Well this week was not that great. I think I messed up by scaling out of FCX. Well I followed my plan and looking back I still think I made the right decision as I thought we might be getting ready for a nice drop. My OSG trade really hit me in the butt pretty good. Amazing how just one loss can...
Today we took TWGP long @ 32.62 with 1R at 348.72. Position size is 197 shares and stop @ 30.86. We are looking for 34.38 as initial target. Stops will be adjusted off close only if position moves in our favor.
Well did not see today's action and notice FCX did more in our favor and so we will now adjust stop @ 78.64. Our short in OSG is not going well and so stop still in place from entry. I've not looked into any opportunities for tomorrow as I'll miss the action again. This weekend I plan on going...
Well leaving OSG stop as is and moving FCX stop @ 75.43. I could have got more out of this but followed my plan and sold near target. Still got a small position or 1/2 left.
I won't be near my screen tomorrow and do not have any opportunities tonight to speak of. Where we go from here is...
Iâm not really a good market predictor, as it shall do what it does. I do however notice a negative divergence in stocks making new 40-day highs. This chart shows the green line showing the divergence. Yellow is S&P500 and Red is just the RS of the 40. It does flag a caution signal to me and...
No youâll be fine because it is your sys.. You trade it you know how it behaves in good times and bad. Heck the website is full of guruâs selling the ultimate system for 5k. Those who buy it think it is the grail.. Not true another problem is most will not stick with any one system long...
In all reality you could give your system to 10 traders and I bet all ten would have different results. In fact I bet a few would do poorly. Unless your system is fully automated.. Too much emotion involved.. I bet if 10 people on this site got in a stock at the exact time and with the same...