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That’s right money is made in the middle and not the top or the bottom. Best teacher around. Also when your going for big wins you have to give some back and that can be stressful.
A few other suggestions for the existing strategy 1) look at relative strength of stock. If it is not performing well, it is an early indication to get out. 2) Exit when something abnormal happens in price action. For example, a larger than normal candle with higher volume or a breach of higher time frame low (in my case monthly low) 3. Often time price moves in a channel, upper side of a channel is a good area to chop the trade 4. When price becomes overextended, use the low of previous candle as stop loss 5. Volatility stop often time does a good job to show you if somethjng is abnormal 6. Learn about climax top
Interesting as always. I live in Japan where trading is considerably different for those like myself who are not rich enough to buy shares in the minimum unit of 100. Fortunately it is possible to buy less than 1 unit but it comes at a cost; you can only buy and sell at market price and stop loss orders etc are not allowed. So far as selling is concerned I try and sell sufficient shares to recoup the initial capital outlay and let the remaining shares run until my preferred indicators shout sell. This works best if profits are upwards of 30%. I primarily use point and figure charts backed up with Guppy Moving Averages to tell me the strength of a trend.
Wouldn't an even better way to do is split half position for this strategy and William O'Neils 20-25% if a stock doesnt run up 20% in a couple of weeks and doesn't have 70% institionsl support
Putting well-earned money into the stock market can’t be over emphasized for first - time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money
My Financial adviser is Natalie Lynn Fisk she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
This is a good strategy. If I can add relative strength then it would do magic. What benchmark you want to advise for checking against the US,AU and EU stocks.
What are your returns compared Minverni or ONeil? I think a hybrid approach might be better? Sell one half of a stock if profits are around 20% if it doesn't make a move of the same amount in a week or two and doesn't have institutional support. Let the other half run and I prefer weekly SuperTrend indicator combined with Heiken ashi and either awesome occilator/SAR.
Hey, thank you for sharing your results, extremely impressive. The one metric that stood out to me was that your average days in losing trades was somewhere around 100. I set my stops around 8%, so when I lose on trades and get stopped out, it almost always happens within a few days to a few weeks. Do you set hard stops? If so, how are you staying in losing trades for so long? Thanks!
I am not sure what Gareth uses but what I have figured out is that I don't generally use stop losses on my systematic trades. Instead I do something similar to what he described. I check the weekly chart and if the trade has broken my rule then I use the low of the week as the new stop loss which I can set into IBKR.
Many traders recommend to buy at 52 week new high. But the problem , many times when you buy at 52 week new high or all time high, it acts as resistance and starts immediately to pull back from that point and then price makes a consolidation for many weeks . No profit and losing time. How to avoid it?
@@YourFrienjamin It is the worst thing in trading. Never do it. It means you are buying lagging stocks. That also means you are buying below the moving averages .
I would recommend waiting for the stock to break ABOVE the 52 week high on higher than average volume and only then should you buy, your stop should be just below the low of the break out candle
@@Leytonstone09 It sounds great. I think it is the best solution , although 2 stocks out of 3 pull back after the breakout or get damaged by premarket declines.
I have been looking at your sell system and think the weekly SuperTrend and EMA 13/34 crossover both needed to confirm sell signal outperform it. What do you think?
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential best results and taxation
indeed, most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.
in my case Chris Ryan Stewart has assisted me in doing that effectively, I'm not an expert so I lack experience in investment strategies, I work and my consultant handles the rest.
I dont trade looking for breakouts,as they can take a long time to break,like two weeks......i just use price action and get in and out with taking a portion of movement....getting to greedy makes me lose.....so i set my TP and catch the spikes or execute when i feel the times right....
I noticed that in many of your Videos, you say something like "200 day moving average" and the Video shows "200 DMA". However, from what I've learned DMA usually stands for the displaced moving average, as opposed to the Simple moving Average (SMA), which I believe you're actually talking about. Which one is it? Thanks for all your work!
