SD'S -2023 DON'T JUST SIT THERE TO SURVIVE- MOVE&PROSPER!

[sd]

Thursday 5-11-2023
Mixed open -RED
Long SQQQ - Risk is $15.00/100 shares-


The inverse in a decline from the open 9:53







Filled on TQQQ10:13


stopped on SQQQ:





@ 10:30 AM- STILL CHOPPY SIDEWAYS RANGE




rE-ENTRY ON THE sqqq PUSHING ABOVE THE TOP OF THE RANGE


tHE rE-ENTRY SAW A STEP HIGHER- i'M RAISING THE STOP TO 28.42

and stopped out-


The choppy sideways price action- has now whipsawed me for 3 losses...


@ 10:57 - SQQQ is looking weaker, TQQQ improving on the 5 min.


With the stronger up move in TQQQ and a cross on the 5 min Macd- I took another position- 50 shares- and setting an initial wide stop -


As price moved favorably higher, then had that pullback to the fast trending ema- and made a stab to go higher- I used that as an indication that this level needed to Hold- and the trend to continue-
I raised my stop from a very wide $28.55 and jumped it to $28.78 - reducing the Risk in the trade to just $0.05 or less than a $3 loss.
Shortly after doing this, the Price weakened and I was stopped out





I adjusted my stop to the 34 ema, and attended to a few other things- for a while...
I may have to simply take small profits when I can get them- but I obviously am not trading with the present SQQQ that has taken over the uptrend- Getting Late in the am
Did a lot of experimenting in taking small trial trades today- Posted most of that at the LB board-
The takeaway from today is to trust the MACD that suggests it's trend is working! I had some attempts to trade between swings in SQQQ and TQQQ....
Some of the screenshots from today
Comparing how the 3x Long and 3x were performing side by side This is really useful- Also- While the 5 minute chart dominates - the 2 minute chart can give some earlier signals when combined with the 5

[sd]

5-12-2023 Futures in the Green...
I didn't get to update yesterday- at the EOD- Got busy, made a couple of swing buys- that are likely late- GOOG- for example- Price has made several surges higher.
This am, continuing the video class lessons from Jason's Leavitt's Masterclass.
www.leavittbrothers.com/masterclass.cfm?&CFID=28445474&CFTOKEN=c3ffa5c5ee5b7bed-3A86EA59-155D-974A-75DBF6755C8D952E
His Masterclass course is an in depth dive into some of the primary indicators as well as getting into trend identification, market breadth, and elements that we can use to improve our trading- He provides many chart illustrations in each subject covered.
The value of a subject lesson combined with supporting video lessons as illustative examples makes learning the concepts and interpretations much easier than just reading about them.
Following is the chapter layout of the subject matters discussed- With written and video examples of each subject heading covered-
The video format is very nice as it can easily be reviewed repeatedly-
Also , the class lessonS clear lay-out with time NOTED allows you to go back and review any specific subject specifically





Elon tweeted out yesterday he found a TWTR CEO- That prompted me to make a buy of TSLA yesterday-
This is a potential catalyst for investors to believe ELON's attention will be less divided.
So, Let's consider the TSLA trade at this point- starting with the Daily chart for the Big Picture overview


Drilling down with a l0ok back for the past Month with the 2 hr chart...
I bought just before the Close on the "NEWS" that Musk tweeted he had found a CEO to run TWTR
stock price is higher pre-market open. $175.74.



I also jumped into already extended NFLX, GOOG. as potential swing trades
NFLX had a large push higher yesterday, still below it's recent April high- Hate to chase on a big wide ranging single bar still early on the MACd
NFLX appears to be a winner in streaming compared to the response to DIS...


Goog was obviously extended as it had jumped higher- - I should expect the gap to get filled on a price pullback...
GOOG has been getting positive commentary on it's opportunity in the Buzz word -AI world.


I made a proposed suggestion to Devoid @ the LB board- as he is moving away somewhat from Daytrading- but I'm very impressed with his approach.
I'd like to ask him a few more specifics just about his approach- the use of the 3 ema, in his decision process, and how he seems to often nail an earlier entry vs waiting on the MACd cross- But instead thought it would be informative for him to allow an interview of how he developed over time from starting trading to where he is today- for the benefit of those site visitors- You occasionally get some feed back from members, as to their past evolution in comments- but an "Interview"

Time to get ready- what to trade? Will look at semis and Tech today.

Took several long trades today and they have all seen price breaking down lower @ 10 am and stopped out- -




So, watching the 3 min chart as price in TQQQ drops-
some initial indicator early turns....


Perhaps a base is forming?
10:19




a BUY-STOP JUST AVBVOVE THE BASE NEVER SAW A MOVE HIGHER TO GET FILLED-

@ 10:50 AM, we've made a 2nd drop lower, and another potential attempt to make a reversal higher-
The indicator MACD is almost initiating the 0.0 line cross - CCI is at the 50 line as price meets the downtrending 10 ema-
I've entered with 2 buy-stops as price has moved higher- tight stop under the 2nd and 3rd blue bar lows. Presently I'm down -$40 on my Day trades this am- added a dbl size up to 100 shares to catch a reversal may prove to be a $8 loss.
That trade stopped out- on the very tight stop - This is getting expensive here in accumulated losses- I reentered 100 as price reversed from a push lower, back into the consolidation- at the same time as getting a MACd initial 0.0 line cross. This saw a spike up Doji bar- but the SQQQ appears to be weakening supporting this most recent trade.


SQQQ LEFT, TQQQ RIGHT- POTENTIAL R.O.T. favoring my position

With the initial strong up surge, I've raised my stop to B.E. $28.77 ....
HAD a $20 gain, but thought I'd give it a chance to run- higher- Wrong-
just got hit.
Big RED DOG took out my stop for a $1 loss....
I didn't jump over to SQQQ- should have though.

@ EOD- ended up being a whipsaw day directionally - and I lost -$43 in the day trading before I put it aside
I think today's market reaction to the negative was largely due to the potential Debt ceiling overhang. Simply smart money taking some chips off the table at today's higher open. I clearly do not qualify as the smart money - as i also took losses by seeing yesterday swings go initially higher but then reverse and stop out...
I've ended up lower on the week applying the fast time frame approach-I simply have to improve on my stock selection, and my entries- Most of my losses are from entries that initially move in my favor- but reverse- I MADE A GOOD ATTEMPT TODAY TO KEEP THE CHARTS UPDATED AND FOCUSED PRIMARILY ON ONLY 1 TRADE.

[sd]

Sat- Beautiful weekend with Family get -togethers today and tomorrow- .

In the face of having an adverse week with most of my Daytrades, Next week I will drop down on my position size- instead of 100 or 50 share size- I may simply use a 10 share position to trade with- and a potential add 10 shares- to better hone my skills at getting that better entry/exit.

[sd]

5-15-2023

Futures in the green!
Debt ceiling very much a focus.

I'll plan on watching the bullish ETFS- TNA, SOXL, TQQQ for potential entries- I'll also look at how their inverse funds behave.


@ 8:30 am- premarket prices are suggesting a higher open.
I've struggled in trying to game the open- - Will today's open see Price then chop around higher and lower,




Should I take a position at the OPEN?
30 minute chart to easier view the range of the open to the high -or low based on where it opened compared to the prior day's Close.
This needs more review- If you buy the open in the direction -long or short -based on the prior day's Close- Could that initial buy be a sell for a gain in the 1st few minures- and how far below/above the open does price swing?



Markets turning RED- I had a buy-stop on SOFI that did not fill.


tna eNTRY TRADE





Markets flat @ 11:00- Regional banks rally....KRE,


Filled:

step higher



This chart shows a slowing in the momentum as indicated by the price bar closing near the prio bar's lows $28.92-
My stop level is slightly below the arrows shown. $28.87


Both the 5 minute and the 2 minute TQQQ charts as viewed on the monitor (34"} side by side- Just got stopped out during this consolidation



@ 12:00- long TQQQ on a re-entry buy above a high consolidation- I've spit the position- 10 shares each and will experiment with a very aggressive stop approach on the 2 minute time frame position, and a stop on the 5 minute,,,



Positions stoppedout , MACD rolled down, and I had gone to lunch- Missed this breakout rally higher - cannot chase it up here-

[sd]

5-16-2023
Futures Flat- Home depot disappoints....setting a bearish tone ....
i missed an easy run up in SOXL yesterday, so focused on just the couple of positions...
Will try to keep a wider eye for the better performers today!



10 am- Which way?


Long position was taken in SQQQ on the very early MACD cross on the 2 min chart.






At this point- SQQQ position using a stop under the 1st bull green bar- that stop will be raised to just below the Red bar just made-
The MACD is bullish for SQQQ vs TQQQ- but TQQQ is in the uptrend

i.imgur.com/pJNXZyg.png



stopped out sqqq- long TQQQ



SELLING into strength: 1/4 position at a time with the final position left at my entry cost- just in case... but it stops out as well .


re-eNTRY-- iT'S






sHALLOW PULLBACK TO THE UPTRENDING EMA



Did a reentry as price pulled back towards the uptrending fast ema- Note that Ross points out that this is often a good re-entry with the expectation that the 1st 2 times often move higher- but mixed results on later pullbacks- MOM seems strong to the upside- with the chart uptrending so I will focus here until the MACD rolls over on the 5 minute chart-



I see that TQQQ stopped out on the entire position-

I had re entered, caught an upmove to the upper trend line-

Going outside to start the grill to smoke some chops-
Here's the 5 min + the 2 min charts together side by side....

I took an early re-entry based on that 1st green bar above the decling red bars-
Not validated by the MACD - on the 2 min chart - the 5 min chart MACD is marginally below the 0.0 line


The "testing" continues-
a new re-entry taken here -early on the 2 minute MACD- and will use the swing lows initially as a likely stop level-


Re-entry- Early

i.imgur.com/g2hnpmT.png

I've seen price make that next small upmove and base- I'll reduce the risk of my entry cost with a stop loss raised to $29.61.

As the experiment in learning continues- I have a small 20 share position on with 4 stops so I can sell a partial position on a surge (hopefully) higher-

Once prices makes a bullish upmove, I can leapfrog the stops


Done for the day- last entry stopped out $29.57






How relevant are the indicators applied to confirm the Price Action?

[sd]

5-17-2023 Wed...

Way too early: Futures rise into the green as hopes for a Debt Ceiling agreement is anticipated- but @ 6 am, the Green is a relatively small- plenty of hours to change from where we are-
Watched an impressive interview David Faber and Elon Musk yesterday-
Musk feels it is his moral duty to take on those he disagrees with publicly on TWTR and post his opposing views- Even if it costs him $$$$$.
Also , that he expects that people come into work- and not expect to work from home- The collaboration of working with others around you, is something you cannot get from home...
And certain jobs are "hands On" .Like his Giga factory.

Studying & day trading some of the leveraged Long ETFS and their inverse ETFs : Take TQQQ as an example- (3x the QQQ's large cap Tech sector.) inverse is SQQQ.
As Pointed out - by Jase @ Leavittbrothers.com:
Leverage kills- And, the leveraged funds rebalance daily- overnight- and if held for an extended period , have 'decay' built in where they can even underperform and lose----
This chart illustrates the greater losses one could take if holding these for an extended period- Hower- note the move in TQQQ this year from $17 - $29.00 a +70% gain
While the QQQ's put in a +27% gain YTD.



Some leveraged ETFS (long) and their Inverse (short)

QQQ's- Large Cap Tech- TQQQ;SQQQ
IWM -Small Caps TNA,TZA
SMH- semiconductors SOXL;SOXS

Using the MACd cross of the 0.0 line as an entry- and a downside cross as a p0tential Exit- as well as a couple of confirming indicators- Will this specific approach make profits if the signal is taken each and every time? The caveat is that in a sideways range, multiple crossovers can occur in a short period-
Viewing the Hourly chart of TQQQ for the past month - as can be noticed-

price waffled sideways and generated a couple of MACD signals before breaking below the 50 ema and eventually declining - Making a bottom April 25- The attempt to rally April 26 generated a MACd 0.0 line cross after 3 upbars, only to reverse mid day and drop lower- A large Gap back above the 50 ema led to the largest upmove in that Month...
The MACD histogram declined as the momentum was slower on April 28- a clear divergence since Price continued higher , but the histogram continued to print smaller - getting closer to the 0.0 line .
May 2 Price dropped sharply on the Open- Recognizing Price was well extended beyond the 50 ema , ideally a trailing stop would have captured a good % of the up move- In this case- PSAR purple dots achieved that goal being used as a trailing stop-loss-
As can be seen from the upwards slope of the 50 ema- Price is in an uptrend- with the 50 ema above the upsloping 100 ema.
Using the moving averages on this 1 hour chart, it can be determined that the trend for the past week is upsloping, emas are all in proper alignment- and trades are favorable to the long side- However- notice that the Price movements are volatile- with reversals May 9, and May 12 dropping during the day, and finding some support near the 50 ema-
Prior reversals - noted by the 5 ema declining -following Price lower .
Note that the 50 ema on this 1 hour time frame is approx equal to the 7 ema on the Daily chart- Which regularly sees Price penetrating.

Daily:


Since price swings both up and down in this uptrend- Can I use the 5 ema to my advantage to get in on upswings and stay out on downturns.? Or perhaps just go long the Inverse...


Futures in the Green with 15 minutes to go....

SOXL- Watched on the 2 minute and set a Buy-stop following a few lower bars from the open



Winning trades in TZA


Went long TNA- and catching a nice trending up move here- I sold 1/4, sold 1/4 held 1/2 and then readded the position on a pullback in Blue bars- seeing a move up to a new high $28.93



will scale out on these higher moves

EOD- Today was a good day, strong market-
The Open is often simply a crapshoot-
MSFT came back and took out my raised stop right at the Penny- I should have been content to just protect my entry price - about $0.25 lower....

1st trade -SOXL @ 9:37 - Futures were all bullishly higher at the Open-as were the preopen bid/ask. This had Closed at a breakdown low yesterday-$15.05 and today's OPEN was a complete reversal higher @ $15.48- I waited and watched on the 2 min chart- saw it move higher on the 2nd bar but Close lower - Bar 3 broke below the Open low and Closed lower- BAR 4 is where I entered- it appeared bullish, I entered near the high of the bar, but it dipped and went below the prior bar's low- where I had set a stop-loss a few cents below- That was the absolute low that hit my stop and then went on to make 2 higher topping tail bars before tanking-
I did not come back to SOXL at the 10 am R.O.T. with a substantial reversal higher-



I went seeking another trade- saw TZA....and bought a position @ 9:49 I elected to practice scaling out -and divided the position into 4 portions.
look at how confused the Market was- The futures were up, TZA initially dropped at the open (Bearish the small caps) , Rallied into the 10:00 hour when the recess bell sounded, and it tanked.
Purchase cost was $34.40 @
Selling 1/4 on each move higher, with the final 1/4 set just as a stop above my Entry cost- The goal was to lock in some initial gains- -and -as can be seen the 10:00 Blue bar marked the high for the day as we had a sharp R.O.T.


@ 10:06 I went to TNA- small cap 3x LOng- It had sold off at the Open, but by 10 am made a R.O.T.

I made 3 separate buys and practiced scaling out - Will have to annotate the chart -tomorrow- All profitable trades! Notice the major trend stayed in place until 2 pm
i.imgur.com/WjGfGtL.png[/img

[sd]

From the LB board- Devoid has a typically winning approach using the 5 minute time frame- Leavittbrothers.com
his chart, then my Chart style-
then the 2 minute chart I also use-







He was willing to hold through that 11:20 reaction pullback after price tried to make a surge higher and failed to find any willing to pay up at higher prices-
Depending on the entry cost- once Price has moved where the trade has been in place and is a winning trade- The stop should be brought to cover the Entry cost- IMO.
Why allow a winning trade to become a loser???
In this example - If the entry waited on the actual bar to make a Close to get the MACD upside cross- The best price in that bar's formation was 10.45....
I think D takes an earlier entry -perhaps based on Price action alone and /or an improving histogram..... and gets that lower entry price- and perhaps the "signal" at the MACD 0.0 line cross is a confirmation.
That drop in price - although just a few minutes would push the trade into losing territory-
Note that the Red bar selling was a immediate reaction to that failed attempt for Price to find buyers willing to pay higher prices @ 11:15

So, Viewing the price action on the 5 min chart- an ideal entry would have followed the 10 am price bar that failed to make a lower low- and madea higher Close- as seen on my 5 min chart - This would have been very premature from an indicator confirmation- but it also would provide a low Risk entry if one used the low of the prior bar as a potential level to place a stop-loss 1-2 cents lower-
The next Price action bar confirmed that an attempt to rally was underway - Opened at the Close of the 10:30 red bar, tried to surge higher but Closed in the mid range- That higher price action likely would trigger a Buy on one watching price and looking for that potential reversal.

The 2 minute chart printed an inside bar to the prior Red bar @ 10:00: Potentially, using a buy-stop above the high of the Prior Red bar - or after the next higher blue bar, the histogram improving-
And the uptick in the fast stochastic and CCI- a potential early entry- or- more cautiously- a buy-STOP on the declining fast 10 ema ? These early entries would have a large % of small failures- but would improve the % of net gain in the winning trades.

Realistically, the many signals given by the 2 minute chart would have many more whipsaws than the 5 minute chart gives.
and, since many of the moves are just $0.05 or less on any bar- it would be easy to jump out early on a minor bar-
In the above chart- notice that the many price bars after the 10:10 reacquisition of price above the fast ema had 21 following bars before a blue bar made a Close below the ema, followed by a Red bar-
PSAR finally caught up to that drop in price-
So- a trailing stop set at the 34 ema until Price made a 1st Close below the 10 -would have worked on this segment....
Another method is to scale a tight partial stop-loss under the low of every prior green bar- to get that initial small % gain locked in-


@ 9am, Futures softening on the stronger jobs report-

Market is expecting a Fed pause at the next meeting, but with jobs staying strong, the Fed may continue to tighten next meeting....
The market is thinking that the FED will wake up and realize it is using lagging indicators in it's policy approach, and that the lag effect of the rate hikes is indeed working-
and they should pause and reevaluate- before sending the economy into a deeper recession in the future.


Took a Swing position in SCHW yesterday as strength in the regionals was improving-
After the Close SCHW announced a debt offering to raise $$$$ - Talk about timing!
Stop is set at the 50 ema on the 1 hr chart.





Futures have all turned into the RED-
I'll watch the Inverse for trades initially, and then see if we get a move back to the long side .


For the visitors here- To get a good mix of different approaches- and also Jason's weekly stocks to perhaps trade- and his commentary-
Give his website a free trial WWW.leavittbrothers.com

Also visit his yOUTUBE, CONSIDER HIS mASTERCLASS


vIEWING tza


LIMIT ORDER PREMARKET TO BUY








tna - SCALED OUT : GAINS


INCREASED POSITION SIZE- SCALED OUT 10 SHARES, STOP RAISED TO ABOVE MY COST OF ENTRY -b.e.




cHART CHANGED TO JUST VIEW TODAY -1 DAY


STOPPED OUT-PROTECTING A SMALL PROFIT ABOVE MY ENTRY COST MISSED THE NEXT LEG HIGHER


TZA trade -
I saw the blue bar at the swing low, tried an entry down there but missed the best price- it made a slight move up and turned to whipsaw me- I had sold a partial- and I think I got out at B.E.




wENT BACK INTO tna WHEN tza turned South- and that position stopped ou- I had missed getting into TZA on the tight price consolidation by a few seconds- that would have been an ideal low Risk entry just above the Point of Failure- a stop just $0.02 below the swing low.
TNA is consolidating here at the rising ema- my stop on the increased 50 shares position size is late in the day- Notice the bars shifted to Blue vs green....



Taking a late entry in SOXL





Sold 10 @ a move to $17.50.
Raised stop on 1/2 to $17.44.
Set stops on remainder to Cost of Entry/Breakeven.



added 50 SOXL trade- on the move higher




With what seems today's continued success by following the price action, and a series of winners today-so far- I've increased my position size on entries to 50 shares-
I'm still wanting to sell partial shares into the upmoves-

11:47- added 50 shares to SOXL- now holding 86 shares -stops divided at lagging psar values-- Momentum is slowing based on the indicators, but price is holding above the fast ema-



@ 11:54- anticipating this to stall and hit my stop- MACD histogram lengthening below the 0.0 line, CCI sloping down - using the psar this close, I'll give it over to the slower psar and vary the 3 stops- merging with the fast ema here- by the time I finish this post, i'll likely be stopped out.


YUp- I saw the momentum waning- stops were set tight










And, one sector often trades hand-in-hand

[sd]

Continuing the Thursday thread- simply too many screenshots to scroll through to add-

Let's view the SOXS- the inverse of SOCL-
When SOXL and TQQQ rolled over, the inverse SOXS, and SQQQ would be reversing their declines-
Since both of these were downtrending previously, for most of the morning, I'm watching these with a skeptical eye in terms of whether these will become the leadership this afternoon-
We likely fall into a sloppy sideways range for the remainder of the day - unless some "News" makes a catalyst...

and, since much of the market's price action is institutional and also machine/ALGO trading- These price charts are often interchangeable.









Ended up being a really good trading Day- I didn't continue posting here as I was hamstrung on Time- and went to the LB website and saw that Devoid had posted a series of his charts with explanations to his process-
I'm going to both copy and post here, and Print his charts out because he gets into some detail here-

I did get into a trade in TQQQ this afternoon using the 2 minute chart as the entry signal on a basing formation, and then the macd confirmation- I used a buy-stop order just above the base, and tried to make a Buy in the low end of the base above the P>O>F> but caught Price as it was swinging back higher- It turned out to be a good series of trades, and it ran up into the Close- I took early profits on some momentum raised stops- re-entered

[sd]

Here's some of the type of content you can find @ http://www.leavittbrothers.com:

Jason provides a list of potential trades -about 25 each week-
Market analysis, commentary
Has a masterclass for learning TA and on You tube numerous posts, and TA examples, and a free 2+ hour into to his masterclass
There are a number of very experienced traders there showing their stock picks, and their charts and process, and most will respond to legitimate questions from other visitors and members.
Many members post their trades, their charts, and it's a varied mix of day and swing traders and investors.
I prefer the simplest methods for learning Daytrading- -
Here's an example by Pete- of how he applies the $vix to take trades - with a 90% success rate! Now- That's consistency ! I'm posting his couple of examples here-
the 1 day chart: shows multiple positions responding to the $vix & SPY signal
Interesting indeed !




a prior post: by Pete today:







Devoid is a member who has posted both his Daytrades and some swing trades-
I've exchanged an e-mail with him, and today he took quite a bit of time to respond to my interests-as well as others with 5 chart examples and trading process explained-
Yes, I'm a paying member @ LB's on a monthly basis, and if I intend to trade through the remainder of the year will likely pay for a 3 month membership at a reduced rate- or annual - ...
I've also paid to take Jason's Masterclass- and I think this is the best training $$$ I have spent- with his in depth discussion and chart examples...Relatively inexpensive to learn the TA interpretation through the class versus learning on your own piece-meal... IMO.

In wanting to learn Daytrading- Devoid's approach is pretty darn straight forward- Relatively easy to learn the basics- but the issue I have to overcome is that the Price volatility would often shake me out early-
This week I dropped down in position size to not be concerned with the $$$ made or lost, and focused on making and executing the trades-
I also wanted to combine some portion from Ross @ warrior Trading.com - who also provides more focus on price bar action and day trading/scalping-
By selling a portion of a trade into a higher move and locking in some gain offsets when the trade tries to come quickly back on you- or you get in too prematurely- or- the entry was just right but the trade fails to act right.

I'm going to copy the full extent of Devoid's intended teaching posts today- In terms of Day-trading, he points out that the real profits come from holding Swing trades for larger gains- and daytrading is for his smaller account- for spending money.....




my entry using the 2 minute chart vs the 5 minute- D entered this trade early as well




my late afternoon trade for the 1st time today trading TQQQ- using both the 2 minute chart alongside the 5 minute chart- to game an earlier and lower Risk entry
I tried to get a position started near the base lows but I was slow in placing the order and got filled on the green bar surge higher as well as my buy stop for the same price.
Worth noticing is how far in advance my entry is compared to a possible macd cross on the 5 minutes.
I also had set a higher Buy stop to enter, and lowered it down closer to price .
PSAR nailed the correct price for an entry long.




Likely I will be duplicating some posts copied here...
























The past screenshots reflect a bit of today's communications on the LB website- and a lot of wisdom .

check out Jason Leavitt @ Youtube:
His Mini class:https://www.youtube.com/results?search_query=jason+leavitt+mini+class
His Masterclass:https://www.youtube.com/watch?v=8ST9NvA3Uqk
website- 2 week free membership :Leavittbrothers.com



Why am I promoting his site? - Simply, I find it has value for me, and since I am learning from members there, and copying from that website for this thread-
I am suggesting the 2 or 3 actual people that may stop by this thread- among the dozens of likely bots.. give it a try

[sd]

5-19-2023
3 hrs before the Open - a slight bit of green for the futures.
FED officials are a bit more conservative than the markets are positioned for- Officials suggesting that inflation is not coming down fast enough combined with high employment- and a potential June hike is still a consideration vs a pause...
They're going to over do it and not giving the increases in place to fully impact the economy the way they want it to....
Markets crystal ball is thinking they should pause and cut rates in the fall.


Some time on my hands- premarket- Hope we go out for breakfast this am and get back for the open-

Some of my procedures-
I use my laptop and a 34" monitor-
On my laptop I usually have my TD Ameritrade account and order status screen up .
In considering a potential trade, If i am not already holding 1 share of the stock or ETF as a tracking position,
I will Buy 1 share- in advance - This way I can put it on my active order screen by setting a Sell Stop order for that 1 share -but the order price is well below the actual price .
I usually use 3 types of order entries-

A Buy-stop that fills on an order that is set above the present price action- More on this- If I am wanting to Buy a stock that is presently declining and I'm trying to get in on a potentially lower price, I may set the buy-stop to trail along with the PSAR- which often trails price and indeed gets an ideal entry on a higher move.
If Price is in a sideways consolidation- a short base that seems to bounce off a specific low , I may plan to use a limit order to get a fill near that low end of the base- with the belief that
Price will likely move out of that base to the upside- I plan to set a Sell stop on the position once filled just a few cents below the base-
This where having the 1 share sell stop order in place on the order screen comes into play- My limit order to Buy 50 shares (example) is also on the screen-
As soon as that order is filled, it shows on the order screen,and I immediately change the sell order for 1 share to a sell order for 50 shares, and then set a realistic stop price, and hit enter- That way I am not going back to my position page to find the new position and then set a stop order- It saves a few seconds -when doing a daytrade- and time counts.

A Limit Order to BUY is the ideal way to enter any trade - and particularly well suited to get a lower fill in a sideways consolidation-

A market order to Buy or -to Sell - is what I also use to enter or exit a partial or an entire position - I use this order type when I scale out of a position-


Scaling out- This is something I've picked up from Ross @ Warrior trading- - With Daytrading- I may take a much larger position than I would when considering a swing trade. This is because my RISK is in Pennies versus $$$$. So, If I am intentionally "Testing" out a trade using some variations- I may not want to take on a full position size-
I may start off with just 20 shares- and -assuming I had that 1 share sell-order on the screen, I change that sell stop order to sell 20 shares at the desire stop- I then also set the order to sell just 1 share- on the screen with the other order- Assuming price moves up slightly, and I don't think it will suddenly drop to hit my stop- I change the order from 20 shares to 10 and the other stop to just 10- each of these orders has to be adjusted one at a time- so there is a 2 second interval that one of the orders doesn't have a stop for that interval... -I then will also set the sell stop order for that 1 share...
If price moves up and starts to "step higher" bar by bar- I will try to get my stop-loss on the position up to the entry -Break even- as soon as it's feasible- I may do this initially with 1/2 the position and leave the other 1/2 a bit lower initially- As price moves up- I will sell-at market - a part of that higher stop- and may sell-5 shares- into the upmove- and now I wll change the 1 share stop to be the 5 shares - that were part of the 10 share order-
Now, one I have that up move that appears to be progressing, I raise the remaining 10 share stop- I set 5 shares to sell at my entry cost- or slightly above- and I will try to let this remain for the larger price move higher- The other 5 shares of that position , I will set as a staggered stop- and follow the Price action higher- Generally, I trail price by $0.10- and I could automate that by setting that as a trailing stop-order.
I could also do the same with the other order - just use a slightly wider T-Trailing stop- So far, I have not used the Trailing stop- but manually change the order - I will generally leapfrog one stop over the others as price moves higher- the wider stop becomes the new tighter stop ....

On a big momentum move- where Price jumps well away from the moving average- These typically are just small price surges, that often revert back- and -I will sell the lagging stop by changing it to a Market order to sell- and I will watch the bid/ask to see where Price may be heading with my mouse on the 'confirm order' button.

Now, I used 20 shares as the illustration of 'testing' out a new process- and that is recommended to get a feel for managing the orders-
Similarly, If confidence builds, and the trading consistency improves- or is good- better than 50-50 with losses lower than the gains- share size can be increased to 50 shares, then 100, then 200 - -or more depending on what price range one trades- This is for Day trades.Not swing trades.
Position sizing- It is important to be willing to Learn a method before one plans to "Earn$$$"- While the goal is to make money- one should expect to lose-more initially - as one learns the nuances of an approach that one is not familiar with-
There is a definite learning curve that is ongoing as the markets change- As human beings, we tend to anchor on what appears to have been successful in the past, that may not be the case present day in the market economic cycle-
Yesterday, I nailed the TQQQ trade in the Afternoon- I hadn't looked at it earlier in the day focused on TNA,SOXL- and a well executed trade reinforces proper trading-and is something to focus on doing-including taking the inevitable losses .....

0headin g out for Breakfast- May miss the Open...

Using the Stockcharts "summary page" to quickly see what is working and what is not at the open



SQQQ 1st trade took a loss.
TQQQ 2nd trade- Partial stop for profit - 3/4 stop @ B.e.



TQQQ stopped out- got a small gain on the 1/4 partial, and the remaining 3/4 position stopped out above my entry cost-

Went long SQQQ - based on strength in the 5 minute chart.



I ended up posting @ LBs today - showing my attempt to watch signals, take some small trial trades, and see how the trades performed-


i.imgur.com/jf7RVEf.png
I drew this trend line with 2 swing lows for the slope- It's amazing how often Price came back to the trend line-and barely penetrated it before breaking through it late in the day.


Fascinating touch @ the trend line- so, belatedly I gave an entry call at the trend line -that did get filled- moved higher for a couple of bars, and then tanked.

The trend line was broken, I drew a new trend line to see if it would provide any support on pullbacks. Charts may not be in sequence- pulled from 3 screens.

[sd]

Weekend is Here- Booyah!-
If you are a visitor and not a Bot- welcome- but you will get much more insight to a wide variety of trading styles- and potential long and short swing trades weekly @ Leavitt brothers.com ....

If you find something specific here and you want to comment or ask- Drop me an e-mail @ [e-mail] and i'll respond here- or in an e-mail-
Otherwise maximise your time by taking the Free trial @ LB's.....and exposure to the many other traders, Jase's commentary, Miniclass and Masterclass- and much more.





Several Political/economic news today- Yellen suggesting that more banks may need to be absorbed and taken over- despite people declaring the Banking industry is 'Sound"

DEBT Ceiling talks seem to have come to a stalemate- Ridiculous that the d**n politicians can't get their act together! Yellen declares that JUNE ! is the "DeadLine"

They shouldn't get a paycheck until they take care of Americas business!

WAit and see what comes to light over the weekend!

I recently entered a position in SCHW- Schwab is both a bank and a brokerage- Where My IRA and Roth accounts are in. A few weeks back I had bought Schw and it tanked overnight- and I was lucky to be able to trade my way back to a profit -but it took a lot of buying power ($22k) that next day to take short term momentum trades- and ended up lucky enough to turn a decent profit before the EOD- And then exit the position-
This recent purchase on the upmove a few days ago- just 50 shares- was based on believing the regional bank contagion was behind us- But it's like roaches- see just one , theres many more awaiting to be discovered...

So, I've got stops below this position- using the price base seen on the 1 hour chart- May lose $100 if it sells off , but it seemed to not reach too much to Yellen's commentary today- Tonight Cramer highlighted Schwab- not so much as a regional bank- that had positive inflows- but as a Brokerage- and much different from the regionals...

I took a Swing position in WYNN today- and have an ongoing- net profitable position in GOOG. with stops in place to protect 50% of the gain ....

I missed the big Tech run up this year- My Bias - is that we will see a significant correction was based on the many bearish commentaries on CNBC- including warnings buy Adami, Nathan, Mike Wilson, Liz Young and many, many more-that have given very logical reasons as to why this market should correct- Any Day NOW...? I respect their years of experience, but their perspectives made it seem the inevitable correction was soon to start- and another month goes by with markets moving still higher- Opportunities exist- for at least short term swing trades- with stops - in the face of an eventual correction that seems almost a certainity- but When?

Yes, it's a very narrow market- Mega cap tech has led the way.... while 50% of the market is under it's 50 day ema and struggling.

I missed out seeking the safety of CD's and a large Cash position -and a few failed swing trades that I took based on making "Safe" investments instead of finding what was trending and managing those positions with trailing stops- Missed opportunities- Like NFLX, META, MSFT and so many others- and with the AI- Chat GPT splashing into the world- 6 weeks ago- anew impetus to what Tech offers emerges-

What an interesting period- Meta changed it's focus- fired a lot of personnel- revamped it's staff and it's focus on the 'Metaverse- almost a perceived 180 degree turn that has seen it's Price double.

[sd]

gOOD wEEKEND! Gymnastic competition, helping out in the garden - Monday will be a few hours from the open and we'll be gone to set up a Kiwi Berry trellis @ our daughters-

This may set a good precedent - Put on a few trades, and then go out and do something productive!

Biden returned from his overseas trip- and what progress on the Debt ceiling was made? Little or none I expect- Just politicin and Blamin'

If I get long any Day trades and have to leave, I'll set a trailing stop -----It likely will be my best day if I'm not at the wheel!
Jason Leaves a new list of approx 2 dozen potential swing trades one can consider every week- along with some market analysis and commentary -
These range in potential speculation - and Risk.... Up to each person to assess how to consider or play them......

I've made a list of this week's stocks- and notice a lot of software names are coming into favor-
Market is expanding....

[sd]

5-22-23
Debt ceiling impasse or talks today?
Short day for me- futures flat /red

The Open :


Swing positions holding- SCHW- a potential breakout today ?

9:36 am SEMIS long and short- who takes the lead this am? Bears had the open



comparing the 2 & 5 minute :



Undecided choppy & sloppy!


WENT LONG soxl $17.31





The 10 am typical reversal - a few minutes early:


Going short with SQQQ



Big volatility- stops out! late entry!

[sd]

5-23-2023

Futures slightly in the RED @7:30 am- Debt ceiling negotiations continuing.
So, when this finally gets resolved, will markets rally higher based on that as a catalyst- Potentially....


AI- Chat GPT- all the rage - but as we are seeing, Photos are being faked- "News releases Faked, and 'Interviews and false videos' will become prevalent in the months ahead-

No longer is "seeing is Believing" safe to assume is real.

several examples :Trump being arrested:



Explosion @ the White House: shook up markets initially:




Futures well into the Red Zone just ahead of the Open-
Will look at short vs longs-
Small caps should be vulnerable in this market- TZA vs TNA

TZA stopped out -

Swap into TNA- stop under the prior red bar low $ 30.85




TNA Trade working - Entry on the R.O.T- off the swing low-
Sell a partial for a small profit- raise the stop to trail and the remainder at B.E.


9:54- Volatile swings !


Almost 10 am- time to decide on a direction! Waiting to see before I try another entry decision.
TZA:


Very Odd- still in TNA- where did that big red bar I had on my screen go?



Stockcharts screen is lagging!




The TNA 5 Min chart is dominating in an uptrend.



Sideways market @ 11;00 -
I'm scaling out of the SQQQ position in small portions- as price gains just $0.09 or $0.10 The $25.60 level is the present narrow range-
Frustrated with what appears a big unusual lag in the charts updating- Using the Bid/ASK to scale out.
This 2 min chart of SQQQ shows the narrow range that appears to be developing




Risking $0.03 on 50 shares in this limit buy- So, Risking $1.50 - using the P>O>F> Point of Failure- about as Close as it can be


Scaled out 5, then 10 shares to just get $0.05 - Practicing for when I size up in larger share size-
Position cost $25.4999....
The swing low was $25.48 - so I should widen my stop to just below that by $0.02- $25.46 so a break lower would indicate a downtrend starting- and I should go long TQQQ

Long 50 TNA $32.28 improving MACD - Yes, increasing position size a bit today as I practice better entries and exits- bought this on a limit order- pushing up against the prior highs.



11:53- sold a 10 lot in SQQQ @ $25.586

Raise stop on the remaining 25 shares to B.E. $25.50

TNA stop raise to $32.17 using slow psar. - Risk is now reduced to $0.11

SQQQ stops out $11:59 @ break even for the remaining shares- Nets a small gain-----Looking to see if TQQQ can move up here...
Got stopped out on the very tight stop and- gave back 1/2 of my net gains from earlier today- also due to increasing my position size in the last 2 trades
Stockcharts is frozen This screenshot is taken @ 12:17- Chart is held @ 12:04



I missed this move over the 12:00 hour ! - Went in to get a bite to EAT - This is the kind of Momentum move I would have liked to have captured- and scaled out into!
This is a 2 min chart -








Regional Banks - KRE ETF is breaking up -
SCHW swing trade is breaking out from it's base the past 5 days.




Comparing the 2 & 5 minute chart signals- Obviously, the 5 minute will lag the 2 minute- but are the crossover signals more accurate? or can the 2 minute signals yield a quicker entry and a smaller loss?
iN THIS EXAMPLE, THE BLUE ARROWS ON THE 5 MINUTE CHART REFLECTED UPSIDE macd CROSSES ON THE 2 MINUTE CHART-
pOTENTIALLY THE 2 MIN CHART OFFERS EARLIER SIGNALS, BUT WITH more failed whipsaw trades-

Notice that the high Gap up Open quickly softened and price dropped lower- and went sideways until 12:30 - before getting some upside momentum.


Showing the same charts over 2 days-



Tough day for those Long!
Only Energy sector finished in the Green!

[sd]

5-24-2023

Futures deeper in the RED @ 6:45 am


ENERGY is indicated higher-
ET is bumping up against past resistance $12.90- $13.00
Range lows $ $12.18 - recent move to push higher-
Failed to hold yesterday- Price pulled back to $12.76
Premarket bid-Ask $12.80- $12.84
Buy-stop $12.82 limit order- stop $12.65- on a buy-stop-
Bracket the entry with a lower limit order @ $12.77-
Wide stop $ $12.64- Nominal stop $12.70
Swing Low yesterday $12.65 -







TZA,SQQQ,soxs,SDOW- all short ETFs are indicating a bearish gap open higher -
Will watch the open - GOOG position will give it to 10 am to recover, then I'll have to lock in profits- as my gain is being cut in 1/2.

Pre market open- Prepring to have stop-loss orders on the order screen- Prices well below any fill level.


I'll adjust the stop on ET to sell 49 $12.71- vs $12.72


The Price charts @ 9:34 -






Both ET orders filled-
Staggered stops- to see if the price swings yesterday will hold as support-




SQQQ- Went long on the swing higher- stop below the open swing lows- Will that actually be a bottom for the day ?


High stop in ET triggered




schw POSITION BREAKING THE SUPPORT/BREAKOUT as regional banks also sell-off today
Stop is tightened to just $0.09 below my entry cost last week-
Market sectors- including energy All turning RED-




SQQQ trade is working- I sold 1/2 to lock in the $0.19 gain - split the remaining stops to capture net profits @ 2 different levels- above my entry cost.
Still using small position size in this trade - just 20 shares for the entry. Had i used a typical 100 share- this would be a $19.00 gain- 500 shares +$495.00
Will consider sizing up after i see I can manage small positions profitably with this method-


One raised stops was triggered. Notice the MACD on this 2 min chart has gone negative. but Price has bounced up for 2 higher step up bars.
Still holding a 1/4 position (5) $26.79
Would a trailing buy-stop get that better re-entry closer to the swing low- as a P.O.F.?


Every sector is in the RED!


Missed this surge Higher- ! Price moved bullishly without getting an upside cross on the MACD -
Did have a bullish green bar form higher above the blue bar- had a hook up on the ADX, Stochastic, CCI



Back into ET- MY raise of the last stop was taken out-- Price then rallied higher- and has made a MACD upside cross-




Energy sector improving!


As Price makes normal pullbacks to an uptrending ema line- and each pullback low is higher than the prior- low- Price is uptrending-
What is noteable about this latest chart is how far price swung back up higher without getting a MACD cross on the 2 minute time frame-
A price action on a higher bar above the poullback bars with a trailing buy-stop- perhaps at the trailing psar? would have gotten a good re-entry-
Drew a trend line here to see if the am momentum can continue -it's 11:00

Viewing the 5 minute SQQQ chart- The MACD just crossed to the downside a few bars earlier-
I'll use Devoid;s suggested 34 ema as a trailing stop on the original portion 1/4 position to see if it can get that substantially higher potential gain if the trend continues for the day....


meanwhile- the 2 minute chart suggests a major trend decline-reversal is underway



TQQQ made a Rally as SQQQ made it's decline- I need to monitor both the long and the inverse to try to capture swings in direction earlier-


Can we get a change in trend? R.O.T. ?



3 orders to go long TQQQ- based on the positive 5 min MACD trending higher-
One is a buy-stop on a price break up higher- The other 2 are lower limit orders-
Today's swing low should be used as the limit orders -if filled- stop to be just under.


2 ORDERS HAVE FILLED

aLL 3 ORDERS FILLED- pRICE IS SIDEWAYS -STOP IS UNDER THE SWING LOW.

a bUY-STOP TO ENTER sqqq IS WAITING IF IT MAKES A HIGHER UP MOVE FROM HERE...



aCCUMULATED A POSITION IN TQQQ - with 3 separate orders - A buFEDy-stop expected a breakout, a lower limit, and an even lower limit- with the stop just below the low of the swing low made @ 11:00- Trailing a final 1/4 position in SQQQ with a stop below the 34 ema @ psar. Sold too quick in the SQQQ upmove- should have scaled out another 1/4 at the higher move/pullback. Getting some hands on though- and trying to explore some different ways to add and scale in a position- Notice that the 5 min TQQQ MACD had a kiss and go- hoping for the breakout higher as still viable for the PM.
i.imgur.com/j0HmOFZ.png[/img]



Stepped outside- attending to some Kiwi vines-
Got the breakout in TQQQ-
My stop on the 60 shares is raised to my Break-even- averaged cost $29.97.....
FED- further weakening of the GDP and labor market is needed......
Sounds like A POTENTIAL FOR THE fED TO STAY THE COURSE ON A HIKE- PERHAPOS SKIP ONE TIME AND REASSESS.

Scaled out part of the position into the upmove- and then elevated the remaining stops - This turned out to be a good winning trade-
iT WAS ALSO A DIFFERNT COMBO ENTRY TYPE OF TRADE- I set a Buy-stop to get filled on an upmove, and then set 2 staggered limit orders at lower prices- with the intent to set a stop just tight below the swing low price- Overall. I am well pleased with the trade's execution- Note- I had stepped outside this pm and missed the price rolling over @ 2pm - where I likely would have been a seller because of the 2 hr chart's price action.


I tried 2 trades in ET - 100 shares each position size- ended up with an $8.00 net loss on the 1st trade- Breakeven on Trade 2. Out of the position.