Comments on: 6th day of QQQQ short term up-trend; Worden T2108: 63% http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/ A stock trading blog by Dr. Wish Sat, 11 Feb 2012 22:28:10 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tom http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-610 Tom Fri, 27 Mar 2009 15:33:18 +0000 http://wishingwealthblog.com/?p=1482#comment-610 giuse, Thanks for questioning the use of the trailing stop loss. Dr Wish, Again, I'm a beginner. I'm assuming the use of a trailing stop loss on each amount invested. I'm trying to understand when you add your second amount of QLD as QLD goes higher. Do you wait until the gain from the first amount of QLD invested exceeds the stop loss percentage of QLD before adding the second amount (accumulating up)? Another approach would be to wait until the gain from the first amount invested of QLD exceeds the first stop loss percentage amount PLUS the calculated possible second stop loss percentage amount before investing the second amount (accumulating up). Thanks, Tom giuse, Thanks for questioning the use of the trailing stop loss.

Dr Wish, Again, I’m a beginner. I’m assuming the use of a trailing stop loss on each amount invested. I’m trying to understand when you add your second amount of QLD as QLD goes higher. Do you wait until the gain from the first amount of QLD invested exceeds the stop loss percentage of QLD before adding the second amount (accumulating up)? Another approach would be to wait until the gain from the first amount invested of QLD exceeds the first stop loss percentage amount PLUS the calculated possible second stop loss percentage amount before investing the second amount (accumulating up).
Thanks, Tom

]]> By: giuse http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-608 giuse Thu, 26 Mar 2009 18:08:34 +0000 http://wishingwealthblog.com/?p=1482#comment-608 Tom, one should not keep the stop loss stationary at the same place. What I do is TRAIL the stop loss upwards as the price goes up, and always by the same 5% (or 7%) below current price. Perhaps WISH does that too. Tom, one should not keep the stop loss stationary at the same place. What I do is TRAIL the stop loss upwards as the price goes up, and always by the same 5% (or 7%) below current price. Perhaps WISH does that too.

]]> By: Tom http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-606 Tom Thu, 26 Mar 2009 14:24:42 +0000 http://wishingwealthblog.com/?p=1482#comment-606 My question has to do with the increasing risked amount in a position vs. the stop loss amount. After purchasing a position in QLD do you wait until the amount of the position gained is more than or equal to your possible stop loss amount before accumulating more QLD? Otherwise, your amount risked increases with the same stop loss percentage as you accumulate additional amounts of the QLD. A possible 5% stop loss of an original amount of $10,000 is $500 (10,000x.05), accumulating up say another $5000 now a total 0f $15000 the amount risked is $750 ($15000x.05). How do you protect against this situation a you accumulate more of QLD or do you just take on more and more risk? Thanks, Tom My question has to do with the increasing risked amount in a position vs. the stop loss amount. After purchasing a position in QLD do you wait until the amount of the position gained is more than or equal to your possible stop loss amount before accumulating more QLD? Otherwise, your amount risked increases with the same stop loss percentage as you accumulate additional amounts of the QLD. A possible 5% stop loss of an original amount of $10,000 is $500 (10,000x.05), accumulating up say another $5000 now a total 0f $15000 the amount risked is $750 ($15000x.05). How do you protect against this situation a you accumulate more of QLD or do you just take on more and more risk? Thanks, Tom

]]> By: giuse http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-605 giuse Thu, 26 Mar 2009 14:21:31 +0000 http://wishingwealthblog.com/?p=1482#comment-605 But Mr Wish, you've been saying this is a little rally in a long-term downtrend bear correction! Nevertheless, your indicators FINALLY show uptrend, and you have missed 50% of this rally leg. You had the DOW high volume (that you require for a bottom) since mid February (look at the DOW graph). As one example, I've held Allegiant Travel(ALGT 42.99 today) from my entry at $33.00 one month ago! BTW, this stock quadrupled its revenue @ 21% higher. Earnings reached $18.2 million, or 88 cents a share, from $4.8 million, or 23 cents, in the year-earlier quarter. Revenue rose to $122.4 million from $101 million. There are many others like this stock, just to show you have been missing the boat. But Mr Wish, you’ve been saying this is a little rally in a long-term downtrend bear correction! Nevertheless, your indicators FINALLY show uptrend, and you have missed 50% of this rally leg. You had the DOW high volume (that you require for a bottom) since mid February (look at the DOW graph). As one example, I’ve held Allegiant Travel(ALGT 42.99 today) from my entry at $33.00 one month ago! BTW, this stock quadrupled its revenue @ 21% higher. Earnings reached $18.2 million, or 88 cents a share, from $4.8 million, or 23 cents, in the year-earlier quarter. Revenue rose to $122.4 million from $101 million. There are many others like this stock, just to show you have been missing the boat.

]]> By: Dr. Wish http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-604 Dr. Wish Thu, 26 Mar 2009 13:46:10 +0000 http://wishingwealthblog.com/?p=1482#comment-604 I am not sure I understand your question. As long as the QQQQ is in an up-trend I go long the QQQQ index by buying the ultra long QQQQ ETF, QLD. How much and how often I buy depends on my willingness to take on risk and how extended the QQQQ is from the moving averages I monitor. I always have a stop loss in case the index violates the moving average. I am not sure I understand your question. As long as the QQQQ is in an up-trend I go long the QQQQ index by buying the ultra long QQQQ ETF, QLD. How much and how often I buy depends on my willingness to take on risk and how extended the QQQQ is from the moving averages I monitor. I always have a stop loss in case the index violates the moving average.

]]> By: Tom http://wishingwealthblog.com/2009/03/6th-day-of-qqqq-short-term-up-trend-worden-t2108-63/comment-page-1/#comment-602 Tom Thu, 26 Mar 2009 03:05:59 +0000 http://wishingwealthblog.com/?p=1482#comment-602 Dr Wish, I am a beginner and have been enjoying this web site. I don't understand how to safely put into practice the mechanism for your statement, "I am slowly accumulating QLD as this up turn strengthens". I've looked through the articles on you site, but can't find the mechanism described. Is it described in one of the texts on your site. The only text I have that might describe it is "How To Make Money in Stocks" by O'Neil. Thanks for your site and any help you can provide, Tom Dr Wish, I am a beginner and have been enjoying this web site. I don’t understand how to safely put into practice the mechanism for your statement, “I am slowly accumulating QLD as this up turn strengthens”. I’ve looked through the articles on you site, but can’t find the mechanism described. Is it described in one of the texts on your site. The only text I have that might describe it is “How To Make Money in Stocks” by O’Neil. Thanks for your site and any help you can provide, Tom

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