General Discussion · BEHOLD THE HOLY GRAIL
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Eman93 msg #145781 |
12/30/2018 10:25:06 PM
K,
I will always have some kind of stop loss usually below the last swing low on the daily.
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General Discussion · BEHOLD THE HOLY GRAIL
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Eman93 msg #145746 modified |
12/28/2018 10:38:58 AM
This is the same type of way I trade, I have not made millions though.
I use RSI 3 < 90 to indicate oversold condition.
I use 3x etfs, I hold for 2 days, take half or all profits at 3%,(depends if I am with the trend) and will swing the rest.
TZA TNA
TQQQ SQQQ
I try and buy at support and sell resistance.
I use daily and weekly charts to find those areas, could be moving average, price volume, point and fig charts mostly.
I dont know how you would program that into a back test?
some times I will hedge overnight.
I think the entry makes the trade.
So the next big set up using this system would be:
SPY 259-260 and SQQQ RSI 3 < 90, would also love that SPY 260 be a nice fat gap up at the open. I will take profit at a gap fill.
I also use daily pivots to hone in on a good entry, I consider moving avg.
This is a sound way to trade, but very hard to program, I dont think you can just flip the switch and print money.
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Stock Picks and Trading · 2019 Watch list
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Eman93 msg #145727 |
12/27/2018 10:03:00 AM
Pick 5 stocks or ETF's you think will be winners.
Gold and Silver are looking good, I have some PSLV and added to it yesterday
Amazon is always the monster in the room, if it comes down to 1000 that would be a 50% retrace
Pandora at 5.
Pot stocks have pulled back anyone know of a good one?
SPY at 213
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145570 |
12/14/2018 6:26:41 AM
I guess a pence White House and dem Congress getting priced in. Lol
And pending Gov shutdown.
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145566 |
12/13/2018 2:21:48 PM
Not many buyers today? AAPL getting some bids.
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145552 |
12/12/2018 12:16:13 PM
Santa rally in progress
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Stock Picks and Trading · SPY
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Eman93 msg #145527 |
12/10/2018 7:43:58 PM
https://stockcharts.com/freecharts/pnf.php?c=$SPX,P
2600 is a good buy point IMHO
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145526 |
12/10/2018 7:39:25 PM
TNA, FAS hit oversold today. Looking for a good entry on TNA and FAS. watching 1450 on the RUT
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145227 modified |
11/9/2018 8:27:02 AM
Typo on that EDZ not ewz. Short emerging markets. Classic wipsaw on the 7th
It still gets me every time. I am swinging some TZA.
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Stock Picks and Trading · Intraday Alerts
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Eman93 msg #145201 |
11/5/2018 11:51:47 PM
TZA and EWZ oversold.
If dems win the house one would expect a sell off.
One thing I have learned is the market will do what it wants
Trade what you see not what you think.
Always look to fade the open gap and don’t chase ever.
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