re: Charts
I looked at B&H’s stock selections and would have asked what did you do after the purchases. Did you do what all HODlers (hang on for dear life) do?
Let’s look at various ways of looking at a chart to make an informed decision.
https://www.youtube.com/watch?v=Z257jg22VcA The question would be when do I BUY out of the gate and when do I SELL at the finish line?
Let’s review a simplistic way as a thought. I have been trading using the OHLC bars for over 60 years. The following has two (2) very simple rules. It tells you exactly when to buy OUT OF THE GATE and when to sell at the finish line. Out of the gate means wait-one-day after the price label is posted. In other words, heading north. If not, keep waiting. Same for when to sell. Finish (sell), and wait - one-day after the price label is posted. Practice practice practice reading the chart telling you what to do. I review over 100 charts every night
Re-printing the rules of Swing Trading
Re-printing how to Swing Trade via TETTER TOTTER. Start learning how to trade the Pairs for the Recession is almost upon us.
I have been trading SPXL / SPXS and QQQ / PSQ since 2006 - 2014 and 2014 - 2022. 2023 - so long as there is a Standard and Poors market for trading. Have earned over 25mm so far. It only takes 10 to 15 minutes a day at 10 am and 3:30 pm for the WAIT - BUY - SELL decision.
GMCR was the very best stock to have ever owned. GMCR was later bought out by a German company (JAB Holding Company). Would have retired a long time ago on just this one stock. GMCR Split History First trade was with 50K down per Simon Sez rules.
https://schrts.co/asMjxFKn Simon Sez is to sell on 1/19/23. Assuming you bought 1000 shares since 12/23/22 for a very nice profit.
Now, what do you do today or tomorrow? We would WAIT - BUY - SELL.
Assuming I traded AFRM since day one, I would have had 18 out of 18 successful trades with zero losses at 1000 shares at each buy.
Another way of Swing Trading AFRM (at the below) is to buy and sell per the moving averages or buy per the Green dots and sell per the red dots (SARs). and for confirmation is the bottom panel at the crossovers (green crossing over red heading north.
Simon II shows a smiley face on 12/05/22. We would SELL per the Simson Sez III rules. And then sell on 12/23/22 we would then BUY per the rules. Now we must only have two (2) ARCS on one view. Now slide the chart to the left and notice what happens. Yep, a smiley face appears and we now have a SELL signal. Since AFRM has been sold you don’t care what happens. As a guess AFRM will rise higher based on the bottom panel’s flow.
Let’s look at using Candle stix. But,
Almost the same except using Heikin-Ashi bars instead of Candle stix. Simon IV is telling you to BUY the first bar after the last RED bar. And SELL after the last GREEN. All the while, we must have confirmation to be in Buying mode. There are a lot of false signal bars.
Some Swing Traders like to trade the above.
Today, I manage my wife’s Ellevest.com matrix portfolio and all of the SPDRs including the XRT portfolio since 2007 and since 2006 my successful Tetter Totter Principle account. Never lost a dyme other than hitting a few speed bumps and a few head fakes.
Manage the following with risk and money management skills.
CELH since 2007
TSM since 2000 Sent all our chips to them for manufacturing and testing services.
ASML since 2000
MCHP since they laid me off back in 2007
COST since 2000 since they wouldn’t hire me as a greeter at the door.
CAR since 2000 since they wouldn’t hire me as a car transporter.
HD since 2006
DAL since 2011 - An excellent Airline
ALK since 2007 - An excellent Airline
https://www.youtube.com/watch?v=LcPxNO7_dxA. Duplicated his portfolio.
B&H,
The above is one way of Swing Trading that I have done for the past 48 years and over 60 years as an Investor… Arindam will come out with another idea soon.
2.5 % Theory
An easy guide From Amazon with a 3 % goal to earn 1 million dollars.
“The Millionaire Blueprint: How To Turn $100 Into $1,000,000 Within One Year”
eg . . 2% Spreadsheet. Follow along until you understand the flow.
re: 2% theory result spreadsheet1a-200515-084…
You can use Robinhood.com or WeBull.com for easy access to your portfolio.
0 - Invest $1,000.00 making $20.00 profit.
0 - $1,000 plus the $20.00 equals $1,020.00
1 - Invest $1,020.00 making $1,040.40 @ 2%
2 - Invest $1,040.40 making $1,061.21 @ 2%
3 - Invest $1,061.21 making $1,082.40 @ 2%
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.
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199 - Invest $51,455.78 making $1,029.12 @ 2%
Now, you can stop at any time at say Day 199 and earn $1,029.12 at every trade.
When you make more than 2% of the balance, withdraw it and use that money to fund your life or perhaps buy a new car every year.
There will be days you can earn 2 or more successful trades on the same stock.
2.5 % Profit Matrix Spreadsheet example
Trade Profits beginning Balance Petty cash 0 $- $- $1,000.00 1 $25.00 $25.00 $1,025.00 2 $25.63 $50.63 $1,050.63 3 $26.27 $76.89 $1,076.89 . . 30 $51.16 $1,097.57 $2,097.57 60 $107.31 $3,399.79 $4,399.79 90 $225.09 $8,228.86 $9,228.86 120 $472.15 $18,358.15 $19,358.15 151 $1,015.13 $40,620.15 $41,620.15 180 $2,077.36 $84,171.79 $85,171.79 . .
Starting balance can be changed to ANY amount you wish, eg…2,000.00, 3,000.00, etc.
If I invested $ 1,000.00 @ 2.5% earning 25.00
If I invested $ 1,025.00 @ 2.5% earning 25.63
After purchasing the stock I like to put in a SELL LIMITED order rounded up to the nearest nickel and the difference be placed in the petty cash draw.
Line 180 You can freeze at a constant balance and earn $2,077.36 at every trade or every day.