Tyme has come today in beating the market

Tyme has come today in beating the market

In order to protect one’s ASSets, we must go into D - Fence mode since the Pied Piers will not teach you how to C Y A.

https://discussion.fool.com/tyme-has-come-today-in-beating-the-m…

Bonus:

1000 mile EV batteries coming down the pike. The touters are pushing for a fee (what’s in your wallet) that is for FREE below.

https://schrts.co/kftuWYQI

Note! you see the 13/50 for the long haul, Simon Sez 4 hidden (volume line), Simon Sez III via Simon’s Werld® by Quillnpenn all in plain sight for those who are Swing Traders.

Something to ponder and say Thank you for saving your SIX.

Quillnpenn - a poor church mouse scratching for a living as a Swing Trader for over 45 years.
------------ Vision - Multi-Millionaire…Goal - earn 1.3% - 2.5% compounded Daily

1 Like

No, Quill. FREY is NOT a ‘Buy’ on the basis of its current chart. Furthermore, EV’s are yet another gov’t scam that will fail. (IMHO, 'natch)

We can always switch to bicycles or roller skates.

Quill- I’m confused by your Note.
“Note! you see the 13/50 for the long haul, Simon Sez 4 hidden (volume line), Simon Sez III via Simon’s Werld® by Quillnpenn all in plain sight for those who are Swing Traders.”

  1. I assume 13/50 refers to SMA or EMA.
  2. “Simon Sez 4 hidden (volume line)” - Is there a new Simon Sez 4, i.e. a successor to Simon Sez III?
  3. “via Simon’s Werld” is this a reference to a website, booklet, or …?
  4. I would be appreciative if you would spell out the differences between the different versions of Simon Sez - SS1, SS2, SS3, and SS4.

Thanks for your help. I’m getting educated on your methods. Hope to put them into practice soon!

Mike

Mike,

The principles that underlie Quill’s methods --any version-- are sound. Some of the details aren’t, such as the 13/50 pair. As a bit of back-testing will confirm, there’s no magic in that pair of MAs. In fact, they and their variations don’t offer a right/wrong ratio that exceeds a coin flip (which isn’t a problem if outcomes are asymmetrical and left-hand tails are ruthlessly chopped).

What needs to be kept in mind is that Technical Analysis --and Fundamental Analysis as well-- is just a wind sock, not a crystal ball. Either is just a method of describing what seems to be happening --either with a stock or with its underlying-- about which guesses are made as to likely outcomes.

What matters in Quill’s methods is they offer investors as means to achieve evidence-based Consistency and Discipline. That’s how more money is pulled out of markets than one brings to them.

Arindam

4 Likes

Mike,

I need to echo and add to Arindam’s comments. But let me be clear, I totally support the concepts that are used in Quillnpenn’s approach; however, I want anyone who tries to follow such, to use some caution and look fully at things. He speaks with forked-tongue sometimes and the verbal diarrhea makes it hard to interpret the point.

First of all, EMA’s are valid tools and have been used by millions of traders, but you must fully evaluate what EMA’s you become comfortable with. People use a zillion combinations, including triple or sequential crossovers as indicators or signals. Common ones include 3/8, 5/9, 5/21, 13/34, 13/50, 21/50, 50/200, etc, etc. There are some who like 13/30 hourly crosses, there’s also a trading program that uses EMA’s of OHLC to generate Heikin-Ashi candles. Point is, YOU need to try a few different combinations on a number of stocks you are interested in following and see what works for you. The smaller the numbers, the “faster” the reaction but that doesn’t necessarily mean better as they lead to more whipsaw. Larger ones are less whipsaw, but are so “slow” that you can lose profits. EMA’s work most appropriately for Trend Trading when stocks are in trends. The difficulty right now is that trends are not as consistent in duration so use caution. You can still trend trade during down trends, but volatility (chop) makes it harder as the price can whipsaw you into submission. Agility is key.

Simon Sez. I have to defer to Quillnpenn what he is being so cryptic about with different versions, I don’t try to follow all that, but let me just point out an important detail. He is referring to price labels generated by Stockcharts.com. They are NOT simple highs and lows, they actually use a proprietary algorithm by Chip Anderson (and a couple others at Stockcharts). Let me quote Chip himself about them:

When using Price Labels, it is important to remember that Price Labels are not trading signals. They are not intended for that purpose.

The Price Labels are based on a calculation that looks “ahead” in time - i.e. it needs data on both the left and the right of the bar where the label appears. They are similar to the Zig Zag indicator in that regard. While it looks like they gave good signals in the past, that is because we “cheat” and look into the future when deciding where to draw them. That makes them useless for trading signals because you’ll never see a Price Label appear at the far right edge of a chart. Another problem is that Price Labels often move as the chart develops further. Finally, we sometimes tweak the exact algorithm we use for placing Price Labels and so we haven’t fully documented it.

Remember, Price Labels are there to show you the value of the stock at “significant” peaks and troughs so that you do not have to look those values up in a table or use the inspector and move your mouse to see them. That is their only real purpose.

Again, this is not to say don’t look at them, but rather, use your own judgement in how you use them as support for what you decide to do.

Best of luck in trading,

LakeDog

5 Likes

BTW Fool said don’t foolishly sell out, implied panic selling. But selling ahead of Ukraine would have saved me THOUSANDS. Foolishly I listened to a fool. Mkt has been taking a beating since last week!
JAACK

Arindam, Lakedog,

Thanks so much for the replies!

Let me give you a little background on myself. I’ve been a TMF lurker for a looong time, mainly on the Mechanical Investing board. In the early days I followed some of the screens on that board and did quite well on some, not so much on others. After awhile I got tired of screens failing to live up to their backtests and switched to John Bogle style investing - mostly index ETFs with an occasional company stock thrown into the mix. All of this was done with my tax-deferred retirement accounts and I have done well over the years.

I retired this past year (part of the great resignation!) and have kept my retirement funds invested as before. Now with more time on my hands I decided I would try to become a more active investor/trader. I have an account (non tax sheltered) with Robinhood with some of my Mad-money in it. I will do my trading out of this account. This will allow me to get my kicks at the casino without damaging my retirement funds. My retirement funds are at TDA and thus gives me access to their excellent ThinkorSwim tool.

The Goal? To learn, to play the game, and to possibly find some techniques that I can apply to my retirement account in order to stay ahead of inflation in the coming years.

Good luck to all,

Mike
QuickBuck

1 Like

“The Goal? To learn, to play the game, and to possibly find some techniques that I can apply to my retirement account in order to stay ahead of inflation in the coming years.”

Mike,

There isn’t “THE GAME”. There are an infinity of (investing/trading) games, as many --in fact-- are there are players, because each has unique set of skills, means, and goals. As proof of this, work your way through Jack Schwager’s series on “Market Wizards”, each of whom will say of methods others used, “Didn’t work for me”. What they all do agree on, though, is the method has to be tailered to its user. Or as Alex Eder says, “Market success is a matter of Money, Mind, Market” (where ‘mind’ refers to the personality of the individual investor/trader).

Quill is the best non-prop trader I know. But I can’t make his methods work for me --as he implements them-- because he doesn’t trade his methods rigorously, though he thinks he does. He’s a discretionary trader whose years and years of experience are what keeps him out of trouble and lets him turn a profit and whose unmatchable work ethic has him constantly trying new things. You’ll drive yourself crazy and broke if you try to make the bets he does, in the size he makes them. You gotta find your own path.

All of that said, what you can borrow from him is his insistence on evidence-based buy/sell decisions. No hoping. No arguing with “the market”. If chart says it’s time to get in or out, that’s what you do. How you build your charts is where things can get tricky. His charts suck. They are way too cluttered and messy.

Suggestion. Go back and re-read Ben Grahman’s, The Intelligent Investor. Borrow from him his distinctions between “Defensive Investing, Enterprising Investing, and Speculating”. Focus the bulk of your money on ‘defensive’, maybe 60%-75%. Allot 15%-20% to ‘enterprising’. Limit ‘speculating’ to 5%-10% max.

Another book you should work your way through is Justin Mamis, The Nature of Risk. A third is Ben Stein’s, Yes, You Can Time the Market. The very best website for running your experiments in charting is BarChart. For fundamental analysis, none is better than Simply WallStreet, though not cheap at $240/year.

Arindam

3 Likes

Mike,

Appreciate your position and welcome to the world of rewired investors (I refer to my retirement as rewirement). Let me encourage you to spend some time both in TOS (thinkorswim) as well their website of tdameritrade.com. In particular, you can access a ton of educational sources from their website, both technical and fundamental. They also have Youtube channels on a huge variety of webcasts. They hold on-line courses daily often doing weekly investments with a variety of rationale and techniques as demos. One place to explore those is:

https://events.tdameritrade.com/#/webcast

TOS is also very, very powerful. If you lean to the geek side, you can easily learn thinkscript, their coding language to generate specialty charts, watchlist columns, scans, etc. If you’re in to spreadsheets, you can pull realtime data from TOS into Excel. I learn everyday.

I’ll also point out Stockcharts.com which has a component called stockcharts TV and a huge variety of presenters to learn from. Most are recorded and you can subscribe to their Youtube channel to see a huge variety. Some are obviously self-promoting as they have businesses/services, but their are some I find very interesting and great to get their perspective. Stockcharts also has as section called ChartSchool which is a great resource for technical analysis questions as well as some fundamentals.

Explore and try to learn in general. Get exposed to a variety of thoughts and perspectives.

Good luck.
LakeDog

3 Likes

Lake,

I’d wholeheartedly second your enthusiasm for TD AmeriTrade’s TOS platform, which is far superior to Interactive Broker’s trading platform. Schwab bought TD about two years ago, and the integration is still ongoing. However, a Schwab insider assures me that the TOS platform won’t be messed with, because it’s far superior technology to what Schwab is inclined to develop on its own.

I’d also wholeheartedly second your enthusiasm for StockChart’s Chart School. Really excellent explanations. The downside of StockCharts is the limitations they impose on free accounts. No watchlists, whereas BarChart allows five watchlists, plus five saved chart templates. Also, BarChart includes the means to do some fundamental analysis, which can be important as a means of keeping oneself out of trouble.

The downside seems to be this. TD sucks for executing fixed-income for executions, but is the current best for getting stock and ETF trades done. (IMHO, 'natch) FirstTrade is also a decent shop, especially if one is buying OTC stocks (for which they don’t impose a commission.)

Arindam

2 Likes

Mike,

Will show you Simon Sez II, III, IV, 2% theory, Roulette, Baccarat. Take your time and practice, practice before investing a dime.

Simon Sez II

Simon Sez II. “Wait-one bar ARC to ARC” rule signal **

Re: Barchart.com

When an ARC aka Smiley Face appears do the following:

1 ) For the TOP ARC, we wait and wait until the next day when the price drops below the high signal to SELL the stock.

2 ) For the BOTTOM ARC, we wait and wait until the next day when the price bar is rising upwards to BUY the stock.

eg…https://www.barchart.com/etfs-funds/quotes/QQQ/interactive-c… a BUY signal has occurred on 10/04/19. We are now waiting for the next SELL signal.

For the very first time when viewing a chart, the default will go to Frequency: Daily 6 months. You can change the months to 2M or 1M or any time periods that will make you comfortable when viewing the Chart.

3 ) How to add the Stochastic RSI to the bottom: click on the study tab just above the chart and scroll down to Stochastic RSI and then click the apply tab. The RSI act as our confirmation tool. Look to the right side of the Over Sold (pink area)crossover to buy the stock.

** “Wait-one bar” rule signal is when the ARC appears, we wait for the next bar to the right to either rise or go down indicating a BUY or a SELL signal.


re: https://www.stockcharts.com/
re: https://www.barchart.com/
re: Frequency 1Day 30minutes
re: Frequency 1 month
re: Frequency 2 month
re: Swing Trading

So What Is Swing Trading?

Swing trading is the buying and selling of stocks all within the timeframe of a few days or several weeks. It’s a lot like day trading except the timeframe. After each buy and sell cycle, your slate is clean with no carry-over. It’s the opposite of passive, low-maintenance investing. Swing trading is active short-term investing because the “buy and hold” mantra does not apply.

https://medium.com/the-ascent/i-took-a-couple-years-off-of-w…

https://www.investopedia.com/trading/introduction-to-swing-t…

https://www.swing-trade-stocks.com/swing-trading-basics.html…

https://seekingalpha.com/ you can create your own portfolio. Seeking Alpha has all the latest and greatest news available.

Simon Sez II. “Wait-one bar ARC to ARC” rule signal ** Simon’s Werld® by Quillnpenn revised 12/1/2019

When an ARC aka Smiley Face appears do the following:

1 ) For the TOP ARC, we wait and wait until the next day when the price drops below the high signal to SELL the stock.

2 ) For the BOTTOM ARC, we wait and wait until the next day when the price bar is rising upwards to BUY the stock.

eg…https://www.barchart.com/etfs-funds/quotes/QQQ/interactive-c… a BUY signal has occurred on 10/04/19. We are now waiting for the next SELL signal.

For the very first time when viewing a chart, the default will go to Frequency: Daily 6 months. You can change the months to 2M or 1M or any time periods that will make you comfortable when viewing the Chart.

3 ) How to add the Stochastic RSI to the bottom: click on the study tab just above the chart and scroll down to Stochastic RSI and then click the apply tab. The RSI act as our confirmation tool. Look to the right side of the Over Sold (pink area)crossover to buy the stock.

** “Wait-one bar” rule signal is when the ARC appears, we wait for the next bar to the right to either rise or go down indicating a BUY or a SELL signal.

Now for the cheat sheet which can all be on a yellow Post-it in Blue, Green and Red colours.

Class - Simon Sez II - Holy Grail

Holy Grail: “something that people want very much, but which is very
difficult or impossible to achieve”. Just like getting a hole in one on a golf course.

Okay now for the Holy Grail part of having fun without really trying.
I believe we can make money with the aid of Simon.

eg… https://www.barchart.com/stocks/quotes/BCE/interactive-chart…
start with 12/12/19

eg…https://www.barchart.com/stocks/quotes/CNX/interactive-chart…
start with 11/08/19 and then 12/05

The Rules:

We have to use Red and Green OHLCs or candlesticks for now. The
option with black lines doesn’t show the big picture.

I have a hard time understanding the candlesticks. So go along with me
for now, using the coloured RED and GREEN OHLCs.

Here are the following rules that I found so far broken into two (2)
parts. TOP and BOTTOM.

To SELL @

TOP: RED or GREEN ARC appearances

When you see the GREEN ARC = Wait-one day rule applies

When you see the RED ARC = SELL immediately when it appears.


To BUY @

BOTTOM: RED or GREEN ARC appearances

When you see the GREEN ARC = BUY immediately when it appears.

When you see the RED ARC = Wait-one day rule applies

These charts are perfect for Tetter Tottering via the MDP (million-dollar portfolio) eg…SPXL / SPXS: QQQ / PSQ.

The Teeter Totter Principle is all about using a “seesaw” to balance your Nest Egg’s cash and investments.

Simon Sez II Barchart setup from scratch.

You can see on the TOS charts using one of the TTM studies, however, it will be at least 4 bars late if watching the chart. Then it will show up that will match the Barchart signals to buy or sell in delay mode which isn’t too swift.

To get better access to Barchart, you have to register for FREE. For now, you don’t have to sign up for the preme’s, for there are plenty of areas to observe that is needed. They send email nightly reports.

  1. At the top and to the right of GO shows the icon of OHLC, click and play with what you like.

  2. When viewing new charts for the first time, the Frequency: will default to Daily 6M. change to 2M, look, change 3M, look, change to 1M. I use 2m as my default.

  3. at the top right-hand corner click on “my Account” for creating setups such as chart templates. Going forward, every chart has to be set with your favourite template. Then every time you call up your chart, all the settings will be attached.

  4. click on at the top “Dashboard” and you see a full-blown chart and notice on the far right is a vertical blue strip. Click around to see what it has. At the top also is a “tutorial” to look at.

  5. If you have a second monitor, just click and drag the dashboard to the second monitor.

  6. Back to the “Account” click on Watchlist and create up to 5 Free lists.

  7. If you are a day trader, I can set you up. and for an hour’s worth of work, you can make hundreds maybe thousands a day. Or have a target of 1.3 % profit on average to 2% or more and done for the day. Best trading days are when the Green Bars show up to have fun. Man making money is Booooooring. Meaning the waiting and waiting with patience and discipline. Werks for me.

  8. On the chart, you can make minor adjustments just below the dates at the bottom. Just left-click and drag just a little. same for the dollar amount area just left click and drag up and down ever so slightly. On the chart itself, you left-click and drag it left and right and observe the ARCs. Observe there will always be two (2) arcs. the chart shown below should show a Sell signal far left at the top and on March 23rd an ARC. now grab the chart and shift the chart to the right and watch 4/17 ARC appear slowly. It could take days before a Sell signal appear.

  9. If you see the letter D in blue, it says the Ex-dividend date, not the dividend pay date.



<>Simon Sez III<>

How to set up the Stockcharts with the new ACP charts.

  1. Go stockcharts.com assuming you are now a paid subscriber
  2. click on Charts & Tools
  3. enter a ticker symbol in the StockchartsACP [new]
  4. now we have to set up the bells and whistles to look like the sample charts. At the top insert the XLE ticker symbol to the right of the word Stockcharts.
  5. at the top is a high-lited blue icon.
  6. below the XLE ticker will be 3 lines to be added. 5 o’clock position.
  7. the first line is a type of chart. I have Heikin-Ash
  8. second line RSI (4) by selecting the RSI from the indicators below.
    8a. Click on the word RSI
  9. make cosmetic adjustments. The period should say 4
  10. Click on the rsi line to dark blue
  11. Click on overbought to blueish look at the sample.
  12. Click on the Oversold to red-ish
  13. close
  14. Next add StochasticRSI from the indicators pool
  15. make cosmetic adjustments. The period should say 14
  16. repeat the same colour patterns as above.
  17. close
  18. Click on the second icon from the top and then look for Murphy (default) for color schemes. At a later time, you can change to what you like.
  19. Click on the 4th icon from the top and the default should have a blue dot next to the word trendline.
  20. go back up to the first icon image.
  21. review all the settings colors starting with Henkin-Ashi, then RSI(4), then StochRSI (14).
  22. Done and now click on SAVE at the top black URL line.
  23. On the far right is more ICONs loaded with good information. You can monitor how my XL’s are doing by click on the Globe ICON and then Sector SPDR’s and then click on a ticker symbol.

Now, click on the Daily and play with other timetables. The 4 hours I use for trading $ETHUSD.


Simon III and company will make you a wealthy person over time by learning Risk and Money Management skills.

See Simon Sez III below

re: Swing Trading
re: Stockcharts
re: Barchart
re: Price Label
re: 999 to 1000 percent batting average

So What Is Swing Trading?

Swing trading is the buying and selling of stocks all within the timeframe of a few days or several weeks. It’s a lot like day trading except the timeframe. After each buy and sell cycle, your slate is clean with no carry-over. It’s the opposite of passive, low-maintenance investing. Swing trading is active short-term investing because the “buy and hold” mantra does not apply.

Simon Sez III. “Wait-one bar” after Price label to Price label rule signal per Simon’s Werld® by Quillnpenn revised 12/1/2020.
Re: New ACP stock charts via Stockcharts.com for subscribers or nonsubscribers.
Re: RIOT
re: $ETHUSD daily
re: $ETHUSD 30 minute.

When a Price label appears to do the following:

1 ) For the TOP Price Label, we wait and wait until the next bar when the price drops below the high signal to SELL the stock to help protect your ASSets.

2 ) For the BOTTOM Price Label, we wait and wait until the next bar when the Price bar is rising upwards to BUY the stock.

For the very first time when viewing a chart, the default will appear, however, make some minor adjustments for a better view. When the Setup procedure is complete (see way below), the charts will always pop correctly thereafter.

3 ) Add the Stochastic RSI(14) to the bottom

The Stochastic RSI acts as our confirmation tool. Look to the right side of the Over Sold (pink area)crossing up and over the 0.20 line to buy the stock.


Cheat Sheet:

Class - Simon Sez III - Holy Grail

Holy Grail: “Something that people want very much, but which is very
difficult or impossible to achieve”.

Okay now for the Holy Grail part of having fun without really trying.
I believe we can make money with the aid of Simon. If NOT, you get detention for failing to read and review the two (2) simple rules.

The Rules:

Here are the following rules that I found so far broken into two (2)
parts. TOP and BOTTOM.

To SELL @

TOP: When you see the Price label = Wait-one bar rule applies to SELL to help protect your ASSets.

When you see the RED Candle, GREEN Candlestick BELOW the Price label (centered) = SELL immediately when it appears.


To BUY @

BOTTOM: When you see the Price label = Wait-one bar rule applies to BUY.

When you see the GREEN Candle, RED Candlestick ABOVE the Price label (Centered) = BUY immediately when it appears.

I am using the Daily and the 30-minute charts to make money faster. 4-hour chart for the cryptos all day long.

These charts are good for swing trading and for long-term investments such as the XL’s (xle, xlc, xlf, et.,al) to hold and trade forever since 1999. Includes Dividends at the end each QUARTER eg…3-6-9-12. Stocks must be bought before the ex-dividend date. NOT on, but before the date to get the dividend checks thereafter.

https://www.sectorspdr.com/sectorspdr/sector/xlk XLK - Technology Select Sector SPDR Fund.

https://www.sectorspdr.com/sectorspdr/sectors been swing trading the XL’s since January 1999 with a 999 to 1000 percent batting average.

These charts are perfect for Tetter Tottering via the MDP (Million Dollar Portfolio) eg…SPXL / SPXS : QQQ / PSQ.

The Teeter Totter Principle is all about using a “seesaw” to balance your Nest Egg’s cash and investments.

Note !

ACP stock charts: if a subscriber go to stockcharts.com otherwise the charts can’t be seen.

  1. Call up stockcharts
  2. far left click on Charts & Tools
  3. enter ticker symbol where it says "StockChartsACP [new]
  4. enter DOCU which will show all of the rules that are used as an example. ZM will show an example of a loss on 11/09/20. We don’t care, just move on.
  5. clean the left side and clean the right side to show a Daily or 30-minute chart.

Use $SPX as a reference to show how the market is doing in comparison to your favourite chart.


Simon Sez III Continued . . . . . . . . .

See Simon Sez III below

re: Swing Trading
re: Stockcharts
re: Barchart
re: Price Label
re: 999 percent batting average

So What Is Swing Trading?

Swing trading is the buying and selling of stocks all within the timeframe of a few days or several weeks. It’s a lot like day trading except the timeframe. After each buy and sell cycle, your slate is clean with no carry-over. It’s the opposite of passive, low-maintenance investing. Swing trading is active short-term investing because the “buy and hold” mantra does not apply.

https://medium.com/the-ascent/i-took-a-couple-years-off-of-w…

https://www.investopedia.com/trading/introduction-to-swing-t…

https://www.swing-trade-stocks.com/swing-trading-basics.html…

https://seekingalpha.com/ you can create your own portfolio. Seeking Alpha has all the latest and greatest news available.

Simon Sez III. “Wait-one bar” after Price label to Price label rule signal per Simon’s Werld® by Quillnpenn revised 12/1/2020.
Re: New ACP stock charts via Stockcharts.com for subscribers.
Re: https://stockcharts.com/acp/?s=RIOT
https://stockcharts.com/acp/?s=%24ETHUSD daily
https://stockcharts.com/acp/?s=%24ETHUSD 30 minute.
https://www.barchart.com/stocks/quotes/RIOT/interactive-char…

When a Price label appears to do the following:

1 ) For the TOP Price Label, we wait and wait until the next bar when the price drops below the high signal to SELL the stock to help protect your ASSets.

2 ) For the BOTTOM Price Label, we wait and wait until the next bar when the Price bar is rising upwards to BUY the stock.

eg…https://stockcharts.com/acp/?s=QQQ a BUY signal had occurred on 11/03/20. We are now waiting for the next SELL signal.

For the very first time when viewing a chart, the default will appear, however, make some minor adjustments for a better view.

3 ) Add the Stochastic RSI(14) to the bottom

4 ) Add RSI(4) above the Stochastic RSI panel.

The Stochastic RSI acts as our confirmation tool. Look to the right side of the Over Sold (pink area)crossing up and over the 0.20 line to buy the stock.

The RSI(4) will show that the stock is on the rise as a confirmation. Observe that signal rises above the 50.00 (50 yard) line.


Cheat Sheet:

Class - Simon Sez III - Holy Grail

Holy Grail: “something that people want very much, but which is very
difficult or impossible to achieve”. Like getting a hole in one on a golf course.

Okay now for the Holy Grail part of having fun without really trying.
I believe we can make money with the aid of Simon.

The Rules:

Here are the following rules that I found so far broken into two (2)
parts. TOP and BOTTOM.

To SELL @

TOP: When you see the Price label = Wait-one bar rule applies to SELL to help protect your ASSets.

When you see the RED Candle, GREEN Candlestick BELOW the Price label (centered) = SELL immediately when it appears.


To BUY @

BOTTOM: When you see the Price label = Wait-one bar rule applies to BUY.

When you see the GREEN Candle, RED Candlestick ABOVE the Price label (Centered) = BUY immediately when it appears.

I am using the Daily and the 30-minute charts to make money faster.

These charts are good for swing trading and for long-term investments such as the XL’s (xle, xlc, xlf, et.,al) to hold and trade forever since 1998. Includes Dividends

https://www.sectorspdr.com/sectorspdr/sector/xlk XLK - Technology Select Sector SPDR Fund.

https://www.sectorspdr.com/sectorspdr/sectors been swing trading the XL’s since January 1999 with a 99 percent batting average.

These charts are perfect for Tetter Tottering via the MDP (Million Dollar Portfolio) eg…SPXL / SPXS : QQQ / PSQ.

The Teeter Totter Principle is all about using a “seesaw” to balance your Nest Egg’s cash and investments.

Note !

ACP stock charts: if a subscriber goes to stockcharts.com otherwise the charts can’t be seen.

  1. stockcharts
  2. far left click on Charts & Tools
  3. enter ticker symbol where it says "StockChartsACP [new]
  4. enter DOCU which will show all of the rules that are used as an example. ZM will show an example of a loss on 11/09/20. We don’t care, just move on.
  5. clean the left side and clean the right side to show a Daily or 30-minute chart.

Use $SPX as a reference to show how the market is doing in comparison to your favourite chart.

How to set up the Stockcharts with the new ACP charts.

  1. Go stockcharts.com assuming you are now a paid subscriber. If not, you can use the Kwik Setup at the bottom.
  2. click on Charts & Tools
  3. enter a ticker symbol in the StockchartsACP [new]
  4. now we have to set up the bells and whistles to look like the sample charts. At the top insert the XLE ticker symbol to the right of the word Stockcharts.
  5. at the top is a high-lited blue icon.
  6. below the XLE ticker will be 3 lines to be added. 5 o’clock position.
  7. the first line is a type of chart. I have Heikin-Ash
  8. second line RSI (4) by selecting the RSI from the indicators below.
    8a. Click on the word RSI
  9. make cosmetic adjustments. The period should say 4
  10. Click on the rsi line to dark blue
  11. Click on overbought to blueish look at the sample.
  12. Click on the Oversold to red-ish
  13. Close
  14. Next add StochasticRSI from the indicators pool
  15. Make cosmetic adjustments. The period should say 14
  16. Repeat the same colour patterns as above.
  17. Close
    17a. Go back to the top and click on the first line below the CHART SETTINGS, then go to the bottom and click on Up Color, change to Dark Green.
    17b. Close
  18. Click on the second icon from the top and then look for Murphy (default) for color schemes. At a later time, you can change to what you like.
  19. Click on the 4th icon from the top and the default should have a blue dot next to the word trendline.
  20. go back up to the first icon image.
  21. review all the settings colors starting with Henkin-Ashi, then RSI(4), then StochRSI (14).
  22. Done and now click on SAVE at the top black URL line.
  23. On the far right is more ICONs loaded with good information. You can monitor how my XL’s are doing by click on the Globe ICON and then Sector SPDR’s and then click on a ticker symbol.

Now, click on the Daily and play with other timetables. If not a subscriber, you won’t be able to see the different timetables. The 4 hours I use for trading $ETHUSD all day long.


For a Kwik setup as a non subscriber.

  1. Call up stock charts

  2. Click on charts & Tools

  3. Enter PYPL in the Stockcharts ACP [new] box as an example

  4. At the top black bar, I am currently using OHLCBARS and CANDLESTICKS

  5. Where it says PYPL - PayPal Holdings, Inc., click on the ICON to the left and then click on the sprocket wheel on the right.

  6. Near the bottom are other settings and make sure the Price Labels and Y-Asix Labels boxes are checked off

  7. Close

  8. Next, add StochRSI(14) indicators as a confirmation signal to buy the stock. The cyan at the top is for selling as it crosses below the 0.80 line.

  9. Make changes for the blue (cyan) and the pink on the bottom

  10. Click off the blue chart pattern icon off (top left-hand corner).

  11. Viggle the mouse back and forth for fun

  12. Click on CANDLESTICKS at the top to see what it looks like

  13. Next, add True Strength Index (TSI)

  14. Make changes to the period settings to 16,8,4.

  15. change colors for the TSI Line to Green, and Signal Line to Red.

  16. The TSI is a confirmation of the Price labels. Green crossing up and over the red line is a buy signal. The inverse for selling.

  17. Click on C L O S E.

Being FREE you can’t see the minute-by-minute charts in the Daily box at the top. The daily is the default.

For fun look at UBER Daily chart and see my progress with 1000 shares at each buy signal starting way back in November. Should see 6 1/2 successful trades at 1000 shares

Enjoy the successful journey that has been presented. Please take your time. This is a lifetime project of earning wealth.

Quillnpenn -


Simon Sez IV

One Trader only trades AAPL for a living and nothing else and now a Millionaire.

https://tinyurl.com/37kdhmmm go to time 16:50 for the basic model BUY and to SELL.

https://drive.google.com/file/d/1yuBfE6Ix31aFiBwHUu61xWF0j37…

Barchart Setup :

re: AAPL chart - it only takes a few minutes for an informed decision in the morning.

Create Simon Sez IV template

  1. Upper right-hand corner, click on “My Account”.

  2. Find chart templates

  3. Enter a Name eg. . (Simon Sez IV)

  4. Symbol: Period Daily, 2 or 3 months
    —Bar type: Heikin Ashi, and should see or click on for the following: green box, red box, black box, black box
    —show high/low
    —extended hours checked off
    —real-time checked off

  5. Display - Don’t touch

  6. Source - Don’t touch

  7. Futures - Don’t touch

  8. Events - Option to look at Dividends, Earnings to be posted on chart

  9. Appearance - Don’t touch

  10. Studies:
    add a study
    select a study:

Moving Average Triangle (5)
Moving Average Weighted (10,0)
Stochastic RSI (14,20)
True Strength Index (16,8,4)

  1. Comparisons: For now do not touch. Comparing one ticker symbol to another ticker symbol

  2. Click on SAVE

  3. Enter ticker AAPL, double left mouse button, or click on Full Chart

  4. At Template box, left-click on Select Simon Sez IV

  5. Observe the TSI at the bottom and the chart, use both to make an informed decision

  6. re: AAPL
    16a) place mouse on 9/9/21 to Sell
    16b) place on 10/7/21 to Buy
    16c) place on 10/29 to Sell
    16d) place on 11/2 to buy back

17 re- MSFT - 10/5/21 Buy - Notice the MA’s on the chart

18 - QQQ
19 - BX
20 - CELH
21 - COP
22 - COST
23 - XLE
24 - SPXL / SPXS trading since February of 2006.
25. QCOM
26. GOOGL


Class - Simon Sez IV - 01


Simon Sez IV

Tool: Daily Heikin Ashi charts with the True Strength Index (TSI) confirmation signal.

Buy: On the first GREEN Heikin Ashi candle after the last RED candle.

Sell: On the first RED Heikin Ashi candle after the last GREEN candle.

Confirmation is to Buy when the GREEN line crosses up and over the RED line heading North.
Confirmation is to Sell when the GREEN line crosses down over the RED line heading South.


Simon Sez IV

One Trader only trades AAPL for a living and nothing else and now a Millionaire.

https://tinyurl.com/37kdhmmm go to time 16:50 for the basic model BUY and to SELL.

https://drive.google.com/file/d/1yuBfE6Ix31aFiBwHUu61xWF0j37…

Barchart Setup :

re: AAPL chart - it only takes a few minutes for an informed decision in the morning.


Class - Simon Sez IV - 01

Simon Sez IV

Tool: Daily Heikin Ashi charts with the True Strength Index (TSI) confirmation signal.

Buy: On the first GREEN Heikin Ashi candle after the last RED candle.

Sell: On the first RED Heikin Ashi candle after the last GREEN candle.

Confirmation is to Buy when the GREEN line crosses up and over the RED line heading North.
Confirmation is to Sell when the GREEN line crosses down over the RED line heading South.


Create Simon Sez IV template

  1. Upper right-hand corner, click on “My Account”.
  2. Find chart templates
  3. Enter a Name eg. . (Simon Sez IV)
  4. Symbol: Period Daily, 2 or 3 months
    —Bar type: Heikin Ashi, and should see or click on for the following: green box, red box, black box, black box
    —show high/low
    —extended hours checked off
    —real-time checked off
  5. Display - Don’t touch
  6. Source - Don’t touch
  7. Futures - Don’t touch
  8. Events - Option to look at Dividends, Earnings to be posted on chart
  9. Appearance - Don’t touch
  10. Studies:
    add a study
    select a study:

Moving Average Triangle (5)
Moving Average Weighted (10,0)
Stochastic RSI (14,20)
True Strength Index (14,7,7)

  1. Comparisons: For now do not touch. Comparing one ticker symbol to another ticker symbol

  2. Click on SAVE

  3. Enter ticker AAPL, double left mouse button, or click on Full Chart

  4. At Template box, left-click on Select Simon Sez IV

  5. Observe the TSI at the bottom and the chart, use both to make an informed decision

  6. re: AAPL
    16a) place mouse on 9/9/21 to Sell
    16b) place on 10/7/21 to Buy
    16c) place on 10/29 to Sell
    16d) place on 11/2 to buy back
    18 - BX
    19 - COP
    20 - MSFT - 10/5/21 Buy - Notice the MA’s on the chart
    21 - CELH
    22 - COST
    23 - XLE
    24 - QCOM
    25 - SPXL / SPXS trading since 2006.
    26 - GOOGL


https://www.tradingview.com/chart/pLXQT71J/?symbol=NASDAQ%3A…

This is how to set up Tradingview.com’s charts.

Try now.

call upon your computer Tradingview.com

change the default symbol to:

KRE - Now observe many Green bars heading north.

or ETHUSD

or AAPL

or CELH - my CASH Cow

Then change the tab to the right of the symbol box to Day.

Next Tab to the right change to the Heikin Ashi chart.

These are Simon Sez IV-type charts.

On the far right is the Watch list. Call up a new chart and right-click on the chart then Add the chart viewed by clicking on the little right arrow then check off the Watchlist box and observe is the list to see if was added.

You have all the information on how the Heikin Ashi charts work.


re: Simon Sez IV
re: 2% theory

Forgot to mention the Cash Cow portfolio that I have been in since November of 1999 as shown below.

Remember we manage portfolios and NOT chase HOT Steamin tips from idiots.

https://www.sectorspdr.com/sectorspdr/ peruse around the site at your leisure.

https://tinyurl.com/2k4su4v9 - You can swing trade via the Simon 4 and or swing trade the portfolio or use the 2 or 2.5% theory via compounding starting with just $500.00 or $1,000.00. After day 29, you get your money back and use the Bank’s money thereafter.

Review the Components For S&P 500 index in the blue shaded box and notice the % change column for Selecting Timeframe 1 day. Look at 5 days etc., et, al.

I have created the 2% matrix and currently writing the simple procedures.

In other words, on or about the 159th-day mark, you can have the possibility of earning $ 1,236.00 daily or 10 times that amount (meaning if you own 10 stocks) every day or more if you wish or earn over 2 million dollars every year. There will be days with nothing to do.

With the 2% or 2.5% theory, you can get a NEW car for FREE every year. Go on vacations all over the world, go on cruises any time if you want First Class.


Re: Simon Sez IV

Look at my UBER as part of my Daily Morning Portfolio Via Tradingview.com’s setup.

Not supposed to buy hit and runs. We manage portfolios.

bought 300 shares on December 15th per the buy signal. A sixth grader can do this.

CELH, AAPL, MSFT, SPXL, SPXS, QQQ, PSQ, SSO, QLD, DDM, UBER, XLE.

Now, the following Scanning tool/s find the starting gate for the TSI xovers. Awesome after the xover, the stock tends to rise. A lot of them find the first GREEN bar after the last RED bar as well.

eg. ADPT - the GREEN bar rose 3.3 percent. Rules after purchase, place a SELL Limit order plus 2%. Would have earned a kwik 100 + bucks.

I prefer to scan solid portfolios instead of using the shotgun approach since the latest scan found 133 candidates

                  • – – - - - - - copy paste and run the scan - - - - - -

//Scan 22 UP - True Strength 16,8,4 - EMA 20

[type = stock] AND [country = US] and [Daily EMA(20,Daily Volume) > 500000]

//and [SCTR > 90]

and [TSI(14,7,7) x TSI Signal(16,8,4)]

//and [TSI Signal(16,8,4) x TSI(16,8,4)]


// Scan 22 DWN - True Strength 16, 8, 4 - EMA 20

[type = stock] AND [country = US] and [Daily EMA(20,Daily Volume) > 500000]

//and [SCTR > 90]

//and [[TSI(14,7,7) x TSI Signal(16,8,4)]

and [TSI Signal(16,8,4) x TSI(16,8,4)]


Simon Sez IV continuted plus . . . . 2% theory currently on day 97

The problem is there are two (2) options to trade with Simon IV via the red and green bars or the 2%.

I would go to line 82 and put up $5,072.41 and get 2% or $101.45 on the 2% crypto theory chart.
I want to go as far as line 199 then freeze on that line. And go into a loop, over and over at 1,008.00 a day I get there, I will unload all my stocks and just play with line 199 with about 4 or 5 stocks.

https://www.barchart.com/news/chart-of-the-day every day I get a message from Barchart about the Chart of the Day. It is have been gnawing at me for a long time using tradingview.com’s charts with no MA’s. As they say, a picture is worth a thousand words.

                                                      • scrambling parts - - - - - - - - -Trying to figure out a logical order procedure.

Stocks to own and earn a million dollars or more: AAPL, MSFT, SPXL, QQQ. Backup COST, CELH.

An easy guide From Amazon with a 3 % goal to earn 1 million dollars.

https://tinyurl.com/bdzy99hr

“The Millionaire Blueprint: How To Turn $100 Into $1,000,000.00 Within One Year”

eg . . 2% Spreadsheet. Follow along until you understand the flow. It is up to you to invest at your own pace.
re: https://www.tradingview.com/chart/pLXQT71J/ using Simon Sez 4 rules via Heikin Ashi charts.

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%
.
.
.
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.


2% theory investing with ease

An easy guide From Amazon with a 3 % goal to earn 1 million dollars.

https://tinyurl.com/bdzy99hr

“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%
.
.
.
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.

All my stocks / ETF’s come TradersPro (breakouts and New Buys) every night I review the top 10 and wait for the following morning to see if they move upwards the following morning.


On line at Baccarat and Roulette

re: Martingale
re: Simongale

re: $500.00 per day Simongale with $915.00 bankroll inorder to start.

$100.00 x 5 sets


First bet  $10.00      = $10.00 win $10.00, if lost proceed to the next line.  After each win,  go back to $10.00. Stir rinse and repeat.

$10.00  x 2 + 5.00    = $25.00 win  $15.00

$25.00  x 2 + 5.00    = $55.00 win  $20.00

$55.00  x 2 + 5.00    = $115.00 win $25.00

$115.00  x 2 + 5.00   = $235..00 win $30.00

$235.00  x 2 + 5.00   = $475.00 win  $35.00



Bankroll =  Divide by 100 = Bet

$500       =  $5.00
$1,000     = $10.00
$5,000     = $50.00
$10,000    = $10.00           
$20,000    = $20.00

Martingale even money bets  1:1
Martingale up to 5x


Roulette:

For the first time play TIE 3x @ $10.00

Watch the board numbers / red/black

$25- $50- $75- $100- $125- $150 etc…

Earning $500.00 x 5 per day x 360 days ONLINE. Do NOT play on electronic devices.
Betting from $0.10 to $12,000. vs Brick and Mortar with a higher table amount.

House way rules:

To start wait for BLACK, then play BLACK with $ 25.00, If won up 1 chip, continue until lost -
Then Play RED with $25.00, continue up 1 chip until lost -
Then Play BLACK with $25.00, continue up 1 chip until lost-
Then Play RED with $25.00, continue up 1 chip until lost -
Then Play BLACK with $25.00, continue up 1 chip until lost-
etc., etc., until earned $ 500.00 or target


Baccarat:

For the first time play TIE 3x @ $10.00

To start wait for Banker then play Banker with $ 25.00, If won up 1 chip, continue until lost -
Then Play Player with $25.00, continue up 1 chip until lost -
Then Play Banker with $25.00, continue up 1 chip until lost-
Then Play Player with $25.00, continue up 1 chip until lost -
Then Play Banker with $25.00, continue up 1 chip until lost-
etc., etc., until earned $ 500.00 or target


To start wait for Odd then play Banker with $ 25.00, If won up 1 chip, continue until lost -
Then Play Even with $25.00, continue up 1 chip until lost -
Then Play Odd with $25.00, continue up 1 chip until lost-
Then Play Even with $25.00, continue up 1 chip until lost -
Then Play Odd with $25.00, continue up 1 chip until lost-
etc., etc., until earned $ 500.00 or target


Same for
Low numbers 1-18
High numbers 19 - 36


Something to ponder

Quillnpenn - a poor church mouse scratching for a living as a Swing Trader for over 45 years.
------------ Vision - Multi-Millionaire…Goal - earn 1.3% - 2.5% compounded Daily

2 Likes

Dawg,

NICE VIEW !!!

Quill -

Wow…

Talk about an embarrassment of riches. Thank you all for you your replies. I have my homework assignments. Yes Lakedog, I lean to the geeky side and will dig deeply into TOS. I have used Stockcharts in the past but have not explored beyond my favorite indicators. I will remedy that. Arindam, I was aware of the Schwab purchase of TDA. Very glad to hear that they won’t be changing TOS. Quill - thank you for your very thorough post and explanation of the Simon Sez methods and others. I will take my time to absorb it.

Again, thank you all for your replies!

Time to start on my homework.

Regards,

Mike

Dawg,

Do you play Baccarat or Roulette?

I would like you to tell the following person he does not know what he is talking about since you like to bash my Simon Sez IV technique. I have been trading AAPL since 2007 when I got laid off via Simon Sez III with great success.

I tried and couldn’t get past his support team.

https://tinyurl.com/2p8u45et

Price labels bought me a 2014 TESLA Model S P50 cash ($120,000.00). I don’t know what your miss understanding is.

Have a nice day.

Quill -

review at your leisure: https://discussion.fool.com/lake-dog-thanks-for-your-hard-work-o…
The Holy Grail werks on any stock and Cryptocurrency charts ( 15 minutes or daily) with patients and disciplines as a Swing Trader. Listen to the Piped Pipers, your dead in the water as a HODler (hanging on for dear life). traderspro and magic formula investing (free) give outstanding suggestions right out of the gate. I like to use also Petty Ca$h technique as well.

Watching and owning FREY and TSLA. GM to possibly buy the 2022/2023 Cadillac LYRIQ in Cash.

since you like to bash my Simon Sez IV technique.

For the record, I’m not bashing your techniques, but wanting folks to think hard about what you are saying (or not saying) and decide for themselves. Trying to get them to look for more perspective in general. As you say, NO one can trade another man’s system NO matter how good the system is, the borrower will screw it up sooner or later. So why do you throw stuff out and expect everyone to be able to? I want them to think for themselves before jumping in.

Your 13/50 ema cross that you have pushed for years is a classic example. Arindam has made the point many, many times that using it as a single signal sucks. It certainly can work by itself in solid trending situations, but generally over significant time. You have largely implied in the past that it is the single signal you use, but obviously you are using other indicators with it to help make decisions. That’s fine, that’s really how it should be. And more recently, you seem to have made a couple references to supporting indicators, perfect. Make a point of those aspects.

Your use of Stockcharts price labels is very similar. They are good in many ways, developed by some smart people at Stockcharts. Folks just need to know that you and they are following blindly since you do not actually know what the propriety algorithm is. Even the folks at Stockcharts are honest enough to say “look, we believe in what we do, it’s done well in the past, but still use caution.” That’s the only reason for the quote by Chip. Actually, that’s really the main point of my comments. But also for the record, the folks at Stockcharts are good folks to learn from. Look at Stockcharts TV. Look at ChartSchool. Check out the SCTR “scooter” scores. Learn the perspectives.

And I like Heikin-Ashi candles, a lot. Have used them for years. Have had chats with Dan Valcu and his use of them. But they are a tool. Personally, to me it’s a lot like any mechanical tool, you need to learn how it works and how to use them. Least you shot yourself in the foot. And if you do, then at least you have only yourself to blame.

I’m not interested in a pi$$ing match. While you and I may play in the 8-figure world, nobody cares. I’m concerned for the 4-figure players out there that might get burned by not fully understanding, not using good money and risk management, by blindly following anyone’s hype. Even if the core of the hype can work, they need to understand it. And right now in particular, there are some folks struggling with the volatility of the market and I don’t want them to be too quick to jump. At least not without looking where they are jumping.

Even the Fool can teach a lot. Although, personally, I use technical analysis to monitor and react to their suggestions if and when they breakout. They serve as one source of watchlists to evaluate, but not blindly follow.

Good luck trading,
LakeDog

4 Likes

“While you and I may play in the 8-figure world, nobody cares.”

Lake,

I can’t even imagine trying to put that much money to work. I’d be vomiting in fear at the size I’d have to trade. Even “four-figures” is more discretionary money than most people have or would feel comfortable putting at risk in our current derivatives casino (aka, the secondary stock market.) And they should be scared, because three decades of Fed interventions have all but destroyed genuine price-discovery and the opportunity for classic, sensible, Ben Graham-style, value investing. What mostly remains is “trading” --the short-term, in-and-out stuff-- that is more work and worry than most people want to take on for themselves.

Yeah, Quill’s program is problematic, because it isn’t a “set 'em and forget 'em” program, but depends on doing nightly scans and then being on a computer screen every day at market open and staying on that screen until markets close. Quill can do that. But most people have a day job, plus interests apart from the artificialities of financial markets, most of which --in fact, such as bonds, commodities, and currencies --Quill ignores, as well as the world of mutual funds, which is where I argue that small money, small skills investors should begin. Not with stocks, whose fundamental vetting can be very demanding and whose volatility can be devastating. Not with trading currencies, which is often pitched to small money accounts, nor options. Nor bonds, which --though simple to vet – require big bucks to manage their risks.

What are the upsides to (open-end) mutual funds? Easy to get exposure to nearly every asset-class that Wall Street has cooked up, plus inverses. Often entries as low as $1. Simple, single, once-a-day pricing. Some fund families even have no mandatory holding-periods. In short, mutual funds are an easy way to gain the investing/trading skills that most should be using to manage their 401ks (if they are misfortunate enough to have been cursed with one instead of being given an old-fashioned, defined-benefits, pension plan).

Why is Quill enamoured with the 13/50 crossover? Because someone once suggested it to him, and Quill found he could make it work. But when that pair is backtested --along with every variant-- NONE of them offer a right/wrong ratio as good as a coin-flip. I’ve done the backtesting in MetaStock and a legacy program called StockAnalze. For sure, as you suggest, in trending markets, nearly any set of technical indicators will offer profits, but --typically-- never better profits than Buy-and-Hold, which isn’t to say that is a good method, either. That’s the problem for both “investors” and “traders”. Prices reverse, often deeply and unexpectedly. E.g., why were prices up strongly Friday, but rolled over again today? And if anyone thinks imposing “sanctions” on the Russians won’t have a greater negative impact on them imposing them, they aren’t paying attention.

Arindam

3 Likes

Nick,

Thanks for the heads up. I too am concerned that the folks relying on what the Piped Pipers are telling them what to do, but, never tell them when to sell to help protect their ASSets. I see so many complaints and want their money back.

Good luck too as well in your education and training skills.

Best regards,

Quillnpenn -

1 Like