I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Yea haha... I bought way too early
Do you really expect a sell off?
Well here's the intraday count for YM. Index dailies show c downs for a bit more.
Plus my Vector is bearish and I think more retrace for a day or two would be healthy, and fit nicely in the bigger counts in indexes. We're currently in 'c's as I see it. Dow could go as low as 600 before a bounce. And that low point will be crucial support as far as the count goes. But having said that, the market could rally very soon. My bias is just short right now, and I'll be happily buying after any more weakness as soon as the light turns green.
Cover this Dec YM at lod for +118 points. Stalking conservatively considering intraday Vector...it's strengthened so perhaps Mr. Bull is whispering....
Well good luck. If you're looking for something setting up for me right now is IRM I posted over at NB's Hot Pick thread. Great r/r; risk sub1% to target 16%. I also still really like my RE short dude.
Good luck!
Good afternoon Spikefader, hope your trades are all movin your way today dude!
I'm still holding that VPHM short position. Here's my reasoning to hold it. opinion?
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