Thanks for the list, but every single one them was signaling daily decreasing momentum on December 2nd, you would have made good money shorting them, but currently FMX has taken a positive turn north for the time being, I did find a few more turning or at the very least showing signs of a base or already bouncing off their base, $NDAQ, $SPGI, what I would like to see though is when all there earnings reports are coming due?
Qullamaggie said you make more swing trading but for small account I disagree. His max performance been 10X in a year which is 1% per day compounded. Pretty sure DayTrader can compound this over time. Let's see. + Overnight risk + Market is down + Who the fck care. The day I have 1B I might swing trade. However TradingView sucks for Daytrading because of Order confirmations. But anyway ...
Stonks on my watchlist. Still long ATAT Bought SGU Also bought IAUX and HLN But I'll likely sell them for something else. VENG maybe. (Not depicted here)
Testing some rules on TradingView. One simple rules that makes money on most market is ... Buy if close > SMA100 and SMA100 > SMA200 Sell if close < SMA100 and SMA100 < SMA200 Allocation is 1% of equity. EURUSD TSLA GLD BTCUSD SPY ...
Another rule with better overall returns Buy if close > close[200] and close > SMA200 Sell if close < close[200] and close < SMA200 But I can't beat Buy & Hold ... Not the best backtesting platform because you're either short or long. But it still gives some insights.
Shorting is tough. Not always ... Context definitely plays a role. But shorting stocks is less profitable overall than buying them. At least I don't have the strategy. SPY
Looks like it's a tough Tuesday. Here's what's currently leading the market All into ATAT(50%) and VENG(50%)