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Yeah AMC GME yesterday wtf nice runs. I got 2 points winning daytrade AMC 42-44 but should've gotten more. Late day huge runs are rare.

Absolutely, especially on slower days. I like 9:35-10:30 best. Though I also nailed AMC breakout this afternoon

The two most important things I found about ta: - using range and volatility are the most important things to consider, and - using simple chart patterns and indicators is a complete epic fail; you need to combine it with market internals (vix, trin, in vs out day) and risk management. Also...

Mixed results today, the market is very range-bound and choppy. Some wins, some stops. Good volatility in charts like EDU

Should be interesting.... I'd never buy TSLA up here myself (not a reco)

I called TSLA top back at 885 https://www.elitetrader.com/et/threads/tsla-is-toast-epic-selloff.354650/

here's my initial draft framework; i'll post test results periodically, lmk if any ideas, thx aug 2021 tests +-o OTO trail stop tight/.4: OTO trail stop wide/lod initially, then tighten: OTO hard stop tight: OTO hard stop wide/lod: OTOCO b=sell limit/target c=hard stop: OTOCO b=sell...

Right re last half hour inverses.... directionals SOXL LABU strong early

Thx, didn't know that.... will sell most into strength right beforehand, dodge the gap up or down

I'm long SCO for swing and will scale up if crude keeps dropping

test setup OTOCO all or nothing trail vs hard stop setup, if i have it right:

For daytrading stocks with trailing stops, key variables to test include Market/big picture: - time of day, day of week, current 3day trend, in vs out day, trin, vix Trade-specific: - pattern, minor 2dh gap continuations are best - size of trade - amount to use (.2 - $1) for trailing stops...

Interesting article especially re divergences

Hi.... for swings I start all positions small, under 1k eg 50shares or less of a $20 stock. Then I add/double at 2day high breakouts, or scale out at 2day lows.

All very true. My purpose in printing out charts was to help develop the rules to use. Such as differences in patterns that work best vs stop out. Following rules takes discipline. For example I bought UVXY eod yesterday bc one of my rules for trading it is to buy when it closes down...

I thought this time would be different because the fed headline driving sell pressure. Lesson learned, follow the rules no exceptions. To help with that I'll be doing a lot more automated trading with OTO trades.

Good point, one strategy I found really helpful in my early years was to print out examples of winning trades versus the stop out trades and look for differences between each group of charts. I put the stop outs in red binders and the winners in green binders.

in the red a bit today on most of these... grr holding over wkend

im buying uvxy here if gets > 25.04 for wknd hold you may be right, we're near ath

i'm buying a bit o uvxy here if it bounces over 25.04 into the close :D (not a reco) epic 9% drop have to remind myself, buy the dip/sell the rip ... when it looks terrible is best time to buy this punk, very counterintuitive