DumTom needs a Trading Strategy can you help.

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So bobcathy1 give me some insight into your method. I am looking a some MA systems now and would like some input. Like for an intraday system what time period works best? What time period for a swing trade? How do you calculate your trailing stops? Any help is appreciated. Thanks
 
If you want to make money fast, you can try trading stock options. Either you'll make alot of money, or you'll lose all your money. :)
Don't be greedy like me that's all. It's the only thing that kills me! And if you're going to trade, don't hold over night! And lock in your profit!
 
dumtom
My suggestion is you use a 13 or 15 minute chart for learning to trade. It will be a lot less nervous.
I use a 5 and 15 Simple Moving Average.
You can use Keltner Channels or Bollinger Bands for the range of motion of the stock. Makes it easy to see.
Whenever the MAs cross, get in.
When it reaches a channel and then starts to move back in from it, that is when you get out.

Only trade when the MAs have a nice angle to them. If they look flat you will get stopped out most likely. Upward angle go long, downward angle go short.

Stops are a funny thing. I get out when the market hesitates, or moves in the wrong direction. Some people put a .20 cent stop. It is a matter of how much risk you want to take.
 
Brother DumTom,

Ask Brother Faster Pussy Cat or Sister Katrina... they are both excellent traders and they live near you... indeed, just flash a mirror in front of yourself and say hello to them from me.

Love,
Candle
 
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