Recent content by Fooze666

Thanks for the replies so far. Very helpful.

I'm new to trading and have been working on a few strategies trading paper for a few months now. I have one strategy that I believe is going to be profitable and another that is looking good but still too small of a sample to say anything certain. I'm using ThinkorSwim and have had some...

I was curious about opinions on general (or specific) stocks and/or industries that you think will move significantly up or down depending on the upcoming US election. What should we be watching if Trump manages to hold on? And what would you be keeping your eye on if Biden manages to come out...

Everything you said in the last few replies was very well put. I agree with all of it. I've always been interested in the markets and short term trading. I've tried a bit here and there before, but recently something has just hit me. I don't know what it is that got me going, but I've probably...

That's what I'm trying to do. :) I have had some success with closing trades when two TEMAs cross. When it happens, the order is triggered and the trade is closed immediately. I was just curious if others tend to wait for the close of the day or the next open, etc.

One more thing I'd like to ask you guys if I could. Regarding dynamic exit strategies that are based on moving average or RSI or whatever you might use as a trigger to exit other than a preset target. If the condition is met, for example, a moving average crosses, do you close the trade when...

That's the one I was reading. I see that he's written quite a lot about trading. Can any of you suggest what you think are his top 2 or 3 books? I definitely want to see more.

Good eye. It was from something written by Larry Conners :)

That's what I was thinking. It was a little bit of insurance to try to get in on the trade if there was a small gap but not go too far.

The overall context is talking about the testing of a strategy using RSI signals for entries and various exit methods. The basics are that if the RSI is at whatever number, enter a trade on the next day. The exact text: We looked at all stocks above the 200-day MA from 1995-2007 which had...

Hmm...I'll have to backtrack a little and see if I missed something in what I've been reading then. The way it's written in the book I'm reading, the author just seems to throw it out there like it's a phrase that's regularly used and everyone should understand. Thanks for the answer though, I...

This is my first post here and it's probably a dumb question to most of you, but I need to make sure I'm understanding this term correctly. I've been doing a lot of reading lately and keep seeing this similar terminology but no clear explanation of it. What does it mean if someone is talking...