come on man- first off I just ran the stats - 97% of our trade
ideas this year have been longs, longs, not shorts
2. back in Oct we favored a good trade low with the 5 completed
waves and favored over time a move up to the 61.8% Fib 4300 - 4350
area over time, and maybe into the summer.
while we may not have favored a rally as a new bull market - we
favored overall uptrend and we play what is in front of us. Do you
see us out here shorting everything, not putting out
longs?
systems have been doing longs even reversion to mean - SPY
breakout the other day
KISS systems been long
make a plan, follow it, follow your triggers.
we can always do better and we always strive to and to improve,
but I think we do a damn good job here. and we are far from
perfect, but we are no Jim Crammer and Tom Lee
Posted by icecoldjones on 2nd of Jun 2023 at 12:28 pm
Thanks for the responses, Matt and Steve. I completely agree
too, I personally need to work on a ton still and you guys have
totally been bullish (at least short-term all year) and have been
showing that with all the longs and the KISS systems. You guys have
definitely been predicting a majority of the moves and are spot on.
I'm not saying anyone made a wrong call.
The point of my question was to ask if the long-term outlook has
changed. You guys have killed the short-term month after month
after month, the figures make that perfectly clear!
Absolutely and last weekend I broke down all indices and sectors
- the magnificent 7 impacts on the indices and specific sectors.
Keep it simple higher highs and higher lows remain but what
some fail to mention are all the gyrations in between that we have
profited on immensely (at least those who have a PLAN did).
Most recently it was the broadening pattern that contained price
for nearly 2 months. Again - start focusing on YOUR PLAN
instead of relying upon prognostications. Stop being lazy -
your performance will only improve once you put in the effort and
establish a proper plan.
Hi Steve, You mention "Follow your plan" quite often.
Could you please outline what a swing trader's plan might
look like - for those of us who don't day trade nor know how to
properly create a plan?
Start out by reading the above sticky (Top Down Approach and
click on the Title Link ) and using the Search Function for some
past references. Also many of the ideas here are NOT just for
day traders - take time to review many of the past setups
(especially longer term base plays).
My thoughts exactly as BPT
Hey guys, I try to keep up with all the ...
Posted by imelhoe on 2nd of Jun 2023 at 11:54 am
My thoughts exactly as BPT was so bearish not too long ago
come on man- first off
Posted by matt on 2nd of Jun 2023 at 12:00 pm
come on man- first off I just ran the stats - 97% of our trade ideas this year have been longs, longs, not shorts
2. back in Oct we favored a good trade low with the 5 completed waves and favored over time a move up to the 61.8% Fib 4300 - 4350 area over time, and maybe into the summer.
while we may not have favored a rally as a new bull market - we favored overall uptrend and we play what is in front of us. Do you see us out here shorting everything, not putting out longs?
systems have been doing longs even reversion to mean - SPY breakout the other day
KISS systems been long
make a plan, follow it, follow your triggers.
we can always do better and we always strive to and to improve, but I think we do a damn good job here. and we are far from perfect, but we are no Jim Crammer and Tom Lee
Thanks for the responses, Matt
Posted by icecoldjones on 2nd of Jun 2023 at 12:28 pm
Thanks for the responses, Matt and Steve. I completely agree too, I personally need to work on a ton still and you guys have totally been bullish (at least short-term all year) and have been showing that with all the longs and the KISS systems. You guys have definitely been predicting a majority of the moves and are spot on. I'm not saying anyone made a wrong call.
The point of my question was to ask if the long-term outlook has changed. You guys have killed the short-term month after month after month, the figures make that perfectly clear!
Absolutely and last weekend I
Posted by steve on 2nd of Jun 2023 at 12:10 pm
Absolutely and last weekend I broke down all indices and sectors - the magnificent 7 impacts on the indices and specific sectors. Keep it simple higher highs and higher lows remain but what some fail to mention are all the gyrations in between that we have profited on immensely (at least those who have a PLAN did). Most recently it was the broadening pattern that contained price for nearly 2 months. Again - start focusing on YOUR PLAN instead of relying upon prognostications. Stop being lazy - your performance will only improve once you put in the effort and establish a proper plan.
Hi Steve, You mention "Follow
Posted by mrbass77 on 2nd of Jun 2023 at 01:17 pm
Hi Steve, You mention "Follow your plan" quite often. Could you please outline what a swing trader's plan might look like - for those of us who don't day trade nor know how to properly create a plan?
Start out by reading the
Posted by steve on 2nd of Jun 2023 at 01:20 pm
Start out by reading the above sticky (Top Down Approach and click on the Title Link ) and using the Search Function for some past references. Also many of the ideas here are NOT just for day traders - take time to review many of the past setups (especially longer term base plays).
Sentiment getting frothy?
Posted by timebandit on 2nd of Jun 2023 at 11:55 am
Sentiment getting frothy?