tag:blogger.com,1999:blog-19713238.post126786235011096249..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Dummy Trade of the Day - Marvell Technology Group Ltd. (Public, NASDAQ:MRVL)TJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-19713238.post-75276786703753995742006-11-22T00:04:00.000-05:002006-11-22T00:04:00.000-05:00Jamie,
Thanks for the tips. I think I'd like to ...Jamie,<br /><br />Thanks for the tips. I think I'd like to interview as many of the good bloggers out there and ask them this question? I think I would like to structure it a bit more so that I don't waste their time by leaving it open ended. I would then like to post it up so that we can all share in the thought process. Having said that, I will take some time during the Turkey week and think of a way to structure my own exit rules. I absolutely need a bit more structure as "feel" is not quite good enough. I paid the price today once again.<br /><br />Thanks,<br />LPLPhttps://www.blogger.com/profile/11803548402479540869noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-78289315967641211992006-11-21T20:58:00.000-05:002006-11-21T20:58:00.000-05:00Hey LP,
I checked out your blog and I like it a lo...Hey LP,<br />I checked out your blog and I like it a lot. You're doing great. Exits are tougher than entries. You can have all sorts of rules for exits, but in the end its all about preserving profits.<br /><br />If a trade is moving slowly at a 45 degree angle, I try to stay in as long as the 10 period MA is not breached on a closing basis. If a trade moves quickly with WRBs at a an 80 degree angle, I have no qualms about taking a profit (partial or full) when it stops to consolidate especially when the 10 period ema is far away from price.<br /><br />I also look for candlestick reversal patterns such as high upper shadows and hanging men as indications that price is going to pullback.<br /><br />Also, the market and sector are important in deciding whether or not my positions have more potential.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-44618117423375372052006-11-21T11:48:00.000-05:002006-11-21T11:48:00.000-05:00I too had fun with MRVL. Jamie...How does a wall ...I too had fun with MRVL. Jamie...How does a wall street warrior exit trades on profitable position. I'm struggling with this concept as I have no system to take profits. I do it on feel and feel has consistently left big money on the table.<br /><br />Thanks,<br />LPLPhttps://www.blogger.com/profile/11803548402479540869noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-31323195118479890562006-11-21T07:19:00.000-05:002006-11-21T07:19:00.000-05:00Hi Anonymous,
Thanks, I use level 2 for market de...Hi Anonymous,<br /><br />Thanks, I use level 2 for market depth on these types of trades when I'm trading from home. Unfortunately, I've been using a Web Trader lately so it's a bit of a handicap.<br /><br />I use limit orders. I prefer a very tight spread max 2-3 cents. However, if I think a stock has real potential, I will trade the bigger spread and try to get out on strength. Selling on a stop loss with a big spread will take away a good portion of the profit.<br /><br />Good Trading!TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-53775745406792632292006-11-21T04:27:00.000-05:002006-11-21T04:27:00.000-05:00Hi Jamie
nice collection of trades and great anal...Hi Jamie<br /><br />nice collection of trades and great analysis.<br /><br />Quick questions. Do you use Level 2 at all for your entries? What sort of orders do you use?<br />Do you have any rules about the max spread of a stock or would you buy on the bid etc?<br /><br />CheersAnonymousnoreply@blogger.com