Posted by mrjasongill on 5th of Nov 2020 at 11:38 am
Divergence showing up on RSI. What are your thoughts
steve? Sell longs today cause we've come up so far so fast?
I have an alert if we lose 3516 to sell...
I've got multi year multi bagger longs that I keep in my taxible
accounts that I sell some calls against but mostly look to add on
weakness. I mostly trade in my 401/IRA. I love to swing
trade but I've done really well picking up the Fool/IBD new growth
stocks and hang on for the ride.
one thing I do is keep a list of the IBD 50 and 20 stocks and
have the KISS charts on them, I look for entries on daily but also
120 min and 195 min cycles on pullbacks in trends
Everyone has variances in trading - I'm an active hybrid type
trader and follow my trading plan and then have longer term swings.
For example I shorted ES on spike today 3513-18 and covered
50% with stop on balance at entry. What matters to you is to
define and follow your plan and not be concerned with others as
that likely won't align with your style. I have several
swings in longer term accounts. I rarely simply trade only
the SPX - typically trading several individual names as
well.
Typically you will see at least some unwinding after a quick
spike such as this morning - thus I fade such a spike. Will
now trail down stops on balance (trim and trail) in front of
FOMC
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SPX 120 Minute Updated
Posted by steve on 5th of Nov 2020 at 10:08 am
$SPX - Chart Link
Divergence showing up on RSI.
Posted by mrjasongill on 5th of Nov 2020 at 11:38 am
Divergence showing up on RSI. What are your thoughts steve? Sell longs today cause we've come up so far so fast? I have an alert if we lose 3516 to sell...
My thoughts are to TRADE
Posted by steve on 5th of Nov 2020 at 11:40 am
My thoughts are to TRADE YOUR PLAN
With that being said, certainly reasonable to take some profits and/or hedge depending upon your approach
I've got multi year multi
Posted by kalkgrun on 5th of Nov 2020 at 11:54 am
I've got multi year multi bagger longs that I keep in my taxible accounts that I sell some calls against but mostly look to add on weakness. I mostly trade in my 401/IRA. I love to swing trade but I've done really well picking up the Fool/IBD new growth stocks and hang on for the ride.
one thing I do is
Posted by matt on 5th of Nov 2020 at 12:00 pm
one thing I do is keep a list of the IBD 50 and 20 stocks and have the KISS charts on them, I look for entries on daily but also 120 min and 195 min cycles on pullbacks in trends
Well done kalkgrun -
Posted by steve on 5th of Nov 2020 at 11:55 am
Well done kalkgrun -
OK...Rising wedge on intraday charts....My
Posted by mrjasongill on 5th of Nov 2020 at 11:46 am
OK...Rising wedge on intraday charts....My plan is to sell on the break of the wedge.
Everyone has variances in trading
Posted by steve on 5th of Nov 2020 at 11:52 am
Everyone has variances in trading - I'm an active hybrid type trader and follow my trading plan and then have longer term swings. For example I shorted ES on spike today 3513-18 and covered 50% with stop on balance at entry. What matters to you is to define and follow your plan and not be concerned with others as that likely won't align with your style. I have several swings in longer term accounts. I rarely simply trade only the SPX - typically trading several individual names as well.
Typically you will see at
Posted by steve on 5th of Nov 2020 at 11:59 am
Typically you will see at least some unwinding after a quick spike such as this morning - thus I fade such a spike. Will now trail down stops on balance (trim and trail) in front of FOMC