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Gold up $47 this morning

Posted by RichieD on 21st of Mar 2024 at 09:22 am

Gold up $47 this morning at $2208...GDX up $0.35 at $30.26 in pre-market trading.  WTF will it take to see the mining stocks make an NVDA-type move??  

I'm struggling to find the

Posted by RichieD on 12th of Mar 2024 at 02:30 pm

I'm struggling to find the right entry point for KISS system trades.  Have set my favorites but when I receive an email alert, more often than not the stock has already made a big move. That makes me hesitate. Yesterday for example, I received an email for JD after it moved up 15% on the day. Today it gapped higher again on the open.  Chasing those type of moves does not sit well with me, even ones with a smaller % move at the outset.

I understand KISS is a trending following system identifying stocks that may move higher for months, but the initial entries seem exceedingly high relative to the initial STS.  I struggle making the adjustment since my plays for years have been tied to BPT trade ideas, the majority of which rely upon a breakout from a pattern.  

Any suggestions?

KISS System question: Maybe I

Posted by RichieD on 26th of Feb 2024 at 09:37 am

KISS System question: Maybe I missed it, but how does one determine a good entry point for these trades?  Unlike the "trade ideas" that usually have a clearly defined breakpoint, or level of support, the KISS trades generally do not.  Do I hope for a pullback closer to the 1st STS, or do I just jump in? 

If I'm at the computer trading stocks intraday, I tend to use a 5 minute chart for my entry.  In my opinion, patterns and breaking of resistance levels in this timeframe offer up reliable entry points. When and where to exit a position (placing the right stop) is more difficult to gauge; still working on that.  I tend to play high beta stocks. Being a skeptic by nature I often place my stops too tight. Reducing position size allows me to place wider stops.  Learning through experience; there's no better way.

Can you include the intraday

IOVA - 21% short. Squeezing. 

Posted by RichieD on 21st of Feb 2024 at 03:42 pm

Can you include the intraday chart in a newsletter this week and show us how you played it and in what timeframe?  Would be a great educational piece for anyone wanting to take a shot intraday.

I don't get it, Matt.

AZ chart

Posted by RichieD on 21st of Feb 2024 at 07:00 am

I don't get it, Matt.  Maybe I'm wrong but...it appears that you and Steve have held this "story" stock for a several years for fundamental (not technical) reasons...riding it all the way down.  The two of you are so disciplined and successful trading based upon the charts and technical factors, why would you do so?   It seems completely out of character for both of you.  My apologies if I have this wrong, but that's the impression I have and it seems contradictory to all you espouse.

Stock closed February 6th at $1.51 with volume of 114,000 shares. On February 7th the stock touched $41.00 intraday on nearly 22 million shares. Just curious: Did they announce they found a way to bottle the fountain of youth?   

Just incredible.  And I bet his fee is calculated as a "% of assets under management" rather than "by the hour".  

Why not just help them do the bond ladder yourself and drop the "advisor"?

Bought in last week at $14.08.  i agree this could move quickly in either direction.  What timeframe are you using for your stop?

Lots of great tidbits throughout last night's video, Matt...thank you.

I'm confused about AZ. It

AZ chart

Posted by RichieD on 28th of Nov 2023 at 08:28 am

I'm confused about AZ. It was brought to the BPT community's attention a few years back for fundamental rather than technical reasons.  I bought and sold at a slight loss a long time ago.  

Here's my question:  If this stock was bought for fundamental reasons AND held through the long draw down, wouldn't updated fundamentals (not technicals) determine whether it's wise to continue holding (or even averaging down) at this point in time?

AI just imploded

Posted by RichieD on 20th of Nov 2023 at 03:00 pm

AI just imploded

Last night's newsletter playing Monday

Posted by RichieD on 28th of Sep 2023 at 09:03 am

Last night's newsletter playing Monday night's commentary!

Which always begs the question: Do you take the long side trade right here (with a tight stop), or do you wait for a breakout...and why? 

Is it simply a question of individual preference and style or do other technical factors come into play?

Never quite understand that but...on just about any time frame (daily, hourly, 5 minute), if you're using a candlestick chart you would have been stopped out.  Giving it more room than today's spike low near the open is the equivalent of not using a stop at all.

I was taken out at the open.  You have to draw some line in the sand...

Mine was fine; just watched

Weekend Newsletter

Posted by RichieD on 9th of Jul 2023 at 07:54 pm

Mine was fine; just watched and listened to it.

BOIL: Matt, You noted in

Posted by RichieD on 29th of Jun 2023 at 09:50 am

BOIL: Matt, You noted in last night's newsletter you like the long base in Nat Gas and would monitor the current pullback for entry.  I bought BOIL and cashed out end of day of the 1-20 reverse split.  What would be your re-entry trigger?

Decided to take my 14% gain rather than hold through the weekend. 

BOIL -  Matt: A few days

Posted by RichieD on 23rd of Jun 2023 at 03:41 pm

BOIL - 

Matt: A few days ago you mentioned you were in BOIL. I bought in the other day at $3.14. Today the stock had a reverse split 1 for 20 and is up 5%. Do you read anything negative into the reverse that would cause you to cash out of the ETF?   Usually reverse splits are perceived to be negative.  The chart looks positive.

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