StockFetcher Forums · General Discussion · Bartune1, question on your position sizing<< 1 2 >>Post Follow-up
4,599 posts
msg #85713
Ignore Kevin_in_GA
1/7/2010 10:35:13 AM

Seeing as 80% of stocks follow the market, you might want to only enter positions when the broad market is oversold or overbought as the case may be. If you follow some of the posts that Kevin and I have made, this can be done simply by following the VIX Divergence and Kevin's Advance Decline oscillator posted under My Favorite Indicator.

I have posted an improved version of this in a recent thread, which includes not only advancing and declining stocks but also up and down volumes for the NYSE as well.

msg #85774
Ignore einok
1/7/2010 6:57:40 PM


When you are shorting above the 200 day MA, do your entries or exits change compared to if it was below the 200 day MA? Do you ever use the rsi 2 closing below 30 as an exit, or the 5 day MA only?

434 posts
msg #85775
Ignore BarTune1
1/7/2010 7:08:07 PM


My entries for stocks above the 200dma is not materially different .... I usually scan for stocks that have a RSI2 > 98 or 99 and short them on a 3-5% intraday increase ..... the opposite of buying oversold stocks on a 3-5% intraday pullback.

Often I look for the stocks to have put in a bottom or top and will buy or sell them mid day.

My exit is, 90% of the time, a cross of the 5DMA, end of day. However, if a stock significantly crosses the line, like CNQ which I was short, i will close out the position intra day. I closed it out at 72 this morning, but may have done slightly better by waiting .... but it had crossed the 5DMA by a $1 and change so I got out. I scaled into that position the last three days based on a high RSI2 read.

StockFetcher Forums · General Discussion · Bartune1, question on your position sizing<< 1 2 >>Post Follow-up

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