2016 1st trade on 1/25/16 (+8%) - At Support Line

Latest video to this mutual fund trade

• At beginning of 2016, Market initially dropped to major support line, then started to bounce back up
• On 1/25/16, 1st entry for S&P500 funds for my 401K and Roth Accounts.  Note:  Not the best entry.  I will explain later

• On 2/1/16, 2nd entry into S&P500 Funds.  Note:  I thought we might get a fast bounce soon so I added here
• Stock market have a tendency to repeat same recent pattern.  Please note on the first chart double bottom. (two spike down formed near 8/25/15 and 9/29/15)  This exactly what happened next.

• The 2nd leg of double bottom pattern started to form in market
• This is a good place for initial entry to this trade.  Since I already added my entry trade, I could not add more here.  I have to add on confirmation of double bottom pattern that means above 2/1/16 price level.  If you don't know what this means, search on the web for double bottom pattern and entry 

• On 3/2/16, added 3rd entry with confirmation of double bottom pattern.  Note:   I waited for strong trading up date for this last entry.  I was definitely late
• After completion of double bottom pattern, pricing started to rise.

• Sold partial on 4/8/16, and 5/2/16.  My timing was off so didn't sell at rise.
• Sold last partial on 5/4/16 when pricing broke a major support line (orange line).  

Overall, I think trading off double bottom was a great idea.  However, my execution on entries and exits were off.  

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