tag:blogger.com,1999:blog-18657157.post2761629923150060936..comments2024-02-10T02:17:57.075-08:00Comments on b z b t r a d e r: That was badbzbtraderhttp://www.blogger.com/profile/11607843481812042367noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18657157.post-14243246598928500472007-10-20T10:50:00.000-07:002007-10-20T10:50:00.000-07:00Wish there was an easy answer to your question, bu...Wish there was an easy answer to your question, but there's not. I really re-assess the probabilities each day of market strength and weakness and gauge my trades and degree of risk comfort based on that assessment. That why I like the Qs. .easy in, easy out, easy to hedge with options or QID, penny spreads and instant execution + huge volume. The Qs also response well to my favorite tech signals. .parabolic SAR and MACD signal line(MA component). I use these indicators in a fractal manner, ie., 5-10 minute bars for daytrades with 2 minute exits, and 60 minute/ daily bars for the longer term trend. My concept of "longer term" is about 6 weeks, so don't rely on me for any visionary insights. For the "longer term" trades I try to create a constant revenue stream by selling premium that will generate 2.5-4% per month with minimum risk. I've spent many years developing this strategy and the penny option spreads and the QIDs have helped push me in that direction. Sorry to sound ambivalent, but I try to take each day as it comes and respond accordingly to what the market offers. This is easier said than done and is obviously still a work in progress.bzbtraderhttps://www.blogger.com/profile/11607843481812042367noreply@blogger.comtag:blogger.com,1999:blog-18657157.post-25303319406065953312007-10-20T08:57:00.000-07:002007-10-20T08:57:00.000-07:00Bzb - I'm curious as to whether you've more of a b...Bzb - I'm curious as to whether you've more of a bull or a bear, in a broader sense. From this post I take that you are becoming more bearish from Friday's market action.<BR/><BR/>Personally I'm looking at the steep run up the market has had since it's August lows and thinking that this is an expected venting, to let the longer period moving averages catch up, and we'll see some more sideways consolidation followed by more upside after several weeks. <BR/><BR/>So I guess I'm a two week out bear and a two month out bull. What do you think?Mike Ghttps://www.blogger.com/profile/18267362051369695129noreply@blogger.com