皮蛋's topic on trading techniques

yager

这些时间点比较有意思，后来需要好好注意一下。蛇老大讲底部反转的时候说大资金经常3点入场。

QQQ

原帖由 yager 于 2008-10-26 12:11 发表 这些时间点比较有意思，后来需要好好注意一下。蛇老大讲底部反转的时候说大资金经常3点入场。

 

from 2:30-3:30 all possible, enter and exit :-)

bokchoy888

Thank you QQQ for the invaluable comments. A lot of them are the fundamentals written in most TA books. As a frog myself, it seems I keep forgetting these rules from time to time. Question for you, what do you think of 10am ? I notice a lot of time MMs gun down the limit orders or raise the price up to let the amatuers chase before 10am.

QQQ

原帖由 yager 于 2008-10-26 12:09 发表 这种实战讲解非常有用。操作是最关键的，预测是其次的，并不是预测对了就赚钱。偶要好好学。

 

Correct, many people saw right but did wrong. stay clam is important. sometime first bad move distroys entire day or many days because emotions carry that out. Stay calm and love both sucessful and failed trades

QQQ

原帖由 bokchoy888 于 2008-10-26 12:16 发表 Thank you QQQ for the invaluable comments. A lot of them are the fundamentals written in most TA books. As a frog myself, it seems I keep forgetting these rules from time to time. Question for you, ...

 

I usually wait after 10am to enter a trade. I know first attempt reversal within first hour have most chance to fail.

yager

非常对，操作的时候要冷静，这很关键。上次1016.5烧ES就是这样，ES一直上涨到1050多的时候，我看图觉得没有问题，一定要跌，还算冷静，第二天开盘之后棒棒们开始上下翻腾，围绕入点闪挪腾移，我就开始晕了，也忘记开始的分析了，一生气就割了，错过了拿大利润的机会。这是个经典教训。

greenbean

the best post in HT on DT. Many thanks.

lzh1974

thanks

tobetrader

Thank you QQQ very much to share your valuable experience. May I ask how long have you used this trading system? what is the rate of winning vs losing trades so far? Does the system work for swing trade (I mean multi days) style or it is better for DT.

 

Thank you QQQ again.

 

 

QQQ

原帖由 tobetrader 于 2008-10-26 13:47 发表 Thank you QQQ very much to share your valuable experience. May I ask how long have you used this trading system? what is the rate of winning vs losing trades so far? Does the system work for swing tra ...

 

Example 3: A swing trade system using 15 mins charts

 

tobetrader

Thank you QQQ to respond so quickly! Can I use this trading system to watch an ETF's enter/exit point, but trade the call or put options of the said ETF. I do not know which is the right option to trade (e.g., use ITM or OTM option, if use OTM, how far?) If I follow your system to stop loss at previous low, how do I setup the corresponding stop loss level in the option (call or put). Do you have such experience, I wish I can learn more from you or ppl here in HT.

 

Again, many thanks

 

 

QQQ

The chart above said "The exit above 92 was a gift", not many traders can do that, exit and re-enter because the signal have not crossed to exit the long trade after enter at (2) point. let the profit run until next signal is OK.

QQQ

Option is most complicated way to trade. without deep study and a few years of successful trading experience, Option is dangerous, it does require a lot more self-control and discipline. Personally I do not trade options when VIX above 40. these days with VIX remain high, and most option IV even above 100, such increasing risks and pressure on options are not everyone can handle. if you do decide trade options, pick ones that IV you still can bear. and watch mkt very closely. and take profits cut loss quickly. No not hold options over weekend, especially right after OE Friday, front month Options can down 20% on Monday even underlaying stocks remain flat and VIX remain the same.

tobetrader

Thank you QQQ for your advice !

 

 

 

H_T

thanks for sharing your experience.

wxw

good job

GreedKills

Thank you so much, QQQ. you teach people how to fish intead of giving them fish (most of the time we frogs got hurt by the fish because our skills do not allow us to handle a hot fish). trading with a system (entry/exit) is most important to avoid losing shirt. yet it's hard to be desciplined (harder than developing a system). human nature makes us go with wishful thinking because cutting loss is so painful. once you hesitate and miss the exit point, you'll soon be miles away from the entry and your head just ends up with a big mess full of fear & desperation. also, setting correct stops is very very difficult. i strictly used stop loss order before. but one time i lost quite a bit money because a 20% gap-down open triggered my stop order yet later on the stock soared. i was deeply hurt by that trade and then gave up stop loss orders. i thought i could use mental stop instead. but it didn't work either because emotions then took over. maybe the current crazy market is only good for DT. thanks again, QQQ. you are such a nice guy. God bless you.

tobetrader

GreedKills brought up a good point about a stop loss (cover) with gap down (or up) situation. Does anyone have a good suggestion to handle the swing trade situation? or just simply close the trade by the end of day. 

Thanks

QQQ

原帖由 tobetrader 于 2008-10-26 17:19 发表 GreedKills brought up a good point about a stop loss (cover) with gap down (or up) situation. Does anyone have a good suggestion to handle the swing trade situation? or just simply close the trade by ...

 

Gap up and down is difficult situation to handle, >60% of cases mkt will attempt to try at least 1 time to close the gap or part of the gap so they can exit their position. MMs do not like to get caught with their pants down. for me I just simply exit position everyday, But in the case when I do get caught with Gap ups and gap down, if the gap is the direction I like (make me more profit) I will exit my position right way. If the gap is against me, I wait to see if there any attempt for MM to recover some part of the gap within first hour, then exit the position to keep peace of mind. There is always chances to re-enter. You can use Fib number for the gap recover, and see if they can recover 0.38, 0.5, or 0.618. Above 0.5 Fib is considered strong recover and you can set stops slightly below 0.38 Fib. If you do set GTC stop and stopped out right at open, don't panic, stay calm, mkt always gives some sort of chance to let you re-enter if your analysis and mkt sense is correct, Do NOT let a few points to ruin your day, make your blind, and drive you crazy on next few trades (the situation like this might lead more mistakes and panic)

[ 本帖最后由 QQQ 于 2008-10-26 17:51 编辑 ]

小咪

VERY GOOD POST