Recent content by rich64

Dave, A very honest and good review of another chapter in the learning curve!!....I can empathise with most of what you've said. On the issue of tight stops, you could tackle the problem on faster moving stocks by either trading smaller position size (thus allowing a wider stop) or scaling in...

Brave man! Every day you look at GOOG and it screams overvalued/priced, dot.com boom&bust,must be a short etc etc.....BUT!..Google has created an almost entirely new business model which is still finding it's level.....you could well be right but I'll keeping well clear!!

Agreed about most indicators, but surely TA at a basic level is valid due to the large number of traders looking for the same thing and the law of "self-fulfilling prophecies" Support and Resistance tends to be important as, for the most part, human nature is similar. If a stock is...

Flubber; The way to look at it is that the left hand side (bid) consists of those buying (from sellers) at 100, the right hand side (ask) are those selling (to buyers) at 100.25. There are two ways you can trade, firstly, if you're on the outside of the market you simply have to buy at the...

Seguna, My sincere apologies!......I should have taken the time to look back through a few more threads than I did and realise you are not one of the constant sceptics!!...I try to teach my kids to "engage brain before speaking" but forgot to do the same myself!!...again, my apologies for...

Seguna, I thought NAZ answered the question perfectly clearly. Why do I get the impression that some seem to question everything that NAZ and MR CHARTS post? If you look back over various posts I remember reading from one of them that using a scalpers entry for timing but looking for the...

You're quite right, it isn't that easy!! I'm not accurate here with all the technical details but in essence, if you're short of the stock you will have to pay the rough equivalent of the dividend in the same way that if you were long, you would get the divi but expect the stock to drop by...

Salty, of-course you're right about that. Apologies if my post sounded a little arrogant, I meant more in the general sense that smaller position size can be a great method of testing new strategies as well as new markets/stocks.

Surely the better option for less experienced traders is to trade the faster moving Nasdaq stocks with a much reduced postion size. There is no substitute for the real thing and trading a stock ike GOOG at it's fastest with a position of say 100 (or even less if using CFD'S perhaps) gives a...

...Yes, that's basically it. I am looking at the calculations all the time to see if they should be adjusted to allow for ATR, Time and other issues and as I learn more about trading I may well change a few things. I do, however, believe strongly in the "keep it simple stupid" principle and in...

Bramble... Obviously it's a highly complex mathermatical formula which I can't divulge!!!!! ;) Seriously 'though; ERTS I might trade 500 with stop @ -10c = $50.00 max loss GOOG would be 150 with stop @ -35c =$52.50 max loss I just feel GOOG needs more room to "breathe" and don't have the...

lloydsc Sounds like you're on the right track as you're thinking hard about stock selection. This is very important imho. Remember position size, there was a thread a while ago suggesting GOOG was hard/dangerous to trade....but if you reduce position size it can in fact be a beauty. I have...

Dan, That sounds reasonable. I don't claim to be an expert in any shape or form, far from it in fact so I'm a little sheepish about being too specific! I would suggest spending lots of time (if you can!) simply watching price action at different times of day; eg; on the open, lunchtime...

Hi Dan, I did pretty much what you're proposing, ie; studied for 1-2 years and then took the plunge a few months ago into full time day trading. I had previously bought and sold stocks on a position trading basis but I realise now that the skills required (emotional more than technical) are...

Dan, A couple of thoughts; Remember that depending what/who you are trading with, you should be able to place multiple stops using If Done/OCO orders etc. You can then set up your trades to include your desired % max loss and also have a guaranteed "disaster" stop in place..the chances of this...