Had someone ask via PM what it would take for me to get “bearish.” I’ll take that to mean what would have me exit my positions: here’s a brief guide, and it’s not complex (took me years to get comfortable with simplicity)....
When trading, I use weekly charts mostly. Buy either breakouts or cheats. Sell when weekly close is <30EMA, or sometimes I’ll use <60EMA. Exception: parabolic moves.
Yes, that’s it. My process is directly rooted in Stan Weinstein’s trading philosophy, with some CANSLIM.
Yes, that’s it. My process is directly rooted in Stan Weinstein’s trading philosophy, with some CANSLIM.
When investing, I use monthly charts but the same EMAs. ETFs only. I will buy price moving & then holding above an EMA for 2 wks consecutively, & hold so long as price remains above the prior pivot low, trailing my stops up to the shortest timeframe EMA as a trend matures.
Not going to share more than that, but that’s the basics & I can explain each (trading & investment strategy) in 1 tweet each. The challenge with in $$ mgmt is partly defining a process, I find; but mostly in having the psychological makeup to stick with it.
My approach means I’ll never usually buy change in trend from a downtrend (because Stage 1 basing is common vs a direct move to Stage 2 uptrend) — not will I nail a top. But I will, in many cases, get the majority of a move. And that’s what I’m after.
* not
Sorry for typos, I’m mobile.
Last point: there is more than one way to make $$ out there. Short-term, counter trend, long-short, you name it. How I do things isn’t better/worse; it’s merely a reflection of my personal makeup! ✌🏼
Sorry for typos, I’m mobile.
Last point: there is more than one way to make $$ out there. Short-term, counter trend, long-short, you name it. How I do things isn’t better/worse; it’s merely a reflection of my personal makeup! ✌🏼
