nerdydude
Cash Account Trader
Why the long face?
Posts: 5
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Post by nerdydude on Mar 20, 2010 9:45:31 GMT -5
Great board you have here folks! I'm a dabbler in the markets, not a full time player. I've done okay though scalping profits from 3x ETFs.
I'm here to learn, and appreciate the way you all share information and ideas.
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Post by Rich on Mar 20, 2010 9:58:15 GMT -5
Welcome home friend. Nerds welcome.  |
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lookingherethere
Broker/Dealer
"I am in me.." <In response to the possessed rumors>
Posts: 533
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Post by lookingherethere on Mar 21, 2010 17:58:48 GMT -5
ohhhhhhhhh
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Post by maxi on Mar 27, 2010 11:25:04 GMT -5
Hello. Would love to hear your strategy for those scalps! We are all looking for ways to improve!
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Post by benvestor on Mar 28, 2010 3:31:17 GMT -5
Welcome bud.. Have a drink in the saloon and share stories and tips.. This is a great place and we are happy to have u
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nerdydude
Cash Account Trader
Why the long face?
Posts: 5
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Post by nerdydude on Mar 28, 2010 10:02:26 GMT -5
In response to Maxi, it's not much of a strategy really. I look at the longer term and shorter term trends, so I have a sense of the general direction (up or down). I'll put a regression channel on the last 100 or so candles, to see how much it wobbles off the general trend (linear regressions). If it's at or near the bottom of the channel (and doesn't look to be breaking the general trend) I'll go long. I always use stops. Try to space them far enough down to protect against a "catastrophic" loss, but not get picked off prematurely. As the trade goes in my favor, I manually raise and tighten the stop to protect profits. Eventually I usually get stopped out with a profit. And I'm happy with that. I figure if it turns around a starts heading north again, I can always get back in. But having paid my tuition (like everyone else), I'm happy to take whatever cash I can out of a trade. |
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Post by doglover on Mar 29, 2010 6:49:04 GMT -5
Welcome to the best message board.
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