Have you ever thought about publishing an e-book or guest authoring on other websites?
I have a blog based on the same topics you discuss and would really like to have you share some
stories/information. I know my subscribers would enjoy your work.
If you’re even remotely interested, feel free to shoot me an email.
That allocation was last Monday. I am down to 20% long exposure 20% exposure in 3x ETFs (would be 30% if not for the fakeout in the middle of last week) and 60% cash. Once again, I overtraded but I will repeat this is a TOTAL BYPRODUCT of the market action following the 2008 lows. I would NEVER have been holding this many longs in such small positions size of total account capital if I could get some 10%-20% signals or even some 5% quality signals. This has been the shittiest uptrend ever for a six-year bull market. Price and volume ONLY matched during the 2013 uptrend and even then it did not all the time. Complete rubbish. I continue to adapt and test…
outstanding post. thank you
I know JH said something on FB…but, now can’t find it. I want to say 20% in 3xBear ETF. Which really is 60% short. And I think he had 40% long exposure.
HI Josh, can you please tell me what % are you now in leveraged short ETFs? With all the buys and partial sells, it is hard for me to follow.
Thank you very much Luke. Not yet. We have a very large gain in DDD. It is currently on FULL SELL WATCH but until it sells off again below the 50 dma on very heavy volume or cuts through the 200 day moving average it is going to be a hold. I don’t want to exit too early. I would rather give up some current gains than have another FLT on my hands. Or…should I say off my hands now that I no longer have a position.
Congrats on the big week. VIPS was explosive. For DDD, failed retest of declining 50 day moving average doesn’t concern you?
I am not sure how I missed this. If it gaps up, it is still a buy. 1% position now. I have no idea how I missed this. None. MarketSmith says 3/3 so this is a mistake on my part. So yes but only on a gap up. If it gaps lower, the trade is off. Thanks Jody!!! Way to be on top of this!!
JKS is a buy with earnings coming out Monday?
Got it. I’ll let it run and will keep an eye on these trailing stops. Thanks!
I thought about it but the pattern doesn’t catch my eye like the other 8 new positions tonight as the intraday range is insane on AER today. Nothing is perfect out there, sadly. But so many to choose from I just can’t pick this one.
Thank you very much for the kind comments Ulrich. ARWR hurts each day I watch it run but it does make me feel better each time I find out someone is long that stock from those dates. Very happy for you and glad to hear. I would continue to use that ATR/20 DMA/50 DMA as future profit taking areas. Now that you got some on a climatic type move, it is time to let it run and let the trailing stops work. Aloha Ulrich.
Passing on AER josh?
I actually entered ARWR on 9/10 at 4.90, after the expansion on 9/9.
I am very thankful for your post today. Your regret on not taking this trade is really helping me, because I have been riding this gain until now and must admit, I have gotten quite nervous recently on how to handle the stock as it went parabolic. The 20DMA is 25% away and an ATR stop is still 20% away. I believe taking some off after this long run, which I will gladly do on today’s open, will ease the tension a bit.
Thank you very much for your insights. The learning experience is great and I get much more out of your service than mere entry and exit signals. Keep up the good work!
Thank you so much my good man. Much appreciated. Aloha.
Nice work … First time that I come across this web site. Nice to see similar thinking ….
You are very welcome. My sincerest apology on the delayed response. I will be finished with my Maui project on Feb. 14th. Thank you for being so very kind and patient. Aloha BWall.
I greatly appreciate the comments.
It doesn’t normally matter with me. In my rule book a violation is a violation and a gap up might be a gift sell. That being said if the stock ends the day strong I will stick with it and might put back on the entire position or some of it. It depends on the market. With MONT I should have just left it alone as we are under some real deal pressure in this market.
How I look at it…over 1000+ trades the premarket pops and drops will course correct and become meaningless as the number of trades you make grow. Unless of course there is an extraordinary event.