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Thread: Rolling stocks anyone ?

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    Senior Member witt's Avatar
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    Default Rolling stocks anyone ?

    Just curious does anyone swing trade or roll stocks ? For thoses that don't know this works under the assumption that certain stocks trade within a range. Based on looking at stock charts if a certain stock tends to have a floor of 10 and a ceiling of 12. You try purchase the stock at somewhere near 10(but not below) and sell somewhere around 11.50. Then you keep an eye the stock and if it goes back down to 10 buy it again. At the risk of sounding like spam there is a website that focus on stocks like this( if you ever watch cnbc you probably know the site)

    Edit: I just wanted to mention you do have to be careful and do resarch buying a thats is on a downward trend can be very dangerous. I never try to buy at the bottom I wait until I see some possitive movement.

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    Default Re:Rolling stocks anyone ?

    Witt I saw on another thread that you have a Schwab account, have you ever checked out CyberTrader (it's owned by Schwab), they've got some great software that can help with these types of trades. The software does most of the work for you, you should check out the website or call Schwab and ask them about it.

    http://www.cybertrader.com/



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    Senior Member witt's Avatar
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    Default Re:Rolling stocks anyone ?

    Thanks I'll look into. I have been curious us the differences. I am not a day trader I only make 10-20 trades per month. Is there a min number of trades ? Now I am using two computers online together one running Street Smart Pro and the other running Velocity(also a schwab program).

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    Default Re:Rolling stocks anyone ?

    Witt, I've used both Velocity and Street Smart and I honestly think you'd be blown away by CyberTrader, it's some cool technology. I don't recall the trading requirements but I now they've loosened them in the last several years with the slowdown in trading. I highly recommend it.

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    Banned Melonie's Avatar
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    Default Re:Rolling stocks anyone ?

    There are many many "schools" of investing based on technical analysis of past stock price movements. These stem all the way from crossing the 10 or 50 day moving average, to high/low Bollinger Bands, to parabolic functions, to some really extreme proprietary models which investing gurus charge clients beaucoup bucks for. Hell, there's even one proprietary model which is based on planetary positions (and which has done rather well BTW)!

    I do not use any of these systems based solely on technical analysis of past stock price performance. Why ? Primarily because a "system's" ability to predict future stock prices is only as good as the equivalent business scenario which previously existed the last time that particular stock changed direction. With today's extremely low interest rates, rapidly dropping US dollar, "jobless" economic recovery, and existing US stock price/earnings ratios, IMHO today's economic conditions are essentially unique (well maybe not so unique compared to 1930-31-32). As such, I'm much more swayed by an analysis of the FUNDAMENTALS of a company rather than the technical analysis of their past stock price movements which may in fact have no basis of correlation whatsoever to future price movements.

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    Senior Member witt's Avatar
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    Default Re:Rolling stocks anyone ?

    Thanks R_H I checked out the link and called a rep. I like what I have seen and heard, but I have some positions that I need let come to term before I can change accounts.

    Mel I agree that we are in unique economic times. I will say that I have been following the website for the past nine months and have done quite well, but during the same I could have done quite well by picking stocks out of a hat.

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    Banned Melonie's Avatar
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    Default Re:Rolling stocks anyone ?

    Quote Originally Posted by witt link=board=6;threadid=5619;start=msg61044#msg61044 date=1073412187
    Mel I agree that we are in unique economic times. I will say that I have been following the website for the past nine months and have done quite well, but during the same I could have done quite well by picking stocks out of a hat.
    Well, I won't quite go so far as say that picking stocks at random is as good as some other methods, but with all of the "market tinkering" which takes place because of the Fed, investment banks, mutual fund managers etc moving huge amounts of money in and out of the system it's really hard to depend on basic fundamentals either. After all you never know which CEO is going to be indibted next!

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