agree 100%. It is "nice to know" and not need to know. BCTby BigChartTrader - Trading Discussion
I couldnt disagree more. $2500 is an excellent starting point and a place where you could buy 1 maybe 2 contracts and be comfortable making trades so you would grow into larger positions.Im not sure if anyone was like me, but I lost that $2500 several times before I got myself out of the way and began treating it like a business and not a get rich quick hobby. If money is the issue you can alwby BigChartTrader - Trading Discussion
1. It was outside the TBB and 2. I do have an indicator that I use for both entry and exit that I havent heard anyone speak on this forum. I have no idea how to set it up as it was "pre loaded " by Gary when he emailed me the RTP workspace.It was learned in the RTP course material. I typically dont get Happy in Seattle, I trade untill exit criteria exists. Thanks, BCTby BigChartTrader - Trading Discussion
no, but the 233 is roughly complete around my lunch which is good enough for me.by BigChartTrader - Trading Discussion
rebwayne My verbage was broad and not specific to the MA trade I referenced. I find a "trade"(HRFP/FP) and the look for verified indicator support or resistance on the next largest chart time frame. If it makes it easier to understand: Daily entry on 9/5 Weekly- candle body sitting on 8 MA/ histogram improving Monthly MACD wide open BCTby BigChartTrader - Trading Discussion
I do not look for any FP or HRFP on the weekly when I make a daily trade. GW said to find "indicator verified resistance or support". Example would be the indicators going straight down but the wick of a candle hits the 20 day MA and the daily indicates a trade up, then I would pull the trigger on that trade against the weekly bc I have indicator (daily) verified support of that 20 dayby BigChartTrader - Trading Discussion
I buy at the money 95% of the time. Example GOOG trades @ 888 then I would buy the 890 option if available. In the Fall Winter I pick 1 to 2 trades that typically last 4-5 months. I will buy well out of the money for those trades. FOr example, if GOOG were ready for a FWTZ move and trading at 888, then I would buy the 950 call. BCTby BigChartTrader - Trading Discussion
Congrats on the wedding. That is what you need to focus on. The stock market is always further down the list than most make it. BCTby BigChartTrader - Trading Discussion
I really dont know if anyone is interested in posts of big chart trades but I assume someone out there does so here goes.... MA Daily entry 9/5 Exit Today $629 to $671 NKE Daily entry 9/4 No exit criteria exist I am not advising in any way to take these positions and again, I am not licensed and Do NOT INTEND to. This is solely my opinion. BCTby BigChartTrader - Trading Discussion
I would recommend reviewing the the Vault section of GW material, anything about the way Buffett trades, and Trend Commandments is pretty good. GW repeated himself many times that this is a "long term thought process for a short term result". His material would be best to review of any that I mentioned. BCTby BigChartTrader - Trading Discussion
Thanks Darcy. Cant help but to notice that particular trade was against the grain of the market. DO you require the market to be in your favor to make the trade? BCTby BigChartTrader - Trading Discussion
Darcy, I dont trade this way but I am a "trade junkie" so I break everyones trades down in this forum just to understand. THe way I trade is VERY boring and I have to have a reason to open Qcharts. BIIB 9/5 I dont see a fat pitch or HRFP on the 21 or the 55. I see a perfect E on the 3 a messy E on the 5 and no E on the 10. Just want to make sure I am breaking the same thing down tby BigChartTrader - Trading Discussion
TCB For the 233 to indicate a trade (as it appears it did) the daily would also have to be in accordance, which it is NOT. Therefore, no trade. Daily no where near the TBB and I dont think I would commit up or down based on the weekly. Also, assess your market calendar. BCTby BigChartTrader - Trading Discussion
Are you watching the indicators or the price? It is a learned trait to be patient in the stock market however the alternative for me is to lose a lot of money consistently trading small charts. Im not very good with any chart less than a 233. I typically prefer a weekly daily trade. Just understand when you trade a DAILY chart then that trade takes DAYS to manifest and become profitable. Dontby BigChartTrader - Trading Discussion
swingman, Thats awesome its working for you now. Hope you add a lot of value to this forum. I think there are many different ways to bake the cake and if Garys didnt work for you then I am glad you kept working and found one that did. God Bless, BCTby BigChartTrader - Trading Discussion
Action chart is not required. It COULD be a more defined entry point but if you are trading big charts then it isnt vital to do that. When GOOG moves 50 pts why would it matter if you got a 2 pt better entry than I did? Daily or 233 trade with the weekly going your way. You wont trade as much but you will be right more.by BigChartTrader - Trading Discussion
I dont use an action chart. Are you a GW student? if so, what level?by BigChartTrader - Trading Discussion
I look at the weekly but just to know the possibility of where the stock will eventually end up. The trading decision is either the daily or 233by BigChartTrader - Trading Discussion
I havent initiated a post in some time but feel like a simple posting of big chart trades on one specific stock would help anyone that was struggling trying to find trades on big charts. Also, I wanted to post exits as well in hopes that your confidence might grow to stay in the trade. GOOG 4-19 $799 5-17 $909 233 entry/daily exit call 5-22 $889 6-6 $864 daily eby BigChartTrader - Trading Discussion
JTrader I would be unwilling to do that as I see that as a very personal account. I completely understand wanting to see hard evidence that it will in fact work as forecasted. What I am here to tell you though is, that it will not work as forecasted. In my opinion, that would be far too easy. It takes a number of years to acheive any success with this and a number after that to achieve what yoby BigChartTrader - Trading Discussion
Jttader: No disrespect at all but I am wondering how that would make you a better trader if you saw a spreadsheet or trade log that was successful? BCTby BigChartTrader - Trading Discussion
I will probably never buy stock. I am not good at that at all. I don't think I have the patience for that. Personally I am beginning to believe most folks will only be great in one leg of GW's three legged stool. So if you plan to retire by trading you better save...pay off everthing you have and save...and not get overboard...and save. Darcy You are a great trader and contributor howeverby BigChartTrader - Trading Discussion
This is not intended to be negative at all and only my opinion. It looks like you are trying to trade big charts. Im not sure what chart you entered on but there is no way to determine a direction on a daily intra day. It has to be complete, for the day, to make an educated decision. Also, the price of the option should never be considered while in the trade if you are trading big charts. When yby BigChartTrader - Trading Discussion
To the best of my knowledge Gary teaches to buy at least 5 months of time in Options trading.by BigChartTrader - Trading Discussion
my guess is that you havent been patient enough yetby BigChartTrader - Trading Discussion
I enter on the big chart with the knowledge that the small chart could back up on me. Typically if you read the chart correctly the most it should go against you is about 4 hoursby BigChartTrader - Trading Discussion
233 LNKD HRFP 6/13 afternoon candle. Daily and weekly in support of the move as well.by BigChartTrader - Trading Discussion
I concur with your mentorby BigChartTrader - Trading Discussion