Comments on: Interview with Tim Knight, Prophet.net http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/ Improve your trading! Sun, 07 Nov 2010 23:29:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Tim Knight http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9864 Tim Knight Wed, 21 Mar 2007 16:09:38 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9864 Oops, there's another question: "Also, do you have particular setups that you look for, or do you just get a feel for directionality in a stock you’re following and ride the moves?" It's more of the latter. I love classic patterns, such as head and shoulders or domes. Every chart is unique, but a good set of trendlines and, in some cases, Fib retracements will tease out the likely direction and stop prices for a stock. Oops, there’s another question:

“Also, do you have particular setups that you look for, or do you just get a feel for directionality in a stock you’re following and ride the moves?”

It’s more of the latter. I love classic patterns, such as head and shoulders or domes. Every chart is unique, but a good set of trendlines and, in some cases, Fib retracements will tease out the likely direction and stop prices for a stock.

]]> By: Tim Knight http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9863 Tim Knight Wed, 21 Mar 2007 16:08:31 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9863 To respond.... + The position size is 5% of my equity Umm, it occurs to me that's the only question! Thanks for checking out the interview; it was fun. To respond….

+ The position size is 5% of my equity

Umm, it occurs to me that’s the only question! Thanks for checking out the interview; it was fun.

]]> By: Prospectus http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9858 Prospectus Wed, 21 Mar 2007 13:07:38 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9858 Thanks, B2C. Also, Livermore suffered from depression, which is why he didn't die happy. People think of him as just a prolific short seller, but in reality he was just as gifted in and apt to take the long side. He always wanted to be positioned in the direction of least resistance, as he called it. He's famous for shorting the 1929 crash, but he went short months before that as he saw a top in the market and a change in the underlying fundamentals. A true trader! His financial downfall was an inability to follow his own excellent trading rules. In that sense, I see a lot of similarities between myself and Livermore. Learn from the great ones, both what to do and what not to do! Thanks, B2C.

Also, Livermore suffered from depression, which is why he didn’t die happy. People think of him as just a prolific short seller, but in reality he was just as gifted in and apt to take the long side. He always wanted to be positioned in the direction of least resistance, as he called it. He’s famous for shorting the 1929 crash, but he went short months before that as he saw a top in the market and a change in the underlying fundamentals. A true trader! His financial downfall was an inability to follow his own excellent trading rules. In that sense, I see a lot of similarities between myself and Livermore. Learn from the great ones, both what to do and what not to do!

]]> By: Born2Code http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9828 Born2Code Tue, 20 Mar 2007 16:39:58 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9828 Prospectus: i cannot speak for Tim, but following his blog and this interview i am fairly certain he is talking about position size of 5% and NOT risk. Also the charts he posts reveal a lot about his approach to trading. i have not been reading him for long, but so far i can tell that is looking for topping formations that are breaking below long term support. Tim: i believe Livermoore did become filthy rich shorting stocks... not that it helped him die happy. Prospectus: i cannot speak for Tim, but following his blog and this interview i am fairly certain he is talking about position size of 5% and NOT risk. Also the charts he posts reveal a lot about his approach to trading. i have not been reading him for long, but so far i can tell that is looking for topping formations that are breaking below long term support.
Tim: i believe Livermoore did become filthy rich shorting stocks… not that it helped him die happy.

]]> By: Good to Go Pile . . . « Trading for the Masses http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9822 Good to Go Pile . . . « Trading for the Masses Tue, 20 Mar 2007 14:53:07 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9822 [...] Tim Knight Interview [...] [...] Tim Knight Interview [...]

]]> By: Prospectus http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/comment-page-1/#comment-9814 Prospectus Tue, 20 Mar 2007 12:50:47 +0000 http://blog.stocktickr.com/2007/03/20/interview-with-tim-knight-prophetnet/#comment-9814 Tim, Do you mean you risk losing 5% on an equity trade, or that your position size is 5% of your equity? Also, do you have particular setups that you look for, or do you just get a feel for directionality in a stock you're following and ride the moves? Thanks! Tim,

Do you mean you risk losing 5% on an equity trade, or that your position size is 5% of your equity?

Also, do you have particular setups that you look for, or do you just get a feel for directionality in a stock you’re following and ride the moves?

Thanks!

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