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June 28, 2008


Animated Trading Lesson from the Box: Short SRP

Drop me an email if you’d like to join the club.

Chart last updated through July 1, 2008

SRP

Related: Animated Trading Lesson from the Box: Short UAUA

34 Responses to “Animated Trading Lesson from the Box: Short SRP”

  1. pete said:

    How many subscribers do you have?

  2. C. Maoxian said:

    pete: Not enough, but more than a dozen.

  3. Timothy Sykes said:

    people want premarket watchlists and real-time trading alerts…jut introduced TIMalerts 2 weeks ago and already have a few hundred subscribers

  4. C. Maoxian said:

    Tim: Think of me as the anti-Tim. :)

  5. Timothy Sykes said:

    I wanna be the anti-TIM…take out a hedge on myself!

  6. pete said:

    What software did you use to make these animated charts? They are superbly professional and very useful!

  7. @Timothy Skyes said:

    Are you trying to teach our Great Leader CM about people’s wants?

    Maoxian.com is persevering in serving the people wholeheartedly. It has no special interests of its own apart from the interests of the trading class and the broadest masses of the people. At all times Maoxian.com gives top priority to the interests of the people, shares weal and woe with them, maintains the closest possible ties with them, and persists in exercising power for them, showing concern for them and working for their interests, and it does not allow any reader to become divorced from the masses or place himself or herself above them. Maoxian.com follows the mass line in its work, doing everything for the masses, relying on them in every task, carrying out the principle of “from the masses, to the masses,” and translating its correct views into action by the masses of their own accord.

    Yours sincerely,
    Zhou E.

  8. Keith Shepard said:

    Nice. Beautiful trade. Again, your animated charts are very nice and a great way to illustrate your service and trades.

    =^.^=

  9. pete said:

    When you place a stop limit entry, how much difference do you put between the stop price and the limit price?

  10. C. Maoxian said:

    @pete: The animation software is called Ulead GIF Animator and it’s a Metastock chart.

    For bookkeeping purposes I use a penny, but I know every subscriber uses a different amount. A nickel is common. (Depends on the price of the stock, liquidity, etc.)

    @Keith: Thanks. I’ll make more and have one central page with links to them all at some point (2010?).

  11. KC Trader said:

    Everyone is still awaiting for the day Maoxian steps back into the trading markets himself.

    Sorry Tim Sykes, but if I was a “qualified investor”, which I am not, I would put my money on the Chairman over you. I am just a stupid fool who tries to listen and learn.

  12. Timothy Sykes said:

    I want the chairman–and every other investor–to signup to Covestor, it’s just sad that I’m number one on there…I’m really not that great, but it’s just sad that more people arent willing to share their trade openly

  13. C. Maoxian said:

    Tim: Do you submit actual trade confirmations to Covestor or is it an honor system kind of thing? I’ve never visited.

  14. Renato said:

    Hi Maoxian,
    Regarding to the animated chart, do you use simple MA to
    determine a trend? which one in this case?
    And do you use intraday lows/highs to your stops/targets or only close prices?

  15. C. Maoxian said:

    Renato: No, I use a sophisticated thing, but you can use whatever you’d like to determine trend as long as it makes sense and you’re consistent.

    For bookkeeping purposes, I say price must close beyond 1x, 2x etc. before adjusting the stop, though I know every subscriber does something different, including “touching” levels, not necessarily closing beyond.

  16. Timothy Sykes said:

    Covestor is like an auditor, they verify each and every trade with your broker by tapping in, no lying possible, its great for credibility and people cann track your trades…eventually gonna charge people to autotrade off your trades, see my account below:

    http://www.covestor.com/mbr/timothysykes

    and thats why i’m free to rip on everyone/say whatever i want cuz all that really matters is i make my subscribers/readers $

  17. C. Maoxian said:

    @Tim: Thanks for the explanation.

  18. MBA said:

    I’m really skeptical about all these subscriptions. If you know how to make money off of trades, then you do that. You wouldn’t need people to subscribe. I think you’re just another con man.

  19. Mike G said:

    MBA: Just think of the box as a tool! Have you ever tried to complete a project with the wrong set of tools? Did you ever think if I only had this tool or that tool my life would be a lot easier? Many people don’t have time to sort through 1000 stocks each and every day. The box just generates a list with trading ideas. For just over a dollar a day, I believe this list is a bargain.

  20. C. Maoxian said:

    @MBA: If I’m a con man, I’ve got to be one of the most open and generous the world has ever seen. :)

  21. MBA said:

    Yeah? How’re you generous? It’s okay though, I suppose all the little guys who are signing up and losing money are providing liquidity to the market.

  22. C. Maoxian said:

    MBA: I’m generous not to have banned you earlier for being an asshat (but you’ve been given the boot).

  23. Timothy Sykes said:

    MBA is just one of many who have been conned/scammed by the many BS artists this industry has become known for..like little abused puppies, they must be taught to trust humans again…Covestor cuts through the BS, if u don’t perform, nobody likes u

  24. C. Maoxian said:

    @Tim: Nah, he was just some asshat/troll trying to drive traffic to his MySpace page. :)

  25. Zoomie said:

    I have been following the Chairman since 2003. He provides invaluable trading insight. This is the first time I have seen him charge for any of his efforts. If you read his entire blog you will see that he is here to educate and help traders very unselfishly.

  26. C. Maoxian said:

    Zoomie: Where’s my money!

  27. Zoomie said:

    You taught me too well ;)

  28. sucks said:

    The box sucks like shit. Glad that you are terminating this pathetic service.

  29. Lawrence Chiu said:

    @sucks: Geez, you think it’s easy, you try starting a swing-trading ideas service. Give CM a break.

  30. C. Maoxian said:

    @sucks: The Box’s results are actually remarkably good given a wild market … swing trading has to be the toughest time frame to try to make a buck and it just wasn’t worth my time to keep up the grind of cranking out a daily newsletter. Thanks again for subscribing!

  31. blah said:

    Are there any other trading systems or newsletter services that you recommend?

  32. C. Maoxian said:

    @blah: Not really, but god knows there are enough of them out there. Marketwatch has a pretty good list of investment newsletters here. As far as swing trading newsletters go, I don’t think there’s any directory, and given my own experience with the Box ideas newsletter (now discontinued), I wouldn’t wish swing trading on my worst enemy. :-) Seriously, it’s not a time frame I’d recommend trying to trade.

  33. help said:

    Is the box still alive? Or did it crash like wall street? Mao I thought you are invincible.

  34. C. Maoxian said:

    @help: I discontinued the Box Ideas newsletter on August 31, thankfully.

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