FSCHX 2.6% in 9 days

Everything looked poised for a downturn.

Here is the retrospective look. Was I right?

That's why RSI 80 (yellow line on the bottom graph) is the sell signal. Don't hang on too far.. you get greedy. It's better to look for new opportunities than try and squeeze profits out and then get in a panic when you a month's profit dissapear see them disappear in a few days

The powers of destruction are always greater than the powers of creation.

Take the profits why you are paying attention, not while you are distracted by falling prices.

FSCHX - Poised for a downturn

This is rather retrospective....haven't been posting many trades as Christmas holidays got in the way.

I closed this early as the chart looked like it was poised for a downturn, based on at RSI over 80 and other market conditions at the time.

Target was $156. Profit was 2.6% in 9 days.

Here is the retrospective look. Was I right?

That's why RSI 80 (yellow line on the bottom graph) is the sell signal. Don't hang on too far.. you get greedy. It's better to look for new opportunities than try and squeeze profits out and then get in a panic when you a month's profit disappear see them disappear in a few days

The powers of destruction are always greater than the powers of creation.

Take the profits why you are paying attention, not while you are distracted by falling prices.

Opening FSCHX

Closing FSCHX 6.0% in 30 days - retrospective

Hindsight shows how well timed this exit was.

A ton of exit signals on this one - confirmed in hindsight:

 - Exceeded profit target (blue dotted line to $156)

- Upper bollinger band penetrated with a big runup to the bollinger band that week

 - sequence of bars edging closer to the bollinger band

- RSI above 70

- EMA 5 above EMA 13

 - MACD 5 (blue) above MACD 13 (yellow)