UNG.
I'd encourage you to watch XOM as the reaction to its big purchase (they have the money in cash if they wanted to pay in cash, but instead they're paying is stock and thus dilluting their shares, I'd guess) is likely overdone.......
Finally, pay attention to matt's ideas regarding trading energy stocks in general,...... as indeed, you have arrived at a great website to learn a lot.