shillllihs
6,102 posts
msg #153579
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8/14/2020 2:06:27 PM
RIGL $5 next week, maybe.
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Grescha
3 posts
msg #153585
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8/15/2020 6:59:22 AM
Well Shill, I commend you with sticking to this for 7 years and 418 pages worth of notes. You seem mostly spot on. I've not read through all 418 pages yet so forgive me if this is somewhere in there. What is the general basis for your system?
Thank you.
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shillllihs
6,102 posts
msg #153596
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modified |
8/15/2020 7:54:00 PM
Hey welcome since you might be new. Some will think you are me posting but I’m guessing you might be an existing poster but it’s ok. I don’t want to disclose my current system since I sell it elsewhere, but it includes EMA, OBV and acceleration bands. I am constantly evolving. I will tell you though what kept my system TQQQSQQQ at the top of Collective2 for 4 months before it flattened out because it simply stopped working.
Basically if my memory serves me right, I would swing trade leveraged ETFs from below lower bollinger band and sell when price crossed above upper band and red candle crossed back below upper band.
But I would flip it and use the inverse as a guide so start at the top and sell when it dropped below lower band and crossed back above. This was more reliable. When it didn’t work, I would cut my losses and move on. I would focus on all kinds of bands mostly and look for patterns. I also have a great instinct that cannot be taught. No need to buy and hold if you can swing trade. But you can maybe sell 70% and buy back in. I also have learned how to scale out of positions on the way up, this kept drawdowns low. That’s all I’ve got.
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shillllihs
6,102 posts
msg #153597
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8/15/2020 9:03:59 PM
I think I’m about to buy some NIO for the long term. The TSLA of China, going to 150 or who knows.
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Grescha
3 posts
msg #153615
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8/16/2020 9:01:25 PM
Thank you for responding. I've been using stockfetcher for a few years on and off but I never posted in the forums so in that respect I am pretty new around here. It sounds like your success comes down to more trusting your system and discipline and knowing quickly when it wasn't working. That seems to be the formula for most traders that are successful for any amount of time, and a skill I am trying to cultivate.
Hopefully the next downturn we all make it out alive.
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shillllihs
6,102 posts
msg #153619
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modified |
8/17/2020 11:15:22 AM
Thank you and good luck.
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shillllihs
6,102 posts
msg #153620
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8/17/2020 1:17:45 PM
RLFTF UP about 80%. It’s hilariously amazing.
Time for some Coffee and a dip in the pool.
Side note, I can’t find any free sites that have Acceleration bands.
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Mactheriverrat
3,178 posts
msg #153621
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8/17/2020 1:36:08 PM
http://www.freestockcharts.com/platform/v1
Its a older version of Freestockcharts.
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shillllihs
6,102 posts
msg #153622
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8/17/2020 7:03:30 PM
I tried freecharts both on iPad and iPhone but still won’t let me in.
I got to update my iPad.
SF doesn’t support certain stocks like RLFTF etc. If listening, can you guys add this symbol?
Or maybe it’s too small.
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shillllihs
6,102 posts
msg #153627
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8/18/2020 5:53:51 PM
Bought a pump and dump I guess ARSN at .0018 now .0058 after hours.
Be nice if this ran to a dollar but won’t happen.
In Santa Barbara with the wifey. 3hour drive, starving.
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