Dave,
LOL!! Well I'm still your friend[gg] But no, I'm not looking for 75% returns in 2 wks. I'm looking for a 20% return in 3-6wks. But you're right in that initially, I wanted a 20% in 2-3wks. So, I experimented alot w. shorter indicators (stochrsi8,5) and found it's a nice time frame, but just not good results for a person like me w/ lower initial investment $'s. It'd be much better if one had $10K up front, *THEN* the smaller returns make it Much more profitable.
After your last note, I decided to go back to StochRsi (14)and ALL uptrending indicators together (Dahl, ADXR, and VHF) as enters, and 80 cross of StochRsi (14) or MACD 5,13,40<0 as exits. My trades are at times longer, but let me tell you, it's keeping me out of alot of loosing trades, min. losses(>10%). and bigger gains when I hit a good one. I need to test it on more charts, but I think I'm on the right track!
It makes better sense for me now....which is exactly what you're telling me![g]
Hey, after I make my first $100K, then I'll go shorter![g]
Thanks Dave for the excellent advice,
Chris Glanton |
