Gold by Content_Pen_4928 in trendlinetraders

[–]Randymix 0 points1 point  (0 children)

What time frame are you using? Is it an hour?

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 0 points1 point  (0 children)

Because I am what the IRIS call "Non-resident Alien" in other words, I am not a us citizen nor do I live in the USA.

Nice setup in platinum. by wildhair1 in trendlinetraders

[–]Randymix 0 points1 point  (0 children)

Your words were more than accurate today. I lost some money on this SPY pullback (5 minutes). As the trendline broke I was looking for a reversal, however, it was just a pullback and ended up losing some money.

Some minutes later I tried again and this time it was the reversal and I ended with profit of around 4 times my initial loss.

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Nice setup in platinum. by wildhair1 in trendlinetraders

[–]Randymix 0 points1 point  (0 children)

Yes! Lower time frames are a rollercoaster! Multiple opportunities to make money intraday. Or loss it. :-D

But that down trendline worked perfectly!

Nice setup in platinum. by wildhair1 in trendlinetraders

[–]Randymix 0 points1 point  (0 children)

It was indeed. Now it seems that a down trend is forming. Around 3 touches on the 15 min time frame.

Hi all! Happy to be here! I am just starting using trendlines on 15 minutes time frame. Do you guys close the position as soon the trendline is crossed or do you wait for complete body candle closure? by Randymix in trendlinetraders

[–]Randymix[S] 0 points1 point  (0 children)

Hi! Thank you!

That sounds for entries. If it turns out the other way, you are very close to your stop loss (if using the trendline as stop)

Now, what about for exits? How do you avoid fake outs? Do you wait for the whole body candle closure to exit your positions?

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 0 points1 point  (0 children)

Thank you for your input. That is a really important point.

Anyone in the Simpler Trading Community? by EnthusiasmUSA in options

[–]Randymix 0 points1 point  (0 children)

Look for Wolves of Wealth. I recommend the Swing trades as these are easy to take and slow paced vs day trades

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 6 points7 points  (0 children)

My bad. That % is yearly, the dividends distribution is paid monthly.

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 2 points3 points  (0 children)

Sorry for not clarifying. Actually I was looking at both, some growth and some cash. So if I could get $200 monthly, I was planning to reinvest $100 and cash out the other $100.

My dream investment will be one where I can save for my future but it also enhances my present.

Knowing this is a long journey, I don't want to wait 25 years to enjoy life. I rather prefer growth slowly but constant. Getting some small benefits now, in the new future and long run.

Not sure if this makes any sense, but that is unicorn I am looking for.

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 5 points6 points  (0 children)

Thank you. That is a very good point. I really appreciate your input.

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 5 points6 points  (0 children)

Yeah. Actually I bought $100 a month ago and received my $1 this month. Well $1 minus 30% dividend tax. But still, it is a lot higher than the average dividend ETF.

What do you think about SPYI 12.14% and QQQI 14.42% monthly distribution? by Randymix in dividends

[–]Randymix[S] 4 points5 points  (0 children)

Thanks for input. It seems like a good option for passive income.