I like your comment, but I don't use RSI. By relative strength/weakness, I'm referring to if a stock is having a really good or bad day compared to what the market is doing. The only indicator I use is volume profile. I know a lot of pros use VWAP, but I've never found it to be particularly useful. It's just another line on the chart IMO.
Sorry for misreading then! Pros use vwap as a benchmark price, and will usually run algos to track it (or buy more when price below, less when price above, etc. also known as a “best efforts”).
I had a great day in MRNA 2 Fridays ago just by following the momentum to the downside. If I was a mean reversion trader like I used to be, that would have hurt pretty badly. I like to do longer term mean reversion in my Roth, but just with ETF's. Mean reversion was great for awhile, but then it got very ugly for the group I was in. Like I said in another thread, our developer lost 35k in a couple of minutes and he quit. We were still able to use the program, but we all realized how the risk wasn't "definable" (if that's a word) and we all stopped using it. Sorry OP for getting of track.
%% Exactly; trading is not that simple................................................... Back to my 200 day moVing averages. Some are much better than other$/ Mary Meeker,[mm] based on hindsight anyway...............................................................
Can you walk us thru the process you use to trade off broker / analysist research. Firstly how do you obtain the research? Do you subscribe to a service or does your broker send you the reports in a timely manner? Once you have the research how does this affect the way you manage your portfolio? Just my own experience but analysists and brokers are very slow to recommend selling a stock. Do you feel that the research has contributed positively to your portfolio's performance as compared to randomly picking stocks? I remember years ago, I believe it was the Wall Street Journal had a contest where a monkey throwing darts competed favourably with the experts.
Amazing! Some one asks for analysts followers and ends up served moving averages and RSI's, beside flatly out of subject rambilngs. Why can't people just shut up when they have nothing to contribute to the issue at hand?