@markminervini Just like SFM. Beautiful VCP. Bought it on 4/19. I learnt it from @markminervini and @MarkRitchie_II during my MPA membership how these setups can be identified. Thank you.
@TLPrivate_ I am seeking for setups on stocks in my key screen:
Price > $3
Daily Avg SMA(50) $ Volume > $100m
Above daily KMAs and weekly EMA(30)
5 days SMA(50) slope is up
Less than 20% from 52wks high
RS positive
Results:
May 22, 2020: 116 (SPY closed > wkly EMA30)
Today: 19 stocks
@TLPrivate_ I am more position trader than swing trader. Below BP quick actions works well e.g. BROS however that is not my edge. Hard to trade this environment when you have a full time job that keeps you busy :) . I sit in cash and wait for proper setup and edges to show.
@Franky__1969 As they say “The larger the base the higher the sky”. Trading is a marathon not a sprint and respecting the market and protecting gains with stops is the secret whatever the strategy, edge, tactics or timeframe is. It might sounded unnecessary in the last two years…
@WishingWealth@WishingWealth Dr. Wish, Thank you for your continuous insight and sharing.
Stress free TQQQ trading strategy: 3 trades in 1 yr w compounding = 95% result 1) wait for at least 1 green light out of the two indicators 2) Buy Friday close if > WMA 4 3) Sell Friday close if < WMA 4
@TLPrivate_ As part of my Daily Routine I have a set of charts that reflects on the health of the market. I have two charts related to tapering. I marked some of the key fed communications and events by dots. Are we back to Apr 2014? @rosshaber @RayTL_ @nickschmidt@RichardMoglen
Thank you @RayTL. This is true for any sustainable growing business.
“Tell me and I forget, teach me and I may remember, involve me and I learn." - Xun Kuang
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@TLPrivate_ Good Morning, What do you think about APPS? It is up 7% premarket ($67.8) and it looks like it will open above DMA50. How do you approach a setup like this?