How To Make Money Trading The Markets.

This is a discussion on How To Make Money Trading The Markets. within the Stocks forums, part of the Markets category; Thanks Amit. I respectfully disagree with your comments about the first half hour. I've just grabbed 31c RIMM using a ...

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Old Nov 20, 2009, 6:04pm   #801
 
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Mr. Charts started this thread Thanks Amit.
I respectfully disagree with your comments about the first half hour.
I've just grabbed 31c RIMM using a method a bit similar to the one you use.
Have a good weekend in beautiful Ontario, Amit
Richard

PS And there are frequently very good trades in the final two and a half hours of the market (1830 to 2100 UK time).
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Old Nov 20, 2009, 6:21pm   #802
 
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I agree, but I was just stipulating that due to the volatility present in the first half hour of the market open, there are relatively more profitable trades available than at other times. I personally do not trade the first half hour and stick to trading only after 10am. I made one exception to a trade I took using your method, and it worked quite well!

Not trading right now, but may put on a trade or two in the last hour of the market.

Good trading,

Amit

P.S. You have email!
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Old Nov 20, 2009, 8:14pm   #803
 
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Mr. Charts started this thread I do trade the first half hour myself as there are good opportunities, but you have to be aware of several things.
I've replied to your email with some suggestions.
Best wishes,
Richard


PS "I made one exception to a trade I took using your method, and it worked quite well!"

Excellent
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Old Nov 30, 2009, 4:57pm   #804
 
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Re: How To Make Money Trading The Markets.

Mr. Charts started this thread Here's one from today using this method.
Earlier I traded a different set up on AIG and got +14c on half the position and +2c on the other half, but kept AIG on the radar in case another one of my set ups occurred.
The one in this thread happened and this was the trade; red cross hairs on the entry and image taken at exit.
I didn't wait for the normal chart exit signal as it was clearly becoming unstable and threatened to go in the wrong direction.
+$1.10 per share

I'll elaborate when time permits.
Richard
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Old Nov 30, 2009, 5:10pm   #805
 
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Re: How To Make Money Trading The Markets.

Mr. Charts started this thread In the new year I'll post explaining how the underlying principles of this method can be used in a different situation to a one directional trend.
Richard
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Old Nov 30, 2009, 8:50pm   #806
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Re: How To Make Money Trading The Markets.

Richard, I have found this thread very helpful in exploring shorter term trading, so thank you. I've set up an IB account, watched for a while and now made a few small trades. Being unfamiliar with US markets, IB and eSignal makes transactions slow for me to execute and prices can move past my limits. May I ask how you do this, whether you use entry/exit limits, accept market prices...
Thanks, David.
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Old Dec 1, 2009, 10:17am   #807
 
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Re: How To Make Money Trading The Markets.

Mr. Charts started this thread Hi David T,
Executions using the combination of IB and eSignal are instantaneous 95%+ of the time and those that aren't only have a delay of a second or two.
As this is a little "off thread" you are welcome to email me (click on my name top left of this post and click on "send email") describing your problem and I'll try and help.
Richard
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Old Dec 1, 2009, 10:00pm   #808
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Re: How To Make Money Trading The Markets.

Good reading.
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