So Investors.com says we had our follow through day. So its time to begin a campaign... I believe. I have traded these stocks before... but not in a systematic manner. I wish to change that now. By monday... I will begin. I will make decisions based on an Account value of $100,000. I have more behind that if this works. Things I need to develop... by Monday... Positions sizing - Targets and stop losses Entries Options? How many positions at once in same direction? Will I be shorting ----- First questions for the crowd. Should we look to buy this weeks breakout leaders on pull backs on daily chart or hourly? Buy fresh breakouts? What to do if buy points are triggered on big gaps?
There's their ETF vs S&P index FYI. (0.80 exp ratio) ETF PERFORMANCE & INDEX HISTORY (%) Quarterly | Monthly YTD 1 Year 3 Year 5 Year Inception ETF NAV 7.08% 15.39% 5.73% 11.29% 7.57% ETF Closing Price 7.41% 15.59% 5.71% 11.35% 7.61% IBD® 50 Index 7.01% 15.63% 6.64% 11.96% - S&P 500 Index 5.57% 15.15% 12.28% 14.15% 11.38%
I am not a fan of IBD 50. I was just trying to show the OP has simpler way of using their strategy. If you look at the IBD 50 ETF, FFTY, holdings, it has 42% in tech, the S&P has 28% tech. So should have vastly outperform SPY, but it has not. https://www.innovatoretfs.com/etf/default.aspx?ticker=ffty