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Post by blygh on Sept 1, 2016 15:20:23 GMT -5
Heading for the finish line | Rider | Horse | Open | Latest | Gain/Loss | Percent | Stop | Limit | Rank | | Tiarra | AMBA short | 69.60
| 71.78 | +2.18 | -3.13% | 73 |
| 6 | | Ira | LMT | 245.00
| 243.61 | -1.39 | -0.57% |
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| 4 | | SD | CYBE | 19.75
| 20.58 | +0.83 | +4.2% |
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| 1 | | Spiderman | UNT | 16.99
| 17.25 | +0.26 | +1.53% |
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| 2 | | Blygh | MYOK | 21.55
| 21.31 | -0.24 | -1.1% | 19 | 23 | 5 |
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| | Market | SPY
| 217.44
| 217.38 | +.06 | +0.% |
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Lead Change - SD back in the lead - Spiderman chasing
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Post by tiarra on Sept 1, 2016 19:04:58 GMT -5
AMBA dropped to 68.20 in the after market. We will see if it holds....
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Post by sd on Sept 1, 2016 20:02:39 GMT -5
i'M GOOD WITH THAT! I thought that was worth Noting!
Now that earnings are Out in the open, Price held up closing where it opened-despite some intraday weakness-I think I will go ahead with a Buy-Stop order-
I'll note that in the strategies thread.
Still a day to go- AHH- It will be the Jobs report tomorrow? I'll be at mine, so count me as 1.
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Post by tiarra on Sept 2, 2016 9:15:12 GMT -5
Glad you have a job SD! LOL! BTW, AMBA is holding on that down after market and is still down!
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Post by blygh on Sept 2, 2016 15:26:33 GMT -5
At the finish line | Rider | Horse | Open | Latest | Gain/Loss | Percent | Stop | Limit | Rank | | Tiarra | AMBA short | 69.60
| 66.99 | -2.61 | +3.75 | 73 |
| 2 | | Ira | LMT | 245.00
| 243.32 | -1.68 | -0.69% |
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| 6 | | SD | CYBE | 19.75
| 21.11 | +1.36 | +6.89% |
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| 1 | | Spiderman | UNT | 16.99
| 17.42 | +0.43 | +2.53% |
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| 3 | | Blygh | MYOK | 21.55
| 21.56 | +.01 | 0.0% | 19 | 23 | 5 |
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| | Market | SPY
| 217.44
| 218.36 | +.92 | +0.42% |
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SD takes the win despite an incredible charge by Tiarra from last place to second!!!!
Congrats SD
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Post by blygh on Sept 2, 2016 17:06:40 GMT -5
Total return # wins
| Rider | 7/16- 9/2/16 | Total wins 2016 | | Tiarra | -23.1% | 5 | | SD | -13.15% | 3 | | Ira | 14.2% | 8 | | Blygh | 20.39% | 4 | | Spiderman | 28.93% | 6 | Joe
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| 2 | | Bankedout |
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Post by sd on Sept 2, 2016 19:03:55 GMT -5
Thanks ! And good call Tiarra- Just a tad Early- Big red down day for Amba!
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Post by blygh on Sept 3, 2016 8:10:26 GMT -5
The volatility of Tiarra's pick, AMBA, makes the case for Buy Stops/Limits - opinions?? Next week DW long.
Bligh
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Post by sd on Sept 3, 2016 12:54:35 GMT -5
My 2 cents- Orders-Buy-Stops, stop-limits, limit entry,limit target sell, all are tools, that ideally will add some control over one's trading. Sometimes it favors you, sometimes not so much as when an order gets gapped over and moves higher without you.
I had been inclined to go long AMBA as it was uptrending, but was cautioned regarding the upcoming earnings- and so I held off.
When I saw the lack of a large negative response following earnings, I assumed that was the worst- But, instead of putting in a limit order to buy- or Market order, I put in a Buy-Stop- which meant price would have to move higher and pass $72.50 before it would become a market order to buy- (I also had a limit attached with that order.Possibly it was $73.00)
The Buy-stop acted as an insurance premium- I was willing to pay a bit of a higher cost to enter, and know that the trade had to at least move correctly-
Since i typically am unable to view the market during market hours, this type of order "waits" and reacts to Buy without me having to have my finger on the trigger-so to speak.
A buy-stop order should always be used in combination with a limit order- When The buy-stop price is exceeded, it activates the order, which then becomes a market order to Buy-If price had a large gap higher open, the order would fill near the high, unless a limit order is attached.
And Yes Tiarra, I Am fortunate I have a Day J.O.B> and that I don't have to depend on my trading prowess to put food on the table. It would be beans and rice, beans and rice- uh-oh
where are the beans?LOL!
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Post by sd on Sept 4, 2016 7:21:28 GMT -5
duplicate post
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Post by tiarra on Sept 4, 2016 13:19:52 GMT -5
Nice win, SD
yes, I am all about stop/entry limits, and think they should be adjusted daily.
PX long, stop at 118.75. This is a new strategy I want to try out, considering the earnings one stopped working so well. From looking at the chart, this isn't something I would normally go long on, but they have their ex-dividend date this week, so think there may be some buying which puts this stock over it's current resistance.
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Post by blygh on Sept 4, 2016 18:00:08 GMT -5
Instead of adjusting your stop loss or stop limit on a daily basis you can post a trailing stop loss/ stop limit in terms of a percent or dollars. For example suppose your pick sells for $20/share and you post a trailing stop loss of 10%. You will get sold out at 18 if the stock goes straight down. But suppose the stock goes to 22 first. In that case you would be sold out at $19.80 (22 - 10% X 22) = 22-2.2 = 19.80. You can also specify a fixed amount to stop or limit from a high - e.g. sell at a $2 drop - if the top is 20 - you get sold out at 18. If the stock goes to 25 first, you get sold out at 23. This saves you the trouble of adjusting your stops and limits.
I will place a trailing stop loss of 5% on my pick- DW long
Blygh
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Post by sd on Sept 4, 2016 18:45:08 GMT -5
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Post by Spiderman on Sept 5, 2016 7:29:54 GMT -5
Congrats SD.
I'll stay on UNT long this week.
Spiderman
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