I was just browsing YouTube and I came across Elliot Wave Theory. Theories like this a long with price action, volume, and some momentum indicators give me more confidence I can make a better educated guess.
I like what you're saying about price action. I've started studying up on candlesticks and using volume. How did you increase your skill of reading price action?
You're absolutely right about this. What I'm trying to do "indicate away" my fear of losing money. Or "indicate my way" into the right move. But there's no amount of indicators that can do that.
I guess I'm scared of getting caught in one so I'm thinking, without a magic 8-ball, "How can I predict this is about to whipsaw?". That way I won't have money tied up or get caught on this rollercoaster of in, out, in, out.
The whipsaws scare me because I don't know how to tell if they're the start of an up or down trend or a whipsaw. So I'm scare I'll miss out on the the rally or correction I've been waiting for. I'm scare I'll mistake a whipsaw for a real trend and get bit, or vice versa.
What do you mean by do...