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re: "Hi, ho Silver!!!! Away!!!"*
Posted on 7/17/13 at 9:36 pm to Zilla
Posted on 7/17/13 at 9:36 pm to Zilla
quote:
if it hadn't moved up .8%, what would your sell strategy have been
Probably hold until tomorrow morning to see how silver futures were pricing.
quote:Hold for an hour or so and if it had shown no improvement, sell it.
If it opened .8% lower tomorrow what would you have done
quote:
is it just you like it at the price for a hold of some period, but if you happen to make 1% in an hour you go ahead and trade it
Yeah, pretty much.
But it's not like I decide to buy something on the spur of the moment. I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable except when there is an event which breaks the pattern at least temporarily. Sometimes those events are profitable and sometimes they kick my butt.
2
Posted on 7/18/13 at 10:42 am to LSURussian
good stuff thanks for sharing...been trying to take a similar approach...
how do you prevent yourself on missing big gains over periods of say 6 months to a year... like if you had bought msft 6 months ago you'd be up 30% ... you would have sold it long before that though right? how do you decide or separate your portfolio like that since I bet you have the same (or same type) of stocks in both your trading % and your hold % right? hope my question makes sense..
how do you prevent yourself on missing big gains over periods of say 6 months to a year... like if you had bought msft 6 months ago you'd be up 30% ... you would have sold it long before that though right? how do you decide or separate your portfolio like that since I bet you have the same (or same type) of stocks in both your trading % and your hold % right? hope my question makes sense..
Posted on 7/18/13 at 12:47 pm to LSURussian
quote:This.
I watch about 50 securities for months or even years and identify trading range patterns. The patterns become pretty predictable
I would like to buy and hold, but trading range has been much more productive, even given tax changes. Our m/o is short-term rather than day-trading. Same principle though. Just a matter of being attuned to the range.
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