Market watch for week 11/30 - 12/13/2009

[bassmaster]

I love to read posts that are very interesting especially those topics that are about financial matters, business and stock market conditions. It is good to read those posts for they broaden our knowledge about different issue concerning the business world.

mod,

ban him, SPAMMER. or link to virus.

[bassmaster]

I'll try logging in a bit, see what's up. Not arguing with them though, lol. I like this thread because we try to make each other a little dough, not argue about who's right, lol.

dude , you dont even have to post there. i cant post decent charts here. just want you to take a look and tell me im full of shlt. or by luck i happen to be pretty decent. lol

[Dr. Dave]

Well, I reregistered the other day, tried to log in just now, and it wouldn't let me in. Then remembered there was likely a confirmation email... but can't find one - maybe my email address is still on the blacklist - checked the spam folder too. I would like to see what the gold guy is up to though.

[Dr. Dave]

dude , you dont even have to post there. i cant post decent charts here. just want you to take a look and tell me im full of shlt. or by luck i happen to be pretty decent. lol

lol, there's no right or wrong, it's tea leaves - I get'em wrong all the time. When I fly out on my jet to play you poker for the night, then you'll know I've finally figured it out. Actually, what I noticed is that the toughest part isn't the TA, it's playing the trades right. That's my focus for 2010.

In fact, back to the iphone bit, I was thinking about getting one if I can make 20 decent trades in a row, and what I mean by that, it's not money makers, I mean, where I don't do something dumb, like chase on emotion, or ignore a stop, jump in with 3 mins worth of chart DD after being awake for 20 hours, not leveraging what should be a strangle play, etc.

[Dr. Dave]

Maybe open an account at one of those online photo sharing sites, picsaweb or photobucket or whatever... then drag your chart to the desktop, and upload there... then use the "insert image" here???

I'm going to look again for the koat email.. but I swear I didn't see it.

I tried to have them resend it, says "The e-mail/username information submitted could not be found." Still must be a bug in there somewhere.

[bassmaster]

ok, when your making trades. is there some strategy to avoid getting stopped out by traps? - kinda like folding to a bluff in poker.

[bassmaster]

just tried photobucket and jing....im just dumb.... kinda why i use a mac, everythings so easy with it. i just wish charles would expand the picture sizes. rick did it for me over there. it took 2 seconds. lol

[Dr. Dave]

ok, when your making trades. is there some strategy to avoid getting stopped out by traps? - kinda like folding to a bluff in poker.

I don't like putting on automatic stops, I like having a stop level and then looking to see if the stock will close below that level. Leave the intraday out. If something bad happens intraday, like say some unexplained explosion hit the pentagon or something, then yeah, stop yourself out intraday. It's all experiment, but so far, since I made the switch, there have been some hammers that formed that I would have been taken out of had I actually had an order in.

One method of creeping up a stop for a swing trade is to look at the examples at ablesys or abletrend (whichever, just google it)... you don't need thier software to do it. But if you get stopped out, you get stopped out.

[bassmaster]

thanks for the tip....apple tall doji on the support line, not tempting?

[Dr. Dave]

Lol, after I close out, sometimes I don't look. Not at this juncture, lets let the market decide what its doing and maybe go in on a pullback. Don't want to over trade. Though, I want to actually spend the rest of the year reviewing trades, setting up my stockcharts account, making clear trading plans, etc. Start the year off kind of fresh. You can see my ticker list is shrinking.