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Opinions/Editorials
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Title: Gatlins Stock tips and money advice
Source: [None]
URL Source: [None]
Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 26120
Comments: 167

You wanna get rich? You just might if you follow this advice.

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 8.

#1. To: Gatlin (#0)

Hope you don't mind.

A K A Stone  posted on  2018-02-05   18:33:23 ET  Reply   Untrace   Trace   Private Reply  


#2. To: A K A Stone (#1)

There is no link to any advice that I can find.

Check it ...

Gatlin  posted on  2018-02-05   18:35:44 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Gatlin (#2)

It is for you to provide the content.

A K A Stone  posted on  2018-02-05   18:42:59 ET  Reply   Untrace   Trace   Private Reply  


#4. To: A K A Stone (#3) (Edited)

It is for you to provide the content.

Start by reading here: The Key To Stock Market Success.

Gatlin  posted on  2018-02-05   18:51:16 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Gatlin (#4)

That is a lot of links. How about some specifics.

If I had a thousand bucks and I wanted to invest it for a month, what would you buy?

A K A Stone  posted on  2018-02-05   19:05:32 ET  Reply   Untrace   Trace   Private Reply  


#8. To: A K A Stone (#6)

If I had a thousand bucks and I wanted to invest it for a month, what would you buy?
This is going to be difficult to answer. It will take time and some detailed explanation, but I will do this for you. First of all, I cannot answer the question as you posed it because I have never approached trading in that manner. Meaning, As a Swing Trader, I always place a Stop Loss order on each equity I purchase. So, the sell order occurs automatically and I therefore place no time restrictions on any stock buy. I am sometimes in and out of a stock within few minutes and often times I am in and out of a stock the same day, At other times, I am in for as long as a month or two before being being automatically sold out.

I will do this exercise for you in steps but it is important that I begin by presenting the definition of Swing Trading:

DEFINITION of 'Swing Trading'

Swing trading attempts to capture gains in a stock (or any financial instrument) within an overnight hold to several weeks. Swing traders use technical analysis to look for stocks with short-term price momentum. These traders may utilize fundamental or intrinsic value of stocks in addition to analyzing the price trends and patterns.

BREAKING DOWN 'Swing Trading'

The trader must act quickly to find situations in which a stock has the extraordinary potential to move in such a short time frame. Therefore, swing trading is mainly used by at-home and day traders. Large institutions trade in sizes too big to move in and out of stocks quickly. The individual trader is able to exploit such short-term stock movements without having to compete with the major traders.

Swing trading involves holding a position either long or short at least overnight and or up to several weeks. The goal is to capture a larger price move than is possible on an intra-day basis. Swing trading assumes a larger price range and price move and therefore requires careful position sizing to minimize downside risk. Swing trading can involve a mix of fundamental and technical analysis. Swing trades usually rely on larger time frame charts including the 15-minute, 60-minute, daily and weekly charts. Swing trades tend to require more holding time to generate the anticipated price move.

Day Trading Versus Swing Trading

The distinction between swing trading and day trading is the holding position time. Swing trading involves at least an overnight hold, whereas day trading closes out positions before the market close. Day trading positions are segmented to a single day only. Swing trading involves holding for several days to weeks. By holding overnight, the swing trader incurs the unpredictability of overnight risk resulting in gaps up or down against the position. By undertaking the overnight risk, swing trades are usually done with a smaller position size compared to day trading, which utilizes larger position sizes usually involving leverage through day trading margin. Swing trading can utilize the overnight margin of 50% if the account meets the pattern day trading (PDT) rule of maintaining at least $25,000 in account equity. Swing trading on margin can be extra risky in the event a margin call triggers.

A swing trader tends to look for multi-day chart patterns. Some of the more common patterns involve moving average crossovers, cup-and-handle patterns, head and shoulders patterns, flags, and triangles. Key reversal candlesticks, such as hammers for reversal bottoms and shooting stars for reversal price tops, are commonly used in addition to other indicators to devise a solid trading game plan. Stop-losses tend to also be wider when swing trading to match the proportionate profit target.

I will offer no advice....none whatsoever. But since you asked and definitely seem interested, I will do a ONE time walk-though exercise with you. I will tell you what I am now planning. I may modify my plan tomorrow morning depending on the opening price of the stock I choose.

I am out of the market right now. Fortunately for me, all of my stocks sold off automatically on Friday with a stop loss order at one percent. I started to buy back in today but decided not to because the market was so jittery.

BTW, no plan will get you rich in the stock market. But doing the right things consistently over the years can be comforting and enjoyable. There is an old addage many of you may have heard. It goes something like this: The way to make get one million dollars out of the stock market is to start with two million dollars.”

I will begin the first step walking you through it in my next post. This will be fun ...

Gatlin  posted on  2018-02-05   21:57:03 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 8.

#9. To: A K A Stone, Pinguinite (#8) (Edited)

Again, I understand what you are asking, Stone....but I have no answer for you. You definitely need to check with Pinguinite who declared in a post to me:

I don't think you know as much about trading as I do, Gatlin.

That being the case, I will at anytime graciously yield to his deep breadth of knowledge, his profound wisdom and great expertise as a stock trader.

Since I know of no quick-pick stock to buy when looking for a profit in 30 days. I will therefore explain my Swing Trading procedures for you....for what it’s worth.

When I am starting a new purchase, as I am now, I go to barchart.com and click on ”Stocks” and then on the next page I click on “New Recommendations” to wind up here. I then click on “16 stocks” [or whatever number is currently there] in the “100% Buy Signal” block and arrive here. I work my way down the page to find stocks with %chg” of at least a plus 1 percent. The first stock I find with that is an “old friend” I have lost money on twice before: DECK. But I could care less about before because today is a new ball game going forward.

I click on “DECK” and arrive here. I check that DECK is listed on either the NYSE or the AMEX because only those exchanges permit Stop Loss Orders. So, I find DECK is listed on the NYSE. And I see that DECK has a “5-Day Change of +7.38% which fits my minimum of 5% for 5-days. I next check for “Avg Vol” of at least 100,000 shares. I want a large volume trade because with a low volume of say a couple thousand, I could be stuck there for days waiting for a buyer before my automatic Stop Loss Order kicked in. I see the DECK has an “Avg Vol” of 789,310....so I am still a “go” to move on to the next step.

At the drop-down “GO TO” block near the top, I select “Performance Report” and arrive here. It is not unusual to see a “+” for the “Past 5 Days %Chg.” Which when fitted in with all the previous perimeters would give the utmost perfect buy signal. However, here I see a three consecutive day climbs of “+” which is usually my minimum. BUT, when the graph below those numbers has a good steady climb, with no erratic up and down movements, I can go with as few as 2 positive upward movements.

DECK is definitely first on my consider list for tomorrow morning. A cursory glance shows there a a few more stocks I may add, but I will stop here for this exercise. I stay away form the high percentage jumps, like the 12 and 13 percent that caught my eye. With that kind of jump, I am pretty sure to see a drop the next day.

So there you have the first step of what I will be doing throughout the rest of this evening and at different times when I wake up during the night.

See you tomorrow morning when I will make a $10,000 purchase of DECK and be off and running to keep you posted on the progress over the next few minutes or I hope, the next few days. I mostly buy in with $20,000. But I am somewhat cautious considering the jittery movement of the market.

I mentioned that I have purchased DECK before with two losses. I bought back in each time my buy perimeters were met. Here are the results of one of those transactions. You will see the buy date, the number of shares I purchased, the Stop Loss Order price, the actual buy amount price and the actual sell amount price when the Stop Loss Order kicked in. Lastly, the plus and minus readings from right to left show that I bought the stock when it went up two days. Then it dropped down one day but not below 1%....then it went up two days only to drop the next to below my 1% Stop Loss and it automatically sold.

DECK - 01/26 Buy Date - 226 Shares – $88.02 Stop Loss – Buy Amount $19,995.33 – Sell Amount $19,791.34 – Daily Movement [read from right to left] -++-++.

I have been in and out of DECK at least once before this but I usually only keep the last five action days on record. I just happen to have 01/26 because I hadn’t gotten around to deleting it.

Don’t let this all sound too rosy to you. I have had some big gains as well as some huge losses since 1965. I had losses for one period over three straight years. But I had enough reserve capital to continue and enough guts to be persistent. But I do realize that as a trader, but for the grace of God, I could have wound up as big a loser today as I am a winner.

This is probably not what you are looking for Stone. In any case, it is all I have to offer. This is what I do throughout the trading day and for periods at night. You have to have a passion and a love for doing it hours at a time. It is not something to undertake part time. In between trades and while waiting for actions....I enjoy posting on LF.

Remember that this plan is not engraved in granite. Should I find it not working or needing a change....I will do that on a moment’s notice.

I don’t think this is really what you are looking for, Stone. But let me know if you are interested and I will continue with this exercise tomorrow morning. If you are not interested, I will not be offended should you want to save us both time by stopping here.

Gatlin  posted on  2018-02-06 01:30:58 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 8.

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