2012-07-W1

snowrider

tang1688 发表于 2012-7-6 05:32 PM
Hi Snow laoda !!

   I knew you bought SPY,FAS,,,, today at market closed price , would you tell ...

That is really a Hundred Million Dollar Question that everyone has her own answer.  The basic rules are as the following:
1. You need to know WHY you enter a position
2. Then you need to know when to give up your assumption in above rule #1.  In other words, you need to know in what market situation that your position is a mistake one.

snowrider

snowrider 发表于 2012-7-7 02:16 PM
That is really a Hundred Million Dollar Question that everyone has her own answer.  The basic rule ...

http://perfectew.blogspot.com/20 ... ace-stop-order.html

"You know that we are applying Elliott Wave analysis to our trading.  When a trade is being entered, it has to be based on some wave count assumption.  Since we have an assumption about how and where the wave should go, we know when our assumption beocmes invalid.  In other words, we can validate our assumption against the Elliott Wave Principle.  Now you know where the stop order should be placed - the stop order should be placed at (or behind) where our assumption becomes invalid. ..."

snowrider

tang1688 发表于 2012-7-6 05:32 PM
Hi Snow laoda !!

   I knew you bought SPY,FAS,,,, today at market closed price , would you tell ...

Let's come back to your question about where to place the stop orders for SPY, FAS, and TQQQ.  How about this ... I'll tell you later about where my stop orders are.  I would like to hear from 各位同學 (should you have a long position) where the stop orders should be placed.  Let's make this an open discussion.  Please 踴躍發言!

busted

6/25 low is obvious the stop price, but the loss is kind of big if the current count is invalidate.

时时是好时

我心理上的stop价位是在上升通道的下沿，后面一两天应该在1330左右。而且如果真到那里还打算加一点仓。由于进入的多仓仓位不大， 实际我可以忍受到6/28低点。如果是这种情况，波形要重新数，打算乘后面的反弹出货。

snowrider

busted 发表于 2012-7-7 03:45 PM
6/25 low is obvious the stop price, but the loss is kind of big if the current count is invalidate.

busted - Yes, I agree with you that the low of 06/25 is very far.  If we get hit there, the loss is relatively big for a short term trade.

snowrider

时时是好时 发表于 2012-7-7 05:30 PM
我心理上的stop价位是在上升通道的下沿，后面一两天应该在1330左右。而且如果真到那里还打算加一点仓。由于 ...

时时是好时 - "... 1330左右 ... 加一点 ..." is a good idea for a long term position.

snowrider

偶一直覺得倒限單的位置因人而異  並且迷信地覺得那是個見光死的東西  就是萬一說出來市場主力就會過來把它吃掉  除非偶已經不在乎某一個倉位了(e.g., TLT)  那偶就會無所謂地說出來 (e.g., TLT 06/20's low)

言歸正傳 ... 這SPY到底要守哪裡?  偶們做一個trade必定有2個東西: 期待值 及 風險值  The rule of thumb is 期待利潤 >= 承受風險 (至少等值或者2倍3倍4倍5倍...)

snowrider

tang1688 发表于 2012-7-6 05:32 PM
Hi Snow laoda !!

   I knew you bought SPY,FAS,,,, today at market closed price , would you tell ...

tang1688 - Based on the rule above and the wave count of this week, we can make the following bets if we entered last Friday (SPY @ 135.49):
1. 倒限單守 134.85 以下 -> 獲利點至少在 136.13 以上 (135.49+135.49-134.85=136.13)
2. 倒限單守 132.79 以下 -> 獲利點至少在 138.19 以上 (135.49+135.49-132.79=138.19)
3. 倒限單守 131.28 以下 -> 獲利點至少在 139.70 以上 (135.49+135.49-131.28=139.70)
4. 倒限單守 130.85 以下 -> 獲利點至少在 140.13 以上 (135.49+135.49-130.85=140.13)
...
Then you know where to place the stop order to make the trade reasonable.

tang1688

snowrider 发表于 2012-7-8 05:28 PM
tang1688 - Based on the rule above and the wave count of this week, we can make the following bets ...

I try to learn 5 wave but have not got whole picture yet ,,,,,
I do appreciate you share your idea , thank you very,,,much