Outliers---where true profit lies

[wayneL]

I dunno I reckon picking up a hundred points on the SPI 4 times in a row with a modest stop loss is a hell of a lot easier than picking XYZ at 20 cents and hoping it runs to 40 cents with only a 2 cents stop in place Same profit target with less risk!

Have a look at oil futures too.

Yesterday's range was near enough to 600 ticks and that is quite common.

Catch one $2 move per week net of costs stop outs etc, day trading with one contract, and that's wages.

Catch a big trend on any of the commod futures, pyramiding in a few contracts can be a career maker.

The move on oil from the highs to where we are now is worth ~$100,000USD per contract.

 

[Cartman]

Have a look at oil futures too.

Yesterday's range was near enough to 600 ticks and that is quite common.

Catch one $2 move per week net of costs stop outs etc, day trading with one contract, and that's wages.

Catch a big trend on any of the commod futures, pyramiding in a few contracts can be a career maker.

The move on oil from the highs to where we are now is worth ~$100,000USD per contract.

Absolutely WAYNE ----- much rather take the highway a few times than the bumpy road to maybesville ----- plus m'sville is never where you think it is on the map!

 

[It's Snake Pliskin]

No its a screen shot of IB (Interactive Brokers) which is my trading platform.
Just mentioning that it seems I can get what I want from a source I already have.
I dont subscribe to their data as I have a live feed already so will see if I cant run both (As the other live data is also e'signal which is also IB's source I think.

Sorry to confuse Posted it incase others are using IB.

Tech have you sussed it out yet? Is it a viable option using IB?

 

[tech/a]

No not yet.
I have live data from esignal on Tradeguider and the same on IB.Will have a look into it in the new year.

 

[It's Snake Pliskin]

No not yet.
I have live data from esignal on Tradeguider and the same on IB.Will have a look into it in the new year.

Ok. What was the purpose of this thread then?

 

[tech/a]

Discussion on outliers.
Plus I have found possibly 2 sources if mine doesnt pan out.

You got nothing from it?

 

[It's Snake Pliskin]

Discussion on outliers.
Plus I have found possibly 2 sources if mine doesnt pan out.

You got nothing from it?

Tech there has not been much discussion from you. It seems you have just wanted to play the giving links to partial information role. I formed a question through opinion and you have failed to address it. Please look back at my first posts and what I said.

You provided an idea that lead me to believe you had something to genuinely share that was groundbreaking. I have still been waiting and now you say next year you will look into it.

Why not just wait until you have real authority to talk about it?

 

[tech/a]

Snake

Told you how I did it and how I would do it if the software was/is available.
Did it for 3 yrs,when I had the time to watch the screen.
Managed to get some great outlier moves.

Worked very well.
Just to re cap then.

You need real time scanning capability.
I looked for
(1) A sharp increase in number of trades.
(2) A sharp increase in volume.
(3) A strong % gain from yesterdays close.
(4) I found small gaps if any were better than large gaps.
(5) I looked for pattern---did the move originate from a basing.

The software had the capability of being refreshed every click of the mouse.
The results were realtime and ranked from largest to smallest and it was/is very easy to see a stock moving up the ranks often by the minute.

Have a Great Xmas and hope this helps.

 

[It's Snake Pliskin]

Snake

Told you how I did it and how I would do it if the software was/is available.
Did it for 3 yrs,when I had the time to watch the screen.
Managed to get some great outlier moves.

Worked very well.
Just to re cap then.

You need real time scanning capability.
I looked for
(1) A sharp increase in number of trades.
(2) A sharp increase in volume.
(3) A strong % gain from yesterdays close.
(4) I found small gaps if any were better than large gaps.
(5) I looked for pattern---did the move originate from a basing.

The software had the capability of being refreshed every click of the mouse.
The results were realtime and ranked from largest to smallest and it was/is very easy to see a stock moving up the ranks often by the minute.

Have a Great Xmas and hope this helps.

Thanks for your response Tech. What did you think of my opinions in the first few posts?
Have a great Christmas too.
Lets have some meatier discussions in the new year.

 

[tech/a]

Thanks for your response Tech. What did you think of my opinions in the first few posts?
Have a great Christmas too.
Lets have some meatier discussions in the new year.

I was and am thinking of those which turn into the larger very rare moves (In a chart). Given bullish conditions they occur often across a sector and recently across resources.
While the above will identify all of these you of course need to have seen the move early enough and actually be on it.

I saw many I was to late and many that I didn't see as I wasn't looking.
However there were enough taken to be significant.