| george631 |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Monday, December 29, 2008 |
| Sunday, October 16, 2011 9:45:37 AM |
26
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Wow, the one feature i was really looking for was removed from the product. How do you easily compare a stock to its industry and its index? i.e. compare nasdaq stocks to the qqq, S&P stocks to the S&P500, etc.
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What are the red, greeen and white lines in the chart above? I assume the indicator is the white line crossing above the red and greeen lines. They look like MACD moving averages.
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I want to thank you all for your comments and give a quick update on how I am placing exits today. Right now when trading long I am entering "one cancels the other" orders with a limit sell on one side and a stop loss on the other. I have not found a way to enter an order that would be a stop loss on one side and a limit sell that becomes a trailing stop once the limit price is hit on the other. When trading short I set a target price which is aggressive and move my stop to follow a running trade fairly frequently. If I get a good gain I would book half the gain and follow the other with a stop and allow the stop to take me out. I do this because shorts seem to be running much more than longs right now but would swap if/when that changes.
BTW...I trade with Fidelity and find shortable shares about 60% of the time. This is to bad as I had to pass on a few profitable trades due to this. Any suggestions for a 2nd broker where shortables are more available?
Thanks in advance.
George
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As of right now my sell signals are hitting my target price or hitting my stop. I am reading the indicators thread to add to my skills, but i'm not there yet.
fpetry, it looks like you exit based on stops only. Is that the case or am I over simplifying?
funny, your suggestion is an easy tweak to my current strategy. I will look at incorporating that in my next trade.
Thanks all
George
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Can some of the more experienced folks outline how they manage a position once in. I currently have 2 working exit stratagies. 1.) set a fixed stop and target and whichever is hit first executes while canceling the other. and 2.) Once a price target is hit cancel the fixed stop and trail a stop some percent below the high/low. How are others managing exits?
Also, how many days, hours, minutes do your active trades tend to stay open?
Thanks in advance.
George
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Thank you.
George
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Can some of you compare your brokers availability to short vs. mine. I use Fidelity and checked for short availability for 5 stock today, ROS, NKE, COST, FORR and BRP. Only NKE and COST showed any availability for shorting. This seems odd to me and I wanted to verify with the group whether it is a Fidelity thing or a market thing.
Thanks in advance.
George
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fpetry,
Thank you for the detailed response.
George631
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QUOTE (tobydad) I think gold's behavior over the last several days is telling us something. We would do well to listen; unless you're a longer term trader.
As to GDX, I would have been stopped out at 35.41 on the 24th.
Tobydad,
Can you expand a bit on what indicators you saw in the chart that led you to post this comment? It would be helpful given you were correct in your analysis.
Thanks in advance.
George
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How would you set the trailing stop? High less 2%? Set a fixed price stop and reset daily? Just under a moving avg?
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