Hi jaiml
Those are some great looking charts.
I want to expand on the aim uptrend initial entry conversation.
I find that the most propitious time to start an initial aim program is only when the stock or ETF has made an aim uptrend (ocroft) move in a stock that has been declining.
I would bet that backtesting will show that this initial entry method carries lower risk and produces a higher return. I will use some examples to explain my point.
You first mentioned SDRL at $26.00 when it had fell from a high of $46.26.
If you had an interest in buying SDRL, this would seems like a good entry price level. It could be. However, if you wait for an aim uptrend move, your probability of success, in my opinion, would be very high.
Just a reminder, the aim uptrend price dollar entry is attained as follows:
Go back to the high of $46.26 and aim it BTB down to the $26.00. At this point, enter your aim program if SDRL makes an uptrend move to around $29.50.
Don't want to bring in TA at this point. But, a MACD visiual of SDRL would really keep you our at this juncture.
Now,If SDRL rises from the $26.00 to $29.50 point, some will argue that you are paying a higher entry price.
I would say, so what. Aim is a long term, of at least a 3 to 5 year horizon.
The idea is to turn a profit by the end of the investment process. You will not care or even remember tht you got in at a slightly higher price.
One more observation. EGY. From its high of $9.15 to date, the aim uptrend method would indicate that an entry should be avoided at this time. This is also confirmed by a visual MACD.
Regards,
ocroft
