Yes! Definitely wait for a retracement before entering. My research has shown this will increase your strategy's performance significantly. Many novice traders feel the need to chase price and enter their positions as price is moving in the direction that they enter. They often get hit by the...
In order to try things out at no cost to you, you might consider the 1 year free trial provided by AWS (Amazon Web Services). To be fair this is a very small VM, but it will probably be capable of running a single account/platform. I also use Azure and have found their VMs to be extremely...
Sometimes, simply diversifying can be the answer. Also holding short and long positions as part of arbitrage techniques. So long on one company and short on another company in the same sector. Of course, you want to be long on the company which is in your opinion showing greater future potential...
Many people clearly have a view on this with comments such as "prove it" etc. And although they are warranted to an extent because trading is genuinely difficult and few will be capable of being hedge fund managers, I still feel the comments do not really offer any constructive advice.
I would...