Read on Twitter
I've begun to incorporate @saxena_puru 's often mentioned 5ema-10ema indicators into my individual charts.
I know he uses $IWO and the MA's as a general indicator of the trend as well.
But this simple 5>10 can help keep you in a growth trend in volatile names. For example:
I know he uses $IWO and the MA's as a general indicator of the trend as well.
But this simple 5>10 can help keep you in a growth trend in volatile names. For example:
$LVGO, which I've been part of thanks to @cperruna and him making me aware of this name in February, has been quite a ride.
Here's a daily chart with the 5/10ema's and not once since late-march has the 5 crossed below the 10.
Here's a daily chart with the 5/10ema's and not once since late-march has the 5 crossed below the 10.
Despite the volatility and pullbacks, using this simple metric would have kept you in the trade the whole time.
Conversely, a software name I like, $PAYC, had it's 5/10 cross down and should keep me out of this name until the trend corrects.
Conversely, a software name I like, $PAYC, had it's 5/10 cross down and should keep me out of this name until the trend corrects.
Lastly, one of the names I've wanted to get in to for the last couple weeks is $FSLR. Trend is up, recently broke out of a bull flag on the daily, and is above its 200dma.
I got in at 59.88 on a pullback.
I got in at 59.88 on a pullback.
If you're a new investor or swing trader, use other people's methods and ideas, tweak them to fit your style.
You don't need to reinvent the wheel. Just adjust it until it works for you and your personality/temperament.
You don't need to reinvent the wheel. Just adjust it until it works for you and your personality/temperament.
