chaos I am a beginner and I am still trying to master this method. No, I don't set my entries in advance. I watch the market in the morning for LBDU and then in the evening I study the charts of the stocks that made FRV that day. If everything lines up then I look for an entry on a 5min chart the next day. I look for support and resistance levels within the channels to aid in my entry and exit decisions. I will post my trades when I make them. I look forward reading about your profitable trades Hope that helps, gooch87
I am getting ready to hit the road for the weekend, but my limited understanding of Max Pain is that the stock will gravitate towards the Max Pain price during an Options expriation. This is related to which contracts have open interest and people closing out positions. There is a much more detailed explanation than this, but this is the jist... Good weekend all... Cheers
I'd like to discuss position sizing/money management for a bit. I've settled for the time being on a simple position sizing where I simply divided my trading capital by 5. So if I have, say, $50,000, I'd allocate $10,000 to each position. This is based on the theory that a worst-case loss based on the 5% trailing stop rule would result in a 1% loss overall. Does this make any sense? Also, has this been discussed anywhere else in the Hershey threads?
From the reading and studying I have done on Jacks posts, it seems that the optimal amount of streams should be directly related to the length of the natural cycle. I suspect the main reasoning is for profit maximization and cycle rotations through stocks.
Got thrown from the IVAC horse today. I sold this morning at 28.50 for a wash but got back in at 28.06 when I thought the selling was done, ERRRRRRRRRR! wrong answer for the short term. I sold at 27.76 for a $33.00 loss
Could someone go to the msn site and bring back DKMs bear market results,please?(Or point me to where they are if they're already here)?