Being from Punjab myself, I really got a kick out of 'Sa-crood'/'Suck-rude' :). They say when you speak Urdu it is as if you are showering someone with flowers. Punjabi on the other hand is like throwing stones at someone (especially depending on which part of Punjab you hail from).
Korvus alluded to the possibility of this process being automated if he has minute by minute raw data. Since the objective of this process is speed, I feel like it has to be automated (at least to some extent).
Personally I would use the ACD method as one datapoint. I would like to confirm the signals with RSI/MACD. More the evidence , better it is.
I agree that monitoring Cara 100 stocks is the way to go. For one, a significant amount of work has already been done to come up with a list of quality stocks. Also, because we follow these stocks regularly we are more aware of the rhythm (or dance as Bill calls it) compared to some other random list that the screen might come up with everyday.
Count me in as a volunteer. I am new to this (~ 6 months trading experience) but the motivation to learn is there. Look forward to this group experiment.
Shark, I think that is a great idea. We should have some discussion regarding standardizing the criteria to follow. I am assuming most of this will be TA based (RSI, ATR, MACD). Look forward to hearing your thoughts on this.
I have been a regular reader of this blog for about 6 months and this is my first post. Thanks to everyone in this community for the discourse. I have learnt a lot from you guys and continue to do so. I am starting to get my feet wet with a few trades here and there. Still dont know about options so trying to be smart about my trades with risk management as the first priority (Thanks Bill for hammering this in your book. I keep telling myself the same thing over and over again).
So, today I bought DIG (@31.64), GDX (@28.50) and SRS (@81.00). As of now, I am +24% SRS, -7.7% DIG and -3.13% GDX.
My personal opinion is that I should still hold SRS and see the movement tomorrow before making a decision since the price movement was backed by solid volume. I expect GDX and DIG to move into the positive territory if the Euro appreciates against the USD further tomorrow.
I would appreciate if you guys could provide feedback on my thoughts. As I mentioned, this is a learning process for me and I want to know how the thought process of experienced traders like yourself works.
Ron,
Thanks for a wonderful post.
Being from Punjab myself, I really got a kick out of 'Sa-crood'/'Suck-rude' :). They say when you speak Urdu it is as if you are showering someone with flowers. Punjabi on the other hand is like throwing stones at someone (especially depending on which part of Punjab you hail from).
Thanks again and have a wonderful Sunday.
Not sure if this has been posted already. If this moves forward, it should be very interesting to follow.
http://tinyurl.com/lgth2d
http://wallstnation.com/GE-Short-stock-puts-011309...
Any thoughts ?
Bought some @27
http://www.iht.com/articles/2009/01/04/business/re...
Hopefully this will start a discussion on possible trading opportunities down the road.
Bill,
Korvus alluded to the possibility of this process being automated if he has minute by minute raw data. Since the objective of this process is speed, I feel like it has to be automated (at least to some extent).
Personally I would use the ACD method as one datapoint. I would like to confirm the signals with RSI/MACD. More the evidence , better it is.
http://slopeofhope.com/2009/01/04/current_bear_ral...
I agree that monitoring Cara 100 stocks is the way to go. For one, a significant amount of work has already been done to come up with a list of quality stocks. Also, because we follow these stocks regularly we are more aware of the rhythm (or dance as Bill calls it) compared to some other random list that the screen might come up with everyday.
Count me in as a volunteer. I am new to this (~ 6 months trading experience) but the motivation to learn is there. Look forward to this group experiment.
Shark, I think that is a great idea. We should have some discussion regarding standardizing the criteria to follow. I am assuming most of this will be TA based (RSI, ATR, MACD). Look forward to hearing your thoughts on this.
See attached graph
http://tinyurl.com/6ljklg
Most of the gold stocks are down 7+% and GRS is up 4.8%. Can anyone explain this anomaly ? The volume is pretty low.
Like Bill said, GS sure knows how to make money.
http://tinyurl.com/5xxa88
I have been a regular reader of this blog for about 6 months and this is my first post. Thanks to everyone in this community for the discourse. I have learnt a lot from you guys and continue to do so. I am starting to get my feet wet with a few trades here and there. Still dont know about options so trying to be smart about my trades with risk management as the first priority (Thanks Bill for hammering this in your book. I keep telling myself the same thing over and over again).
So, today I bought DIG (@31.64), GDX (@28.50) and SRS (@81.00). As of now, I am +24% SRS, -7.7% DIG and -3.13% GDX.
My personal opinion is that I should still hold SRS and see the movement tomorrow before making a decision since the price movement was backed by solid volume. I expect GDX and DIG to move into the positive territory if the Euro appreciates against the USD further tomorrow.
I would appreciate if you guys could provide feedback on my thoughts. As I mentioned, this is a learning process for me and I want to know how the thought process of experienced traders like yourself works.
Thanks from cold and wintry Wisconsin!