Posted by: eminitrader April 27, 2007
Making Money with Eminitrader
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JDO was a tough one, it seemed to do good the first few days but after that you know the story. This is part of the game so it is very necessary to understand your attitude towards risk and your risk tolerance. This is where the principle of BET SMALL comes into play. There was another pick XLNX around late March that is doing good. I beleive it was trading around $25 that time and now it is at $30. I noticed that I was using the short-term strategy to trade the long-term too which obviously does not seem to be working. I am back-testing a weekend strategy, where you run the scans on weekend and open a position on Monday, then you put your stop and every week depending on the market you change your stops. This should take about 4-6 hours a week and has the tendancy to capture the big swings. I will post those when I have time.
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