Originally Posted by orange

i guess part of this thread is to sometimes explain "why" we did what we did, as Bruce just did. so...
what today illustrates perfectly is something i've said before when ppl ask the difference between quant and t/a. the difference is raw speed. when time matters i go with t/a (unless i already have a reporting algorithm for that issue and just plug price into it). when i have time, i prefer quant. early morning i pm'd scmfinance that i was quanting and watching mainly HRCT and CCOP.
HRCT ran 23% above open, CCOP 36% up from wednesday close but gave no entry point. but while waiting for confirmation of HRCT starting a run, along came greencat with SCRA. for SCRA i had no reporting algo. but i had what i considered a reliable source saying take a look. speed counts. t/a time, so i looked. i could see it was go-time. in the minute or so that passed, SCRA had already run from .83 to .90 (where i got in). the 3-min chart kept me in- all signals northbound. i couldn't see the top but jumped out on 1.03 bid to preserve definite >10% gain. that's it.