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WHEN WE ARE HAVING A MARKET SELL-OFF It is difficult to be agnostic. Hell, we've had what- 6-7 weeks of relative upside since that last sell-off- and that was a bit nasty- good buying opportunity though - if one got lucky- If there is a plan in place to exit, one has to have a plan...

I put in some sell orders in the investment account yesterday pm, reducing some positions- Since they are mutual funds in that account- they only execute at the market close and not intraday-- I will be putting in additional orders today to further reduce some of those positions- but not...

Well, on the bright side I am freeing up cash-perhaps cutting some potential losses on the downside due to stops being hit on these recent entries- Today SSO sold at the open- It actually sold $1 lower than my 127 stop- at my stop limit.126.00 fill-126.01 also the gap lower open. 130.91...

Trying to get both charts: a candlestick- and a Renko

I was stopped out today on 2 positions- My very recent entry in TQQQ $103.78 stopped out today -fill $99.99 for a 3.7% loss on the position, and about .4% against the port value. TQQQ was a leveraged trade on the qqq's. The stop was set based on the recent swing low pullback that...

PERIOD G: What is noticed here is that price did not smoothly decline lower under the descending ema after the weekly stop was hit. There was a whipsaw entry, that stopped out the next day- then , there was a very large bullish engulfing candlestick, that also met the entry signal...

pERIOD F -SSO SHARP DROP ON THE WEEKLY SIGNAL-RIGHT AFTER MAKING A NEW HIGH The daily reentry gives a single valid earlier entry signal- there was also no "almost 'signals suggesting a potential for a whipsaw entry. The conventional stop below the entry signal bar would have been fine as...

CHART WILL BE PERIOD E COMPARING SIGNALS ON THE WEEKLY to using a similar reentry signal on the daily, with a close above the ema. This is also using the 5 ema in this example on the daily as the signal line- but it could be anything one selects- The closer the signal line is to price- the more...

In this closer look at the past year- F & G periods- there were 4 declines and reentries based on the "rule". the reentries did not make gains - all lost compared to the prior sell stop execution. What is also obvious from the chart, is that a more astute discretionary trader would have...

lOOKING BACK over this same chart, and following through with a bit of chart "backtest" of the raise a stop on a red bar close under the ema, reenter after a bullish bar closes higher above the downtrending bar, & above the ema- This approach underperformed the Buy and Hold approach by...

SSO WEEKLY LOOK BACK- Just for extremes- I am looking at a 3 year weekly chart of SSO- plugged in a very fast 3 ema along with a 30- The 3 hugs price very tightly- At first, I wanted to compare the % move above the 30 ema to see what the gaps % are in average- as a indicator of...

My understanding is : Leveraged ETF's also rebalance daily - some will not match the underlying over even a relatively short period of time- This degradation vs the underlying likely varies between the leveraged ETF's you use- some are worse than others- The trade is ended Daily in the 3x...

Congratulations on making a decision on a method to employ and the determination to give it time to work- and evaluate! A big Step to your future success!

Time is a limiting factor as several have pointed out- to me on this and other forums- I will try to fast forward in my new position- SSO following the SPY with some leverage- I actually have not done any homework on this yet- so I have some personal assumptions- but will try to not be too...

Got out of work early- apparently a good jobs report and the Dow is approaching 18,000- just closed above 17,000 5 months ago they say! It does not seem prudent to jump into new positions as the market is making new highs- but the rally of the past 6 weeks left a lot of folks waiting...

mY BUY-STOP was not hit by intraday price moves today- That is the advantage of having a buy-stop higher and expecting it to be filled with a major move. the downside is that you give up on a higher entry fill the larger % loss on the trade if it turns. In this example, since i am...

Thank you for posting your thread - I have benefitted from your sharing your personal experiences, as well as from the insights of those who have contributed-all wanting to see you succeed (myself as well) A lot of beneficial input has been shared. Since a lot of credible traders would...

Getting busy with late work hours- I had several orders waiting for CURE today- one was limit to Buy lower, and the 2nd was a buy-stop -limit- And i had a gap down limit in case of a flash crash- I added back 1/3 Cure at 135.04 average cost now raised to $112.11. Since i had my available...

i WAS READY TO SHOW That the faster ema approach- dump the 10 & 30 and instead look at a 2 & 30- would turn the losing 10-30 approach into a winning 2-30 approach- I still believe that there is some truth to be found there, but not in this example of CURE during that period- The lack of...

Trade in UVXY stopped out today on the opening 2 hr bar- Actually got a very nice execution on my $21 stop at $20.96 Predominant trend rules again- So, perhaps this micro example suggests- If taking a trade that is countertrend- expect that trade to fail rather than succeed- and- in this...