Thinking out loud…in this kind of environment….

Maybe the play is not to be buying breakouts, but buying quality when it DROPS close to the EMA of your choice, with a very tight stop below said EMA

 

That is exactly one of the strategies I use for +30 years now.

 

now to figure out how to set up a scan fir it on think it swim.

 

I would add to that strategy... "IF the slope of the MA is upwards (or sideways may be OK, too)".

Not saying it won't work if the slope is down... just works more reliably when it's positive.

 

It is very simple:
First you want to know what you want to own. Your universe.
Then you take a longer EMA and a shorter one.
When prices comes under the shorter EMA and your shorter EMA is above the longer EMA and price goes back over shorter EMA,you have your entry and know the level of your stop. Use positionsize accordingly and maken sure you have a trailing stop that let you have 5 r winners or more. Piece of cake. Getting your mind around it that it can be this simple is another story...

 

Why would that be better?
Advantages ? Disadvantages?

 

because in this kind of market environment , more breakouts turn into fake outs.

I’m also coming to the conclusion that I’m more comfortable with that style.
Even I. Investing, I was always more of a value and GARP investor than a MOMO investor.

 

That is one awewome post I must say. Thank you for sharing

 

If you want the big returns you have to get comfortable with being uncomfortable.
My theory is the reason people hire financial advisors is so they don't have to make uncomfortable decisions.

 

I’m not looking for big returns. If I made enough every year to cover Taxes on my RMDs I’d be happy