Where is the guy that is doing the sheep? --------->
http://www.coloradohandyman.com/mglg.jpg
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Where is the guy that is doing the sheep? --------->
http://www.coloradohandyman.com/mglg.jpg
im still holding MGLG, BCLE which im basically freerolling with my sell from BEHL. ahh yeah, and i missed the blue sky jump off. well, i am learning and i realize my mistake immediately. i could have sold a smaller position in BEHL, and still would have been able to freeroll MSLG, BCLE and BEHL.
oh well, i learn from my mistake and wont happen again. the only good thing is my play was still profitable, just not optimal.
i took a position yesterday in RTG VENTURES. i couldnt get the 200k shares, but i hold a decent position of 60k shares and looking to add. im in at .036 i feel this is the low end of the range as i couldnt add more shares today at that price.
i also picked up 2MM shares of EWKS at .0005 , let's see if that works out.
i guess my main strategy is to try to accumulate a very wide range of pennies/sub-pennies and flip whatever i can, whenever i can so i can freeroll the whole portfolio and just hold for blue sky break outs. sounds like a decent strategy IMO. gl me.
Bill, so i bust the main event on day 1, no big deal. i couldnt leave without playing the 25/50 cash game at the bellagio. good idea. hit the table up for about 45k. so the trip was short but still profitable. hopefully i can keep running good. hope all is well with you, good job on the mglg updates. not much going on without a PR. i know we both got in cheap so its worth the risk. especially considering we're well into the green at this level. bcle is going into the drawer for me. im hanging onto free shares. just gotta wait. i just wish it would trade the wide range like before, oh well.
anyways, i will catch up with the rest of you guys . still got jet lag and my sleep pattern is wacky.
tomorrow will be a good day!!!
GN AND GL
Geez Bill - you got me all crazy with that shipping post - I was getting all excited, as I didn't put my sell order into PACR like I shoulda... If I did what I do in that game, everything would be fine... as it's the company that supplies the big metal containers - so related to shipping. And I'm wanting to get into DRYS again at some point. But, I figured the Hang Seng should be down right now, as well as the BDI - then I looked at the date!
Anyhoo - Hang Seng is crashing along with the rest of Asia at the moment - as well as the SP, DJ, and Nasdaq futures, and commodities of all types.
I was just going to print a bunch out, slap a piece of white paper down on top, and drag it across, and just mark buys and sells - but also I just want to look at a bunch of examples.Quote:
Originally Posted by billhart22
It's like that chartgame, the more you play the more you see the patterns come up.
Do not turn me into a sub-penny trader :)
Bass, I know how you feel. All that casino action and flying around sucks. Get a good night's sleep and I will catch you tomorrow. I am not worried about the MGLG PR...when it comes, it comes.. I was spouting off tonight on the hub (code word, lol...thank you Dave). There are some real idiots on there.Quote:
Originally Posted by bassmaster
If you are on a free roll, then God has blessed you! I admire your audacity and appreciate you. I am glad to see you back, but not so soon, but that is the way the mop does flop sometimes!
Get a good night's sleep! Congratulations on being a world class poker player! ;)
Yes, Asia is sucking big time! That is why the drys are going down big time. I would let them fall to the bottom and then buy and just sit on them. They alwasy come back, especially the drys. If the drys are down, then the Earth isn't moving!Quote:
Originally Posted by Dr. Dave
That is exactly as I figured you were doing. Do you have a formula to keep trade by trade developed, or is it all grunt work?Quote:
Originally Posted by Dr. Dave
You are hooked, buddy...want another hit? LOL :)Quote:
Originally Posted by Dr. Dave
This one isn't for free! muhahahahaha
I love the leverage.
Are you lurking out there?
I could actually write a little script to keep track.
Which reminds me, someone said they were using a mac... here's that script I wrote that gives you a quick on the fly % gain/loss, $ gain/loss, risk/reward answer on the fly using the command line:
Note, I called it rr2 (for risk reward too, can see that in the example line) - also it factors in a $7 trade (or $14 round trip in commissions) - so just change the number 14 below to whatever your commissions are - since we are dealing with pennies, the commissions are often more complex - ie. a percentage of the trade for some platforms - so just guestimate. I find it real handy if I have a few minutes before close and don't have the time to plug the stuff into a calculator - online or a real calculator.
Actually, for the "game" - I can use the output of that little program I suppose, but you can also use an excel spread sheet - if you're interested Bill, just pm me, and I can email you a spread sheet set up. I set up a spread sheet to already to track some additional stats from that game. I wanted to see how many of my trades won quickly, and how much I would have made only using $1000 per trade. Ah crap - but to get the numbers into the spreadsheet for the online game, I had to hack another script... the columns on that game aren't all across the page, so it took some hacking.
Here's the other script for risk/reward, etc.
#!/bin/sh
# May 31 2009
# Dr. Dave
# Script calculates
# G/L percentage
# G/L in $
# amount after trade exited
# risk and reward
# enter the following after the command:
# entry price, target, stop, trade amount
# example
# >rr2 100 150 95 1000
###########################
echo $1 $2 $3 $4 > tmpfile1
awk '{
print " "
print "gain " (-($1-$2)/$1*100) "%"
print "gain $" (-($1-$2)/$1*$4)-14
print "exit amount $" $4 + (-($1-$2)/$1*$4) - 14
print " "
print "loss " (-($1-$3)/$1*100) "%"
print "loss $" (-($1-$3)/$1*$4)-14
print "exit amount $" $4 + (-($1-$3)/$1*$4) - 14
print " "
print "reward/risk " ((-($1-$2)/$1*$4)-14)/-((-($1-$3)/$1*$4)-14)
print " "
}' tmpfile1
/bin/rm tmpfile1
Ok -
I printed 50 charts - man - lot tougher than the chartgame.
I can see a whole new obsession starting.
btw -
I can't remember if I mentioned how I liked the stochastics being in phase for a rebound on the BCLE 60 min - it looks like a turnaround at the same low as before, have a doji on the daily and just need to get a confirmation candle tomorrow (today) - I'd rather see the low at 0.0175 than lower... even if we were to move higher, I think its more positive stopping here.
http://www.scripps.edu/~davess/siri/BCLE-60min2.png
http://www.scripps.edu/~davess/siri/BCLE-daily2.png
Ok - I got to go home - I'm gonna lose it all if I don't start waking up before the market closes.
I looked up whether a corrective part of an elliot wave can be even ie. the "C" even with the "A" - and it ends up, the criteria are on the money just about... for that to happen, you want the "B" to be close to the "A", which is what happened - so we are online for elliot wave/reverse symmetrical triangle tea leaf analysis - just a note to anyone reading this, this is only for my own sick enjoyment of over analyzing patterns that aren't really there...
It takes some editing to put the letters into a new chart - so I'll just reshow the previous chart for my own psychoticness - just add in the recent candles...
http://www.scripps.edu/~davess/siri/BCLE-daily.jpg
how come when i google maps satellite 1370 Hurontario St., Mississauga, Ontario (mglg's office?) it comes up w/ nothing?
it's actually prolly an hour and a bit away from my house... if it is actually there..
ahhh can't decide, 50% bcle and 50% mglg or 100% mglg
think nows a good time for both? it seems like it, they both went down last week.
if i say 350000 shares (and don't think all or none) whts the chances tht i'll get all 350,000?
what u think of ocnf in the 1.20's bill? id love to get it lower but i dont know if it can, although everything in the market seems to be going lower these days.
and don't click all or none*
Many indices are sitting right on support levels - alcoa reports today to open earnings season - if there is a break down, you'll get your 1.20's - as the support line there is 1.20, so it should at get to just about there at minimum if the market tanks - could go lower too.. I just looked at a default chart -Quote:
Originally Posted by trippingthespeculatingpos
See everyone is waiting -
http://quotes.ino.com/chart/?s=CBOT_ZD.U09.E&v=d3
that's DOW futures - head and shoulders - just sitting there waiting for the reports to come out.
Sean,
You will get them all, eventually. It will just come in lots of 50k, or whatever is for sale at the time. also, i think you should drive over to MGLGs office and see whats cookin.