Trader Forum '06 > Trading Questions
Straightup:...
...DJIM posted stocks will normally be low float--great earnings stories...rapid movers both up and down. The 9 ema gives enough latitude to allow profit to accumulate while above and serves as a selling guide when price meanders under ( or even far above) with volume.......NOW...use your charting program to backtest this info comparing P if you sold on 9 dips...versus P if selling on 20ma or 50ma dips....
use a few of the stocks we have posted here....Remember this always.......if you arent selling you arent making money!
...DJIM posted stocks will normally be low float--great earnings stories...rapid movers both up and down. The 9 ema gives enough latitude to allow profit to accumulate while above and serves as a selling guide when price meanders under ( or even far above) with volume.......NOW...use your charting program to backtest this info comparing P if you sold on 9 dips...versus P if selling on 20ma or 50ma dips....
use a few of the stocks we have posted here....Remember this always.......if you arent selling you arent making money!
Sep 16, 2006 at 10:21PM |
blacktruck
blacktruck
Use BTJ from DJIM as a 9ema example...the buy/the sell
Day 1- Initiated at 15.50,
Day 4- stock hits 19+ ,
Day 6- pullback and bounces off 9 ema $16-17(2nd buy point)
Day 10- took out day4 highs 20+
Day 13- breaks 9 ema, 2nd straight day around 17
Day 21- still struggling below 9ema..now 14-15
If you go back to 'Aug 28th update', Jon talks of waiting on the 9ema for our 2nd move into BTJ. This is not automatic with every stock and we don't live by it, but look for it as a entry point.
Use a MIKR chart as an example of 9 ema at work. In the 10 days after EPS release. The walk up, the pullback to 9ema and then a ride to new highs...always using the 9ema as support moving to 17 and then the break of the ema.
The downward break of that support is something that usually comes into play deeper into a move. A stop of sorts. How much headspace you give the stock under the 9ema before selling depends on the spread, float of the stock. A volume break is a definite excuse to exit.
Day 1- Initiated at 15.50,
Day 4- stock hits 19+ ,
Day 6- pullback and bounces off 9 ema $16-17(2nd buy point)
Day 10- took out day4 highs 20+
Day 13- breaks 9 ema, 2nd straight day around 17
Day 21- still struggling below 9ema..now 14-15
If you go back to 'Aug 28th update', Jon talks of waiting on the 9ema for our 2nd move into BTJ. This is not automatic with every stock and we don't live by it, but look for it as a entry point.
Use a MIKR chart as an example of 9 ema at work. In the 10 days after EPS release. The walk up, the pullback to 9ema and then a ride to new highs...always using the 9ema as support moving to 17 and then the break of the ema.
The downward break of that support is something that usually comes into play deeper into a move. A stop of sorts. How much headspace you give the stock under the 9ema before selling depends on the spread, float of the stock. A volume break is a definite excuse to exit.
Sep 17, 2006 at 04:29PM |
[Demi]
[Demi]
I have to admit reading the posts here have been impressed compared to moves the stocks make you folks discuss. I have yet to profit or trade anything as I am a little perplexed about entries and exits which are rarely mentioned. Correct me if I am wrong. I almost bought STP today based on a post and watched it decline beyond mty threshold. Is there a way to add time of posts and entry exit stop etc. If I am way out of line forgive me and I wont post but instead just read. Thanks. ever so cautious down nearly 30k on the year and never been like this in 1- years of investing. Greg
______________________________________
This was your 1st day here and you almost bot a stock 'based on a post', a strangers post you might say.!!. Time..the time was premkt, it was in the premkt thread was it not?. Sorry to say but 30k will become 40k if this is how you do things.
______________________________________
This was your 1st day here and you almost bot a stock 'based on a post', a strangers post you might say.!!. Time..the time was premkt, it was in the premkt thread was it not?. Sorry to say but 30k will become 40k if this is how you do things.
Nov 20, 2006 at 09:23PM |
GregF
GregF
Greg, DJIM isn't about entries and exits -- it's about finding spectacular stocks and then exploring each support and resistance. Sometimes BT lists on a particular chart when DJIM enters -- it's really up to us to learn how to see each chart so each of us becomes comfortable with our own exits and entrances.
Find one stock here you like and the chart you like and find its support and buy it. Then sell it for a profit. Seems easy. It's not I know. But that's the game, isn't it?
Find one stock here you like and the chart you like and find its support and buy it. Then sell it for a profit. Seems easy. It's not I know. But that's the game, isn't it?
Nov 21, 2006 at 10:51AM |
treading2
treading2
Excellent points Treading2, Greg, on a side note Blacktruck offers an excellent TA chart class that may help you in the long run find the best entries and exits for your stocks. Hang in there, knowledge + action= profits.
Nov 21, 2006 at 12:42PM |
4mars
4mars
Demi - I know you guys are the experts on trading HSR. Just wondering out loud here - it caught my eye again on Nov 9 when it spiked from 6 to 7 +/- and now has moved quietly up to 8.50 on it's usual low vol. I know this is a unique creature but things still look the same to me -- 91/95 IBD EPS and RS and a float of 1.8M. It has the look to me that it has had on breakouts in the past. One or two days with vol and it looks like it could bolt. Any thoughts, or is this something not worth dealing with at this time. Thanks - robt
___________________________________
Too many good things out there, just not 'sexy' to us now. Doesn't mean it won't bounce 20% one day again... but there is no space for this on our primary screeners to wait for that day...or any bottom play
___________________________________
Too many good things out there, just not 'sexy' to us now. Doesn't mean it won't bounce 20% one day again... but there is no space for this on our primary screeners to wait for that day...or any bottom play
Nov 21, 2006 at 05:42PM |
robt
robt
I bought EFUT at 47. Any advice whether or not i should sell or hodl?
________________________________________________
This possibly ignores every word..ever said on DJIM Journal (DJIM)
________________________________________________
This possibly ignores every word..ever said on DJIM Journal (DJIM)
Nov 27, 2006 at 04:02PM |
Mohammad
Mohammad
you must have bought my shares LOL!
Nov 27, 2006 at 04:08PM |
James
James
>>>>"This possibly ignores every word..ever said on DJIM Journal (DJIM)"<<<<<
Actually, I bought the same day when DJIM said that they will play EFUT and some other stock in thursday morning.
<<<<<<<<<<<<<
I doubt that you are looking at the same DJIM as this website.
here's our previous and first couple of takes on EFUT
"EFUT, is one we are trading as the Yahoo's are all over it. Definitely not for those that plan to have many bathroom breaks during the day."
Posted on 11/11 re: action on 11/10, stock closed at $19.89 on 11/11
and again
"EFUT, we were fortunate enough to start trading this one at the beginning of Friday, about 13 points ago! . You've made a pretty penny even if you bought the close with us Friday when we were adding. Simply put, we haven't seen a mover like this for quite some time now. This in some way rivals the TZOO of the past. Breathtaking, stunning and spectacular finish. Can this gap up tomorrow and pull another good move? It's possible and we think it's more than probable that it will. The only drawback about this one is that you have to be there on every tick, literally."
Posted on 11/13, stock closed at $29.49
you can go to our journal and alert archive and look up these posts which were all time stamped. Playing EFUT at this level ($40+) is no different than playing the local horse race, which means the play doesn't last more than a few minutes. Good Luck!
Jon
Actually, I bought the same day when DJIM said that they will play EFUT and some other stock in thursday morning.
<<<<<<<<<<<<<
I doubt that you are looking at the same DJIM as this website.
here's our previous and first couple of takes on EFUT
"EFUT, is one we are trading as the Yahoo's are all over it. Definitely not for those that plan to have many bathroom breaks during the day."
Posted on 11/11 re: action on 11/10, stock closed at $19.89 on 11/11
and again
"EFUT, we were fortunate enough to start trading this one at the beginning of Friday, about 13 points ago! . You've made a pretty penny even if you bought the close with us Friday when we were adding. Simply put, we haven't seen a mover like this for quite some time now. This in some way rivals the TZOO of the past. Breathtaking, stunning and spectacular finish. Can this gap up tomorrow and pull another good move? It's possible and we think it's more than probable that it will. The only drawback about this one is that you have to be there on every tick, literally."
Posted on 11/13, stock closed at $29.49
you can go to our journal and alert archive and look up these posts which were all time stamped. Playing EFUT at this level ($40+) is no different than playing the local horse race, which means the play doesn't last more than a few minutes. Good Luck!
Jon
Nov 27, 2006 at 06:18PM |
Mohammad
Mohammad
Come on Mo'...
It does ignore every word...from the specualtive nature, the risk of this stock to pocketing profits along the way...and so much more.
As far as the latest trade you got yourself into...you didn't find it here!
"Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two. ..."
the above from Nov 19th in the Journal
THIS IS THE LAST MENTION..not Thursday morning like you say and not that we are playing it!
"EFUT, CAAS are teasing and might be playable tomorrow again, we just wouldn't be holding them into the weekend"
Posted on Thursday, November 23, 2006 at 07:39PM by [Demi
It is Monday, the holiday trading feast is long gone and so is the idea of EFUT. Everything but the kitchen sink was thrown out today in the market, surprisingly EFUT..is the kitchen sink tonight.
It does ignore every word...from the specualtive nature, the risk of this stock to pocketing profits along the way...and so much more.
As far as the latest trade you got yourself into...you didn't find it here!
"Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two. ..."
the above from Nov 19th in the Journal
THIS IS THE LAST MENTION..not Thursday morning like you say and not that we are playing it!
"EFUT, CAAS are teasing and might be playable tomorrow again, we just wouldn't be holding them into the weekend"
Posted on Thursday, November 23, 2006 at 07:39PM by [Demi
It is Monday, the holiday trading feast is long gone and so is the idea of EFUT. Everything but the kitchen sink was thrown out today in the market, surprisingly EFUT..is the kitchen sink tonight.
Nov 27, 2006 at 07:39PM |
[Demi]
[Demi]
true true. I don't know what I was thinking. I had made some profit on some other stocks and thought I would go with this. I guess I'll sell with a 10% + loss tomorrow.
___________________________________________
Mo'..The point of this exercise is not to sell whatever is being talked about, but to read the Journal with a little more care and understand why..when..how these plays come to be.
As far as EFUT, if the high is taken out...we'd seriosly look at it for another momo trade. This goes for any stock coming back to a recent high.
___________________________________________
Mo'..The point of this exercise is not to sell whatever is being talked about, but to read the Journal with a little more care and understand why..when..how these plays come to be.
As far as EFUT, if the high is taken out...we'd seriosly look at it for another momo trade. This goes for any stock coming back to a recent high.
Nov 27, 2006 at 11:00PM |
Mohammad
Mohammad
DJIM -- BVX has passed the 9-dollar level. Anything interesting for you to re-enter?
Dec 11, 2006 at 06:41PM |
treading2
treading2
Not that exciting with all the action in current DJIM stocks.
Also, AZZ,CAAS,LXU are ones we covered that are doing just fine. A point of the DJIM hit/hold list is for readers to develop new screeners of stocks that fit the DJIM mold...BVX included.
Also, AZZ,CAAS,LXU are ones we covered that are doing just fine. A point of the DJIM hit/hold list is for readers to develop new screeners of stocks that fit the DJIM mold...BVX included.
Dec 11, 2006 at 07:26PM |
[Demi]
[Demi]
Demi and Jon -- what you said ... " A stock in a uptrend, including the previous days action coming to a new high... might continue a downtrend if it breaks that previous days lows...something to watch and help make exit decisions.
are you talking ZOLL here? If it breaks that 52.89 level? Whats the best scenario here? I'm in it.
are you talking ZOLL here? If it breaks that 52.89 level? Whats the best scenario here? I'm in it.
Dec 13, 2006 at 08:55AM |
treading2
treading2
Not really in ZOLL's case as its not in a new uptrend yet..maybe its next leg.
EDU is a better case, its last leg 29 to 38, its basically a engulfing candle in your head w/o needing to look at charts yesterday. Todays follow through down is what you want to avoid.
This better suited for stocks like TRT, MIKR in the past that have fast moves up and this might signal a top..short term or long term.
EDU is a better case, its last leg 29 to 38, its basically a engulfing candle in your head w/o needing to look at charts yesterday. Todays follow through down is what you want to avoid.
This better suited for stocks like TRT, MIKR in the past that have fast moves up and this might signal a top..short term or long term.
Dec 13, 2006 at 05:42PM |
[Demi]
[Demi]
DJIM -- what do you mean by this comment?
"You can't live on the ESCL daily.. that sort of trading stuff wipes, drains
you out !"
_________________________________
Simply..if you attacked the momentum.7.8.9.10.11.12.13..the rush, the excitement of trading in and out of a ESCL for 2 days like many did...it would leave you exhausted.
"You can't live on the ESCL daily.. that sort of trading stuff wipes, drains
you out !"
_________________________________
Simply..if you attacked the momentum.7.8.9.10.11.12.13..the rush, the excitement of trading in and out of a ESCL for 2 days like many did...it would leave you exhausted.
Dec 21, 2006 at 09:51PM |
treading2
treading2
"You all know our thoughts on the 9ema, especially
for exits after a run but you also
know many wait for this spot to initiate/start a
position."
I am trying to be a sponge, studying and learning,
reading. After 3 years of trading, I know more now
in 2 weeks than I have all along...............ready
to learn!!
Thanks, straightup