Cobra's Market View

The institution buying and selling chart from stocktiming shows more accumulation than distribution this week. I prefer to see accumulation going up more the next week otherwise we could just be in a range.

don't forget our weekly sentiment poll here: viewtopic.php?f=9&t=2480

No stock picks for the next week. Here's count of strong stocks which for a moment I thought was wrong.
viewtopic.php?f=10&t=2482

Cobra looking at seasonality are the first 2 days after Memorial day bearish

The navy-blue line
In other words: no new highs without the BIG FIVE (FAANG)
[Bespoke, percentages]

johnnywa wrote:Cobra looking at seasonality are the first 2 days after Memorial day bearish

Only Tuesday is a little bit bearish, other days are fine.

Al_Dente wrote:The navy-blue line
In other words: no new highs without the BIG FIVE (FAANG)
[Bespoke, percentages]

527ex agmaf.png.png

MSFT is not NFLX, so it's FAAMG

Cobra,

Does your 175 strong of 400 normally strong used as an index
eg 175/400 =>43.75
have predictive value for the upcoming weeks?

That is:
"The Cobra Strong Stocks Index when showing a reading of less than 50 indicates a weakening trend."

daytradingES wrote:Cobra,

Does your 175 strong of 400 normally strong used as an index
eg 175/400 =>43.75
have predictive value for the upcoming weeks?

That is:
"The Cobra Strong Stocks Index when showing a reading of less than 50 indicates a weakening trend."

I think it's a good way to measure the internal strength. But it's not a short term indicator, may take awhile to work.

I'm struggling with my trading.

For fiscal 2017, my new trading system is 47-5. Of the 5 losses, most were tiny under 5%. Only one was a max drawdown (a 25% loss). All the winners are 10% or more. My total profits are around 1500% on the year.

But I have problem.

I have a full-time job and it keeps forcing me to miss trades. My trading system for May went 6-0 and more than doubled my money. But I was only able to catch 2 of them because of work-related distractions. I had simply quit my job and traded stocks, I would have blown away my salary for the month.

At what point do I just quit my job and trade stocks?

Thankyou

DellGriffith wrote:I'm struggling with my trading.

For fiscal 2017, my new trading system is 47-5. Of the 5 losses, most were tiny under 5%. Only one was a max drawdown (a 25% loss). All the winners are 10% or more. My total profits are around 1500% on the year.

But I have problem.

I have a full-time job and it keeps forcing me to miss trades. My trading system for May went 6-0 and more than doubled my money. But I was only able to catch 2 of them because of work-related distractions. I had simply quit my job and traded stocks, I would have blown away my salary for the month.

At what point do I just quit my job and trade stocks?

Why don't you offer someone like me to try your system and see if it works for others, if it works for me then I can confidently give you any suggestion about your job...just a food for thought! I will not pass on your system to others..promise

MARK YUSKO: 'The US is going to have a crash and it will be massive'

http://www.businessinsider.com/mark-yus ... +user+view


http://www.businessinsider.com/mark-yus ... +user+view

DellGriffith wrote:I'm struggling with my trading.

For fiscal 2017, my new trading system is 47-5. Of the 5 losses, most were tiny under 5%. Only one was a max drawdown (a 25% loss). All the winners are 10% or more. My total profits are around 1500% on the year.

But I have problem.

I have a full-time job and it keeps forcing me to miss trades. My trading system for May went 6-0 and more than doubled my money. But I was only able to catch 2 of them because of work-related distractions. I had simply quit my job and traded stocks, I would have blown away my salary for the month.

At what point do I just quit my job and trade stocks?

Step 1.
Make a list (for yourself) of why your system works
Make a second list of when your system will stop working

Step 2.
Are your signals intra-day? If this is why you feel you missed the trades can you have your system send messages when there is a buy /sell without your interference? If yes you can either have it trade for you or send them to someone to trade (Like Junior) or have them trade a TST combine for you.

daytradingES wrote:

DellGriffith wrote:I'm struggling with my trading.

For fiscal 2017, my new trading system is 47-5. Of the 5 losses, most were tiny under 5%. Only one was a max drawdown (a 25% loss). All the winners are 10% or more. My total profits are around 1500% on the year.

But I have problem.

I have a full-time job and it keeps forcing me to miss trades. My trading system for May went 6-0 and more than doubled my money. But I was only able to catch 2 of them because of work-related distractions. I had simply quit my job and traded stocks, I would have blown away my salary for the month.

At what point do I just quit my job and trade stocks?

Step 1.
Make a list (for yourself) of why your system works
Make a second list of when your system will stop working

Step 2.
Are your signals intra-day? If this is why you feel you missed the trades can you have your system send messages when there is a buy /sell without your interference? If yes you can either have it trade for you or send them to someone to trade (Like Junior) or have them trade a TST combine for you.

Its more like there's a buy signal and it needs to be bought right then. You don't wait. The window can close fast. I'd have to have someone sitting there all day just waiting for a text lol. If I do it, I basically have to sit there all day waiting for the buy signal to pop up.

DellGriffith wrote:

daytradingES wrote:

DellGriffith wrote:I'm struggling with my trading.

For fiscal 2017, my new trading system is 47-5. Of the 5 losses, most were tiny under 5%. Only one was a max drawdown (a 25% loss). All the winners are 10% or more. My total profits are around 1500% on the year.

But I have problem.

I have a full-time job and it keeps forcing me to miss trades. My trading system for May went 6-0 and more than doubled my money. But I was only able to catch 2 of them because of work-related distractions. I had simply quit my job and traded stocks, I would have blown away my salary for the month.

At what point do I just quit my job and trade stocks?

Step 1.
Make a list (for yourself) of why your system works
Make a second list of when your system will stop working

Step 2.
Are your signals intra-day? If this is why you feel you missed the trades can you have your system send messages when there is a buy /sell without your interference? If yes you can either have it trade for you or send them to someone to trade (Like Junior) or have them trade a TST combine for you.

Its more like there's a buy signal and it needs to be bought right then. You don't wait. The window can close fast. I'd have to have someone sitting there all day just waiting for a text lol. If I do it, I basically have to sit there all day waiting for the buy signal to pop up.

What do you trade? /ES?