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1more4me » Profile

Active short term and trend trader. Willing to Risk big to Win big. Have owned common stocks 25 years but just started actively trading 5-6 years ago. Saw that brokers made too much commission and were to slow to react to my needs. I took it upon myself to go online. First year or so didn't really have a plan and didn't make or break any banks. Now- I've made returns each calendar year for the last 4 of over 200% a year. The record year being 630%. Have now hit a new high this year of 389% as of November 12th- so I'm hoping to break 400% for 2009. The vast majority of this years performance has been in just 4 stocks; SIRI, KSU, FCX, and X. Have played large lots in and out with a number of very well timed Short positions in KSU and X.

I LOVE paying capital gains taxes! The more I pay- the more I made!!! Every time I make about 100K- I pull it out and send it to other more long term investments. Even with an almost failsafe trading plan- I'm probably the most unsophisticated trader there is. The most significant rules of my game plan;

1) NEVER hold a stock beyond a 4% loss.

2) Always use Bollinger Bands with 3 confirmations- 5, 10, and 30 day.

3) Trust the Bid/Ask stacks for strength and use only if they provide a 2% margin.

4) Shoot for an 8% gain but take more if it's given.

5) Always remember Rule 1 from the peak- never give back more than 4% on a pull back.

6) Cash in hand is always better than a position with no direction or expected movement.

7) Trade- and trade ALOT! ((18 Green trades for 4% each = 100%))

Fundamentals vs charting- neither more than the other. I Pay less attention to numbers and rely VERY heavily on Market News and especially EMOTIONS. When others get scared and run- or get too excited on hype- either way- If they stretch the rubber band too far in one direction- I play it the other. Sure seems to be working!!!

Good Luck and GREEN TRADES!
Snapshot
  • Trader
  • Trading frequency: Daily
Interests:
  • Bonds
  • Dividends & Income
  • Mutual Funds
  • Options
  • Stocks - long
  • Stocks - short