Long
DOC - Trying out RubberBand strategy
I’ve been following Matt’s work from Trader University. In his book he goes into detail about this simple, yet interesting strategy. The strategy consists of buying when the price closes below the lower Bollinger band (80) and selling once it closes at the middle band. He usually holds for a few days or weeks, so this trade will be oriented towards swing trading. Here are some details of my position, once again I would appreciate any comments from the experienced traders out there! I love learning from people who know this way better than any book could possibly teach me.
Current position: 1000 shares at 0.68. Exit target - 0.75. Stop loss at 0.64.
If anyone out here has traded using this strategy before, please let me know if it was worked for you before. Or if anyone is familiar with this guy Matt, I would also be intrigued in having a conversation. Any thoughts?
Current position: 1000 shares at 0.68. Exit target - 0.75. Stop loss at 0.64.
If anyone out here has traded using this strategy before, please let me know if it was worked for you before. Or if anyone is familiar with this guy Matt, I would also be intrigued in having a conversation. Any thoughts?
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