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Lol getting on my nerves a little but that’s OK I’m here to learn which means I need to be challenged the answer to your question is simply that that’s the one that came popped out at me when I looked at all the charts from the IBD 50 list. I would also probably say that I might be being a...

Rising trend, breakout past resistance Rising 20 and 50 day MA's

No, flipping the charts on stocks on the IBD 50 list

I just started looking at it this morning. I see where it broke out on the 28th, I think yesterday is a more decisive breakout, or I should say a good follow thru. Yes I was chasing, I said that when I posted the trade. As far as r/r, I called my target an initial target. I’d sell a portion at...

i try not to trade the first 30 minutes of the day.

Thank you

Bought 25 shares PSA @ $399.02 Buying the trend. probably maybe coulda woulda shoulda waited a bit as its at the top of the channel, but I'm impatient. Stop put in at $353, max downside 11% max risk to total capital 2.3% Initial target $460 (15%). But no overhead resistance so just initial...

So are you saying you just look at a price chart? No indicators? No MA’s, or other indicators? Only looking for where prices reverse up and down? Volume? just want to understand

You can invest without TA, using FA only, and probably be successful. But you can’t trade without a chart and be successful. So why would anyone post on a forum for traders about how TA is only for tits and asses. If you don’t believe in TA, and thus obviously don’t trade, then why spend time...

I think 100%. What’s your point?

Just ignore premarket and post market. They don’t matter, unless you are trading at those times.it’s very illiquid and often premarket prices have nothing to do with reality from one really noob noob to another noob

I don’t know. That’s why I’m asking. Not because I’m trying to decide whether to buy or not, I already own it. Just interesting to me that it looked like a double top to me a couple months ago, now it looks like a double bottom.

I think it fits both

Look at this chart. Would you call this a double top, or a double bottom? Why?

I think if you know how to read a chart, when the trend changes it will become somewhat apparent. Maybe not obvious, but let’s say, detectable.and that in itself will limit losses. Seems like risk tolerance in position trading would be somewhat looser, but not off the charts (no pun intended) loose.

thanks Easemon. Yes, I’ve gotten a lot out of the exchanges here and appreciate all the helpful responses from everyone to my noob questions. so over time, I’ve definitely evolved to wanting to spend some time on this, but not so much that I become OCD obsessive which I tend to do, and not so...

That’s my plan. Also, I tend to over trade, it’s another reason I think position trading will be more constructive

Great post I will respond later I’m a little rushed right now but thanks for taking the time to think this through

Not so concerned about the stress I don’t get stressed about stocks since I was in the business for 20 years. More concerned about the time I need to devote

As you said, there is no resistance, but I think it pulls back a bit, consolidates gains, that’s where I’d buy it