I thought KOLD was a good trade short - with Natgas very
oversold. I certainly wouldn't have been chasing KOLD after
such a run coming into today. Again, to be clear this is
simply a beta version and KOLD is a leveraged play thus the wide
ranges.
guys the tables are beta and not full systems - we put them out
to view them
make sure you understand how that stuff works. First off KOLD is
a leveraged ETF - they are going to 2X and 3X percent away from
STS, everything is wider than standard on any leveraged ETF, which
is why I may remove those
also as explained when something first pops with a new STS, many
times prices is very extended - we've been saying many times it's
better to skip and wait for a pullback. The STS is best after
a trend has been established - when they first go many or most
times things are quite extended at that time - look at things such
as far price is away from the 9 EMA etc
Thanks, Steve. This is what I was referring to. Trying to
figure out how to use the STS system. I’ve just been listening to
the newsletter and following Community. Never fully warmed up to
DVT or STS. Listened but didn’t use fully. Seems like this
New Long may have been misguided.
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I thought KOLD was a
Sincere question, am I reading the STS system wrong? ( ...
Posted by steve on 7th of Dec 2022 at 01:31 pm
I thought KOLD was a good trade short - with Natgas very oversold. I certainly wouldn't have been chasing KOLD after such a run coming into today. Again, to be clear this is simply a beta version and KOLD is a leveraged play thus the wide ranges.
guys the tables are beta
Posted by matt on 7th of Dec 2022 at 01:43 pm
guys the tables are beta and not full systems - we put them out to view them
make sure you understand how that stuff works. First off KOLD is a leveraged ETF - they are going to 2X and 3X percent away from STS, everything is wider than standard on any leveraged ETF, which is why I may remove those
also as explained when something first pops with a new STS, many times prices is very extended - we've been saying many times it's better to skip and wait for a pullback. The STS is best after a trend has been established - when they first go many or most times things are quite extended at that time - look at things such as far price is away from the 9 EMA etc
Thanks, Steve. This is what
Posted by mdgfain on 7th of Dec 2022 at 01:39 pm
Thanks, Steve. This is what I was referring to. Trying to figure out how to use the STS system. I’ve just been listening to the newsletter and following Community. Never fully warmed up to DVT or STS. Listened but didn’t use fully. Seems like this New Long may have been misguided.