Recent content by Jzwu2017

Market opening time is very volatile but often trendy. Market closing time is very volatile and often unpredictable.

I wouldn’t say swing trading is easier than day trading and day trading is hard enough. It’s all about your personal style. For example I only do day trading since I cannot sleep at night with a (big) position in the market. Technically, they are quite different. In day trading you never ever...

I’d say within 1-2 weeks. Watch daily candles. 20% correction would put the short term bottom around $110.

We can trade Nvda using TA. It will probable go back up even if not to its ATH last week. The question is how to find the short term bottom.

I watched the video and saw such videos before too. Posted for those who haven’t. I got burned by this so many times even though I know it. :banghead:

If one can predict/see a real trend in real time (not in hindsight) that’s a tremendous edge. All theories are useless.

Good for you! I try to remain positive after a big loss. No sushi from Japan though.

LOL this happened to me so many times as if the market knows exactly what you’re trying to do.

I have built a few templates in TOS, such as stop at 1 unit ($) and target at 2 units ($) and stop at 0.5 unit and target at 1 unit, etc. Usually, it’s 1:2 risk/reward ratio. I choose how big a position to enter, say 100 shares or 200. If the market clearly goes my way I add another position...

This is very common in trading. I have battled with taking losses for a long time and finally decided to use preset a hard stop for every trade and that helped a lot. I can win for a whole week but often one big mess-up like what you did gives back all previous winnings. Even with hard stops I...

This morning I sensed AMD weakness and shorted around 10:30am but got out during the subsequent volatile bars with only a small profit.

I use 5-min candles and 1-3 mins line charts. Any more candles than 5-min are too much for my eyes. The lower time frame lines give me more details than the 5-min candles when needed. Mostly I make decisions based on the 5-min candles. My current biggest challenge is emotional control and the...

I think it’s either momentum play or reversal play depending on your perception of the market/price trajectory at that time.