Strategies for Short Term Traders: ETF Trading in Larry Connors Daily Battle Plan
What happened?
The fourteenth winning trade in the Model Portfolio of Larry Connors Daily Battle Plan. The Model Portfolio is 14 out of 16 in 2011.
How did it happen?
Scaling-in to an oversold exchange-traded fund, the ^SPY^. Exiting as the ETF rallied into strength.
Can I see it?
Sure. The set-up is here
And the exit is here.
Two days. A little over 2%. Very much in-line with quantified test results.
Where does this strategy come from?
Larry Connors and Cesar Alvarez wrote a book called High Probability ETF Trading: 7 Professional Strategies to Improve Your ETF Trading. This strategy, called TPS, is one of those 7 strategies.
Why this strategy?
TPS, which stands for Time, Price, Scale-In, is one of the most popular ETF trading strategies we have ever developed and offered to the trading public. With a growing number of variations, TPS is a great strategy for traders looking for a quantified way to trade exchange-traded funds.
Who is Larry Connors?
Larry Connors is founder and CEO of TradingMarkets. His daily ETF trading service, The Daily Battle Plan, provides market analysis and trading tips for short term traders every morning before the market open. The Daily Battle Plan‘s Model Portfolio, launched in October 2008, has a winning rate of more than 80% in ETF trading, including both trades to the long side and the short side.
Where can I learn more about The Daily Battle Plan?
Visit us at the link below for more about Larry Connors Daily Battle Plan – including complete access to the entire track record – trade-for-trade – from the Battle Plan’s Model Portfolio.
Trade ETFs with Larry Connors in Larry Connors’ Daily Battle Plan
David Penn is Editor in Chief of TradingMarkets.com