February 27, 2008
Seven Trading Ideas for Wednesday, February 27
The Box came up with seven ideas for Wednesday: six shorts, one long. There are only two more days left in the “free trial” so enjoy the freebies while they last. Of the 11 longs suggested on Monday, seven are already at breakeven or better.
Trading Ideas for Wednesday, February 27
So far I am on track to convert about 1% of the members of the free list which is not unusual according to the article I posted about yesterday:
“A typical online site follows the 1 Percent Rule — 1 percent of users support all the rest. In the freemium model, that means for every user who pays for the premium version of the site, 99 others get the basic free version. The reason this works is that the cost of serving the 99 percent is close enough to zero to call it nothing.”
In my case, the “basic free version” is the blog and the premium version gives the short-term trading ideas. For every one reader who supports the blog through their subscription, 99 read it for free. And of course it doesn’t work (meaning the blogger can make decent money) when you have only a couple thousand regular readers. How ’bout them apples?
February 27th, 2008 at 11:04 am
Is there a post where you at least vaguely describe how the ideas are generated?
February 27th, 2008 at 11:42 am
Mike: No, but the Box as I understand it searches for swing-based patterns in anticipation of catching the next leg of the move. I have to be vague because I don’t understand precisely how it works myself.
February 27th, 2008 at 3:06 pm
how much trailing stop loss is recommended once 200 ini risk is reached?
February 27th, 2008 at 3:47 pm
thinketh: For longs just below the lows of up bars and for shorts just above the highs of down bars. Check out the ABC posts for further clarification.
February 27th, 2008 at 10:28 pm
since I’ve been aware of your site and email trades I know every so often you will post an update of sorts of the recent past. since I’d like to follow the Box’s achievements in the future (I’m not at this time subscribing) I’d suggest a post something to the effect of “How the Box did for the week of __-__-__” here in the future, i see it as a way to keep the ones of us who sponged but are not yet biting on the sub to give us pause on our decision. Good Luck.
February 28th, 2008 at 5:31 am
doug: “Sponged but not yet biting,” I like it. :) Yes, I plan to put out a monthly chart book which details every trade with annotated charts and the exact numbers, and am currently working on December’s.
February 28th, 2008 at 11:17 am
Thanks for your explanation!