alf44
2,025 posts
msg #45609
- Ignore alf44 |
7/9/2006 10:37:26 PM
"...Trading stocks is like breaking and entering, the more you put in to bag, the longer it takes. The longer you remain inside, the higher the chance you get caught..."
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I DO like this analogy !!!
Well said, RumpledOne !!!
Regards,
alf44
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tmaugham
115 posts
msg #45610
- Ignore tmaugham |
7/9/2006 10:39:24 PM
TRO,
Firstly thanks for the filters and words of advice. But please explain to this thick person how this is supposed to work. In one of your posts you say "Go long on gap downs and go short on gap ups." How exactly does this work? Are there other posts I should be looking at that give the basic information on using this filter?
Thanks...
Tom
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alf44
2,025 posts
msg #45611
- Ignore alf44
modified |
7/9/2006 11:08:36 PM
<edit>
...on second thought...
:8^X
Regards,
alf44
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TheRumpledOne
6,529 posts
msg #45612
- Ignore TheRumpledOne |
7/10/2006 12:36:11 AM
"Firstly thanks for the filters and words of advice. But please explain to this thick person how this is supposed to work. In one of your posts you say "Go long on gap downs and go short on gap ups." How exactly does this work? Are there other posts I should be looking at that give the basic information on using this filter?"
How exactly?
I think I explained it.
If a stock gaps down, you buy it.
If a stocks gaps up, you short it.
I only trade stocks that have filled the gap at least 80 of the last 100 days.
At the open, you see which way they gapped, if they move toward the previous close, I enter the trade. I exit BEFORE they fill the gap. I just take my profits.
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alf44
2,025 posts
msg #45613
- Ignore alf44
modified |
7/10/2006 12:48:33 AM
"How exactly?
I think I explained it."
---------------------------
And NOW you've explained IT...yet again !
Come On...People...GAPS !!!
HELLO !!!
Regards,
alf44
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nikoschopen
2,824 posts
msg #45616
- Ignore nikoschopen |
7/10/2006 3:32:03 AM
Uhmm, some resources on gappers and the subtle ways in how and how not to play them can be found here:
http://www.stockfetcher.com/stockdb/fetcher?p=forum&fid=1002&tid=41276&mid=45615&sb=view&start=50#45615
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dafishman
9 posts
msg #45738
- Ignore dafishman
modified |
7/12/2006 7:15:46 PM
TRO, maybe I am missing something but today, I see alot of losses using this system, or/and some big drawdowns....There were 38 matches going into today? Correct? LEt me know if you sort them some way and somehow choose betetr ones or do you pick anyone?
Thanks!
PS, klac is just one i was looking at, gapped down, meaning go long, it goes up right int he beginning and then downard all day? what do you do here? there were many like this today...
GRMN, and ISRG also, i dont see how you can go long, maybe i am looking at this wrong...any help would be appreciated...
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nikoschopen
2,824 posts
msg #45739
- Ignore nikoschopen |
7/12/2006 7:25:09 PM
dafishman,
The rule of the game is that once the gap is "filled" it usually reverses and continue with its initial trend.
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dafishman
9 posts
msg #45742
- Ignore dafishman |
7/12/2006 9:38:10 PM
hi NIKO, what about like JOYG? I am not criticising, I am just making sure I use this correctly! Do you blndly at the open, just go long or short? Or wait...
Let say stock XYZ, today closed at 50.00, tomorror it opens at 51.00, now we go short, but when? at 50.99? Or exactly at the open, at 50.89? That is where I am confused!
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TheRumpledOne
6,529 posts
msg #45744
- Ignore TheRumpledOne
modified |
7/13/2006 12:12:01 AM
"TRO, maybe I am missing something but today, I see alot of losses using this system, or/and some big drawdowns....There were 38 matches going into today? Correct? LEt me know if you sort them some way and somehow choose betetr ones or do you pick anyone?"
I do believe I said that I trade the ones where the gap has filled 80 TIMES OR MORE!
Are you running the filter on page 1 of this thread?
If so, there were not 38 matches with 80 or more fills, there were only 9!
80 or more means 4 out of 5 times the gap fills.
That's what is called an "edge".
HTH.
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