how do i know if trend reversed in a bear market vs bull market?

[SunTrader]

You ask everyone. Everyone responds. But problem is everyone can't be right. Or not all the time in every situation.

It takes to time learn and understand who to listen and who not and when to apply what you learned.

Starting a couple of topics is great but screentime (and reading a book or two) can't be shortchanged.

 

[easymon1]

Problem ia when i look at charts still cant tell what is happening
i read so much contradicting information about chart reading that now i dont know what to actually look at

One week i read "volume is the sht" all you need is volume..
Then i look at the chart and price moves by 20 cents and shows "one" volume.
Then right after that does nothing on 1000s of volume

then i read about chart patterns and everyine is like
it could be a continuation or reversal pattern unless it goes into consolidation then its neither
But it could bw either one you juat have to look for it... wtf

You bought when you thought it was low. Sold when you thought it was high.
You don't have to wait for NILE to get bullish and do nothing otherwise.

Do you want to learn how to trade? Well do ya mute9003?
Here's a place to start.
Take a look at the charts on this link page.
One's bullish and one's bearish at the same time.
KC trades them in a similar way to the way you were trading NILE.
He buys "LOW" and sells "HIGH" just like you did.

KC has been at it a while and has some ways that work for him to decide when it is "LOW" and probably ready to head HIGHER.

He is generous with his time and freely discloses tons of info about what he does.
If you want to stay in the trading game go watch KC trade with a notepad in one hand and a pencil in the other.
https://www.elitetrader.com/et/thre...za-sqqq-sdow-spxu.363924/page-13#post-5599857

Boo Hoo.
Do you want to trade or not.
That's a yes or no question.

 

[themickey]

Problem ia when i look at charts still cant tell what is happening
i read so much contradicting information about chart reading that now i dont know what to actually look at

One week i read "volume is the sht" all you need is volume..
Then i look at the chart and price moves by 20 cents and shows "one" volume.
Then right after that does nothing on 1000s of volume

then i read about chart patterns and everyine is like
it could be a continuation or reversal pattern unless it goes into consolidation then its neither
But it could bw either one you juat have to look for it... wtf

Think of trading and charts, strategies, what you trade, how you trade as an art, not a science.
If you are new to this game, realize it takes time to become adjusted, it takes many years until your brain can get all the jigsaw pieces together. Then, when you get there, there is more to learn.
I've been in this game decades and still, even today, creating new methods to hone the skills.

 

[themickey]

Think of yourself as a hunter, stalker, always adapting and getting a sharper eye, using better weapons for the kill.

 

[easymon1]

Problem ia when i look at charts still cant tell what is happening
i read so much contradicting information about chart reading that now i dont know what to actually look at

One week i read "volume is the sht" all you need is volume..
Then i look at the chart and price moves by 20 cents and shows "one" volume.
Then right after that does nothing on 1000s of volume

then i read about chart patterns and everyine is like
it could be a continuation or reversal pattern unless it goes into consolidation then its neither
But it could bw either one you juat have to look for it... wtf

I love these newbies to the game that think nothing matters and stocks only go up.
I'm sure he was buying last December too.
Fundamentals may not matter intra-day or even on week long swings, but they sure as hell matter long term. Quarter to quarter.

These markets are controlled by funds that have billions in assets under management. For the most part they have to be long stocks.
Well who the hell wants to own a stock of a company that has no prospects of earnings for years out?
Or even a company that does make money, at 50X forward?

What that one guy write? "These things don't matter".... LOL.... let me find my flight attendant post...

hahhaha... here:

 

[easymon1]

usually few months one of them was few weeks

but i dont count those as actual trading. that was basically easy money without any skills
all i figured out is that at some point throughout the year the stock will spike for few hours and if i have a position in it i dont have to pay attention to it jut wait until it does and sell

i wouldnt call it a trading skill lol more like that one time that i managed to do a trick

Get your game on, time's a wastin.
This looks almost like a personal invite.

yay - i made a fkload o $$ trading my girlfriend UVXY and SQQQ, TZA. will flip into SOXL TQQQ if they bounce. saweet

my live trading room members were thrilled! if you're not a member wtf is wrong?? lol join already


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[easymon1]

usually few months one of them was few weeks

but i dont count those as actual trading. that was basically easy money without any skills
all i figured out is that at some point throughout the year the stock will spike for few hours and if i have a position in it i dont have to pay attention to it jut wait until it does and sell

i wouldnt call it a trading skill lol more like that one time that i managed to do a trick

9003, Try this at home.
Trading the T-line, Stephen Bigalow - cut to the chase ...
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-15#post-5162295

 

[treeman]

You’ll see a series of breadth thrusts.