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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (8510)	4/20/2024 7:25:52 PM
From: y2kate	Read Replies (3) \| Respond to of 10701

Thank you for that. I will look at the monthly charts. Congrats on that great oil trade! When I pull up a monthly chart on oil, the cycles seem quite clear. Less clear on SOXX. Mostly I see a strong uptrend since 2009, with periodic dips to the 20 and 50 DMA. I've never heard that a strategy involving a hold under 5 months is cutting into the pros territory, so thank you for letting me know that. It certainly seems to be true when I consider my own long term portfolio, which I've held for years- they yielded that turf to the likes of me! I'm 40X on my NVDA and 50X on AAPL. I wonder why the pros are uninterested in those kinds of gains? Day trading- I'm fascinated but seems that's the toughest of all. I had a friend who would buy 1-2K shares of TSLA and META on dips, basically scalp a point or two on a couple of trades then be done for the day. It sounded like she had found the Holy Grail, but I couldn't duplicate that. I've tried using RSI, MacD, all the indicators everybody knows, of course. I'm no match for the algos and the HFT crowd. Position trading works well for me for a while but often a nice profit built up over several days or weeks disappears with a quick mid-day rug pull, as with my NVDL yesterday. I want to let a stock run, but sI'm never quite sure when to close it out and usually end up giving too much back. I'm wondering if the Bollinger Bands are useful in terms of indicating swing bottoms/tops. Lots of great info on your thread. Thanks so much for sharing your insights! Kate