Replies to post #23696 on Cycle Trading

[Duma]

Thanks for all the detail. You have done something I have heard many good trades talk about, pick one or two symbols and that is all you trade. Become an expert on those two. Forget everything else.

My execution is getting better. And of course with my IRA trading addition, I am forced to stop all the cowboy (wild) trading. You picked F and TNA, I have picked SPXL and TQQQ.

In my last IRA buy of SPY (10/14) in my account, I allocated 5% of the funds meant for SPY into SPXL. Since this is a 3x fund, this put my fund at 110% invested. As of last Fri, the SPY buy was up 3.7% and SPXL 11.4%. This is my start at getting more aggressive. I will boost my next buy to 7.5% or even 10% and with continued success, just keep increasing. Also going to be much more active with my version of your M5/8.

I still have a few other symbols I like to trade, so in my non IRA account I am allocating about 2-5% to each as good buys come along. Will not chase anything and most buys need to be from MD(mark down). As this continues to be successful, I will increase allocation here also.

Just have to be patient.

Thanks for your help also.