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Title: Gatlins Stock tips and money advice
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Published: Feb 5, 2018
Author: Hopefully Gatlin
Post Date: 2018-02-05 18:32:47 by A K A Stone
Keywords: None
Views: 26096
Comments: 167
You wanna get rich? You just might if you follow this advice.
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Begin Trace Mode for Comment # 90.
#1. To: Gatlin (#0)
Hope you don't mind.
There is no link to any advice that I can find. Check it ...
It is for you to provide the content.
Start by reading here: The Key To Stock Market Success.
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?
I will do this exercise for you in steps but it is important that I begin by presenting the 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. 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. 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 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 ...
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: 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 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.
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. I don't do stocks. I do forex. I work with the MT4 platform. But reading your post it's obvious you do know about stocks, and in fact more about stocks than me. To go 3 straight years with losses and continue through to success is, while obviously not a streak to strive for, does require a professional mindset to survive. If you've done that, my hat's off to you for persevering. But my comment about knowing more about trading than you do was based on your comparison (if it *was* yours) of bitcoin to the Hunt brother's attempt to corner the market, especially when the mechanism that killed them was a change in the trading rules substantially reducing their leverage which forced them to liquidate their silver positions, when you know, or should have known, that bitcoin obtained it's highs without any leverage being utilized at all, which while not proof bitcoin is quality asset, should nonetheless be respected as a remarkable achievement in the market. That is a very significant difference and seemingly one you missed. And after I point that out you claim the similarity is that both situations ended the party due to interference by authorities. Well, in the case of bitcoin/cryptos, no one government is big enough to do what an exchange did to the Hunt brothers because crytpo trading is decentralized, and that is it's trump card. In my view, your comparison is a poor one and is why it was apparent to me that I knew more about trading than you. But okay, since you are a professional trader, you already have a grasp on the importance of setting aside emotion when making trading decisions. So why is it you can accept 3 years of losses and remain optimistic about stocks, but when cryptos have 6 weeks of losses, you say the party is over for them? I would expect any pro trader to admit he cannot predict the market with more than a modest degree of certainty, but you clearly did. I've offered arguments in favor of cryptos based on the changing and growing technology the world is undergoing on ALL fronts and you ignore those arguments completely, simply quoting lots of old school types who don't see it. Apparently you are like them, old school, so what they say is easy for you to accept as authoritative and knowledgeable on the subject, but you, like them, are not even open to the possibility that maybe cryptos do possess some advantages in the market that conventional systems don't have. It's not unlike how pre-WWII, the navy brass refused to believe the battleship could be surpassed in naval supremecy on the high seas, ignoring General Billy Mitchell's warnings about how the airplane was now the superior weapon. He was courtmartialed and forced out of the military but after Pearl Harbor, ended up having an WWII aircraft named after him (and his rank restored). So I say you cannot be locked into old tech, refusing to acknowledge the new, which is what you are doing. If you have an actual argument against cryptos, then by all means make it. But it seems you've hardly even tried to even field one. It seems instead your opposition to cryptos is emotionally based and you simply get on the same anti-crypto emotion train as all other naysayers, even though you already know emotions are the bane of any trader. So yes, I proceeded to make my observation about how I thought I knew more about trading than you.
I have nothing against new tech (bitcoin) and I am for anything (well, with certain exceptions....of course) I can make money from. And I can see the day that if bitcoin survives (as I hope that it does) there will be ways to do 2x and 3x buys and the same with short sells. The market always eventually provides those mechanisms. If you have never seen this, here it is ... Hey, these last couple of exchanges have been good ones....thanks for that. Personal note: This is the second day I am not working 20 to 30 trades. The Friday and Monday dips, which I was prepared for with Stop Losses but did not know when to expect, set me at ease for a couple more days now until trends are again established so I can determine which equities are moving up with a three-day upward progression.
It is my first preference to get along with everyone, even with people I disagree with politically. In my book politics is not the most important thing in life. Striving to be virtuous is. Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that. When Bitcoin flew up to 20K, that exceeded my expectations by far, even though I was and remain optimistic on the long term prospect for cryptos, whether or no bicoin ends up as the master crypto. In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion. I still expect it to go higher, breaching 20k again and proceeding beyond, but crypto tech is still not mature enough for widespread use. It needs to reach the point where average people and storefronts can easily transact with it in a retail setting, and it's just not there yet. For that reason, the velocity of bitcoin is almost non-existent. And then we'll have the good money/bad money situation. What I predict is that after that level of tech is obtained, bitcoin will see another significant pullback much as we've seen since Christmas, and amidst fears it will crash, people will then start to spend it before it does, and that will be the catalyst for bitcoin or whatever is king crypto at that point to take hold in retail markets. Naturally both buyers and sellers will need to be willing to transact in bitcoin. Yes gov regulations and possible banning will be an obstacle. We'll see how it pans out. It does appear though, from my admitted bias news source, that today's senate hearing went favorably for crytos, with both regulators and senators seeming to agree that cryptos are "here to stay". I'm sure I saw the Billy Mitchell movie as a kid. Maybe I'll watch it again sometime. The version you posted is crappy though.... it only catches about 1/3rd or 1/2 of the screen, being zoomed in. Aviation has always been a strong interest of mine. I am a licensed private pilot. Perhaps you are too. When I grow up, I want to buy a plane. A kit plane actually. I like this one, a Zodiac CH-650.
Absolutely a great point on “loss perspective.” I only trade with money I can afford to lose. If I lost all the money I trade with today, it would not in a single way change my lifestyle or deny any of the many pleasures in life I enjoy. In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion. I was on the outside looking in. But had I been on the inside, I would have had the same thought with my “conditioned response” [in this case]. After an extremely rapid high point was reached, each day, I expect bitcoin to go “pop” and take major drops in rapid sequence. Not hat I am that smart, well I guess that I am since it was a “costly learned condition” for me. My problem during early times was never learning when to get out. I had been flying so high that I always chased the moon. Every day the constant increases were “oh boy” days for me. I then paid dearly for my lesson not learn. Although it took a long time I learned to use Stop Loss. I only started to use stop losses when I was into as many as 30 or more stocks and could not possibly monitor them all at the same time throughout the day. Before Stop Loss orders, I learned to pick a set point and some time in a run up and just get out. That point was usually a high of 30% when it reached it. After that, it did not matter to me if the stock made a 700% increase. For I had my 30% and in my past days of faulty trading methods, I usually wound up with a major loss caused by not knowing when to sell and get out. There is a tale often told during my early days in life spent on the farm. I will share it: “PRESERVE CAPITAL – GUARD AGAINST LOSS.” Those are the words posted in full view on the front of my keyboard. I see them each time I look down.
It was a good brain-shot for you to start this thread. I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal. But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest. Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.
Keep the posts coming. I'll catch up on this thread later. Have a great day.
For those of you who are following this thread and are interested, I will take you through my process this one time. only. This is the first time in three days that I find a stock to fit my buy perimeters. If you remember from a previous post, I generally have over 250 to go through. For the last couple of days the selection has been at 16 and none of the 16 yesterday fit for me. Note: You may need to refer to a previous post to understand how to follow what I am doing. I get a 15-minute delayed feed from the markets, [I have no reason to pay money for live feed] I checked at 0746 [my tinme ] and off the 16 equities showing 100%...BINGO the first one was a hit. This ususally doesn’t happen and I can spend as long as a hour finding the right stock.. I am going to present the information the way I have it formatted for easy reference to me You will need to keep the following format in mind. I will not have time to always repost it each time and I will only post the data. On 02/07, I purchased 580 Shares of ERN – Stop Loss Price is $3.60 – Current Price / Purchase Price is $3.40=$3.40 – Amoun t of Purchase is $20,041.75 – Market Value is $20,041.75 – Reading from left top right [on the plus and minus signs] there was one day up, then two days down followed by two up days. The jump today was $2.94 and the jump for the past five days was $17.24. As you will recall, this was a “good” buy for me....so I am off and running....hard. ERN-01/07-580 ///// 3.36 ///// 3.40=3.40 ///// 20,041.75=20,041.75 ///// ++--+ ///// +2.94 +17.24
At 0830 the price is $3.70 – It’s up 5.88% percent for the day – The program shows if I had boughr the stock on opening at 0730 I wold have now made $116.00 – Since I did not, I have really made$46.25 – and the Market value is 2,088.00. That is calculated to be $61.66 per hour....a bit above minimum wage.
I will do this again at differet times during the day on this stock. Right now, I must get busy trying to ffnd the next stock to purchase. It will take a couple days to get back up to the normal 30 I carry. Later ... ...
I have made 2 additional purchases. DECK fit again and I jumped in on it....along with GOOS. I dropped my Stop Loss from 1% to 3% - now at 3.30 Remember “Protect Loss.” Since I don’t have near as many stocks as normal, I can take a larger percentage loss on 3 stocks than I could on 30. I forgot to mention in my intital posts that I do fluctuate on the percentage amoung for stock loss. 0932 ERN is up for the day to 8.82% - I am up $75.25. I must now go look for 2 more stocks and then I feel like stopping there for the day....maybe, maybe not?
Just curious do you ever invest in real estate?
Never have...but I have a friend who does. Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years. One of his purchases was a large tract between here and Tucson, he later discovered on an old map that it showed an airstrip on the property. He had been to the acreage a number of times to check the property and never saw an airstrip. He started digging around and a foot below the surface was a paved strip where the blowing dust had accumulated soil over the years. Checking history, he found out it was an auxiliary landing stirp for flight training out of Tucson. I lost touch with him about ten years ago when he moved to Vegas. He join our four- wheeling excursions and follow our Range Rover on off-road treks in his all-wheel- drive Porsche. Wild! Four-wheeling in a Porsche....he obviously made loads of money, eh? Lots of stories to tell you about him, maybe another time. He won many cross country races is vintage early 1900 vehicles that he restored and maintain himself at his mountainside home here. Hope there are not to many mistakes here, I am on a table keying quickly while grabbing a quick snack in the dining room and then getting back to “work” ...
Yep. There's a Mark 1, Mod 0 investment that works out very well for the patient and prudent.
There are no replies to Comment # 90. End Trace Mode for Comment # 90.
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#2. To: A K A Stone (#1)
#3. To: Gatlin (#2)
#4. To: A K A Stone (#3)
(Edited)
It is for you to provide the content.
#6. To: Gatlin (#4)
#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. DEFINITION of 'Swing Trading'
BREAKING DOWN 'Swing Trading'
Day Trading Versus Swing Trading
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.
#9. To: A K A Stone, Pinguinite (#8)
(Edited)
I don't think you know as much about trading as I do, Gatlin.
#10. To: Gatlin (#9)
#22. To: Pinguinite (#10)
Returning to finish my response to your post... So I say you cannot be locked into old tech, refusing to acknowledge the new, which is what you are doing. If you have an actual argument against cryptos, then by all means make it. But it seems you've hardly even tried to even field one. It seems instead your opposition to cryptos is emotionally based and you simply get on the same anti-crypto emotion train as all other naysayers, even though you already know emotions are the bane of any trader. So yes, I proceeded to make my observation about how I thought I knew more about trading than you.
Wow. You and I do have a failure to communicate. I will accept the fault blame for that and try harder to be more detailed in my statements. It's not unlike how pre-WWII, the navy brass refused to believe the battleship could be surpassed in naval supremecy on the high seas, ignoring General Billy Mitchell's warnings about how the airplane was now the superior weapon. He was courtmartialed and forced out of the military but after Pearl Harbor, ended up having an WWII aircraft named after him (and his rank restored).
I find this to be cute, and I am not being sarcastic....you using Billy Mitchell as an analogy to me, a retired U.S. Air Force officer.
#59. To: Gatlin (#22)
Hey, these last couple of exchanges have been good ones....thanks for that.
#63. To: Pinguinite (#59)
Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that.
There was a man who had a mail order bride arrive at the stage stop. He was there to pick her up with his mule and wagon. He did not say a word to her. And they never spoke during the first part of the long trek to the homestead. After a while, the mule stumbled and the man said “that’s one.” Some time later, the mule again stumbled and the man said “that’s two.” A few more miles down the trail, the mule stumbled again and the man said “that’s three.” He then stopped the wagon and picked up a 2x4 from under the seat, got down and hauled off and smacked the mule between the eyes with the long piece of timber wood. The young lady who had also not spoken during the trip screamed at the man and began saying how terribly cruel she found him. The man got back in the wagon, looked directly into her eyes and said “that’s one.”
I had my “that’s three” in the years I lost. Then I learned. And I will never, ever, have a major loss again.
#64. To: A K A Stone (#63)
#65. To: Gatlin (#64)
#66. To: A K A Stone (#65)
#67. To: All (#66)
#68. To: All (#67)
#70. To: All (#68)
#71. To: Gatlin (#70)
#72. To: A K A Stone (#71)
(Edited)
#90. To: Gatlin (#72)
Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years.
Replies to Comment # 90.
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