Posted by: eminitrader April 29, 2007
Making Money with Eminitrader
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Well I was wrong on JDO. My analysis still seems to be correct but my calculation was off.I was looking at the RR, and tried to apply it to JDO which was a mistake. I use the RR to trade short-term and it seems to work well, but obviously did not work on the long-term. I exited out of JDO but I feel that we might have exited right around the low. I went back and looked at some of the picks to see what we could have done in order to capture the big swing while minimising the risks. I looked at Jhyalincha's picks too to see what characterstics those stocks had before their rise up. I think I have figured it out. We need to look at the weekly prices rather than the daily prices. This would have allowed us to capture the big swings. More on this later.
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