Sept 28th- A sample ATP Crowd Behavior Trade
Our method of crowd behavioral based swing trading works because I wait for the extremes of crowd emotions and sentiment as evidenced by Wave Patterns, Fibonacci Fractals, and sentiment. We use our own home cooked recipe to go long an ETF or Stock right near major extremes and just prior to a reversal.
Normally, we scale in over 24-48 hours ahead of our projected reversal. Then we scale out as well over 1/3 or 1/2 at a time and take our profits.
It is common for us to have 7-12% gains inside of 24-72 hours. We also tend to hit on 85-90% of our trades because we are patient and then we have a scale in and scale out method to profit.
Below is a sample of shorting the SP 500 on Sept 27th as the SP 500 had been rallying hard from 1114 a few days prior and had gapped up to 1185 that morning. We immediately began scaling long into the BGZ ETF, which shorts the SP 500 index at 300%. We continued to average in all day long from 40.25 down to 39.25.
The following day, the market fell hard and we sold 1/3 of our position for 7.5% gains inside of 24 hours. We held 2/3 into the close up 11%.
(You can learn more about my methods by listening to this Interview with Tim Bourquin of Trader Interviews)
