@FranVezz Do you factor in the previous day’s % close into new buys? $DELL looks really good, but had a close of -6.55% and something like $FROG was only -2.51%. Appreciate all your posts!
@CFlanders7 I ran a test on historical results I’ve found that would’ve given me at least a 5R return and only a handful happened when the general market didn’t have aligned MAs. IMO, the ends don’t justify the means and I’d rather wait for the general market to be in a confirmed uptrend
@FranVezz Its eye opening if you backtest many cycles & compare R returns based on different sell rules. @CFlanders7 mentioned this in his TL interview but your results will probably say to hold winners until a close below the 50 SMA, which can be a volatile journey lol, but optimal
@MarkRitchie_II Appreciate the response. I also bought $NEM, $GFI and since the group felt so strong, I bought $GDXJ when that went through a pivot a few days later
@MarkRitchie_II@Brandon_RTM3 Would you trade a power play that is still in a longer term stage 1? For context, this is a weekly chart that had a 200% move in 8 weeks and only gave back 19% in the last few weeks