klynn55
747 posts
msg #96323
- Ignore klynn55 |
9/17/2010 11:43:12 AM
As a matter of fact there is a famous chat mod , famous to these boards anyway, when he alerts , most calls seem to reverse.
Did i have the nerve to go against his calls, No!
|
klynn55
747 posts
msg #96324
- Ignore klynn55 |
9/17/2010 11:48:03 AM
Maybe that's the way to go, sign up to a chat, go the opposite, see investomonials.com for negative reactions to chat rooms. maybe ill try that! intraday contrarian!
|
Eman93
4,750 posts
msg #96325
- Ignore Eman93 |
9/17/2010 11:49:29 AM
I was alerting to the move I did not try and trade it... i would wait to see what happens ... a good method is wait for it to top and look for the 50% re trace of if it has a small pull back you can go long on a break above the high.. I never jump into a move that's clearly topping... just a note some thing is going on with the stock. what happens is alot of shorts pile in and send it down then exit fast you can catch the ride back up or get in on the short.
|
Eman93
4,750 posts
msg #96327
- Ignore Eman93 |
9/17/2010 11:59:44 AM
watch KERX and see if gets a bouce off the 50 ma on the 5 min chart
|
klynn55
747 posts
msg #96328
- Ignore klynn55 |
9/17/2010 12:04:25 PM
Eman: you wrote you do not short when a stock is clearly topping... how do you judge when a stock tops or bottoms for that matter?
|
Eman93
4,750 posts
msg #96329
- Ignore Eman93 |
9/17/2010 12:09:37 PM
see that 50ema was 4.72 now at 4.91
An alert is hey something is going on ... trade it how you like long or short.
|
klynn55
747 posts
msg #96331
- Ignore klynn55 |
9/17/2010 12:16:53 PM
Eman: do you feel a pay chat should ALERT or RECOMMEND? Did you ever frequent a paid chat ,and did you like it? Did you profit?
|
Eman93
4,750 posts
msg #96332
- Ignore Eman93 |
9/17/2010 12:29:17 PM
I only can trade on Fridays I have a day job.. so I cant day trade.
Muddy and 13th run Underground investors.com
Its like anything else it takes a lot of practice, and you need to know what you are doing.
They teach you their method but it will take time. you will learn a lot faster than trying to do it on your own.
They trade a lot of penny stocks..
I would paper trade for a while live with the chat room... to get the hang of it.. there are not short cuts.
I just try to trade swings off support and resistance like trying a short form yesterday off of RUT 655. or channel trend lines.
kicking my self for not dumping it today... I would have never thought we would roll all this way back up...
|
Eman93
4,750 posts
msg #96333
- Ignore Eman93 |
9/17/2010 12:31:10 PM
I used to go to muddys when it was free i didnt have the skills i do now.. it was win some lose some ... type.
|
Eman93
4,750 posts
msg #96334
- Ignore Eman93 |
9/17/2010 12:34:28 PM
look at KERX .... now you can put in lower trend line see it trying to bounce again.
RSI is heading up if buy right off that trend line you have a real tight stop....
|