Recent content by bm200906

Amit, I'm interested in one of your earlier comments about ATR - what's the highest ATR you're normally comfortable trading? (....I know it also depends on lot size) - I'm sometimes lulled into trading a high ATR stock because it generally means a quicker result, but if it reverses you can get...

I'm not clear on what you do......do you find some good trending stocks early afternoon and then jump into these for the rest of the day to see what the results would be at the end of the trading day (i.e. 9pm UK time)? This is NOT Mr Charts' approach. And how do you decide how proportionately...

Hi Amit - not really - the ATR was only 0.07 on entry and it pretty much just kept falling (although there was a bit of an oscillation around the 19.50 level which caused me to pull the plug).

This was a beauty on CSIG (on Tuesday) - I went in at 20.42 (on the cross-hairs) & got out at 19.64. - As you can see, I should have held until around 19.00 but I thought is was starting to bounce at 19.50. That's probably just inexperience - still 78c is not bad! I like these patterns -...

I'd like to get some discussion going on the pros and cons of WHEN to place a Stop Loss. I know some people trade without placing hard stops but I think they're a good safeguard (eg if your broadband connection goes down or computer crashes etc). So assuming you do use them - do you place your...

Richard, - interesting what you say about the DOW rarely going up more that 6 days in succession - would appreciate your thoughts on a couple of dumb follow up questions: 1. Does that also tend to be the case in reverse i.e. does it rarely go down for more than 6 days in succession? 2. Does...

Hi Richard - great trading on GRMN!(- it might be worth watching again today for a further pullback or recovery play). I think your first trade after the market opened, was just after 2.30pm (9.30am EST). The market changed direction very quickly and went up with a bang just after the open -...

Thanks Richard - I just need the discipline now to stay out of the trades which don't work quite so well - but that's coming too (slowly but surely) :)

- some great opportunities to use Richard's methods on RIMM & GRMN today - took over a $1 out of RIMM & about 90c from GRMN (more than one trade on each). - took a great 79c from one of the RIMM trades - in at $61.73 (at 14.47) and out at $60.94 (at 14.54) (- I haven't figured out how to post...

R_E, What's your view on which Nasdaq stocks, for example, are best for trading using PPs? It strikes me that some will work much better than others (probably those that are more volatile and which are trending well ?? - but I could be wrong).

I have no doubt that Richard is completely genuine. I have paper traded his methods for some weeks now, with some success. When I trade for real, I have no doubt that my success will be down to me - not the market, not Richard, not the method! i.e. - how focussed am I on the task? - do I...

I'm sure many would endorse the validity of Richard's approach. I have a DVD of RIchard's which is basically a series of live trades - some good, some OK, a few not so good. Whether you (or I) can use the approach successfully is a completely different question - and that comes down to a...

:lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol: - ouch, we're a bit touchy! I agree that controlling your emotions when trading is essential. Having a sense of humour also helps - not just when trading but in life dear girl!