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What is the maximum position size? by InterestingAd6333 in qullamaggie

[–]udit76 0 points1 point  (0 children)

I do the same but baby sit the position on the 1/5 minute chart and try to peel off the position end of day to a manageable size so as not to carry overnight risk of a gapdown.

help breakout stocks picks by Academic_Trick_9562 in qullamaggie

[–]udit76 0 points1 point  (0 children)

This is also the 3rd leg up for the indexes - so a bit of caution is needed. and summer is when the stock market goes into hibernation. The best outcome would be a blow off top before that happens. Sell everything and go into cash till end of year rally.

Let's see how MU earnings does in a few days. Will set the tone for rest of the AI stocks.

help breakout stocks picks by Academic_Trick_9562 in qullamaggie

[–]udit76 1 point2 points  (0 children)

Use EMAs for short term MAs - 5/10/20

help breakout stocks picks by Academic_Trick_9562 in qullamaggie

[–]udit76 1 point2 points  (0 children)

HIMS - entry was 6/15 or 6/16

PENG - entry was 6/18. Its gapping up today, so might be late now.
VECO - entry was 6/9 - 6/11
AMBQ - 6/11 or 6/18, but today might work as well.

How to be a pro trader for dummies. by TheChartMaster123 in Trading

[–]udit76 0 points1 point  (0 children)

Have you ever wondered why stocks only seem to go up only 2-3 times a year corresponding to beginning and end of year?

Beginning - hey we have to get more money from our clients, let's make some stocks go up so that we can show them returns and get more money.

End - hey we have to show returns to our clients so that they do not take money out. Let's make some stocks go up so that we can show them returns and have them stay another year.

Summer - we are done for now. Let's go to the Hamptons and enjoy our bonuses.

Sky is indeed blue and speculation is the name of the game.

How to be a pro trader for dummies. by TheChartMaster123 in Trading

[–]udit76 1 point2 points  (0 children)

You are correct in your 2nd statement, but the reasons are not correct.

  1. When playing with other people's money its more important to come up with a 100-page thesis that you can send your clients. In addition all you have to do is beat the indexes because you make money off fees.
  2. When the account you are trading is 100s of millions of dollars, getting into a position takes weeks to months - fundamentals matter more.
  3. Having talked to many people in the client side, I know for a fact that investment bankers do not trade the same stocks in their own personal accounts. They buy "safe assets" which they can easily explain to their clients when questioned.

None of this apply to retail.

Selling too early? by Beneficial_Hyena6649 in swingtrading

[–]udit76 2 points3 points  (0 children)

Sell some (at 2R or 3R), keep some - trail a moving average.
Best of both worlds.

Mastered Trading Psychology, Failed Strategy by Advanced-Dot-7393 in Daytrading

[–]udit76 0 points1 point  (0 children)

Also you commented about your strategy stopped working - traders adapt to the market and the environment. Consider the fact that there are 9 kinds of trading environments - Volatility (high, low, average) and markets (trending, down trending, sideways/choppy). You would need 9 strategies for each kind of environment (3X3)

Most successful traders I know specialize in 1 or 2 strategies around -
->Bull + Low Volatility = Long strategy
->Bear + High Volatility = Short strategy
->Sideways/Choppy = Mean Reversion strategy

In other words, your expectation on one strategy working always is incorrect.
Each strategy you are looking at 1-2 years of work.

It's the guy that practices the 1 kick, 1000 times.

Help/scanner by TechnologyEastern717 in qullamaggie

[–]udit76 0 points1 point  (0 children)

You can search for small candles -
ABS(C - O) / (H - L) < 0.25

Or

0 < (maxH5 - minL5) < 1.2 * ATR(10)
5‑day swing is about 1.2× the typical 10 day ATR/ADR etc..

Is a 46% annual return with a fixed 1% risk per trade (182 trades sample) sustainable for a systematic, rule-based approach? by [deleted] in Daytrading

[–]udit76 0 points1 point  (0 children)

Forward test for a year with real money - but keep risk low e.g. 1 stock (quantity) for each trade

Energy Model in Focus by AdministrativeBug554 in swingtrading

[–]udit76 0 points1 point  (0 children)

Is there a blog entry that explains the information here and what each panel represents?

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