Registered User
Joined: 3/21/2006
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These 36 have made my final cutt and will give you all somthing to chew on if you are interested...
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Registered User
Joined: 3/21/2006
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The first column is sortd by price percent change today, and the second column shows the percent of shars owned by Institutions.
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Registered User
Joined: 9/22/2005
Posts: 849
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apsll
The screen came through solid blact witn nothing on it
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Registered User
Joined: 9/25/2007
Posts: 1,506
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I've got school again tonight Apsll ... but tomorow night I'm going to set up a Chart Template like yours and follow along with you ... (as best I can) ...
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Registered User
Joined: 9/22/2005
Posts: 849
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Sorry. didn't wait long enough.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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If you are monitoring the list above today you will notice that the clear leader is AMCC.
There were some other charts where price exeeded the highs from yesterday but the patterns were not as impresive as AMCC, VVTV, and SPAR and in other casses price exeeded the high from yesterday and you would be geting whip-sawed right now, if you panicked and sold. You have to keep a close eye on them and do not panick - unless you are stoped out per my condition for this above. I chose not to trade any of these today because of the markets having a very bad day. I think that tomorrow SPAR & VVTV will do good along with more candidates that I will add to the list EOD.
I wish that I did trade AMCC but I did not..
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Joined: 2/13/2005
Posts: 368
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Apsll,
Thank you for the list. How did you determine institutional ownership?? Thanks.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Thekubiaks, You can choose this s an option when creating a new sort by column.
Here is my updated list, I have flaged the ones that I like best. The pre-market futures are positive so far so I might participate.
Good luck.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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So far I am in
VVTV
FDO
I am going to be busy with this list today...
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Registered User
Joined: 9/25/2007
Posts: 1,506
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I know you're busy today Apsll ...
But ... things I'm curious about ...
What did you see this morning that caused you pick those positons ?
What time did you enter them ?
Where'd you get your fill ?
Did you place a stop immediately ? If so, where ?
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Realitycheck, you are correct I am way to busy to display all the details of my adventures in day trading today. I am sticking pretty close to the details outlined in Scotts thread concerning the mechanics of this system. Here is the link.
Apsll ?
Back to the grind. Good luck.
Apsll...
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Just did well on DRYS day trading it for the gap bounce... left a little on the table but took the lions share so far.. I think i'm don't for the day .. I'm gonna play with the baby.
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Joined: 3/21/2006
Posts: 4,308
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Scott I am pretty much done for the day too, (the markets have turned). Made a lot of money today. Just like in a Bull market You will have your bad or down market days, so too will you get days like this in a Bear Market.
I will be standing guard with my charts in one hand and my brokerage account in the other, ready to slap this Bear around a little until the Bull is ready for his return.
God bless Amarica...
Apsll.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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In at 10 ... out at 12 ... and making a lot of money ...
That's the business I need to be in ...
Perhaps over the weekend you'll have the time to go over these more in depth ...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Realitycheck, it is difficult do go over ones (alledged) trades in retrospect. One can make things up. Not that you or I would of course. I gave the list before market open and had them all on my live streaming quotes and shared a few as I was trading them live.
Gather a list or use mine, and the next time the Market conditions are right then have a blast. It keeps one to busy to compare notes while in the middle of it all. If you look into some of my threads you will see that I will share my trade before its success. That way those who read cannot contest the validity.
The bad news is that I missed out on RT & TUES
You said that you do not have school tonight so make a watchlist of my 32 final list and study the price action for yourself. Some of them I got and some I missed, but I came out way on top. I have shared the mechanics of the system and today it proved itself to work very well. Notice how yesterday it did not. Most on my list failed (because of bad market conditions).
Anyway I do not think that I can do any more in the way of explaining how this sytem works. I hope you will have some clue by the next time these conditions arise and they will.
Thanks Apsll.
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Joined: 9/25/2007
Posts: 1,506
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Sure ...
I look forward to those that I can actually follow along with ...
To be perfectly honest ... I would have had a real tough time making a ton of money with these today ...
That's why I'm always wanting to learn new tricks ....
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Joined: 3/21/2006
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Realitycheck, It was FDO not FTO. I did not hold all until 12pm sharp I was in an out multiple times on some it was a very busy 2.5 hours. I was hoping not to have to do this but here we go. bellow are the charts I traded and the time frames that I did so I hope that the pink squares are clear. The only one that I lost money on was PHM.
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Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Registered User
Joined: 3/21/2006
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Joined: 2/28/2005
Posts: 825
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How would one create an easyscan using your setup please
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Alindsley, The easy scan is up to you to design - The price range you want to trade and a filter for volume, along with any other conditions that you choose. You then use my Template expained in the following link to narrow down your pics..
http://www.worden.com/training/default.aspx?g=posts&t=28344
Good luck.
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Joined: 10/7/2004
Posts: 426
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Apsll, congrats on making money on longs in this down trending market. That in itself is a very hard thing to do. It takes talent and you must be nimble on you trades. But please do not lead new traders to the slaughter house. If you are not a real good trader with experience and do not understand the behavior of price and take longs in this type of market, then I can almost guarantee your head will be handed to you. If you are a good trader that makes money in up trending markets and do not like taking shorts, then iqnore this post and listen to Apsll. Very few people can do what Apsll does.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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I just wonder why anyone would work hard on going long in a declining market?
Any logic to it?
I haven't spend anytime in looking at the intraday activity of your picks, but when I do I will tell you the chances of having made any money on those.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Bigblock:
I did pretty well today also .. my trades look similar. see the "GSAT what do you guys think " forum. I'm certain I didn't do as well as APSLL. I only had a few trades and a smaller account balance (=smaller trades) But it was a banner day in terms of nice clean well executed trades. To be honest I had several selections for going short today but it seemed "Too Easy" which is a red flag for me Bigblock. And while I believe that we are in a down trend and a trend in motion is likely to stay in motion .. ALLOT of shortable picks are very near resistance and were kicked back for R/R reasons. I may be leaving money on the table.. or even putting it there BUT TO ME I'd rather nibble a few long side bounces RIGHT HERE than START positioning myself short (admittedly I'm late to the show there). I THINK (and that's probably not worth much, just ask my wife) that despite the momentous slide the risk of going short now is greater than the risk of going long.. that too much pressure exists for a rebound on the short term. If this is a bear market then there will be multiple legs down and i'll be just as happy to catch those.
As far as why someone would work so hard to go long in a falling market. There are alwayse long side oportunities but also I think it's a bit of a cerebreal exercise and keeps you sharp and on you toes, not to mention developing a keen sense of price movement. Besides if it weren't for those of us going long who would you sell to? If you are building up your positions it's us that allows you to re-establish 2ndary and so on stakes as you short the rallies. What amazes me is that at the end of the day or week we can both be proffitable because our objectives are different but are intregral to each other...
APSLL (and I) are looking for situations of over sold pressure that as a bear develops become more apparent and take advantage of the release of that pressure. Wether it's buy to cover rallies or bottom feeders or what ever there is an oportunity there. And allot of times the best money is where people don't want to go digging for it. this is contrarian thinking after all .... which most agree is essential to make more than your fair share in the market. YOu were a contrarian months ago when you began promoting the advantages of shorting and projecting a serious decline. I'm shure youdid very well.
In the end if it works it works.
some times "Risk" isn't so much what's easily calculated but other variables of untangiable types. But they are just as real and pose just as big a threat to your capital. I had several shorts smack me silly the other day ... maybee I had stops to tight or was a weak holder but the fact is that they moved up considerably and today there was as period of an attempt to rally... so I take that as a clue that this down leg is nearing it's close. But that's just a bit of intuitive trading on my part.. and I try to get away from "Intuitive" trading becasue it is so loose and intuition can abandon a trader.. Mine's left me out inthe cold before. Still I think .... it's time to start protecting proffits on shorts.
That's my piece. APSLL is a great trader and I've learned allot from him. I think it's great thzt he can do so well trading agains the flow of market pressure.
Scott.
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Registered User
Joined: 9/25/2007
Posts: 1,506
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Scott ...
Tell us about your trade ...
You had obviously been watchg DRYS ...
What did you see to make you take up a position ?
What time did you go long ? At what price ?
Did you set a protective stop ? Where ?
Tell us how you developed your decision to sell ... and when ...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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"I just wonder why anyone would work hard on going long in a declining market?
Any logic to it?
I haven't spend anytime in looking at the intraday activity of your picks, but when I do I will tell you the chances of having made any money on those".
Bigblock, Realitycheck. I am going to end this before it starts. You can look back just a few months through my threads. It started with my scalping technique, and now not to dis-similar my bounce strategy.
Even in a down trending market there are charts that are developing certain pattern behavoir (building momentum for a bounce) I noticed that when these patterns are exposed (through my various Templates and scans) that when the pre-market futures are very positive after a preceeding bad market day then the market opens with a wild buying frenzy and these charts that I have discovered (some or most of them) will act accordingly and give the bounce (short lived for a good day trading experience or sometimes a one to three day event)
Bigblock, you can wonder all you want, it is not hard work for me, rather it is fun. I do not care about your point of veiw or your mis-placed logic, I have proven (most importantly to myself) that it works.
I will not be interested in your findings about the chances that I made money or not after you study the intra-day activity. I have had enough of arguing with your demented mind. Your say so is not the end of the road, nor do I give any weight to your pearls of wisdom.
What is not clear to you that I do not feel comfortable or confident in shorting the market or using options. What is not clear to you that the way I choose to trade the market is my business and that I enjoy what I am doing very, very much.
Why are you and realitycheck asking so many (to many) pointed and in-depth guesstions about this trading style, The only conclusion that I can imagine is that you do not believe in it and you wish to prove me wrong. Well I have given everyone enough information and details that any idiot can follow. You are sucking all the fun out of this for me and I am putting an end to it right now. You either follow my simple directions and participate or let it go. You are both supposedly well versed on how to trade a Bear market so you have no need to bother with this stuff. Bigblock you as much already said so in your other thread.
I will not be interigated everytime I have success that cutts against your grain. That is the end of this discusion and the thread. from now on I will keep my bounce results to myself. I have put enough information out there for those that wish to follow.
Until I design my next strategy then that is all from here.
Apsll...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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One last guession Bigblock, What is the difference between you shorting a stock during a Bull market and My playing a bounce in a Bear market????
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Registered User
Joined: 9/25/2007
Posts: 1,506
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Whoa there big fella ....
I'm ONLY trying to learn here ...
You had 30 canidates ... I asked what you saw in those two to choose them ?
Should any idiot know that ??
I asked when you bought them ?
Should any idiot know that ??
I asked if you placed a protective stop and where ?
Should any idiot know that ??
You can say abstract crap like "I used good money management techniques" ... but that's meaningless ...
The yellow charts with pretty pink lines are nice ... but tell absolutely nothing of the mechanics of the trade ....
Frankly ... I don't know why you're getting so defensive here ...
Does it really take that long to type ...
Bought XXX at $9.16 at 10:05AM because of volume surge ... protective stop at $8.52 ...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Realitycheck, I am sorry. I was really more upset with Bigblock and his pompus comments -
"I just wonder why anyone would work hard on going long in a declining market?
Any logic to it?
I haven't spend anytime in looking at the intraday activity of your picks, but when I do I will tell you the chances of having made any money on those".
As if his deciding wether or not there was any chances of having made money on these trades means anything to anyone but his own shallow mind...
I was in and out of 8 or 9 different stocks over a 2.5 hour period, and yes I do think that it is a little to much to ask of someone for the complete and detailed report of the entire process. I have shared the Mechanics of the system the best I could over several different threads that is all that I am willing to share. As I stated earlier when you disscuss what you did in retrospect then there is always room for doubt. I prefer to give my pics in advance and let you see the end results for your self. I did not want to post those charts above but felt pressured into doing so. As far as my money managment techniques, I have also shared those on many threads.
Again I appologize to you, you did not deserve the fall-out from my outburst. I guess that Bigblock and I keep pushing each others buttons.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Realize BigBlock that your statements are
the equivalent of saying in March 2000:
"tech is the place to be. I'm making money hand
over fist and barely have to even watch my charts"
As many newbies learn after bull markets. Learning
and hard work are better gauges of success than
successful results.
Thanks
diceman
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Registered User
Joined: 9/25/2007
Posts: 1,506
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I guess maybe it's just the way my mind works ...
But I tend to learn better by being there and watching something happen ...
I can read a book about heart surgery ....
But I'd feel a whole lot better about cutting into somebody's ticker after having been there and seen it done a few times ...
Visual references ... at least to me ... tend to lend a finite aspect to that which might otherwise be somewhat abstract ...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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I understand what you mean, but that was not possible since I was trading so fast that I did not have the time to do a play by play, and you have said yourself that you cannot watch the live ticker continually for that length of time. This very fact will probably prevent you from being able to participate in this trading strategy.
I hope that we can be friends again...
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Registered User
Joined: 9/25/2007
Posts: 1,506
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QUOTE (Apsll) I hope that we can be friends again...
I wasn't aware that anything had changed ...
I wasn't offended ... but I guess my naturally curious nature rubbed you the wrong way ...
I'm just of those folks who has to know how & why something works ...
And will often buy something ... and take it apart first thing ...
You're right ... as a day trading strategy ... this is currently useless to me ...
Just wondering if it has any swing trading potential ...
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Registered User
Joined: 3/21/2006
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For any that might still be on board, here is the latest update. If the pre-market futures are positive then have fun (Day trading) if they are negative then one or two from this list might do well.
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Registered User
Joined: 9/25/2007
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Is that first column still "Price Percent Change Today" ?
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