SPX, I sold the 4,290 area. Was using a 3xetf for my trade. If
it goes higher, that is fine, I have long term inventory in the
markets in funds that will participate. Can always rejoin a more
objective setup going forward.
Thanks Steve, I appreciate you continuing to provide the good
coverage and education.
I've learned over time to not have fomo. The risk/reward ends up
much more favorable, I can sit in the trade at that point with
defined areas. Buy supports, sell resistances. Account balance
rises, no matter what the market does over time that way.
Then when we have extremes, I manage my other strategy in long
term inventory. (IRAs) Buy the panic and sell some into the
overdone parties like we had last year.
Two strategies, a trading one and a long term one for
retirement. Nice and simple. On my white board I have one statement
"Be flexible as markets change" This has been particularly
important in trends and saved me over and over. Any time I've
decided to go against it, I have lost money. When I have followed
it, I've made money over time. If I refuse to learn, the market is
happy to teach me again. As nice as this rally is today, the
general market has a lot of work to do long term. I pray it gets to
it sooner than later, though have no control over that part.
Trading what is in front of me then hurry up and wait.
In this case, I was trading the 3xetf, SPXL. I had been long
from the 4,170s most recently. Options are a no go for me, not in
my style or appetite. 3xetf is plenty of leverage for me
Everyone has different strategies of course, another of mine is,
I'm not a short seller. If I want to represent a bearish view, I
sell a portion or all of my long trade(s). Cash represents to me
that risk/reward was not favorable enough for me to stay with the
current setup at a particular level.
My other strategy beside my trading strategy is that I'm a long
term investor. The world must grow over time and that means that
the stock market will rise in the long term. I accumulate inventory
at discounted prices (love extreme washouts) and then wait for that
growth to occur. Also, no need to be in invest in individual names
for me, it is more time and hassle than I want to take on. I've
been just as much right as wrong over the years trying to game
individual companies. I stay with leveraged indexes to represent my
view and various other long term funds.
It has taken years to craft a strategy and then just stay in my
lane over and over. It can be tempting to want to get into other
things, though I've learned to just not do it. I stay with what I
know and what I'm comfortable with. It is a good mantra for life to
be honest and myself anyway.
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SPX, I sold the 4,290
Posted by fundamentalvalues on 9th of Mar 2022 at 12:59 pm
SPX, I sold the 4,290 area. Was using a 3xetf for my trade. If it goes higher, that is fine, I have long term inventory in the markets in funds that will participate. Can always rejoin a more objective setup going forward.
Way to trade your PLAN
Posted by steve on 9th of Mar 2022 at 01:01 pm
Way to trade your PLAN
Thanks Steve, I appreciate you
Posted by fundamentalvalues on 9th of Mar 2022 at 01:11 pm
Thanks Steve, I appreciate you continuing to provide the good coverage and education.
I've learned over time to not have fomo. The risk/reward ends up much more favorable, I can sit in the trade at that point with defined areas. Buy supports, sell resistances. Account balance rises, no matter what the market does over time that way.
Then when we have extremes, I manage my other strategy in long term inventory. (IRAs) Buy the panic and sell some into the overdone parties like we had last year.
Two strategies, a trading one and a long term one for retirement. Nice and simple. On my white board I have one statement "Be flexible as markets change" This has been particularly important in trends and saved me over and over. Any time I've decided to go against it, I have lost money. When I have followed it, I've made money over time. If I refuse to learn, the market is happy to teach me again. As nice as this rally is today, the general market has a lot of work to do long term. I pray it gets to it sooner than later, though have no control over that part. Trading what is in front of me then hurry up and wait.
What ETF do you use,
Posted by piclez on 9th of Mar 2022 at 02:09 pm
What ETF do you use, Direxion? Do you sell with options/puts?
In this case, I was
Posted by fundamentalvalues on 9th of Mar 2022 at 03:00 pm
In this case, I was trading the 3xetf, SPXL. I had been long from the 4,170s most recently. Options are a no go for me, not in my style or appetite. 3xetf is plenty of leverage for me
Everyone has different strategies of
Posted by fundamentalvalues on 9th of Mar 2022 at 03:21 pm
Everyone has different strategies of course, another of mine is, I'm not a short seller. If I want to represent a bearish view, I sell a portion or all of my long trade(s). Cash represents to me that risk/reward was not favorable enough for me to stay with the current setup at a particular level.
My other strategy beside my trading strategy is that I'm a long term investor. The world must grow over time and that means that the stock market will rise in the long term. I accumulate inventory at discounted prices (love extreme washouts) and then wait for that growth to occur. Also, no need to be in invest in individual names for me, it is more time and hassle than I want to take on. I've been just as much right as wrong over the years trying to game individual companies. I stay with leveraged indexes to represent my view and various other long term funds.
It has taken years to craft a strategy and then just stay in my lane over and over. It can be tempting to want to get into other things, though I've learned to just not do it. I stay with what I know and what I'm comfortable with. It is a good mantra for life to be honest and myself anyway.