ETF Trading Research 10/17/2017
For those of you new here, I most of the time have the ETF Trading Research report out by 8PM PDT, and it comes by an RSS feed, but you can look at the report here sometimes before you get it in your mailbox; https://illusionsofwealth.com/category/etf-blogs/ This is also the same link if there are any technical difficulties.
Today’s Trades and Current Positions (highlighted in yellow):
Took some profit from JDST today, which we should have made official yesterday too. UGAZ we tried on the strength, but it reversed and we had a tighter stop on it. Happy to get back in lower, if we can achieve our target. Metals and miners took a nosedive but recovered and we even saw NUGT go positive for a bit. USD/JPY still needs to break down, as you know, for metals and miners to move. Miners will lead metals back up. We did get hit on LABD late in the day and I added it to the table. BZQ I don’t mind having some exposure to these foreign ETFs again and it was leading the way when we went long. Small pullback. Swing Traders hanging in there ok overall. I think end of month we’ll see these all up nicely.
I wanted to share again what a subscriber who is using the trading services is doing to see if it will improve your performance on my calls overall. Tighter stops seems to be working for him, but taking profit is also the key.
I am sharing these trades with you so you can see how I am learning how to use your service to manage them better given my situation and to not lose profit by holding on to long which used to happen to me a lot. Also, my experience and skill set probably represents many of your new subscribers.In addition to your rules, here are the rules I try to follow:1. Do not loose the money2. Monitor or have tight stops3. Do not chase spikes up4. Buy good positions on the spikes down5. Protect the downside of a position by averaging in to get close to a bottom.6. Sell all or 1/2 on major spikes up6. Be aware of overnight and weekend risks7. Monitor news, futures, and market indexes8. Read a lot of articles9. Only trade when you can monitor what is happening.Finally, I am learning how to read into your alerts and research and apply it to my situation. For example, when you predict 1400 in gold, it does not mean to buy JNUG and hold it til it does. I take it now to mean buy dips and sell spikes until we get there. Given the volatility of these highly leveraged stocks and how they are manipulated, getting in and out protects the downside and actually makes more money if you do not miss the big spikes, and there is the rub. If one can get half of them, one can do well.
Economic Data For Tomorrow
Building Permits and Crude Oil data the most important tomorrow.
http://www.investing.com/economic-calendar/
Precious Metals and Mining Stocks
Being very patient with these, I know. But I want to look back by end of month or soon thereafter and say it was all worth it. USD/JPY under 112 then 111 is all we need for some fun. We’ll scalp JDST on the other side only.
Tuesday Price
Monday Price
Friday Afternoon Price
Thursday Afternoon Price
Hot Corner (the biggest movers – 3% or more – or new ETFs that are green on the weekly – those in bold are consecutive days in the Hot Corner):
DSLV
Cold Corner (the biggest move lower 3% or more that are green on the weekly and or weekly/monthly or turned red on the weekly – those in bold are consecutive days in the Cold Corner):
USLV
Green Weekly’s
These are the ETFs that have turned green on the weekly and the dates they turned green. This is used for tracking your percentage gains so you know when to take profit for each ETF per the Trading Rules profit taking guidelines. These green weekly’s work as you can see from the %Gain/Loss tables. You won’t get the exact high with your trade but you will also be out typically well before they start to fall again or turn red on the weekly. Your best way to profit with the service is stick with the green weekly trend and take profit while using a trailing stop on remaining shares. Also, if these green ETFs are up for the day at the open, they offer the best scalping opportunities. I am always fine tuning this section so if there is confusion at all, email me and be specific and I’ll be happy address.
I know I have said this many times but it is worth repeating; If you stick with the green weekly trades your odds of profit increase as there is more risk with the day trades. I call the day trades with the intent of catching some runners, so will get a few 1% stop outs but eventually catch the 5% to 10% or more runners. The important part of the list below is that the longer the ETF stays on the list (the one’s at the top of the list by Entry Date) the more likely it is to turn red on the weekly and the opposite ETF comes into play as a long.
Sell half shares on a spike up on any ETF you are long, even if goal is higher. Spikes higher are almost always followed by moves in the opposite direction. Try and get out with a market order quickly before the quick move back lower. Lock in that profit!
