Lesson learned: Importance of trading Out vs in charts

[KCalhoun]

@KCalhoun Any good examples? I think I found an example of what you mean, but just wanted to confirm. Like this?

At the moment I don't have a day trade strategy that uses buy stops, but this seems like a good place to explore. Thanks!

EDIT: AMC today too.

AMC today is a great example, minor gap above prior days high, it was our top call in my live chatroom today

 

[meatyoaker]

AMC today is a great example, minor gap above prior days high, it was our top call in my live chatroom today

It seems to be having a great 2021:




But I'm having trouble getting it to work over time:


I did:
---
Universe: Russell 3000
Price Filter: $10-45
Volume Filter: MA(V,50) > 350000

Entry conditions:
1. LinRegSlope(C,2) > 0.50
2. ROC(C,5) > 0

Rank: 100 + ROC(C,5)

Buy Stop Limit at Ref(H,-1) + 0.75

40 max positions x 10% each

Exit:
Market on Close
---

Any suggestions? Volatility filters? Stop losses?

 

[murray t turtle]

AMC today is a great example, minor gap above prior days high, it was our top call in my live chatroom today

%%
Profits on QQQ/UDOW;
buying TECS..........

 

[KCalhoun]

SOXL good trading range

 

[murray t turtle]

SOXL good trading range

%%
SQQQ+ other inverses are still above 50dma + positive for the week.[10:00 cst, FRI]
STRONG ETFs uptrends in MAR. But 3rd friday week tends to be down.
SAT = 1st day of spring

 

[murray t turtle]

It seems to be having a great 2021:




But I'm having trouble getting it to work over time:


I did:
---
Universe: Russell 3000
Price Filter: $10-45
Volume Filter: MA(V,50) > 350000

Entry conditions:
1. LinRegSlope(C,2) > 0.50
2. ROC(C,5) > 0

Rank: 100 + ROC(C,5)

Buy Stop Limit at Ref(H,-1) + 0.75

40 max positions x 10% each

Exit:
Market on Close
---

Any suggestions? Volatility filters? Stop losses?

%%
Until he answers;
i would sure make i found out why i lost so much in2019,2020,.[ I did better in 2019,2020/2021 by trading spxl smaller = spy,qld,qqq larger than spxl, myself.
2008 is to far away to really count it this year + you beat the SPY benchmark anyway..............................................................................................
BUT any close below 200dma like spy did in 2008 is a whole different\bear market