Comments on: Salesforce.com (CRM) http://www.uglychart.com/2006/10/25/salesforcecom-crm/ Beauty is in the eye of the shareholder Sun, 07 Sep 2008 04:00:37 +0000 http://wordpress.org/?v=2.6.1 By: uglychart.com » Blog Archive » Ugly 2.0 - AKAM, HANS, TWTC, ADM, JOYG, BRCD http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2401 uglychart.com » Blog Archive » Ugly 2.0 - AKAM, HANS, TWTC, ADM, JOYG, BRCD Tue, 31 Oct 2006 23:07:51 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2401 [...] My trading has completely turned around since I became allergic to losing money and started closing my trades “too soon.” I started trading like that last Tuesday and in the six trading days since then, I have had only one down day. Maybe it is a coincidence, but I don’t think so. I feel much more in control. It feels great. I’ve decided to post all of my trades today to give an example of what my trading is like. First I bought AKAM just after 10:30 at $47.04. After it spiked up, I sold 40% at $47.47. It kept going, so I sold another 20% at $47.58. I wanted to hold the rest into the close, because I thought there was a chance that AKAM could run, but I closed the rest of the position around noon at $47.35 because I didn’t like the feel of the market. [...] [...] My trading has completely turned around since I became allergic to losing money and started closing my trades “too soon.” I started trading like that last Tuesday and in the six trading days since then, I have had only one down day. Maybe it is a coincidence, but I don’t think so. I feel much more in control. It feels great. I’ve decided to post all of my trades today to give an example of what my trading is like. First I bought AKAM just after 10:30 at $47.04. After it spiked up, I sold 40% at $47.47. It kept going, so I sold another 20% at $47.58. I wanted to hold the rest into the close, because I thought there was a chance that AKAM could run, but I closed the rest of the position around noon at $47.35 because I didn’t like the feel of the market. [...]

]]> By: ugly http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2323 ugly Fri, 27 Oct 2006 04:02:25 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2323 brad: my original 1R stop was below the 10:30 candle. I bought it just before 11, because it started to move up (I was waiting to buy a break of the 10:30 candle, but it moved before 11). em: yeah, I was still trading off of the 30-min charts, although it is kind of hard to tell because I bought before a break over the 10:30 candle, and I sold when I wanted. I trade off of the 30-min candles, but I'm trying to be a little more flexibile. terry: yeah it's kind of like that - if it doesn't go in your direction right away, maybe get rid of half. brad: my original 1R stop was below the 10:30 candle. I bought it just before 11, because it started to move up (I was waiting to buy a break of the 10:30 candle, but it moved before 11).
em: yeah, I was still trading off of the 30-min charts, although it is kind of hard to tell because I bought before a break over the 10:30 candle, and I sold when I wanted. I trade off of the 30-min candles, but I’m trying to be a little more flexibile.
terry: yeah it’s kind of like that - if it doesn’t go in your direction right away, maybe get rid of half.

]]> By: Terry Zink http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2322 Terry Zink Fri, 27 Oct 2006 03:54:06 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2322 Zoomie, ugly, So what you are saying is that 1R would be your automatic stop (say, a limit order entered that is ready and waiting) if the market made a big move against you, but if the market slowly drifted down to 0.5R, you would pull out then. Is that about right? So, if you bought a stock at 50 and you set your stop at 45, if it kind of hung around 50... 51... 49... 49.5... 48... 47.75... 47.25... you would then exit there, correct? Zoomie, ugly,

So what you are saying is that 1R would be your automatic stop (say, a limit order entered that is ready and waiting) if the market made a big move against you, but if the market slowly drifted down to 0.5R, you would pull out then. Is that about right?

So, if you bought a stock at 50 and you set your stop at 45, if it kind of hung around 50… 51… 49… 49.5… 48… 47.75… 47.25… you would then exit there, correct?

]]> By: em http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2315 em Thu, 26 Oct 2006 20:30:24 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2315 ugly... good luck with the new strategy. Personally, the one minute chart is way too quick to make a rational decision for me. Why don't you let the candles formations determine your exit? For instance, on the chart you posted on how you would've traded the past few months... I see a clear exit on a break of the 6th bar low. The big drop on the 6th was a reversal sign. A break of that low is confirmation. You would've may a little dough or broke even. ugly… good luck with the new strategy. Personally, the one minute chart is way too quick to make a rational decision for me. Why don’t you let the candles formations determine your exit? For instance, on the chart you posted on how you would’ve traded the past few months… I see a clear exit on a break of the 6th bar low. The big drop on the 6th was a reversal sign. A break of that low is confirmation. You would’ve may a little dough or broke even.

]]> By: Brad http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2308 Brad Thu, 26 Oct 2006 11:12:09 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2308 Hey ugly, just wondering what your entry and stop criteria were? This looks less like the dummy method and more like chart reading (buying as it breaks out of consolidation on the 1 minute chart.) Where was your stop? Thanks man. Hey ugly, just wondering what your entry and stop criteria were? This looks less like the dummy method and more like chart reading (buying as it breaks out of consolidation on the 1 minute chart.) Where was your stop?

Thanks man.

]]> By: Glenn http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2303 Glenn Thu, 26 Oct 2006 05:44:58 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2303 I found this point noteworthy... " Trading is a losing game, and the best loser is the big winner." I found this point noteworthy…

” Trading is a losing game, and the best loser is the big winner.”

]]> By: Zoomie http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2301 Zoomie Thu, 26 Oct 2006 04:20:19 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2301 Sorry to belabor the point, but here is the quote from the Phantom himself, "If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If you wait until the market proves the position wrong, you are wasting time, money and effort in continuing to hope it is correct when it isn't." Sorry to belabor the point, but here is the quote from the Phantom himself,

“If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If you wait until the market proves the position wrong, you are wasting time, money and effort in continuing to hope it is correct when it isn’t.”

]]> By: Zoomie http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2300 Zoomie Thu, 26 Oct 2006 04:00:54 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2300 Terry: The point I got from The Phantom's book is the trade has to prove itself correct in order to keep it. If it does not prove itself, then remove the position. Do not let the market remove the position for you. When you remove the position if it is not acting correctly, it can happen at any given R value, negative or positive. I will use Ugly's CRM trade for an example (I am not shy to point out his trades as I share all mine-good and bad ;).) The trade took off right away. Obviously it was acting correctly in the beginning. Looking at the chart, (I know hindsight is 20/20), when was the trade not acting as a good trade should? My view is that it was not proving to be a good trade anymore before his 1 R loss was hit. Terry: The point I got from The Phantom’s book is the trade has to prove itself correct in order to keep it. If it does not prove itself, then remove the position. Do not let the market remove the position for you. When you remove the position if it is not acting correctly, it can happen at any given R value, negative or positive. I will use Ugly’s CRM trade for an example (I am not shy to point out his trades as I share all mine-good and bad ;).) The trade took off right away. Obviously it was acting correctly in the beginning. Looking at the chart, (I know hindsight is 20/20), when was the trade not acting as a good trade should? My view is that it was not proving to be a good trade anymore before his 1 R loss was hit.

]]> By: ugly http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2299 ugly Thu, 26 Oct 2006 03:09:09 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2299 terry: good question, but no - I will put my stop at 1R. So I am willing to lose 1R, but I will try to be careful and lose no more than 0.5R. The worst case scenario is that I make a trade, put in my stop, and it turns immediately and hits my stop. I would then lose 1R. But if it goes in my direction at all, I'd like to get out before it hits the full 1R stop. QQQBall: thanks - check out zoomie's trades on <a href="http://www.movethemarkets.com" rel="nofollow">movethemarkets</a> - he links to the pdf. terry: good question, but no - I will put my stop at 1R. So I am willing to lose 1R, but I will try to be careful and lose no more than 0.5R. The worst case scenario is that I make a trade, put in my stop, and it turns immediately and hits my stop. I would then lose 1R. But if it goes in my direction at all, I’d like to get out before it hits the full 1R stop.
QQQBall: thanks - check out zoomie’s trades on movethemarkets - he links to the pdf.

]]> By: Terry Zink http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2298 Terry Zink Thu, 26 Oct 2006 02:55:29 +0000 http://www.uglychart.com/2006/10/25/salesforcecom-crm/#comment-2298 I have a question about your trading strategy. If you plan to only lose 0.5R on losing trades, wouldn't 0.5R become your new de facto R value? I have a question about your trading strategy. If you plan to only lose 0.5R on losing trades, wouldn’t 0.5R become your new de facto R value?

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