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I think like anything else, it’s a trading vehicle, that I might use from time to time. But it’s not something I want to hold for a month or more, as my understanding is that it doesn’t track well over long periods of time due to the compounding effect. I haven’t looked at a chart comparison...

short answer because I am about to sit down and practice guitar I will add to this later… I bought 1000 shares this morning at 47.72, ran up fairly quickly so I sold it at 48.78 45 minutes later at about 10:30 AM. Re-answered the trade in the afternoon had a quick profit but wasn’t quick enough...

assuming I understand , you mean after which candle would I short…. 1.After the third candle. 2. 100% in QQQ as it’s a trade and I want the volatility 3. Don’t understand the third question. of course this is all theoretical since I never shorted or traded for clients.

I assume the blue line is the 200 day MA? Don’t know what the orange sloping lines are, doesn’t matter. Based on a quick glance, one trade this year, in April, on both , sell.

I should add, SQQQ as a short, which is the onky thing I own in my trading account right now, bought this morning.

Initially, just Q’s, SPY, and more so, the 11 Sector Spyders

Probably strictly ETFs. Index and sector, ultimately maybe ultimately some more focused ETFS, like for example KWEB , XBI, GLD, just as examples. I think MAs have the same application to these as they do to individual stocks. But these instruments lend themselves to longer holds, in some instances.

Honestly, looking to trade on bigger picture stuff, trade less, hold longer, spend less time reading about and researching trading ideas. Want to continue using technical analysis, it’s helped me tremendously, but want to spend more time on guitar and working out

My interest in looking at the weekly charts actually arose from a video I watched…interview with Justin Smyth who is a trader that uses Stan Weinstein’s stage analysis methodology to trade.

I had 4 or 5 MAs on my charts, and yeah it was messy. So now I have 2 and it looks clean and easier to look at price. So I get what you are saying. still I find the MAs useful, for perspective if nothing else.

Thanks, pretty much what I’ve done. I have the 30 week, and the 200 day, just different colors to differentiate. And yeah always note the slope

I’m playing around with some ideas and have a question…. say I want to look at longer term time frames, trend following, and in terms of timing, position trading. So instead of daily charts, I set my chart to weekly. and I also want have a cleaner chart and want to stop looking at shorter...

This thread is confusing. Are you actually suggesting buying beaten up stocks with no momentum and holding them for months? Or even years? not saying it’s a bad idea, I’ve done it many times and made shitloads (over time, not overnight). But it’s weird to see that idea floated here. If that’s...

Get I meant to say that’s not what I do, as opposed to that’s all I do. Will try to fix but no edit button Damn Siri. I’ll never learn to proofread before sending when I use voice recognition

that’s all I do and I’m not daytrading I have a couple of positions on at a time I will hold them at least for a few days sometimes a few weeks once in a while a few months but I’m leaning more towards the longer time frames. I do most of it in the morning unless I have nothing else to do which...

I have a feeling he’s on a lot of ignore lists. back to the topic at hand CPRX is now $13.98. My break even is $14.40. #Goinghigher

thanks for the compliment (middle age). I’m a young 71. I like to rock and roll. I play blues guitar, work out on my Peloton, and still have sex. So I think I’ll continue to trade. It fits with everything else I do.LOL

Nah. I don’t get emotional about anything especially anything on Internet forums. Im just having my way with the guy, who just went back on my ignore list LOL when you turn 70, the onky emotion in your veins is when you play with your grandchildren. Morons are annoying, but not worth getting...

Actually, the low was $13.01 and that was at 9:50. You posted this at 10:41, at which time it was trading at $13.56. It’s 13.80 now. Which just proves that when I put you on ignore a couple weeks ago, I did the right thing, and my mistake was I ignoring you. But i think I’ll wait a while to put...

i know the golden rule is don’t add to a losing position. I think I bought the right stock, using a really bad entry point. I’ll add one more time if it gets to the 20 day (about a point lower) then bounces off it. I have to admit, your post made my laugh out loud. Thanks for the constructive...