The recording of this live class is available free for a limited time directly through zoom
The notes as presented are copied below
RSI
60-Minute charts
Four RSI indicators with lookbacks (5, 12, 18, 25)
RSI 50 level is the line in the sand
When all four are above 50, buy
When any one gets below 50, sell 25%
When another one gets below 50, sell 75% of the remaining position
When another one gets below 50, then sell the rest
(Normally, you will be flat while the slowest time frame is still above 50)
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Stock selection
Finviz
- Stocks over $20
- Stocks that have moved more than double what the market did over the past year (e.g. if the market was up 15%, then look for stocks that went up 30%) – Raise the bar to reduce the number of names
- Stocks not ETFs
- Profitable (P/E > 0)
- You really like it š