Posts Tagged ‘rats’

02/10 – ETF Trading – Rats!

Rats! – we should have taken the trade on Monday! Prices for SPY and SSO moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade.

Patience, dear Trader – we’ll just have to wait for a stock market pull-back to trigger some new entry signals – and then be able to recognize the signals!

An updated stock chart for SPY is posted below.

Want more information about how I trade etfs? Discover the etf trading strategies and entry signals I use. They’re found in the book by Larry Connors: High Probability ETF Trading. I think I’ll re-read Chapter 8: An Introduction to TPS. You can get and read it here.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 05/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, but not enough to trigger our etf exit signals. Take a second and final trading position should IWM close lower than our entry price and the RSI 2 falls below 6. Otherwise, our exit signals are triggered when the closing price for IWM is higher than......
• 10/12 - ETF Trading - USO, SCO USO closed lower yesterday. As such, we did not take a second short position in the etf trade. And using the signals for USO to trade SCO, we did not take a second trade in SCO. Updated charts are posted below. So, as mentioned yesterday, we'll scale in with up......
• 10/27 - ETF Trading - USO, SCO Our short trade in USO made progress by moving lower yesterday. We have a full, short trading position and we're patiently waiting for continued selling to trigger our exit signal. Our exit signal is triggered when the RSI 2 for USO is less than 30. For the inverse leveraged trade......

• What’s the Hot Sector to Invest In? Do You Even Care? I read an article today on CNN Money titled, “The Case for Buying Small Cap Stocks” where the author, tells the reader why not to buy small cap stocks and then in the very same article tells you why you should invest in small cap stocks.  It kind of annoyed......
• How to Pick Different Categories for Your Corporate Blog If you have decided to create your own corporate blog, one of the first things that you may be trying to figure out is what categories to create. Categories allow you to tag and file your blog entries, and they make it easier for your readers to find the specific......
• Choosing A Bond ETF Choosing a bond ETF may seem to be a particular daunting task, especially during these times.  How will you know which one is right for you?  There are many options available in bond market ETFs.  The first step in choosing the right one is to know exactly what an ETF......