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Showing content with the highest reputation on 07/26/2018 in all areas

  1. 1 point
    Hey guys, Nathaniel here. I just wanted to share a rule I came up with today, which I believe will help answer that age-old question: Should I sell now, or let it run more? Rule: As long as the current 5 minute candle does not in any way break the upper edge of the previous candle on a short, and the lower edge of the previous candle on a long, we hold on. As you can see on the attached pictures, this rule holds up pretty well on telling you when to hold on, and when to get out. You can see that the trend did indeed keep going until a 5 min candle breaks below or above the previous 5 min candle(depending on short or long). This is not foolproof, there will be trends that break this rule, but I think it is useful to be able to take advantage of a good 70% of the runs to their fullest potential. Which is better than 0%, that was the amount of trades I was letting run. Keep in mind that these examples are all from today's stocks-in-play alone, I didn't have to comb through hundreds of stocks to prove this.
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