Depends on the chart and timeframe...
Either PnL based or 2day lows
Do you enter based on technicals only?
Or your personal opinions of the economy?
Depends on the chart and timeframe...
Either PnL based or 2day lows
Do you enter based on technicals only?
Or your personal opinions of the economy?
I'm a professional and solely use technical analysis & price action. I'm an award winning TASC author and industry expert
I'm putting some finishing touches on my S&P strategy.
It's looking like...
TP = 0.8%
SL = 10%
This is 10x leveraged so you will win 8% of trade value, and lose 100% on losses. You don't reinvest winnings.
This is a joke, right?
The market (any market!) moves up AND down. Why limit yourself to making (losing?!) money only part of the time?
I keep it simple... if it goes down I sell, if it goes up I buy.
I always used to try and bottomfish and it usually ends badly. Heck I still do, lost a bit recently trying to buy oil bounce like UWT.
It's super tempting to buy what looks cheap, but like picking up hotties in nightclubs it usually ends badly lol
True that, the market broke the jan 2019 low few days and reversed, made the perfect bear trap patternLet's be fair though, technically he is right so far it's acting like a bull trap lol.