A Pullback to FEB 2nd, 2023 high!
Quantitative approach:
SWING:
Instructions:
1- Opening new position: between Stop loss and the Market price is preferred.
2- Duration of trade: could vary between several days or several weeks.
3- Primary Stop loss: Put stop loss in the system based on your risk tolerance.
4- Target: The system will update stop loss every day, and trades will be closed by trailing stop loss
The Sniper Swing Forecast app uses a quantitative approach to predict the potential price movement in the stock market. Remember, certain situations may increase the risk of deviation from the forecasted direction; For instance, Earnings, Important news, FOMC meetings, Interest rate, and the release of new data such as CPI, Job data..etc, can cause abrupt moves.
*Do not use this model to trade options!
SOFA:
Instructions:
1- Opening new position based on the forecast model between 9:35-11 and 14:30-15:55 (New York).
2- Choose Strike prices based on your risk tolerance, the first in the money (lower risk) or first out of the money (higher risk).
3- Position size: 1-3% of your options trading capital, and based on the power of the signal(higher power~ bigger position).
4- Primary Stop loss: 25% of your entry.
5- Target: +100%
6- Trailing stop loss: move your stop up after 30%-60%-90% …etc. gain, or roll to the next out-of-money contract.
Risks of Deviation from the Forecast Model:
Certain situations may increase the risk of deviation from the forecast model, the most important ones are:
- Earnings
- Important news like FOMC, Interest rate, CPI,Job data, FED's Chair Speech..etc.
- Holding overnight, and over weekends.
SWING:
Instructions:
1- Opening new position: between Stop loss and the Market price is preferred.
2- Duration of trade: could vary between several days or several weeks.
3- Primary Stop loss: Put stop loss in the system based on your risk tolerance.
4- Target: The system will update stop loss every day, and trades will be closed by trailing stop loss
The Sniper Swing Forecast app uses a quantitative approach to predict the potential price movement in the stock market. Remember, certain situations may increase the risk of deviation from the forecasted direction; For instance, Earnings, Important news, FOMC meetings, Interest rate, and the release of new data such as CPI, Job data..etc, can cause abrupt moves.
*Do not use this model to trade options!
SOFA:
Instructions:
1- Opening new position based on the forecast model between 9:35-11 and 14:30-15:55 (New York).
2- Choose Strike prices based on your risk tolerance, the first in the money (lower risk) or first out of the money (higher risk).
3- Position size: 1-3% of your options trading capital, and based on the power of the signal(higher power~ bigger position).
4- Primary Stop loss: 25% of your entry.
5- Target: +100%
6- Trailing stop loss: move your stop up after 30%-60%-90% …etc. gain, or roll to the next out-of-money contract.
Risks of Deviation from the Forecast Model:
Certain situations may increase the risk of deviation from the forecast model, the most important ones are:
- Earnings
- Important news like FOMC, Interest rate, CPI,Job data, FED's Chair Speech..etc.
- Holding overnight, and over weekends.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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