Replies to post #30658 on ETF SWING & DAY TRADING

[zzz2maro]

Nocono, I believe you're doing a 2% stop loss. Does that mean 2% of the average price which is 21.28 (.42) or do you figure it and on each Part individually? Or does it not apply to this system?

[lygio]

Hello Nocona,

I have been very busy these past few days, I am leaving on Friday for a 3 weeks vacation/trip, and needed to get ahead with my work load.

I haven't paid attention to the market since last Friday but I see that at the close today there definitely is a + divergence on the QQQQ, with price near the lowest reading and RSI and Stoch staying afloat.

I hope this divergence will get your VTO trade back in to positive territory.

I won't be getting in to any trade till I get back on in mid June.

All the best,

Lygio

[Vestor_2000]

VTO Modified

Nocona, this is setting up like one of the VTO Modified trades that will be sold at a loss. Given the fact that the Nasdaq Summation Index is dropping 60 points a day, I can't say that I am surprised.

However, this also is a classic example of buying low (and hopefully selling high one day). I did my three-part purchase. Now, I am contemplating additions buys. I passed on yesterday. I am thinking about buying today given the week futures market. I may continue to buy down, skipping every other day as we work our way down.

Any thoughts on what I wrote above, or would you just hang tough with the three positions and leave it at that? Many thanks for your thoughts.

Good luck to you today.