Ranked Top 85%
simple stragety. and it works over and over again
Started Dec 30 2008 at 1:37PM (EST) (By aloysius)
But trading this market if you have the right strategy is so simple. Every day for the last 8 months straight I do the same thing over and over again. Both for my clients and me, all I do is trade in and out all day long. When the market is getting hit in the morning or afternoon I buy the stocks and etf that are down big. Then going into the last hour of trading the market usually rallies up or down. The following morning I start piecing out of my positions, and almost always book at least 6 percent on the first sell and then I work the rest of the trade till I am completely out. The only problem is sometimes I can miss another 5+ percent. I trade by this saying
“You will never go broke booking profits!!”
That’s the key in this market. Do NOT be greedy. Take your profits when they are there. I personally look at it by the monthly gains rather than trade by trade. You make 20 percent plus a month and I am telling you that your clients, friends, family whoever listens, will appreciate your help and advice and your pockets will be full.
Off topic. This is something I feel that I have to say going into the New Year. With all the money people make in their real trading accounts, please try to give back to someone in need. Me personally, I have noticed that nothing will make you happier or make you fell better as a person than helping someone who needs assistance. I personally feel that I have been blessed by God with the ability to make myself and other people good money.
And for years I was very stingy with my earnings. I just would spend on myself and family and could care less about what others are going through. Don’t get me wrong, I would spend stupid money on things I didn’t need. I would go out for a night with the boys and blow a lot of cash because I could. I was young and was having a great time doing it. I bought watches, cars, and house. Everything we all want and then some. But after all the money I had earned, spent and saved, I never felt better as a person than when I started helping others. Whether they ask for it or not.
Try this and let me know how it works. Every day no matter what, try to do something for someone else that gets them through their day a little easier. Try to make someone smile. If you see someone on the street asking for change, if you don’t give them money because you think they are going to go buy booze then take them into the deli or pizzeria and buy them a 5 dollar meal. If you know someone is having a tough time getting 50 bucks together for the electric bill, throw a 50 on their desk in an envelope and write down electric bill or something. Try not to tell your friends or coworkers each good deed you do. Let your actions do the work for you. I know times are tough right now. Trust me, I see it every day. But deep down we all know that we can give more today than we did yesterday.
All I am saying is that the majority of us on this website have the ability to go above and beyond for another person regardless if we know them or not. I promise you, if people see you doing something out of the norm for others, eventually they will do the same. Please just try to help somebody who needs it.
I know this website is not meant for this type of talk. But I don’t know any of you personally, so I really believe that if we do the right thing for others, you will experience blessings beyond your wildest imagination.
Now back to business as usual…..trade trade trade.
Good luck trading and God bless.
Top 1%
xdream
Dec 31 2008 at 1:09AM (EST)
I like your porsche...
Top 1%
xdream
Dec 31 2008 at 1:10AM (EST)
now seriously... interesting way to make money ! well said.....
Top 1%
guliamo
Dec 31 2008 at 6:00AM (EST)
I suppose giving your followers some good insights qualifies as a good deed.. :)
So let me see if I understand correctly.. If the market opens high - sell it short and leave before the end of trading... and the other way around?
Top 85%
aloysius
Dec 31 2008 at 11:34AM (EST)
It’s kind of difficult to explain without actually talking to you. The way I look at the market for the last 8 months is completely different than the past 6 years. I try to find the indexes that are weak for the day. The first thing I view for my trades is the charts. Now I know everyone does that, but I focus on the 5, 10, 15 and 30 minute charts. On my screen at work the 15 and 30 min chart goes back 4 days and shows all the trading gaps, resistance, support, volume and most important to me is the intraday and daily MACD. I watch for what’s getting hit hard. Find the etf or heavily traded stock that is down at least 4 to 6 percent for the day. When you look at the intraday charts think about this: if you had bought stock XYZ yesterday and now it is going down, where would you have your put your stop loss? Put your new buys at or below where the stop loss would have been if you bought the stock and that’s where you start to buy. Then I look at all the etf's and basically come up with about 8 or 9 different positions and then start piecing in. I strongly believe trading is all gut.
Without a doubt in my mind, there is the one thing that separates the great traders from the rest. GUTS!!! You have to have the balls and confidence in your ability to make money. You have to have that GUT feeling that this is the right trade.
I can not tell anyone why I buy what I buy, and when. I would be giving away my personal strategy that no one knows. It works so great for my clients and myself. Not even my business partner here at work knows exactly how I do it. Sometimes my clients ask what my criteria is and my answer to them is” Are you in or are you out”
No one knows my final move. And that’s because I am a PSYCHO!!! (You need to be crazy to be in this business). If another broker hears me talking to my clients about what I am buying, I will cancel the trade right away. I know that sounds nuts, but I swear that the minute another broker buys one of my trading stocks they go down immediately. They jinx my trade and the stock gets killed because they are all mushes. This is where my strategy came from. Do opposite what everyone else is doing. I try to buy the stocks that everyone else is getting killed in.
I really don’t mind posting my trades here because no one knows who I am or even my real name. I just hope that everyone who watches my trades does well. I hope you all know that I always piece into any position. I will never go in and buy 100 percent of my trade in one block. That is suicide. It usually takes me about two hours to complete a buy. Example: Let’s say I want to buy 10,000 SRS right now because the market has been rallying since 2pm on Monday. I will start buying SRS with the first order being 2000 shares, then wait for an additional pull back of 1 to 2 percent and buy an additional 3,000 shares. Wait a bit; if it pulls back more buy another 2,000. Keep buying down in separate trades. Then hold. Look at my trading history for fri to Monday and you can sort of see how I traded SRS for yourself. I had bought SRS for the majority of my clients on Friday afternoon between 55.40 and 56.05.I sold 85 percent of my SRS Monday above 63.10. And closed out the position yesterday at 60.40.
I am pretty good at timing my buys. So I thank god that I have the ability to move in and out in a matter of a day, or worst case 3 to 5 days if I have too hold the stock. And always know where support is on the 30 minute chart and stick to your stops or whatever strategy you use to protect yourself. Use short term charts for trading. Looking at a 6 month or a yearly chart does you no good if you plan on being out of a stock in a week.
Good luck and have a safe and wonderful New Years Eve.
God Bless.
Top 85%
aloysius
Dec 31 2008 at 1:12PM (EST)
See you guys are great to write back and forth with. I have got 2 emails and one post within an hour of my last post. I don’t know why some people get so mad and write such bad things to someone they don’t even know. I think we all try to help each other. I look at what you guys do and use it for trading. Some people on this website are just angry and bitter people. I said something about not letting anyone know what my last thing is before I enter a new trade, and people are so mad at me because of it. What the hell is the big deal?
But xdream, guliamo and the rest of you guys that I speak to all the time, I want to thank you guys for being normal and helpful people. I know I am not supposed to take what these people say too personal, but one guy just compared me to Bernie Madoff bc I wouldn’t reveal my secret trading weapon, lol. And honestly saying some crap like that is really offensive.
I am really thinking about not writing any more opinions on MarketGuru because I seem to make people angry. Maybe I come off as cocky or something, I really hope everyone knows that it is not my intention to piss you guys off. I write on here so I can learn new strategies and get new trading ideas from all of you. And I also enjoy helping the guys who need help with their accounts.
So if I don’t speak to you guys, I hope you and your families have wonderful new years. Be safe and have a drink for me.
God Bless...
Top 11%
strike
Dec 31 2008 at 1:18PM (EST)
Are you kidding me?!?!
I wasn't comparing you to Madoff! Also, I wasn't pissed or angry at your for anything. I appreciated you sharing your opinions and what you do in your trading.
Cheers