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No-Quarter

08/19/18 8:01 PM

#396 RE: stiv #395

OK, so now your basically caught up to me.

My back and forth emails with S Jud two weeks back waded into this area enough that he wanted to have a phone call. What I learned is their are some Surfers that do these types of things, and are quite successful...most of the time. But this requires an amount of knowledge and ability that is beyond his target market. He is uncomfortable recommending things like this, but because I was being persistent, and specific, he opened up a bit.

As I understand it, the use of 6 and 10 is a starting point. These can be adjusted to increase or reduce the amount of signals generated to act on. We should try variations and see what we like best.

...and this may change over time too, and need adjustment. 2018 is a very different year than 2017. 6 and 10 may work in 2018, but we should not assume it will forever be the same.

Likewise, the use of SPXS as the counter to all the 3x ETF's is also a starting point. SPXS is a 'common denominator', and it is easy to just use this one for all. But the use of the specific counter ETF as you mention is certainly also a possibility.

Same with the 10% trailing stop loss. I/we need to experiment with this once onto a trading platform where this is possible. With TD Ameritrade, it is possible.

I am a fan of rules. Taking the emotion out of trading is my goal. I don't have all the answers, not yet anyway. I do believe with all this now in hand, I/we have enough to start with. The one thing that is certain is that as much as we might trade in and out with the counter ETF using these signals, we should never do worse than doing nothing. We should always do a little bit better than simply letting Surfer run on autopilot, and also having a chance of doing much much better.

All for now.

No-Quarter

08/21/18 10:30 AM

#397 RE: stiv #395

Last night I toyed with a SOXL:SPXS chart, and also a SOXL:SOXS chart. For the things I was looking for, they were identical charts. Yes the Y-axes values were different, but the 6 and 10 day cross over points were near identical, and the frequency of cross over points for a given time period were also near identical.

I think either approach will work.

This morning the SOXL:SPXS chart 6 day line appears to be bottoming, but the SOXL:SOXS chart 6 day line does not yet appear to have found bottom.

Maybe one chart will be a touch more responsive than the other? I will look more into this tonight.

GLTY