begger
Today, 8/19 11:45am CDT), XME,FCX,AKS,X are all under stop loss prices intraday. Rules state that stop losses should be entered when entering a trade based on close. If these trades rally back up and close above these levels you'd be S.O.L. on these trades. Right? Is this the main reason to enter a trade in the last 15 min. of trading? BTW i'm holding Sept. calls based on last 2 days of buy recommendations. Yup, didn't put in stops and paying for it today! Any recommendations to avoid getting prematurely stopped out?
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cajunbam
When I saw AKS & X open well below stops this morning and kept scaling down, I should've cut losses immediately. Just saw that steel industry in general has been downgraded. AKS target price is $4 from the KeyBanc downgrade. It's $4.70 now. I'm torn between holding out for it to come back in future or take my 10% loss. Ugh.
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Bilgerat
I have the same problem.  X gapped below the limit stop on the industry downgrade (ran by my limit stop intraday).  Should we just sell at the close and take the hit?
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AbovetheGreenLine
Looks like we will get stopped out of all 4 today. Bad hit... Maybe we can make up some on the next Money Wave Buy cycle. Wait for Green Zone Buys soon.

Three of the Four still have > 90 RS.

US Steel just made a 52 week high and still has 97 RS... Nimble traders get out when the investment falls below the Red Lines (50-day avgs), because it takes longer to go back up to the Highs and they don't want to wait.  US Steel was $46.55 in 2014 had has an all-time high of $196!

X.png
Good trading, and tell your friends!
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begger
Hope you're right administrator. 4 for 4  ain't good.



No it is NOT good!

But XME is clearly just correcting down to the Red Line, with High RS.

Money Wave just bought too soon. Make sure you don't chicken out on next Money Wave Buy.

Last month we made 16% on XME...   FCX, X and XME could all return to their recent highs.

XME.png 


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als

With each losing trade (or winning), it would be nice to have some analysis from the admin. or from some other seasoned trader on this site. The question is in hindsight is there something, some indicator or input from some source, that might have made us think, "Ah, ah! Even though everything points to a go, this one thing says to hold off." There are always going to be some losing trades. Can we learn from mistakes  and use those lessons to make better trades in the future? Maybe these lessons will cause us to add a couple of new rules that will give us more predictable safer trades in the future.

I lost due to Brexit. Last year I lost on August 24 due to some problem in China. It would be nice to have some way of predicting when these sudden down turns will happen. Anyone have any great insight on how to avoid these sudden sharp deep drops?

Anyone have any new rules that may help us foresee when a bank is going to downgrade a group of stocks like steel?


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AbovetheGreenLine
als wrote:

With each losing trade (or winning), it would be nice to have some analysis from the admin. or from some other seasoned trader on this site. The question is in hindsight is there something, some indicator or input from some source, that might have made us think, "Ah, ah! Even though everything points to a go, this one thing says to hold off." There are always going to be some losing trades. Can we learn from mistakes  and use those lessons to make better trades in the future? Maybe these lessons will cause us to add a couple of new rules that will give us more predictable safer trades in the future.

I lost due to Brexit. Last year I lost on August 24 due to some problem in China. It would be nice to have some way of predicting when these sudden down turns will happen. Anyone have any great insight on how to avoid these sudden sharp deep drops?

Anyone have any new rules that may help us foresee when a bank is going to downgrade a group of stocks like steel?


ANSWER:

We are in the 7th year of aging Bull (2nd longest in history).. Our Short Term Trading System loses at least 1/3 of the time (Casinos lose about 46% of the time, and still make lots of Money), and over all Green Line System normally wins, also).

We have been warning Followers that Buying when Markets are Way Above the Green Line is a poor bet, even with the very Strongest Funds.

Next Home Runs or Doubles will probably NOT BE in STOCK OR BOND FUNDS... It will probably Inverse Funds or Commodity Funds. (They don't meet the Rules, yet).

But in the meantime, most of our Followers want Short Term Action.

When you Buy, is as important as What you Buy.  Chart below has been working great, if you only Buy in or near the Green BUY Zone.

If you don't want lots of chopping action like now when Markets are Way Above the Green Line, WAIT for the S&P 500 to return to the Green Line, or WAIT for Green BUY Zones on the Chart Below.

SPX50.png 

End of Day Chart link :





Good trading, and tell your friends!
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chasen
From IBD yesterday:

Market in Uptrend

The Nasdaq notched its eighth consecutive gain for the week but progress continues to slow. The S&P 500 has largely been trading sideways for more than three weeks. The extended condition of the indexes coupled with earnings season has led to a more cautious stance. A close below the 10-day moving average would probably lead to a short-term sideways trend. In the meantime, fewer trades are being put on the current list as we wait for stronger action, either up or down.

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