Petty Ca$h - per Simon's Werld®

Investing Strategies Technical Trader's Sanctuary
1

revised: 12/01/2022

Petty Ca$h - per Simon’s Werld® by Quillnpenn revised 12/1/2020.

We all know everyone needs a few dollars for lunch money and or paying the car payment. Simon can do this for us.

  1. Per Simon Sez III rules

  2. Buy one bar after the Price Label as DAY ONE that has been posted and let it ride for 6 days and ca$h it in.

2a. Sell if within the 6 day period when the price label appears at the top to prevent any further losses.

2b. Be advised there will be some head fakes as minor losses.

  1. Beginners, buy in multiples of 10 shares. eg. 10 20 30 40 50 100 . . . . .shares.

3a. Advanced swing traders buy in multiples of 100 shares. eg. 100 200 300 400 500 1000 … shares.

  1. Pick a chart from your own pool of candidates or from a scanning tool showing prices right out of the gate.

4a. Price being the “Gate”. We use the expression “Out Of The Gate” to talk about doing something right away. If you do things out of the gate, you do them without any delay.

  1. Review the opportunities as an example of ACCO. . . . . ACP | StockCharts.com

for exercise:
AAPL, CELH, MU, SQ, GM, UBER, CAR, LYFT, MGI, WU, TRU, UA, UAA, KIM, HDSN, PAYC, SHOP.

However, I have a scanning tool from Stockcharts that finds the stocks right out of the gate.

Create a pool of 10 stocks and let it rip.

Earn a substantial amount of money.

Quillnpenn - a poor church mouse scratching for a living as a Swing Trader for over 45 years.

4 Likes
2

Mornin’, Quill. Good to see you’re posting again. Let me suggest a couple of changes/amendments.

#1, In our current market, hanging on for 6 days is likely to mean that profits are given back and maybe even losses incurred. 3 days is a safer time stop.

#2, Rather than 10 or stocks, why not 10 or so ETFs?

1 Like
3

Quill,

Here’s a chart of one of your stocks that makes my point about the need to exit quickly.

image_2023-01-02_082153713
image_2023-01-02_0821537131235×802 97.1 KB

2 Likes
4

“However, I have a scanning tool from Stockcharts that finds the stocks right out of the gate.”

Quill,

To use SC’s scanner, one has to have a paid membership, right? But here’s a workaround. Use Schwab’s free stock scanner and ask to see “RSI Oversold”. Today, 255 stocks were returned. Export that list and create a watchlist at BarChart. Sort the watchlist by "‘last’ from positive to negative. Then use the flipchart feature. Lots of “at-the gaters” show up. Eg., PIII, ALZN, AMTI, ARVL, etc.

2 Likes