Posts Tagged ‘sco’

08/09 – ETF Trading – Gains on USO, SCO

A nice little gain or our short oil trade – our etf exit signals for USO triggered Friday and we took a gain of 1.92%. The leveraged etf trade in SCO yielded a gain of 3.41%.

We didn’t have a full trading position for this trade, but we still had a winning trade. Our goal is to produce more winning trades versus losing trades. On that goal, we’re on track.

I have no etf trading opportunities to suggest today. We’ll wait for a broader market rebound to trigger some new short etf trading opportunities.

Learn more about etf trading strategies we use here. They’re in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. 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.

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• 06/23 - ETF Trading - Gains on USO, SCO - FXI, FXP Our etf exit signals for USO triggered yesterday and we made a small gain on our short trade. We gained .80% shorting USO and we gained 1.38% on the leveraged trade in SCO. Still a winning trade even though small. We'll continue to wait for our etf exit signals to......
• 12/14 - ETF Trading - USO, UCO, FXI We have full trading positions for USO (and UCO). FXI moved higher on Friday. As such, we did not take a third trading position in FXI. So, we'll just exercise some patience as we wait for the market to move higher from here. Futures are pointing higher this morning. Our......
• 10/12 - ETF Trading - No New Trades Today Good Monday morning. I have no etf trades to suggest today. We'll wait for a stock market pull-back to trigger some new entry signals. 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......

• Time Frames For Swing Trading Learn swing trading. Most of the day traders end up being swing traders. A swing trader may have started as a day trader. As the market kept moving in the desired direction, either they scaled out of a portion of the position, set a stop loss objective and kept the......
• A Honest Review Of Binary Trading To Win Money Online With EZTrader Introduction To Binary Options Trading Even Though they have been available in other markets for some time, the United States has now just caught up and introduced binary options to the traders’ portfolio of financial tools. Binary options, or fixed return options as they are known on the American Stock......
• Forex Strategies As it is known, the important preliminary stage before the beginning of practical work in the currency market is creation of own, especially individual trading system. Whether it is necessary to study experience of the previous generations of traders in this case? Whether another's achievements and miscalculations will help you......

08/06 – ETF Trading – USO, SCO

USO closed lower yesterday. As such, we did not take a second short position in the etf trade. And since we’re using the signals for USO to trade, we did not take a second trade in SCO. Updated charts are posted below.

Take a second short trading position should USO close higher than 36.91 – trade SCO on this signal for the long trade.

Otherwise, our exit signals for USO are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. Trade SCO on the signals for USO.

All trades are at the market close. Please trade responsibly.

All trades are based on the etf trading strategies in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Updated charts:

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.

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

• 03/16 - ETF Trading - GLD, UGL GLD closed higher yesterday. As such, you did not take the third trading position in the etf trade. Likewise for the leveraged etf trade in UGL. Our trading strategy is to scale in with up to three 3 trading positions, but we'll wait for the market to present the trading......
• 02/09 - ETF Trading - SPY, SSO Let's try this again! Put SPY on your watch list today. For a leveraged trade, consider SSO. Take your first position in the trade should these etfs move lower today. All trades are at the market close. You can follow the trades with this simple etf trading worksheet I created.......
• 01/14 - ETF Trading - EWH Good morning. The market snapped back yesterday, denying us the opportunity to buy our etf watch list candidates. Put EWH on your etf watch list today. Buy an initial position should EWH move lower today. All trades are at the market close. Please trade responsibly! EWH - The investment seeks......

• Internet Users Benefit From The Search Engine / SEO Cat-And-Mouse A constant cat-and-mouse game between the major Internet search engines and search engine optimization (SEO) companies has an interesting result: As these two groups try to psych each other out to beat the other’s system, search capabilities are constantly improving for the consumer of Internet services. Here’s what happens: Each......
• Bear fund managers warn against short sales Here's an interesting article from Bloomberg. I don't agree with it, but then again I didn't make 74% returns last year, nor do I run a multi-billion dollar fund. Steven Leuthold, whose Grizzly Short Fund makes money for investors by betting companies will fail, says he wouldn't invest in his......
• Changing Our Retirement Asset Allocation I am making a number of significant moves this week in our 401(k) asset allocation. It started yesterday with selling all of our mutual fund holdings after a temporary market rally, except for the Vanguard Inflation Protected Securities Fund (VIPSX).  I will briefly explain the reasons for what I am......

08/05 – ETF Trading – USO, SCO

USO closed just a penney lower yesterday. As such, we did not take a second short position in the etf trade. And since we’re using the signals for USO to trade, we did not take a second trade in SCO, even though it closed a bit lower. Updated charts are posted below.

Just a quick comment and my opinion about trading at the market close: when the price of an etf is bouncing just above and below the signal price in the final minutes of the trading session (like USO yesterday), I think it’s best to just let the trade go. We’re interested in taking the additional position at a significantly higher (or lower – depending on your trade) price than our previous trade. Better to wait for the next trading day.

We’ll scale in with up to three 3 trading positions. Take a second short trading position should USO close higher today – or take the second long position for SCO. Otherwise, our exit signals for USO are triggered when the etf price is less than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. Trade SCO on the signals for USO.

All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow.

Updated charts:

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.

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

• 12/15 - ETF Trading - USO, UCO, FXI Markets moved higher yesterday, and so did our etf trades - if ever so slightly. We're trading USO (and UCO) and FXI. Our exit signals are triggered when the etf price is greater than it's 5 day moving average, or - for a potentially larger gain - when the RSI(2)......
• 06/28 - ETF Trading - USO, SCO Oil closed higher Friday, generating another good etf shorting opportunity. Consider taking a short position in USO should the etf close higher today. If you're unable to short USO, consider trading the inverse etf - SCO. However, follow the etf trading signals for USO. SCO is a double inverse etf......
• 01/07 - ETF Trading - Why Trade ETFs? No trades today. The broader market remains overbought - see the high RSI(2) value on the chart for SPY below. Some of the sector indices are starting to turn over. However, we'll wait for a stock market pull-back to trigger our etf trading signals. Why trade etfs? John Nyaradi, in......

• How To Get Additional Income With Forex Have you ever been unsatisfied with the income you have? Would you like to find some other hob with the help of which you would be able to get a lot of money and to become a financially independent person? What have you done in order to change something? It......
• Options Trading Tips Options trading is not for beginners. While derivatives are not in and of themselves bad for investors per se, they do require the investor to understand where the value of those derivatives comes from, and most investors will not be willing to put in the effort to fully understand when......
• You Are Destined To Fail In Forex Without Proper Education Taking the step and the decision to learn forex, you are basically put in the position to learn from buying and selling foreign exchange to create your path to financial independence. You learn about the vagaries of the market, the way in which foreign currencies due to changes in the......