I can hardly believe it but I understand that some of my readers are not daytraders at all but actually have jobs and otherwise spend their days not glued to multiple monitors watching 2 minute bars flow by.
I can almost recall a similar lifestyle many years ago, but being old my memory is a bit faded so I'll just have to take it on vague faith that I too once enjoyed that leisurely market approach.
The braintrust at ETF Rewind has graciously provided me with a variety of prospecting tools that have recently permitted me to fantasize about a return to those simpler trading days when high frequency trading, prop shop manipulation, algo program trading and dark pool shenanigans didn't make swing trading the equivalent of navigating a mine field while blindfolded.
So . .as we approach the new year here's a simple rotational system based on a 10 period momentum model with a simple PSAR stop that trades only 4 ETFs . . QLD (2x bullish QQQQ), EEM (emerging markets), DBC (2x commodity index) and VTI(vangauard total market).
The system is based on weekly bars and readjusts every Friday based on the momentum signal.
If momentum is trending up the model invests in the strongest of QLD, EEM or DBC.
If momentum is trending down the model sells short the VTI.
Performance metrics are shown relative to a buy and hold SPY position.
While not currently available for subscription on the Rewind site, I expect this system and variations (currency, sector, country and volatility rotational models) to become available in the new year along with other cutting edge prospecting enhancements. Then I can relax, spend my time paddling around in the pool, golfing and otherwise enjoying a stress-free trading income.