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Hiltzy

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Posts posted by Hiltzy


  1. 23 minutes ago, Roberto said:

    I find that scanner less than optimal.  It throws out way to much info.  I changed the theory, and run it against a 20 stock list of high dollar tickers.  Works way better.  Only use it after 11:30, when I set my HOD/LOD horizontal lines.

    image.thumb.png.23d45fa8a232ba08daf27a0c0a5e778b.pngimage.png.c96f472352698603829d30a36f847279.pngimage.png.4a05fbe81a37ddfcfc418b6dd397f327.png

    Can you send these settings to mike@bearbulltraders? He set up the current HOD/LOD TI scanners in the chat room. Maybe he can adjust them if these work better.


  2. On 1/19/2021 at 8:09 PM, TonyTrader said:

    Hey John, could you go over your stoploss management for a stock like TSLA.  If you have a $4 stop loss, then how do you take your profit?  Is the first partial at 1R?  I see that you many times you get out well before -1R loss, what's the trigger to get out of trades earlier.

    Thanks

    Tony, yes the first partial on $TSLA would likely be at 1R. Maybe 0.5R if it's suddenly really struggling.

    Signs to get out early:

    - Too much time has passed (you can use 5 minutes as a max)

    - Price becomes very volatile after entry

    - Price crosses the dollar level many times up and down (like 4 times is dangerous)

    - SPY dumps hard after entry

     

    Check out the "Stay In or Bail" portion of the presentation for more information.

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