Replies to post #15829 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[bbgold]

Hi Jenna,
Are you a believer in the HOD or LOD at EOD phenomenon? That is where a stock or index moving Up will generally close at or near the HOD at EOD and a stock or index moving Down will generally close at or near the LOD at EOD? Or do you feel that the previous support and resistance levels are more important to follow using the SMAs? I believe in both but tend to lean towards the HOD or LOD at EOD if the stock or index has been trending most of the day. Any opinion? TIA, Bob :^)

[jenna]

Swing versus Long Term Daytrading..

I've been working on a very professional daily charted, annotated, swing trader newsletter for some trading school that is geared to professional money managers and experienced daytraders and we're 'beta testing' it for the past few weeks. Obviously it did well during the first week collapsed during the next week and in the past 3 sessions has totally collapsed. What has happened is that really nice longs and shorts that are triggering off this newsletter are swallowing their gains in the later afternoon reversal periods but folks are still holding because this is a "SWING Trader newsletter"..

What I'm trying to do is convince them to initiate a "Long Term Daytrader and/or Swing Trader" newsletter because as I said the WHOLE is NOT equal to sum of its parts and these plays that started out so good are ended up in the red. Had this newsletter been with more than 2 intraday updates and 4 to 5 as I'm initiating AT KEY REVERSAL periods instead of just 10:30 and 2:30 and with the option to TAKE PROFITS it would be way more successful. That is how I'm seeing that blind holding or even shorting is after 1 to 3 sessions not doing that well. The point being the best gains are still from "the long term daytrader" versus the swing trader now that the earnings season is behind us. If it should "pick up" there is always the option of holding another night.