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I was wonder about the stops you set for the leveraged ETFs. Do you use your standard 2% to 3% loss limit, or do you increase it to offset the leverage volatility?

Don't feel discouraged and remember it's alright to sit on cash. I work in accounting and I view over 100 capital and financial statements a month. Let me tell you the professionals who run limited partnerships and venture capitals are giving the same returns as you are.

You're being too hard on yourself...the market hasn't made sense and you're still turning a profit. Congrats!

I love the fact you make confessions such as these. LOL (in good jesture)

Where do you guys find out the volatility of market sectors? Also do you know of a good website that provides performance (daily or weekly % up/down) for market sectors. I currently use a Bloomberg terminal at work, but do not want to depend on this solely for my trading as it may not always...

Correct me if I am wrong but NR7 is the shortest bar of the previous 7, and it indicates there may be a breakout. I was more on the track of tall weekly bars composed of equally small daily bars. By not having large daily price movements, there would be less of a chance of being stopped out...

That's the intention. My previous folly was to only scan the volatility for a single time frame rather than taking a both longer and shorter time period in consideration. It should weed out quite a few in the process.

In Strategydesk I have set up a scan based on the ATR (average true range). A portion of the scan is as follows: (((AvgTrueRange[ATR,14,D]) / (ExpMovingAverage[EMA,Close,14,0,D])) >= .04) I have created this myself, but it basically takes the ATR of the past 2 weeks and compares it to...

Thanks for the prompt and helpful reply. Two questions I still have: 1) You have mentioned you like stocks that are more volatile on a weekly basis, and less so on a daily basis. How is Telechart better than Strategy Desk at screening the volatility. I'm confused when you say "daily...

How do you rate the strategydesk scan as a substitution to the telechart scan if I do not have telechart? I use the strategydesk backtest scan as my primary scanner.

Hey Retire, reading about your trading is a breath of fresh air and gives hope and inspiration to those who are still struggling. I appreciate you explaining your thoughts that go into your trades. My issue is that I have been too complicated in my screening of stocks with about 10 - 15...