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Interesting thought. I’m thinking that I want to put due position trading rather than daytrading. Maybe swing trading. If there’s much of a difference but not daytrading. So not sure if that would work for me I did think about it what I want to get out of this. And I think I’ve come up with a...

I will reread this thread thanks

I think there’s a good point to this question but I’m not sure what it is or where you’re going with it. In any case of course I think rules based trading is the right way to trade if you’re going to be active because it takes all of the emotion out of any decision you make. I will never get to...

Yeah, I would agree those things are just as important. I singled out “what to trade” because that’s the starting point, I should have said that more clearly.

Nope, not yet, I know I need one.

I was independent, cleared thru Raymond James, and was IAR under their RIA. Generally tried to avoid taking accounts under $250k. But when I did, I either used one of the B/D cookie cutter models, or if I managed it myself with discretion I DCA the assets over 6 months or so. No timing. And yes...

Easy, I didn’t trade often. I was a CFP, and after planning, did mostly asset allocation, using index ETFs. When I bought individual stocks, it was mostly large cap dividend payers/growers that I bought and held. I sometimes reacted to market gyrations, but not often, and I trained my clients to...

so after watching the first 10 minutes of the video, my take is RSI is the more important indicator if you want to gauge whether a stock is overbought or oversold. Higher is overbought lower is overbought. Am I correct? and RS is a useful tool to tell you sort of, where to focus your efforts in...

good points. The way I take your response, my feeling that discretionary is the opposite of rules base is SORT OF correct, but it’s a question of degree of difference.

Now that I’ve got your attention lol…. I say IF I was a trader, because I’ve got so much to learn before I can call myself one. anyway, I’ve managed thru this clown show called 2022 pretty well. Keep in mind I’ve always been a long term investor and have tended to “buy and hold”. Now that im...

Thanks I appreciate it

Agree on FANG X 3. These ETFs should be like private equity. Accredited investors and certified qualified traders (using some system) only.

Ok, that’s what I thought. I use Google. But the explanations I got, didn’t really help me with a proper understanding , on RSI in particular.

Robert on your other responses, thanks very much, got it

doesn’t make sense. For example, in this context….

If most people thinking we are nowhere near the bottom is a contrarian indicator, then judging by this thread, we are near a bottom LOL

TARK is a great example of how ETFs have evolved from the ridiculous to the sublime. Same for SARK. It’s stupid . And for the average investor (not most here) it’s dangerous. JMHO

What is “discretionary trading”? Before I retired, as a financial advisor, it meant to me, I had discretion and managed accounts without the ok from the client in each trade. but I’m guessing it means something different here. Is it trading in gut feel, as opposed to rules based trading? That’s...

In the thread about a book on Profitable Trading Strategies, there is a reference to NQ. What is that?

Can someone explain to me in plain English what the difference is between RSI and RS? I’ve always looked at RS, from what I’ve gleaned reading IBD. But I don’t recall IBD ever mentioning RSI. And yet I see traders (one that I subscribe to his service) use RSI all the time.