The ideal situation would be, day traders work with long term traders.
I doubt too many day traders have the tools for looking at the big landscape.
Meanwhile, long term guys generally suck at knowing on an intraday basis the best time to get into a trade.
That's my weakness, getting in during the day is for the most part a clumsy affair and my preferred entry method is, just get in asap at the prevailing price.
The current situation re markets from my perspective, it remains bullish but Monday could be a down day, market may rest a day or two and my hunch, the break above the July high would likely see a reasonably strong move, it's a freight train, best not step in front of it.
October and often the very last days of this month are often strongly bearish historically, there's a lot of disbelievers about with cash stacked up atm, November may see the pent up apprehension disolve quickly, that's yet one more week away.
I doubt too many day traders have the tools for looking at the big landscape.
Meanwhile, long term guys generally suck at knowing on an intraday basis the best time to get into a trade.
That's my weakness, getting in during the day is for the most part a clumsy affair and my preferred entry method is, just get in asap at the prevailing price.
The current situation re markets from my perspective, it remains bullish but Monday could be a down day, market may rest a day or two and my hunch, the break above the July high would likely see a reasonably strong move, it's a freight train, best not step in front of it.
October and often the very last days of this month are often strongly bearish historically, there's a lot of disbelievers about with cash stacked up atm, November may see the pent up apprehension disolve quickly, that's yet one more week away.
