Do you trade your analysis or are you a market follower? POLL
- Thread starter romik
- Start date
Well Im not going to short a rally or buy into a huge sell off. But I like to be first before the crowd. Having an analysis and then timing my entry after the market confirms it is my game.
I will never enter a trade after its written about in the WSJ though, its usually sign its too late.
I will never enter a trade after its written about in the WSJ though, its usually sign its too late.
My analysis or a colleague who I personally educated, anything else I consider invisible or worthless.
I will be going to short a rally(at proper areas)- sell new contract highs(at proper areas)- or buy into a huge sell off(at proper areas)--buy new contract lows(at proper areas)-. But I like to be first before and add on last after the crowd at a preferred area. I have a well back tested Trading Plan and I love playing the game.
I still work many hours of the game but actual trading steadily reducing, I prefer to study more now and putting much more into options and longer term, risk to reward so much less and requirement to trade with low losing percentages much less in long term.
I still work many hours of the game but actual trading steadily reducing, I prefer to study more now and putting much more into options and longer term, risk to reward so much less and requirement to trade with low losing percentages much less in long term.
Moving to entirely entering in a following method, which is where I've always wanted to be, early attempts failed though, there are only certain market conditions you can trade this way, to high odds of reversal most of the time.
19 trades in to being able to finally function this way, with only 1 smaller -5 loser so far!
Need more time / less work to exploit / perfect it, but alas not yet!
19 trades in to being able to finally function this way, with only 1 smaller -5 loser so far!
Need more time / less work to exploit / perfect it, but alas not yet!
Sometimes both
Sometimes either
Sometimes neither
How's that for a completely ambiguous f'n answer
But its true
It completely dependent on what I'm reading....
Who is present and active
Current move being supported..., or potentially a trap
Where is price in the overall / the current
Time of day
blah.., blah..., blah
RN
analysis of what?
in most cases of the market probably ( if we talking about traders not investors)
so you have to follow (watch) the market but trade your method which is based on market analysis, and that sometimes that will make you short a rally, and sometimes it will make u join it...
Stay out fast rallies, either way pretty much, to high a risk for my likings, slow join, never try to reverse them trying to pick a top/bottom is a 100% mugs game IMHO!!