
GoforThomas
9.9K posts

GoforThomas
@GoforThomas
Swing/Position Trader, Technical Analysis, Strategies, and Themes. This is my trading journal and thought process.
Katılım Mayıs 2017
71 Takip Edilen894 Takipçiler
Sabitlenmiş Tweet

The past two weeks I've really dove into refreshing my trading knowledge. Some key takeaways
- EP's buy on break of opening range high (could be 1m-5m) stops usually lod or low of candle
- risk no more than .5% account per trade.
- size in and at 3-4.5R take half off. Move stop to B/E
- trail remainder on 10/20ema
- if 3-4.5R not gained in single session close trade
- don't buy stocks with declining MA's
- best stocks have EP's or HVC's near ATH's
- be prepared for your win rate to drop to 20-30% a stop doesn't mean you're wrong on the stock could just be timing
- only trade stocks with strong groups
- nothing works if the environment isn't good
- size works both ways risk management is #1 priority
- the setup is less important than your ability to manage risk
- all trades must be planned before hand
- patience
English

Going to go ahead and guess de-escalation is off the table. Looks like we have lots of boots heading to Iran and the market is still driven solely off news. $SPY $QQQ

GoforThomas@GoforThomas
Looks like the markets in for another fun day. SMH, these moves are a bit ridiculous, but what can you do? Just sit and wait. Can add bits for longer-term holds.
English


That 15% above 20dma $SPY normally closer to the bottom here than not

GoforThomas@GoforThomas
Just hit 25% of stocks above their 20dma this morning. Again that puts us around normal correctionish area but not full blown panic which starts around 15% above
English

$PL looks positive on earnings. Avoided it due to earnings so now I guess I'll look at breaking new highs. $RKLB $GSAT $UFO all similar and near highs




GoforThomas@GoforThomas
$PL incredibly tight Edit: earnings Thursday
English

This is absurd price action. I don't think the day traders are even having a good time anymore. $SPY
GoforThomas@GoforThomas
Jesus what In the world
English

@nlRichard1973 IDK what "the news" was but I guess we'll see how we react
English

@GoforThomas Just noticed also. Very weird, thought it was a data issue in my app
English


@GoforThomas i got it on my radar yesterday on that HV1.
Incredible.
English












