Search results

Again that's the exact method I suggest you paper trade before using real money. Most people will tell you it is a slow chewing away of your account. A stop loss being triggered does NOT mean market is reversing. What if you just had bad stop placement? Why go short now and compound the issue...

True, although I typically do not trade mean reversion it is simply a short term trend in the opposite direction of the longer term trend. Money CAN be made in both directions although I can't seem to do that.

OP I had tried a system like you are describing thinking that if my stop gets hit I MUST be wrong. But most times that may not be the case. The market sometimes has to digest a bit and churn a bit before setting off in the intended direction. If you set your stops thinking if it gets hit I Want...

Agreed. It was one of the few books that help me advance to the next step of the many steps in a trading system. I know many disagree but I think Alexander Elder and Van Tharpe both shortened my learning curve tremendously.

I use MACD. I know many think it sucks and it lags but I have found it very reliable when combined on multiple time frames. Especially when that is only used for direction. Getting direction right is 70% of the battle in my opinion. At least your swimming with the waves. When 2 or 3 time frames...

I am not going to get into a pissing contest with you but your advice is dangerous. If someone gets whipsawwed with stops then they/you obviously have not determined the best way to set stops because they get death by 1000 paper cuts. But setting stops and getting whipsaw is the first clue it's...

Just noticed there is no MACD on earlier daily CLNE chart so here it is.

I understand your point and I am only trying to point out that people give TA a bad rap because they don't understand it and subsequently trade poorly off info derived from it. People tend to look at something in isolation. So I will try to explain a bit what I mean. I would have never traded...

It was not meant as a correction but more pointing out the nuances between the two. But I understand your point. Something is frequently lost in translation when speak in text.

I understand the emphasis but someone with 2 posts like the OP likely does not know the difference between stop loss and stop limit order. Just trying to be constructive here,...

I am not trying to turn this discussion to one of TA vs other methods but I agree with Simples to a large degree and disagree with Simples on several issues as well. I totally disagree with Braddock. As far as calling tops in my opinion Simples is right TA is a form of looking at markets to see...

Hi Kelly Anderson,..... Only took you almost EXACTLY one month later to post the same stupid question. Who says history doesn't repeat itself? And what's funny is the responses have been almost identical...

Don't you mean if it gets filled is dependent on if it's a stop loss vs a stop limit order? A stop loss order takes market price whatever that is below your stop,...frequently filling at the bid price someone else is willing to pay. A stop limit prevents that by you determining what price you...

See how on the daily chart the price launched from around $3.40 several days ago. The grey squiggly lines on the chart are BB and the price is showing for 5 consecutive days there is price beyond the BB. The BB is 2 standard deviations from the mean. So price for 5 consecutive days was BEYOND...

Hi, welcome to forum. There a couple issues I see. One is the obvious matter that you have way too little capital to trade. But assuming you want to RISK 1% of your capital ($30) then you take your stop loss difference from entry price ($4.43-4.04= 0.39) and divide RISK ($30)/ the stop loss...

Anything over 1 million shares/day is fair game for me.

Ok,.. So looked at it a bit more. I don't like dividend payout on 9-2-16 but could be short term trade. I think I would be more comfortable shorting above $28.15 rather than right here. Looks like it may pop back up before a drop. If it pops I'll keep it on my radar and may take the trade when I...

Congratulations. I have seen SOOO MANY single post new posters come on here and spew crap asking what do you think about this or that. And every single one has been a stupid ass trade for some very basic newbie reasons and yet TODAY,.....YOU,...have the great talent and actual ability as a...

This is called a Martingale approach to betting/trading and has been proven to be a losing method.

As I've said before I never short a stock in an uptrend. Same as your other thread wanting to short XLB. Personally I think it is a bad idea. Some people make it work to trade a mean reversion system. But i have not been able to do it. You really need to study charts on your own and read much...