DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 I just looked it up. It's a biotech. Came up on my screens yesterday. I liked the setup on the 30 minute chart, and then this morning I like the 2 minute. The sell trigger line on this chart is the thin dark blue line. It's blowing off here. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 As you can see, I'm trading in enormous size. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 The dark red oval reveals my daring. LOL As a dicksclaimer. Day trading is rikcy. Less rrickhy than buy and hold, but risque neverthesell. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Seriously, right now, I'm just engaged in developing a workable day trading system that suits my personality. Not something I've done before. So I've only carried a max of 8 positions of 50-300 shares each. If I can get something that works more or less on autopilot, I'll bulk up the size of the trades. Seems like 5-6 trades at a time are about optimal for me in front of a screen. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Here's on a 30 min bars. Nice base breakout. I'd expect it to pull back to top of base this afternoon. My trigger line on the 2 min bars is trailing the price by about a nickel and has held all morning. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 The number of COVID cases in France the past 2 days would be equivalent to 90,000 cases per day in the US. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Ah. As I was typing that, the sell order triggered. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Now I can afford to buy dinner. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Federal Tax Collections Now Say Damned If They Do, or if They Don’t 1 - LIQUIDITY TRADER OCTOBER 8, 2020 Tax collections have leveled off at a negative year to year rate. The Fed has gone to Congress begging for fiscal support for the US economy, as a result. Without a deal to raise spending, the economy will continue to languish, and the Fed will continue to print money to support the markets. Ironically, if and when a new pandemic relief spending program is enacted, that would be bearish. Subscribers, click here to download the report.` Available at this link for legacy Treasury subscribers. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Gonna go grab a couple of pizzas. There are 8-10 Italian restaurants or pizza shops within 150 meters of my apartment. Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 5 day cycle projection 3475, Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 8, 2020 Report Share Posted October 8, 2020 Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 8, 2020 Report Share Posted October 8, 2020 Grind Bot and Flo-Bot seem to be pushing/working hard today. Maybe they are taking tomorrow off........ Link to comment Share on other sites More sharing options...
DrStool Posted October 8, 2020 Author Report Share Posted October 8, 2020 Is the market open? Link to comment Share on other sites More sharing options...
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