@Quillnpenn I am going to respond to your teaching message from the “Trading Saul” thread to here so that more people might see it in the future.
RE: > If you want to be a successful Swing Trader hassle-free, Stick with Stockchart. Stay tuned!
With Barchart, they give a lot of good information. But, I only LOOK at the 2-month chart on the screen and that’s it. I do nothing
Quill, I will stick with Stockcharts, 2-month view, price-labels and stop using Barcharts.
RE:
I want you to pay attention to the blue 20 ema very very carefully.
I will watch the 2dema as it acts like a magnet. In fact, I have planned to create a screen that shows good stocks withing 2% of the line.
RE: Let’s do it another way and observe how I and my little 6th graders do it. Buy at the bottom, sell at the top
How is that different than buying after the low price-label and selling after the high-price label? Is it that you don’t wait for the first green day when buying, just buy as soon as you see a price label (which is never applied on the day of per Stockcharts FAQ)
RE: I would like to do is have COST, V, APPL and WM in your fixed Business Plan portfolio if you want to be a healthy wealthy Swing Trader as noted below.
Clarification: I have them on my “Great Stocks” watch list and will swing trade them per SS3, but are you suggesting I need a core holding of them and swing trade around that?
RE: > A sample line was thrown by a dart at my COST spreadsheet. Only 22 days.
1/29/2024 - bought 1,854,636 shares @ $689.87. Sold COST 2/12/2024 @ $717.49. Can you handle the profit made and compound the money and start the journey all over on the next trade? I sleep well at night counting sheep.
Bang on the Abacus. Thank you, Simon.
I banged on the Abacus and is says you invested $1,279,457,737.32. Is that correct? The share count was very precise! I know you are Richie Rich rich, but do you really have $1.2 billion laying around?
Here again we see how the price labels have disappeared from the Stockcharts chart of COST, the chart below is marked for 1/29/24 and 2/12/24. I guess it only matters in real time. But clearly you can’t show a chart and point to old labels as where we would have bought and sold. I suspect all the short term (thus bad) labels all disappear. Very strange.
s
RE:
I only lost 3 times out of 160 trades.
Clearly I need to pick better price labels my batting average is very bad as posted on the “real time” board. I will keep working hard to find the magic.
RE: > IBD and Saul & Co. are the worst places to learn how to be a successful Swing Trader.
P.s.s. I use Traders Pro with a lifetime subscription.
Totally agree! IBD was founded on Position Trading, which is how Bill made his millions. They do have a swing trading service not, but I will not try it. Saul, like you, has a history of amazing results. He does not swing trade. His current approach is to find “hyper-growth” companies with the intent of holding “forever”, which is as long as earnings are awesome and the stock is going strong. He is always 100% invested (aside from safety cash for multiple years of living expenses)
Thanks again, I will keep honing my skills and pestering you with refinement questions.
Pete
