Totally dig what you're saying. If I miss a run, then I didn't follow my plan.
I keep cutting my winners
- Thread starter Wide Tailz
- Start date
Totally dig what you're saying. If I miss a run, then I didn't follow my plan.
Looks like it was wrong to abandon my long yesterday. Nice bullish divergence starting to show up on the daily, and also on many stocks. Bot 10 DE for a longer swing trade, slightly above its pivot and a little late but still in the buy zone. Nice relative strength compared to the main list.
(A "pivot" is the spot "where the action begins", where the continuation wave changes into the next impulse wave, and usually forms strong horizontal support that is never breached).
(A "pivot" is the spot "where the action begins", where the continuation wave changes into the next impulse wave, and usually forms strong horizontal support that is never breached).
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I'm not seeing very much constructive action in individual issues. I'm positioned short again after having not held my long SPY properly. My target SPY is the September low, and I expect that QQQ will test the October low.
Weekly charts do have a nice double bottom at the rising 200 week moving average, so I'll not be surprised if the rally does continue higher after all. QQQ looks stuck below that average though, so it remains to be seen whether Q's drags the SPY below its MA or does SPY lift Q's back above its own MA?
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OK/ but bear rallies in 2022 seldom followed thru much, except JULY/SPY......
Even though OCT /SPY= Up+ this week up some . Same with UDOW.
I like a good uptrend; but these bear rallies so seldom followed thru much.
SO really , for bear rally/have to plan + take profits [aka= cut winners]
OCT maybe a bear killer ; we'll know by the end of the month/LOL
Main trend = still down
A bear rally is not the same as an uptrend /even if both go up some[i'll remind myself also]
I agree. Very few stocks are showing any bullish trends, but a couple others are UAN, AZO & OXY. The world is still gonna need farm equipment, fertilizer, auto parts and fuel, even in a recession. 
If only I had locked in that $2k profit on SQQQ and $150 on TQQQ before letting them "run" (retrace).....
This may be why automated trend followers are so big on psychology and working out your issues. Even when you come out ahead, you're never really right.
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MAR + OCT can have so many sharp spikes;
icepick tops + bottoms, easy to get stuck.
I like to do some cash stuff like XLK, instead of adding to that/ when it shows a profit/ get some TQQQ.[assume they both going up]
THEN /even though XLK is only a starting position, it may hold its OCT profits longer, compared to SQQQ or SDS.
XLK is still up some for OCT + this week.
Main trend\200dma is still down.
The only TA technique that ever correlated with me having a green year in short term trading was elliot wave for the entry, specifically entering at the end of wave 2.
Latest price action really puzzled me yesterday but I think I see what is unfolding. The wave count points to a running corrective wave after that huge one day reversal. It is basically a continuation pattern that goes above the last impulse wave due to the intense strength of the momentum. Volume profile seems to support this. I'm expecting an upside blast in a day or two, but it's "not a prediction"
*edit- not gonna lie, added 10 OXY to the cart
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Sounds like you have a mindfulness problem, not a trading problem... As trivial as it sounds, you need to focus on meditation, attention span, personal issues related to limiting beliefs and financial self worth. I can recommend some authors that might help - Trading Composure on twitter(or google him) https://twitter.com/TradingComposur
- Dr Van Tharp and his work
- Brett Steenbarger and his work
- Maybe some philosophy to make you more present and thus more prone to adhering to your rules - Alan Watts, David Hawkins resonate with me, but might not be your cup of tea.
