Disqus - Latest Comments for richardnday

Re: Watch–George Will: America Needs ‘As Much Immigration as Economy Can Take’

richardnday — Tue, 11 Jun 2019 07:27:51 -0000

Yes, we do need immigration. However, it should be LEGAL,
MERIT BASED IMMIGRATION.

Re: With Support of 8 Republicans, House Passes Equality Act

richardnday — Fri, 17 May 2019 18:14:17 -0000

This is so confusing. I will have to have a cheat sheet up my sleeve to know what to call somebody. The medical profession will have to have a similar cheat sheet. Unfortunately, we most people won't realize that this is a MENTAL HEALTH ISSUE.

Re: Media sets sights on Rick Perry

richardnday — Wed, 17 Aug 2011 18:33:15 -0000

For liberals, facts don't matter - feelings matter.

Re: Here it is Thursday morning and the DJI is down 180 points

richardnday — Fri, 11 Mar 2011 09:47:12 -0000

Thanks for the comment, Jeff. I replied on SPXTimer.com

Re: Here it is Thursday morning and the DJI is down 180 points

richardnday — Fri, 11 Mar 2011 09:46:30 -0000

Jeff, you are right. Saudi Arabia is key right now. This all revolves around oil. I think that the gasoline prices will come down pretty quickly once there is stability and less fear.

Re: March 3, 2011 – SPXTimer Status

richardnday — Fri, 04 Mar 2011 14:04:58 -0000

I am sorry. You can enlarge the chart by clicking on the link. Once you have the chart showing, hold down your control key and hit your "+" sign. This will enlarge it.

My primary reasoning was to give you the overall impression that the SPX appears to retrace back to the lower 12 sma Bollinger band. Actual numbers are less important than the overall Gestalt

Re: Follow up on Bullish Announcement Email

richardnday — Thu, 17 Feb 2011 11:14:38 -0000

See my response in the comments section of the website. Thanks for making a
comment.

Re: Video Marketing - All The Tools You Need

richardnday — Sat, 01 Jan 2011 17:49:16 -0000

Thanks for the reply. Yes, I agree with you. Nanacast has some worthwhile products. For someone just trying to get their arms around website video, they can rocket you forward.

Re: Suggested New Look at “Neutral”

richardnday — Tue, 28 Dec 2010 00:02:35 -0000

Thanks Mike. You have at least personal proof that it doesn't work. Anyone else out there tried it?

Re: Late Signal Entries

richardnday — Thu, 07 Oct 2010 12:47:03 -0000

Yes, the bullish and bearish "pullbacks" work in a similar but inverse fashion.

It is difficult to say how far back a pullback is good. Generally speaking, getting in early on a bullish trade will give you the most profits. This is also true for bearish trades. With bearish trades, however, the pullback's value will be more transient. Bear trades are usually extremely fast and they reverse quickly as compared with bullish trades.

I would consider a pullback to be "too old" if it is more than three days old. These are all generalizations, I am sure you understand.

Re: October 5, 2010 – SPXTimer Status – Platinum

richardnday — Wed, 06 Oct 2010 12:48:07 -0000

Marc: I think I know how you feel. I have been your position many times. You need to have an iron will at this time. It is not advisable to enter long at this time. You will need to wait for a pullback. Look at a chart of SPX where you can show the Bollinger Bands. You should see that the SPX is near the upper band. The price is likely to retreat away from that band. (Think of a rubber band being stretched.) Or, the price might ride up along the upper band.

In fact, we don't know which will happen, but it is more likely to bounce off the band. I will write an article for all to read. This is a very important and frequently asked question.

Re: Why is the market still going up in September?

richardnday — Sat, 02 Oct 2010 09:20:27 -0000

Since it is on our website, it is available to the public. Who knows if it
is true. More research would be necessary for you to really know.

Re: Member Survey

richardnday — Sat, 25 Sep 2010 16:13:13 -0000

We agree. We would love to have more comments posted. We have a unique group of like-minded investors who will benefit from sharing ideas. It takes time to get people involved.

Re: September 8, 2010 – SPXTimer Status

richardnday — Tue, 21 Sep 2010 10:30:39 -0000

Historically, September and October are the roller coaster months. I think that is what you are getting at.

Re: September 7, 2010 – SPXTimer Status

richardnday — Tue, 21 Sep 2010 10:29:51 -0000

I was in a copy and past mind warp. I have fixed those dates. Sorry, the work has been overwhelming.

Re: Trading a Market Timer Is Not For Wimps

richardnday — Tue, 21 Sep 2010 10:16:24 -0000

This is an article I have had in the back of my head for months. It is so important for people who want to be successful trading with a timer to understand this concept. I am glad you liked it.

Re: SPXTimer Aug 25th Status

richardnday — Fri, 27 Aug 2010 09:00:18 -0000

It's not OK to invest in either one yet.

Re: August 5, 2010 – SPXTimer Status

richardnday — Fri, 06 Aug 2010 16:01:10 -0000

If you are trading with SSO, we don't use stops. Just follow the timer signals. If you are trading any of the Platinum level strategies, stops are involved there. However, we will inform you if any stops are hit in the Platinum strategies.

Re: I am receiving emails from excited members – but be careful

richardnday — Tue, 27 Jul 2010 09:45:20 -0000

I know how you feel. I remember having those feelings so many times. Unfortunately, this was years ago. I never skimmed then. I added to my positions; subconsciously believing that the stock price would go to the sky.

Generally speaking, after a stock's price has risen 20%, expect an almost certain pullback.

I am not talking about TNA going up 20%. I am talking about TNA's underlying, the Russell 2000, going up 20%. That is why we skim early.

(I am not explaining the details about skimming here. I just want you to understand the concept of why we skim.)

Re: Leveraged ETF options liquidity

richardnday — Sat, 24 Jul 2010 11:06:43 -0000

If you are considering trading options through your broker Think-Or-Swim (TOS), you should have the ability to check out the bid-ask spread and the amount of open interest. Those two parameters are crucial to a successful option trade.

If the Open Interest is small, you will be trading with the market maker - meaning you will have to buy at the offer and sell at the bid. If, on the other hand, there is large open interest, you will be able to trade in between the offer and bid. This can make a big difference to your profits

Re: Russell 2000

richardnday — Sun, 18 Jul 2010 23:17:39 -0000

Yes, that makes good sense. The Direxion 3x works very well on the Russell 2000. Use TNA for bullish, and TZA for bearish.

Re: question of entry into position

richardnday — Fri, 16 Jul 2010 15:47:38 -0000

That is an excellent question. I will give you a short answer.

First, this is expiration Friday.
The Friday once each quarter when stock index futures, index options, and stock options simultaneously expire. Investors tend to close out positions in futures, options, and stocks on expiration Friday with the result being extremely volatile prices on this day.

Since this is an extremely volatile day, I don't think I would be certain that this is a good time to buy SDS.

Here is what I would do: I would watch the market tomorrow. If between 10:00 am and say, 11:30, the market has continued to decline, then I would buy SDS. It will take a couple hours before the market starts to behave normally. That is why it is a good idea to wait.

Also, when there is a large move, like today's there is usually a retracement of up to 50% of that move. That is why it is a good idea to wait. I will be posting this into the newsletter this evening, because it is such a great question. Thanks

Re: Chart Analysis – Trendlines & Divergence

richardnday — Mon, 12 Jul 2010 07:44:09 -0000

I will start the comments. I want to add that when you draw trendlines on a chart, consider the trendlines as having been drawn with crayons. Trendlines give you a good approximation of where the market might go. They are not pinpoint accurate.

Let me know if you like training videos.

Re: Private: I calculate that we are roughly 9% away from our entry point on the SDS.

richardnday — Mon, 12 Jul 2010 07:30:47 -0000

That is a great question. I plan to do another video in the next day or two. It will discuss and hopefully illustrate how to enter the market mid-signal.

When you enter the market is important. When you exit is probably more significant. Stay tuned for my video about mid-signal entries.

Mike: I modified your post just a bit. The title should be short and interest provoking. Then, make all your comments in the body of the post. I just took part of your title and moved it to the body. Your post is thought provoking and thanks for taking the leap.

Re: How To Create A Comment To A Post

richardnday — Mon, 12 Jul 2010 07:21:59 -0000

I am glad you found it helpful. Consider volume as people voting. The more votes, the more valid. However, also remember, sometimes everybody votes wrong.