hey Muddy I have a question about trading for you. I'm just starting out. How do you all do so many trades each day since it takes about 3 days for the funds to settle? I know your not under PDT but It seems like I'll need 50k-100k in a couple accounts even then it be hard to avoid trading with unsettled funds.
Nice comment on 9/4 from Muddy about the focus of this blog and the chat room.
Thanks everyone for the nice comments. We are trying to crank it up a notch as we go along. We are looking for NEW/FRESH plays all the time. Nothing wrong with the old same ones at all.it's just that ones that are "new" to you expand your stock knowledge base. You have to understand that almost all these "new" ones aren't new to me, I've been trading so long I know tons of stocks from the past. When they rear their head up every now and then it's nice to remember them...sorta like GBE today...an oldie I knew well in past. This is what we are trying to bring on,plus angles not commonly known for these under $10 stocks,pennystocking if you will.
5 comments:
SRZ - the lionmaster pump- got some good news AH and is up 60% AH
I was reading 13th's post on your GOS blog:
12. Both Muddy and I have been in the mutual fund CGMFX for a long time, good place we've found to park trading profits.
Do you still put money into this fund? Or somewhere else? Or just cold hard cash since even banks are failing now?
hey Muddy I have a question about trading for you. I'm just starting out. How do you all do so many trades each day since it takes about 3 days for the funds to settle? I know your not under PDT but It seems like I'll need 50k-100k in a couple accounts even then it be hard to avoid trading with unsettled funds.
Muddy
IMO for bear market reasonably calculate stat for Combo not High-Open but Open-Low.
So TRO filter it will be:
set{x1, Open - Low}
set{Short_Profit, x1/Low }
set{C1A, count(Short_Profit > .04 , 100)}
set{C2A, count(Short_Profit > .09, 100)}
set{C0010, C1A - C2A}
set{D1A, count(Short_Profit > .09 , 100)}
set{D2A, count(Short_Profit > .19, 100)}
set{D1020, D1A - D2A}
set{E1A, count(Short_Profit > .19 , 100)}
set{E2A, count(Short_Profit > .29, 100)}
set{E2030, E1A - E2A}
set{F1A, count(Short_Profit > .29 , 100)}
set{F2A, count(Short_Profit > .39, 100)}
set{F3040, F1A - F2A}
set{G1A, count(Short_Profit > .39 , 100)}
For CSE: for Long D1020 = 19, for Short D1020 = 29.
For NCT: for Long D1020 = 17, for Short D1020 = 33.
Feel the difference.
Mark,
If you are trading with a margin account, you don't have to wait for funds to settle. When you close a position those funds are available immediately.
Three day settlement only applies to cash accounts (IRAs for example).
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