Quote from iriekity:
I am selectively buying (going long) stocks down 9-10 days in a row and looking for the turn.
Quote from maggandre:
How is FMKT a stock that is down 9-10 days in a row?
disclosure - I am long FMKT from 5.64, as I think it has put in a bottom. The action today is nice, as it breaks above the 34DMA and a three day high. I am not "flaming" you, just curious as to how this fits into your parameters outlined above.
Quote from iriekity:
I realized after posting that I had gotten in FMKT from a different strategy, but not the one I am posting for this journal. I still like that trade it is just not in this exact fit. Thanks for catching that.
Quote from maggandre:
Thanks - looking forward to your journal.
One last question - how do you calculate a 75% pullback from the low - don't you have to have a swing high for that? Do you just use the most recent?
Quote from iriekity:
I am going to start a journal of a strategy I am trading live. I am selectively buying (going long) stocks down 9-10 days in a row and looking for the turn. Buying on 75% Pullback from lows and the stop is at new lows. Here is what I am in right now.
From last Thursday
FIC
CMRG
EMKR
From Friday
YCC
FMKT
Today
LNCR
Will keep all posted
Quote from iriekity:
I use an alerts software that I have mentioned on this forum before www.trade-ideas.com, it gives me 75% pullback from lows. The lows are of the current day. I set it to watch the stocks that are down 9+ days in a row. I pull up the stock when I see the alert and make a decision as to what to do. I have been able to really get some high % returns so far so that is why I decided to put some of this in a journal for others to see.
Quote from MackieMesser:
I'm not following you on the 75% pullback from lows either. Please explain exactly what you mean.
m
Quote from iriekity:
Here is the best explanation directly from the help and I use it just like that.
http://www.trade-ideas.com/Help.html#PFL75