Trading in Current Volatile Markets?

[ryanv]

Hi All, could anyone who has the premium indicators (BTD/STR/Market Moves) be able to advise how you have been using them in the recent volatile market of the past few months? Which time frames & tickers have you been using these indicators on? Screenshots would be great! Cheers

 

[MerryDay]

Hi All, could anyone who has the premium indicators (BTD/STR/Market Moves) be able to advise how you have been using them in the recent volatile market of the past few months? Which time frames & tickers have you been using these indicators on? Screenshots would be great! Cheers

Trading in today's volatile market comes with no guarantees.

What matters most in today's market is what you buy and when you buy.

What to buy:

Reviewing news and social media for that equity / sector has never been as important.​

Because analysts are downgrading ratings, companies are revising expectations, unabated supply-chain issues, and war are all causing more "corrections" than dips. Know before you go ​

Use the fundamentals labels to verify strong financials:​

https://usethinkscript.com/threads/financial-fundamentals-labels-for-thinkorswim.5308/​

Besides the above labels, I use a subscription service for the other data not available on the ToS platform IE: the alpha, beta, exposure, analyst's composite. That I use to verify the worthiness of a stock. But if you are adept at internet searches and are willing to do the extra work, the information is also probably available for free.​

​

Verification that this was a strong uptrending stock before the dip. That is the definition of a dip.​

A great stock strongly correlated to the market indices that has momentarily dipped and will bounce back up higher and faster. Use this to verify trend and if / when the dip is reversing and on what timeframe chart.​

https://usethinkscript.com/threads/what-timeframe-is-most-favorable-to-trade.10438/​

A strong positive long-term slope greatly increases your chances of a quick solid bounce:​

https://usethinkscript.com/threads/positive-long-term-slope-scan.9398/​

Measure the Anticipated Profit.​

Does this stock have room to run? Is it worth making this trade?​

https://usethinkscript.com/threads/anticipated-potential-profit-returns-target-for-thinkorswim.9401/​

​

When to buy:

• Swing Traders might enter a trade on a down market day. As Mobius said:

Swing Traders prepare themselves to ride the stock if it momentarily keeps dropping and set realistic stops, in case they misread the trade and this truly is a correction and not a dip.​

• Daytraders who enter trade on a down market day or buy into sectors that are in correction territory lessen their chances for success.

Chart setups and hints toward strategy:
https://usethinkscript.com/threads/hello-help-buy-the-dip.7946/#post-90782
https://usethinkscript.com/threads/hello-help-buy-the-dip.7946/#post-78578

 

[Mr_Wheeler]

You can make money, you just got to take profit when ever you get the chance to do so. I call it "locking it in". You may get taxed more with short term tax rates but you're going to have more money than you did before.