InvestorsHub Logo
Followers 84
Posts 32595
Boards Moderated 86
Alias Born 03/22/2005

Re: wow_happens28 post# 183

Friday, 01/27/2023 10:23:24 PM

Friday, January 27, 2023 10:23:24 PM

Post# of 247
Looks like one limitation in using the 20 MA as the buy/sell signal would be that the up move needs to be fairly dramatic, prolonged, and at a steep angle. At shallower angles or with frequent pullbacks, the 20 MA could be too sensitive, so maybe then use the 50 MA . Just a guess though.

I watched some of the day traders on YouTube who show their techniques in real time, and it appears there is a fair amount of instinct or intuition involved. They pull together all kinds of subtle 'inputs' of information, and of course they only show their successes. Getting things right appears to be an art form, and very few can do it consistently.

That said, there are certain chart setups that you just know are going to break out (or break down), and they almost always do. But you don't run across these that often. I like to look for ascending and descending triangles, and these can be followed at leisure since they take some time to form.

Years ago I followed a 'Pincher Chart' board on I-Hub ('Mr Bigz'), learned how to set up the chart parameters, etc. That was great fun, but the problem with those stocks is they're almost always mega dogs, so not stocks you want to get stuck with. Better to play around with a fundamentally good stock that temporarily runs into trouble.

In addition to Generac, I keep my eye on Scott's Miracle Gro (SMG), since it's been clobbered huge, but they still have their core lawn oriented business. Problem is they've gotten so far into the cannabis side that they are now inextricably linked to it and it's a huge part of their overall business. Better to stay away from the cannabis sector altogether imo. That said, if the SAFE Banking Act ever gets passed, that will obviously light a fire under the sector. But I basically have stopped following the sector, and think the legalization push is a bad idea anyway. Like so many other of their pet projects (climate change), the globalists always disguise their malevolent intentions behind a benevolent appearing facade.




---

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.