Locking in the Gains in QQQ: Daily Battle Plan Earns 12th Win of 2011

For subscribers to Larry Connors Daily Battle Plan, the recent resurgence in worries over the Greek debt crisis in Europe were yet another opportunity to buy the selling.

The Model Portfolio of the Daily Battle Plan began scaling into the stock market a week ago, buying shares of an oversold ^QQQ^ after they had pulled back. And when the QQQ closed lower again, even deeper into oversold territory above the 200-day moving average, the Battle Plan‘s Model Portfolio added to the position.

This quantified trading strategy, called scaling-in and discussed at length in Larry’s book, High Probability ETF Trading, is a proven way for swing traders who buy exchange-traded funds (ETFs) on pullback to potentially increase both average % profit/loss and accuracy rate.

QQQ chart

Above: The Battle Plan Model Portfolio‘s 12th winning trade in 2011. Larry Connors’ Daily Battle Plan has been correct more than 80% of the time since inception in October 2008.

For more information – including the opportunity for a free, 7-day trial to Larry Connors’ Daily Battle Plan and complete access to the Battle Plan‘s Model Portfolio – click the link below.

Special Offer: Get the Daily Battle Plan for half price!

Our spring promotion is coming to an end. If you’ve been thinking about trading exchange-traded funds, click the link above to learn how a free trial to Larry Connors Daily Battle Plan may be a great way to get started.

David Penn is Editor in Chief of TradingMarkets.com