Posts Tagged ‘scale-in’

12/29 – ETF Trading – Scale In Strategies

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

Once we enter an etf trade, we won’t always take just one trading position. There are times when we’ll scale in to the trade – sometimes up to 3 to 4 additional positions. And each position gets a bit larger than the previous position. Larry Connors has a great summary of these strategies which you can review – I think you’ll enjoy it.

Here’s an updated chart for SPY showing the overbought condition of the market.

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.

• 03/10 - ETF Trading - GLD, UGL Good morning. Not a whole lot is flashing on my stock screener; however, I do have a suggestion for today. Put GLD on your watch list. Take an initial position should this etf close lower today. GLD has been down 4 days in a row, and looks ready for a......
• 02/17 - ETF Trading - No Trades Today The broader market is working itself toward an overbought condition - see the high RSI(2) value on the chart for SPY. We'll wait for a stock market pull-back to trigger our etf trading signals. No need to jump into the stock market when the probability for trading success is not......
• 10/13 - ETF Trading - No Trades Today Good morning. This market remains overbought as shown in the chart of SPY I've posted. Note the high RSI(2) value. We'll just have to wait for a stock market sell-off to trigger some new long entry signals. We want to buy when the RSI(2) drops below 25. Subscribe to ETF......

• Why Investor Uses Stock Scanner The stock exchange is an organization that provides a marketplace for either physical or virtual trading of shares. Stocks are referred to financial instruments that are marketable securities. Share is referred as a stock and it represents ownership of in a company. The investor (represented by stock brokers) through the......
• Buying and Selling Stocks 101 When it comes to investing in stocks, most people predominantly rely on mutual funds. Mutual funds are a type of professionally managed investment pool that allows you to cast your lot along with thousands of other investors at the same time. Mutual funds are a truly wonderful way for you......
• Stock Market Technical Analysis For Swing Trading Day trading in stocks is both risky and difficult. Please consult your financial advisor before attempting to trade actively. TodayTrader is not responsible for any content that may be viewed on this channel. These videos are not meant to be recommendations in the market. Day trading equities requires a retail......

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.

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.

• 10/28 - ETF Trading - IWM, UWM, EWC, EWT, EWY We're into a full trading position for IWM, UWM, EWC, and EWT. We've scaled-into three trading positions for each etf over the past several trading days. EWY moved lower yesterday, and we scaled-into our second trading position. Take a third and final trading position in EWY should it move lower......
• 12/11 - ETF Trading - USO, UCO, FXI We're into a full trading position for USO, and/or UCO. FXI moved a bit lower yesterday, and we scaled into a second trading position. Take a third trading position if FXI closes lower still. Otherwise, we'll wait for the market to move higher from here. Our exit signals are triggered......
• 10/07 - ETF Trading - FXI Good morning. We took a nice 2.98% gain as FXI moved higher still yesterday, exiting the trade on the RSI(2)>70 signal. Recall that we entered the position on 9/24 and then scaled-in to the trade over the past week - all for a nice gain! No other trades to suggest......

• Stocks a Good Investment? /caption] Penny stocks are often regarded as a sound investment idea, but they are especially popular during times of a recession, though many people are unaware of the "why". The reason why penny stocks are a good investment is because the prices of penny stocks for credible companies go up......
• A Simpler Way To Budget. Because we are away camping this week, the following is a guest post from Mike over at Four Pillars. If you like what you see here, won't you consider subscribing to his feed? One of the more popular concepts with respect to budgeting is the idea that you should write......
• What is the Fear Trade? Much like everyone else, Wall Street experiences the same basic emotions that all (or most) of us feel when news of an impending disaster (real or fearmongering) strikes. Why? Because there are real life human beings pushing the mouse buttons that execute the buy or sell orders during every......