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How many people on this thread are day-traders and how many people are investors? 
How many stocks do you own?
- Thread starter afton
- Start date
CanOz
Home runs feel good, but base hits pay bills!
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Zero, zilch, nada, nil, 0
Would not dream of trading this mess unless i could work the grave yard shift and focus on US Stocks, holding for short periods and trading off lower time frames.
Even swing traders are seeing W/L rates at less than comfortable levels.
Jason Leavitt (of Leavitt Brothers) is trading through it though, using shorter time frames, and booking profits early to avoid snap trend changes and viscious intraday swings.
Cheers,
CanOz
So_Cynical
The Contrarian Averager
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Holding 11 with 4 of them up over 100% off there 08 lows.
Who says its hard to find winners in this market.
Who says its hard to find winners in this market.
tech/a
No Ordinary Duck
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Let me be cynical.
off 100% from 08 lows.
Thats great if you bought them at the lows or very close to them---which no doubt you did.
But if you'd bought them 6- 12 mths ago you may well be in drawdown.
Oh
and if you dont trade a trend how do you pull a profit?
Do you close your trades if they start making higher highs and higher lows (If long?).
Or do you mean you dont follow the latest in fashions?
off 100% from 08 lows.
Thats great if you bought them at the lows or very close to them---which no doubt you did.
But if you'd bought them 6- 12 mths ago you may well be in drawdown.
Oh
and if you dont trade a trend how do you pull a profit?
Do you close your trades if they start making higher highs and higher lows (If long?).
Or do you mean you dont follow the latest in fashions?
So_Cynical
The Contrarian Averager
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Not hard to get u to bite Tech
:I buy what i believe in..i sell when im happy to..i accept i wont get it right
100% of the time or even close..always happy to average into quality.
Tech the following are all up over 100% from there lows in the last 2 to 5
months...i would think that qualifies as a trend.
- LGL - LIHIR GOLD 99%
- IAU - INTREPID
- AND - ANDEAN RESOURCES
- MDL - MINERAL DEPOSITS
- ALD - ALLIED GOLD
- CTO - CITIGOLD
- HEG - HILL END GOLD
- TAM - TANAMI GOLD
So the question is
How come the trend followers haven't seen this...as the posts in this thread would indicate?
Porper
Ralph Nelson Elliott
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Holding 11 with 4 of them up over 100% off there 08 lows.
Who says its hard to find winners in this market.
Well a lot of pro's are finding it difficult never mind amateurs like ourselves.
I hold nothing at present, nobody is going to miss out over the festive period.
Unless you have time and the inclination to trade small time frames, not too much point trading at the moment.
It is summer and most of us have better things to do than sit in front of a computer day trading over Christmas and New year.
Can't remember who said it but the market will still be there tomorrow.
tech/a
No Ordinary Duck
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I'm sure I'm not alone still trading any trend I can get on but not holding a portfolio.
My trades today were.
CBA $27.84 to $28.37
LEI $25.00 to $26.46
FLX $7.10 to $7.96
Safest and most profitable way I know how to trade these days.
On holidays but was reading a book so---
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Finally got my SMSF sorted out/finalised about 2 weeks ago, and included the first long term trade ... so for long term (which could be anywhere from a few weeks to 12-18 months) I have 1 stock.
The results from my managed super have been dismal ... so much for being managed by 'professionals'.
Anyhow my stock picking ability ranges from 35-50% depending upon what system I am using so no point in mentioning the actual stock ... and also the chart looks pretty crap by the way from a previous bull market standard ... although it is in an uptrend.
The most important thing worth mentioning is that I have a defined stop before I entered the trade.
To keep in line with this thread, I'll reiterate - 1 stock ... but that could change to more or 0 very quickly.
The results from my managed super have been dismal ... so much for being managed by 'professionals'.
Anyhow my stock picking ability ranges from 35-50% depending upon what system I am using so no point in mentioning the actual stock ... and also the chart looks pretty crap by the way from a previous bull market standard ... although it is in an uptrend.
The most important thing worth mentioning is that I have a defined stop before I entered the trade.
To keep in line with this thread, I'll reiterate - 1 stock ... but that could change to more or 0 very quickly.
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16 stocks at the moment plus open options trades over two stocks. I actively manage my portfolio so the proportionate mix varies frequently and the makeup also varies in response to various changes in commodity prices, general economic factors, market conditions and the fundamentals and technicals of individual stocks.
The options trades are based on a long term fundamental view and so arguably a long term strategy, but in general implemented via shorter dated options so there is a fair bit of activity in managing those positions both in rolling positions over as well as adjusting the positions as the underlying stocks move about.
The options trades are based on a long term fundamental view and so arguably a long term strategy, but in general implemented via shorter dated options so there is a fair bit of activity in managing those positions both in rolling positions over as well as adjusting the positions as the underlying stocks move about.
