good thing he didn't read The Roaring 2000s : Building The Wealth And Lifestyle You Desire In The Greatest Boom In History by Harry Dent, otherwise he could still be long.
they double your buying power, don't ever use this extra buying power until you know what you are doing.
you might be a intuition trader, in that case write down your feeling and see how close it matchs with the reality by end of day.
MACD stand for ma convert/diverg but they also throw in the MA of the first 2 MAs, I think the third MA divert the attn away from convert/diverg spirit. I use the first 2 MA (3,35) only.
basically it is symptom of one-big-blow-up-after-string-of-smaller-successfully-trades your brain will have to over come the invincible feeling associated with string-of-winning-trade and learn to be humble all the time...
this is sell pattern it is a combination of h&S and short the bounce under 20MA or 34MA, in general as long as it make kind of round top and then it bounce under MA should do
this book goes over many setups with clear illustrations...