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   Strategies & Market TrendsDaytrading stocks and futures


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From: Ron3/20/2019 6:05:23 PM
   of 5757
 
How the Fed spooked the Dow Industrials this afternoon
marketwatch.com

I had a nice trade in QLD, glad I exited quickly. I agree a very dovish Fed is not necessarily good news.

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From: Ron8/16/2019 11:35:27 AM
   of 5757
 
Ralph Acampora advises stay on sidelines for now and watch for June 3rd low for support/penetration marketwatch.com

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From: Ron3/11/2020 10:43:01 PM
   of 5757
 
Dow Futures tonight: 5 Min and Daily charts


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From: Ron5/28/2020 2:20:02 PM
   of 5757
 
If you want some entertainment see how XTrends does over coming weeks...


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From: Ron7/12/2020 4:47:21 PM
   of 5757
 
Mostly retired now but I do like to watch for possible inflection points:

Watching this slow grind up: Note volume
schrts.co

Summer earnings kick in on Tuesday with 17 companies reporting including
several big banks. Many more to come over next 3 weeks.

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To: Ron who wrote (5748)8/8/2020 9:46:46 PM
From: Sun Tzu
   of 5757
 
Do you trade futures?

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To: Sun Tzu who wrote (5749)8/8/2020 10:08:27 PM
From: Ron
   of 5757
 
I daytraded stocks for a long time then added the Index futures. A couple years ago I retired. I still
keep an eye on the markets but haven't done more than a half dozen trades over the last year...
all daytrades.

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To: Ron who wrote (5750)8/8/2020 11:48:33 PM
From: Sun Tzu
   of 5757
 
How did you keep your risk manageable in the futures market? Did you always put in trailing stops or limit your leverage to a certain value?

I am thinking of trading futures. But I'd like to learn more about how to manage my risk.

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To: Sun Tzu who wrote (5751)8/9/2020 8:28:50 AM
From: Ron
1 Recommendation   of 5757
 
The futures are good for trading because they are so volatile, especially on economic news.
And that is why they are also dangerous, the volatility. I trade only on signals
that work well in simulated trading over time and use fairly wide stops, raising or lowering them
as the trade goes green. I watch 5, 15 and 30 minute charts along with the daily.
They've gotten more difficult since the 2007 financial meltdown. Algo trading came into
the futures at that time and has continued. You can make good money, but be cautious.
I never trade without some kind of stop. They can move like lightning.
Currency futures are generally a little less volatile: the Loonie and the Peso are worth a
look.

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To: Ron who wrote (5752)8/9/2020 8:44:09 AM
From: Sun Tzu
   of 5757
 
Thanks. Did you ever find that contango and backwardation make for viable signals? Or did you just trade on the momentum?

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