Day Trading Thoughts For Fri. Dec. 19

[NoDoji]

Quote from hittinbidz:

The Epiphany Method advocates buying a new high if there is stagnation. This means that if there was not an immediate recent move, get involved.

Interesting. I've been shorting almost exclusively in the past month and found myself getting a "bad feeling" and would bail at break even when the trade sits at this stagnation point for more than a bar or two. I may begin buying these setups, because they do tend to break out strongly.

 

[hittinbidz]

Quote from NoDoji:

Interesting. I've been shorting almost exclusively in the past month and found myself getting a "bad feeling" and would bail at break even when the trade sits at this stagnation point for more than a bar or two. I may begin buying these setups, because they do tend to break out strongly.

I can't really comment on too much because what you are talking about is ambiguous to me. However, I do know what my rules are and I stick to them, for the most part. When I don't, I get burned. The Epiphany Method is about consistency. Erik Kolodny posts his blog content on here, but it is also available on www.ErikKolodny.com. Throughout the day he broadcasts this signals on the Epiphany Trader Chat Room which is free.

 

[hittinbidz]

Quote from realstockaddict:

sigh.. should i cover? its aboe 8 right now.. shorted it at 7.50 cuz i thought it was gonna go down to 7.00

This is feedback that you might want to ask real time in the chatroom.