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 Posted - 02/22/2012 10:42:19   |
quote:
Originally posted by tachyonv
Already made $.52 on closed FAS trade. Waiting on some others now.
FAS shows a Beta of 3.85 and Tradable Symbols shows Reject.
??
ant___ |
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| Posted - 02/22/2012 11:07:16 |
EDITED:
OPEN's Beta on MSN.com is 1.37 and Yahoo's Beta is 0.99.
Getting confused on what Beta is good Beta....thought <0.7 was good.
Does 'grandfathered' mean that the grandfathered instrument's Beta doesn't matter? |
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| Posted - 02/22/2012 11:18:29 |
quote:
Originally posted by tachyonv
FAS
is a grandfathered in ETF. ETFs have no betas in Yahoo Finance look up.
FAS is on my list of symbols posted earlier herein, ant.
Hey, Hook, you're making some money on this, congrats!
thnks for the trading method! |
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| Posted - 02/22/2012 11:19:03 |
ant
Reuters have OPEN with a Beta 1.01 and Yahoo have .99
For
this method, I understand we should be trading symbols with a Beta
value < .7 so that we are trading less risky stocks compared to the
market. I think this means if the market is going down these stocks
shouldnt be going down at the same rate and may even be rising.
This may help in understanding Beta values.
http://stocks.about.com/od/evaluatingstocks/a/beta120904.htm
P.S. Just learning this stuff myself so hopefully I'm not explaining things incorrectly |
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| Posted - 02/22/2012 11:30:55 |
quote:
Originally posted by split
ant
Reuters have OPEN with a Beta 1.01 and Yahoo have .99
For
this method, I understand we should be trading symbols with a Beta
value < .7 so that we are trading less risky stocks compared to the
market. I think this means if the market is going down these stocks
shouldnt be going down at the same rate and may even be rising.
This may help in understanding Beta values.
http://stocks.about.com/od/evaluatingstocks/a/beta120904.htm
P.S. Just learning this stuff myself so hopefully I'm not explaining things incorrectly
split,
Thanks for the refresher on Beta, very much.
My
poorly stated question was not confusion over what Beta was; rather, my
question relates to the method's rules. One of the rules is don't
trade unless the Beta is < 0.7. But, trades are being celebrated
whose Beta's were > 0.7. I am guessing that if the symbol is
grandfathered AND has a Beta > 0.7, then it is OK to trade
anyway....but am not sure of this yet. [Edited] Looks like tachyonv
posted on this while I was typing.
ant___ |
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| Posted - 02/22/2012 11:34:12 |
quote:
Originally posted by tachyonv
Closed NFLX at $.84 per share profit. No real reason to close at that price, just lightening up open positions.
Tachyonv, where did you get in and why ?
Mine
was mostly due to rising %R below LKC and a bit of a test with limit
order entry. Still getting used to the wide then narrow spreads and so
only trading with small size.
I think you mentioned previously you use limit orders for entry.
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| Posted - 02/22/2012 11:50:44 |
quote:
Originally posted by tachyonv
ant,
beta matters on down days, and down part of up days. On up days, does
not matter. I simply keep trading symbols which worked well in the past,
and which passed the screen sometime in the past...keep trading until
they fail.
tachyonv,
Please correct
me if wrong: On Up days trade anything on the grandfather list; and on
Down days, trade only the ones < 0.7 Beta.
Is the definition of "Up days" one of these? :
a. those days when the symbol is opening up.
b. those days when the general U.S. stock market is rising.
Thanks for the method,
ant___ |
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| Posted - 02/22/2012 12:52:11 |
PRGO 93.77@1015 to 1035 -0.50 exited where I should have entered
GILD 44.17@1015 to 1155 +0.33 tightened the profit take, didn't look like enough room for 0.50
NFLX 112.20@1105 to 1125 +0.80 widened profit a little, a little more and I would've miss
CSTR 57.55@1105 to 1245 +0.55
My automated strategies were all short today, so it was nice to balance things out with a few longs. |
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| Posted - 02/22/2012 13:47:39 |
This may be off subject a bit and tach if you wish for me to remove the post just say the word and I will.
When
reveiwing the k channel on several of the stocks indicated by this
method this weekend, I noticed if the price was "attacking" the channel
in a lot of cases this would be a good trade. If the channel came to the
price, then it was better to wait for an enter. We had an example of
each of these, this morning.
Now - disclaimer, listen to tach,
not me. He knows a lot more about this trading method than me. Do your
own analysis. I need to study this more.
Price Attacking the Channel:
Channel Coming to Price:
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| Posted - 02/22/2012 17:41:37 |
news maybe:
Change
is afoot in the flat panel display business, as Samsung Electronics
(SSNLF) today said it will spin out its flat-panel liquid-crystal (LCD)
display operations into a separate, wholly-owned subsidiary, and may
merge it with the Samsung Mobile Display unit that makes organic
light-emitting diode (OLED) screens.
Samsung and Universal Display Corporation have research relationships, but have no idea, really. |
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| Posted - 02/22/2012 18:00:54 |
quote:
Originally posted by tachyonv
Loss with PANL today. Can't win them all. No idea why PANL went south and stayed there.
Tach
Was PANL on your list from an earlier scan? its not on mine from last week and current Beta is > .7 according to Yahoo
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| Posted - 02/23/2012 10:50:23 |
Snap!
PRGO trade complete.
In at 94.00 at 09.40
Out at 94.52 at 10.40
Thanks to tachyonv for the terrific contribution.
Much obliged. |
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| Posted - 02/23/2012 11:23:53 |
RRC 9:05 Entry 65.89 10.05 Exit 65.27....+.58
Struggled at support....65.33
Enterd 1 or 2 bars to early and exited 1 bar to late
PRGO 9:05 Entry 94.18 10:05 Exit 95.01....+.83
For my first trades with this system....Hard to beat!!!
Both Sim |
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| Posted - 02/23/2012 11:23:56 |
It seems to me the key to this style of trading is being able to read the tape and being able to get in on limit orders.
I'm
not experienced in reading the tape and there doesnt seem to be much
written on how to do this, except practice, practice, practice.
Does anyone know of any good reading on this? |
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| Posted - 02/23/2012 11:28:51 |
GMCR +.57, PRGO +.67, RRC +.54, CSTR +.52, no losses
Thanks Tach, I might have to start scaling up on my sizes. |
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| Posted - 02/23/2012 11:52:16 |
Got
in too early on NFLX but tried again and made it back. Maybe if my tape
reading was better might have avoided the first loss.
Any tips appreciated.
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| Posted - 02/23/2012 12:46:49 |
| tach,
I haven't even gotten to 100 shares yet and I've already seen my limit
orders bounced off and even through by a cent or two. Once I build some
confidence I will scale up. I've never traded discretionary, only
automated, so I'm also a little clumsy at the orders. What Route do you
trade through? I've always used ARCX for my automated stuff, but I
just realized my order bar was set on Intelligent, and I just now set it
to ARCX. |
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