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Hey just curious, is there a legal reason why you guys are starting your posts with the non advice disclaimer?

Forget who was saying it earlier in this thread, thought it was you, haha, but once you get better at trendlines and reading candlesticks, doesn't that tell you alot of what you'd get from MAs?

This thread has me thinking of Woody Allen's Love and Death

Yep, I can see why one would move on from MAs eventually, but I feel like I need them for now while I'm still just learning how to draw valid trendlines and identify support/resistance. Had a good week. Only made 5 small trades, 3 good gains, 2 very small losses. I still like this buy/sell...

I found "Fundamental Analysis for Dummies" and "Buffetology" both pretty helpful and clear.

Lol point taken

But say you're lurking on a stock in a slower moving market, is it helpful then?

Weird, I was gonna start a thread on this myself. New to trading, keep hearing in passing that Level 2 is essential. Look forward to hearing what people say.

Saw a guy do a video on youtube where he executed this idea, pretty interesting thought-process, feel like I half-understood what I was supposed to take away from that though. I'll try it out, see what pops.

Yeah I feel like that's the one relative advantage I have is that I'll know not to apply anything too mechanically. But I'm still in that apprentice mode where I want to learn all the mechanics before I try to loosen/transcend them.

This article is great, thanks! I've had the 50 and the 200 SMAs sitting on my chart with no idea what to do with them, this gave me good ways to think about those.

Yeah I'm just getting started on understanding how/where to draw trendlines, no argument there, I can tell already that will take the most practice, looking forward to it, and I've been watching lots of charting videos on it. Think I'll start a separate thread on trendlines welcoming any...

Ah okay, this idea that enough people figuring it out will invalidate it. Makes sense.

Thanks Kaizer! Here's some concrete questions. 1. My system in a nutshell: I watch EMA crossover first, soon as it crosses over, I wait for a bullish engulfing, then I buy unless I see divergence on the momentum indicator or RSI looks strongly overbought. Then I sell after the EMA crosses...

Thanks Formika, and I appreciate all your tips so far! I'm envisioning a mix of swing and day trading. My real job is flexible enough that I could probably daytrade 4 days a week if I wanted, but I'm thinking more like 2 days, and then in the evenings the rest of the week, researching and...

Yeah I hear you, I'm doing all this on a clunky old laptop setup too with an unreliable touchpad. The faster Dell desktop with a proper mouse and bigger screen shipped yesterday!

Great way to think about it. I also haven't tried 2-min timeframe once so I'll give that a try, might be a nice balance. The 5 min is too sedate for me, everything looks kind flat, whereas the 1-min is too much of a videogame. I'm slowly getting better at processing stuff at that speed, but...

That's really helpful, thank you! I'm 100% locked in analysis-paralysis last couple weeks, but I'm still new enough to this that I guess it's understandable. I'll hear a "rule of thumb" like never buy based on a single timeframe, and I stick to it too strictly, not enough experience yet to...

Another beginner question. I've been backtesting moving average crossovers against lower time frames for daytrading: 5min vs 1 min, also 4hrs vs 5mins. I'd been told you should always use the higher time frame as your main buy/sell signal and then go down to the lower timeframe, and if both...

Interesting. Why do you prefer using QQQ for market sentiment over the NDX or IXIC?