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My Trading Strategy
I trade fast moving stocks, higher priced. AAPL, OIH, and GOOG are a few examples.
My goal is to take as much money as I can in as little time as I can from these stocks. Trades can last seconds to a few minutes, or longer if I catch on to something really good.
I trade on the 1 minute timeframe, using a 20 and 50 Simple Moving Average of the stock price and use those to determine trend, as stock prices will usually bounce off of these lines while trending.
My primary times of placing trades are from 10:00 to 11:00 EST and 2:00 to 3:30 EST.
It's all quite simple really. I'm looking to make at least twice as much in a winner when compared to a loser, and I don't hesitate getting out a position if I feel it's going to go the wrong way.
I don't have strict rules to my trading, I just use mainly instinct and smart decisions.
That's how I get the job done.
If you feel like sharing how you get the job done, please do
I like to pic a stock that many newbies are trading, high volume, and in the long run will be strong. My strategy fits well with these types of stocks because they are so sensitive. For example "AAPL" is known by every household across America. With that said you get a ton of newbies trading it because they have a mac computer or think the iphone is cool. So the stock is more predictable and strongly correlates with the media reports. AAPL has sky rocketed and at the same time taken dives every other week due to this. Which is what I want because I trade on the derivatives. Buy the valleys and sell the peaks. The huge risk with AAPL or really any consumer centric stock I hate is if there is another 9/11 incident AAPL will be work 12 dollars a share. Anyway, what are your thoughts on this strategy?
"I trade on the 1 minute timeframe, using a 20 and 50 Simple Moving Average of the stock price and use those to determine trend, as stock prices will usually bounce off of these lines while trending."
Could you elaborate on this? And how successful has this been for you?
Hello,
I am trying to put together a collection of trading strategies on my website, wikistock. I started a feedback group on Tangler. Is there anyone here who might be interested in helping get this started. I think it would be a great way to collect these strategies and make them easily referenced in the future for us and anyone else that could benefit from them. I'd really enjoy hearing what you think of the site so far.
Thanks.
Yep, I'd be keen.
