Recent content by Metals4me

Trying to predict the direction of the stock market and magnitude of any move is a fool's game. Just follow the price. I've been watching these doomsayer predictions when the market is going up, and the bullish all the time predictions by the buy and holders for years, and yet Wall Street's...

The amount you risk per trade is completely dependent on the expectation of the strategy you are trading. You need to determine your likely percentage of winners, the likely longest losing streak (and then double this to be safe), and the ratio of how much you make on a winning trade vs. the...

In my experience, the most obvious the signal is, the better it will be. That key reversal certainly held up enough to result in a big drop. Whether that is the top of this bull move will not be known for a long time, but it was the sign of A top, and that is all that matters.

The bottom line is that if you haven't determined what your edge is, then you have no business trading.