11/18 – ETF Trading – No Trades Today – Scale-in Strategies

Good morning. My stock screener is telling me that we have no etf trading opportunities today. We’ll wait for a stock market pull-back to trigger some new entry signals.

We had a great one-day trade on USO and/or UCO – see yesterday’s post. We took only one position in the trade, yet there are times when we’ll want to scale-in to a trade – sometimes up to 3 to 4 additional positions. And each position is a bit larger than the previous position as the etf price moves lower. Larry Connors has a great summary of these strategies which you can review – I think you’ll enjoy it.

All of the signals and strategies I use are found in the book by Larry Connors: High Probability ETF Trading. The strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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