Slingshot, Coiled Spring or Trend Rider: what is the difference?
Quick answerSlingshot buys an oversold dip snapping back on the 30-minute chart, out at a small target. Coiled Spring buys a daily stock coiling tight and snapping out on a volume surge. Trend Rider rides the 50 EMA turning green on a volume surge, on a trailing stop.
The details
- Slingshot: a dip and snap back, 30-minute chart, +3% target, −10% stop, hours to days.
- Coiled Spring: tension then a breakout, daily chart, ★★★★+ springs, the star target and a stop under the coil, up to 30 trading days (Coiled Spring).
- Trend Rider: a trend starting, daily and 4-hour, a 3 ATR trailing stop to a 12 ATR target, weeks (Trend Rider).
They find different moments, so they rarely call the same stock at once.
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