5 Samples does not a trend make

Still - I've got to do my own trading and learn my own lessons. I can't survive on the coat-tails of others. And besides, for a number of personal reasons I don't think I can replicate the strategies that other people use. For the time being I need to trade without broker margin, and I'm not ready for options. And my position sizes are small enough that I can't really chase 1% moves - I need to hunt larger game.

Following from the last post. The attempt to run the numbers sector-by-sector has been taking too much time. Instead I just focused on getting the historical pomo data into a spreadsheet format which could be used. You'd think that the "excel format" link on their site would take care of that. It's basically the same format you'd get if you cut and pasted the raw text. Sigh. I was going to do all kinds of fancy processing but that's going to have to wait until I have time for it.

So here's a quick and dirty chart looking at a triple-levered inverse S&P500 ETF to amplify the daily move. The POMO days are boxed in white. The 17th is a bit of an anomaly since we had the big dollar jump the previous evening. The kinds of moves I hope to catch are the yellow lines from the prior days. I've looked back further and this pattern of moves down from the prior day doesn't extend far. But we are in a different operating mode from July, so that doesn't worry me. It looks like good entries are hinted at by a up-trending RSI moving average, and from the CCI either reversing from down to up or crossing -100 upwards. Exit point should be after about a 5% gain and before 2pm at the latest.

Time to get to sleep before I repeat my common mistake of not being awake during the all-important morning trading session. Accountability and all that...