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Started By
Message
What are your trading strategies?
Posted on 5/16/16 at 8:56 am
Posted on 5/16/16 at 8:56 am
Technicals/Charting? Buy/Sell Ratings? Yearly/Quarterly Results? News?
My method is greed or the human element. Most people want to jump on a hot stock that has gapped up or appears to be moving higher pre-market based on some event.
However, if you aren't in it pre-bell, you're usually already well behind. For day traders, they jump in within 5-10 min after the bell. At a time around 10:30-11:00 EST, those who were in before the bell start getting out and the stock will drop. Those who got in late are already in the hole.
Most of those in the hole, will continue to hold in hopes of it rebounding to a point above their entry point so they can at least get their initial investment back. Most don't like to lose money.
I have a screener that gives me 20 or so choices every morning. I'll pick 1 or 2 and put in a limit entry point somewhere around 8-10% below the 10:00AM price. If it drops below that point, I'm in at a price much lower than those who chased after the bell. This also gives me a lower out price than those in the hole as well, which is around 5% over my entry point. This could happen the same day, or be several days later.
If it doesn't drop to my entry limit price, I reset for the next day.
For today, Global Star (GSAT) or Lending Club (LC).
My method is greed or the human element. Most people want to jump on a hot stock that has gapped up or appears to be moving higher pre-market based on some event.
However, if you aren't in it pre-bell, you're usually already well behind. For day traders, they jump in within 5-10 min after the bell. At a time around 10:30-11:00 EST, those who were in before the bell start getting out and the stock will drop. Those who got in late are already in the hole.
Most of those in the hole, will continue to hold in hopes of it rebounding to a point above their entry point so they can at least get their initial investment back. Most don't like to lose money.
I have a screener that gives me 20 or so choices every morning. I'll pick 1 or 2 and put in a limit entry point somewhere around 8-10% below the 10:00AM price. If it drops below that point, I'm in at a price much lower than those who chased after the bell. This also gives me a lower out price than those in the hole as well, which is around 5% over my entry point. This could happen the same day, or be several days later.
If it doesn't drop to my entry limit price, I reset for the next day.
For today, Global Star (GSAT) or Lending Club (LC).
This post was edited on 5/16/16 at 8:59 am
15
Posted on 5/16/16 at 9:43 am to Dan Bilzerian
LC already down close to a nice entry price.
An entry limit of $3.70 with an out of $3.89 would be a solid short term play.
ETA: Or maybe less. Dropping to its open price now of $3.65.
An entry limit of $3.70 with an out of $3.89 would be a solid short term play.
ETA: Or maybe less. Dropping to its open price now of $3.65.
This post was edited on 5/16/16 at 9:46 am
Posted on 5/16/16 at 10:11 am to Dan Bilzerian
quote:1 - Buy low, sell high
What are your trading strategies?
2 - Only buy stocks that are going to go up.
3 - Don't lose money.
Posted on 5/16/16 at 10:16 am to LSURussian
If it was that easy, we would all be rich..
Posted on 5/16/16 at 10:22 am to Dan Bilzerian
I'm just getting into trading, so take this for what it's worth.
I like to look for a stock with long term value/upside but is currently "down," i.e. closer to it's 52 week low than its 52 week high. I aim to capture profit sooner than later, but I want a stock that I will feel comfortable holding onto for a longer period if the stock doesn't go up in the short term.
I'm attracted to stocks for businesses that I understand, appreciate, and am interested in. Knowing that I own stock in those types of businesses is much more satisfying and keeps me interested in continuing to do my homework on the business.
I like to look for a stock with long term value/upside but is currently "down," i.e. closer to it's 52 week low than its 52 week high. I aim to capture profit sooner than later, but I want a stock that I will feel comfortable holding onto for a longer period if the stock doesn't go up in the short term.
I'm attracted to stocks for businesses that I understand, appreciate, and am interested in. Knowing that I own stock in those types of businesses is much more satisfying and keeps me interested in continuing to do my homework on the business.
Posted on 5/16/16 at 10:26 am to Dan Bilzerian
Find index funds of sectors that have been killed recently, and put money into them. Current case: IBB (Biotech)
Posted on 5/16/16 at 10:50 am to LSUtoOmaha
i like to sell puts on stuff thats gotten cheap like apple I sold $85 down to $75 puts for january last week, then sell calls if im assigned. I also like to sell calls weekly/monthly on positions i hold long for extra income
Posted on 5/16/16 at 10:50 am to LSUtoOmaha
GSAT is 5% below its open price and could be had for another 5% short term gain.
Posted on 5/16/16 at 11:43 am to Dan Bilzerian
VTSAX.
Other than that I am only in real estate at the moment.
Other than that I am only in real estate at the moment.
Posted on 5/16/16 at 12:42 pm to Dan Bilzerian
I'm bored, so I'll bite. I trade off the technicals. As I see the media come up with lame excuses for movements after-the-fact and see how it fits, by chance, with the technicals, it solidifies my belief that the shite is orchestrated by the big boys such as Goldmans. Anyway back to the technicals, I pay a lot of attention to Fibonacci numbers and their SMA's. Fox example the 5 day SMA is fixing to cross the 13 day SMA for ERX which tells me its a buy. The convergence of the 50day SMA and the 200day moving average for ERX in light of Crude's already having made the "golden cross" tells me its time to load up on ERX. FWIW
Posted on 5/16/16 at 12:48 pm to KeyserSoze999
Thanks. I'm trying to trade off human emotion.
I'll see how it goes.
1/1 so far on BCEI. Waiting on my sell point in IPI to go 2/2.
LC and GSAT were my examples this AM, but I didn't get in. All of my funds are tied up in stocks and clearing. However, both are looking like <1 week +5% plays based on my earlier posts.
I'll see how it goes.
1/1 so far on BCEI. Waiting on my sell point in IPI to go 2/2.
LC and GSAT were my examples this AM, but I didn't get in. All of my funds are tied up in stocks and clearing. However, both are looking like <1 week +5% plays based on my earlier posts.
Posted on 5/16/16 at 2:07 pm to Dan Bilzerian
quote:
Dan Bilzerian
What trading platform are you using?
Posted on 5/16/16 at 4:55 pm to z71 Rebel
quote:
What trading platform are you using?
It varies: Merrill Lynch, Fidelity, Scottrade, Etrade, etc..
Lending Company did bounce back from a sub $3.70 price to hit $4.02 later in the day. A not-too-greedy investor could have been in an out for an 8% profit.
Posted on 5/17/16 at 9:07 am to Dan Bilzerian
Slim pickings to start today.
CETX (Limit to buy at $2.50)
CVO (Limit to buy at $1.06)
CETX (Limit to buy at $2.50)
CVO (Limit to buy at $1.06)
Posted on 5/17/16 at 10:13 am to Dan Bilzerian
CVO dipped to $1.04 and trade initiated at $1.06.
ETA: Exit price set at $1.13 limit.
ETA: Exit price set at $1.13 limit.
This post was edited on 5/17/16 at 10:42 am
Posted on 5/17/16 at 10:34 am to Dan Bilzerian
technicals mostly; usually wait for 3-4 good trade setups a year and hold a few months; trade simulators rest of the year; read lots of message boards; stay away from 'pump and dump' media stuff; have developed my own system for charting over the years
Posted on 5/17/16 at 10:40 am to LSU1NSEC
quote:
usually wait for 3-4 good trade setups a year and hold a few months
What returns do you normally get on these 3-4 trades?
Posted on 5/17/16 at 10:47 am to Dan Bilzerian
last one was uslv - bought low 12's sold mid 17's. I try to setup to trade 'power moves' and then get out even if I miss some profits.
Posted on 5/17/16 at 10:48 am to Dan Bilzerian
I don't trade individual stocks much, if at all. I trade futures of the SPX, Dow, Nasdaq, and R2K, USD index (DX) and EURUSD pair. On the commodity front I'll trade gold, platinum, oil, and very occasionally soybeans, wheat, or corn (these have to be a great setup and I use ratios of the prices combined with technicals and supply/demand on these). I dabble in the softs market but never anything that big position wise.
I use technicals such as RSI, MACD, Stochastics, Volatility measures and others on multiple time frames. I also use some Elliot Wave.
By far the most important part of my strategy is risk management.
I use technicals such as RSI, MACD, Stochastics, Volatility measures and others on multiple time frames. I also use some Elliot Wave.
By far the most important part of my strategy is risk management.
Posted on 5/17/16 at 12:57 pm to LSU0358
Another 6% as CVO has bounced back to $1.17.
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