Replies to post #19249 on Cycle Trading

[Duma]

M65 on 30min has now rolled over and is moving horizonal. Sure looks like a topping pattern to me, but you could still make your 281.60 number.

I modified my count by moving wave 3 out to 7/13 from 7/10. Now for w3 I can easily see 5 subwaves.

I have been doing a great job of trading this market by not watching it and doing nothing. Been trimming bushes, washing the Jeep and even watched a new Netflix series this morning. I am out of the house by 5:30 and back in for the day by 9:30. Some pretty big dips, but pretty much all within 2 ATR's. I will never go back to BB channels. KC's are much better.

Got a good month going with the account that only trades SSO and TQQQ 15min charts. Up 7.5% for the month. No trades this month, just watching wall paper dry. SPY is up 3.39%, so this works since I have been trading close to 200%. Takes a lot of patience NOT to trade. Now what I have to do is not lose too much on the turn for the next HC down.

Account that I have been trying to also pick stocks is only up 4%. Trading the indexes is really all that is needed. Tide lifts all boats, but trying to find which boat is going to lift higher is starting to look like not worth the effort as well as hurting my performance.

Slow and steady wins the race (annual returns).

3% a month = 40% annually
4% = 60%
5% = 80%
6% = 100%

3% I think should be min target and 6% when possible. 40% annual returns will beat 99% of all stock traders.

[jaws57]

E> I got stopped out at support. @280. waiting for next signal.
I may even short this one. If we are in w4 then short not good idea.
See original post for live chart. 19249