Fundamentals: $1 trillion rescue package agreed to stabalise the Euro in the face of the Greek contagion. FTSE now well up over 4%, lets see if the gains can be sustained.
If you want to fail as a trader, study TA
- Thread starter The Expert
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BDX
It depends on the stock, where it is, where it might go, and what the markets are doing.
On quiet days it is prob best to open small and add fast if it moves quickly.
On fast days, well, it is really really gambling, so, do not place the trade unless you are willing to lose a bit, but never too much
Swings can be very profitable in panic markets, but, as most know if you get it wrong you will be one sorry trader, so, again, every trade should be considered a loser before you place the bet, and, that way you have nothing to lose, so your chances of winning are increased
TE
TE,
Was wondering if you could offer some advice. I'm trying to create a process, but now as always I go around in circles when it comes to how to enter a trade.
If you pick specific setups and decide you won't enter until those particular setups form you miss out on many trades.
If you decide instead to enter on any price action that looks favorable to the desired outcome you become sloppy and undisciplined.
How do you or the successful traders you know enter trades?
Was wondering if you could offer some advice. I'm trying to create a process, but now as always I go around in circles when it comes to how to enter a trade.
If you pick specific setups and decide you won't enter until those particular setups form you miss out on many trades.
If you decide instead to enter on any price action that looks favorable to the desired outcome you become sloppy and undisciplined.
How do you or the successful traders you know enter trades?
Quote from Fibbin-Archie:
Just started reading it. Great stuff, lots of info on reading volume to anticipate momentum break-outs, which relates exactly to what I'm studying at the moment.
You are on the right track! The answers are there. I too happened to believe that there is no reason for TA to "predict" future price developments, however, Bid/Ask/Size/Volume info has a "built-up" pressure indications.
So you use volume then, and what platform are you using?
I tried the IG Markets demo for CFD trading but was suprised to find that in their demo account, US stocks can't be accessed.
BTW I had some good advice recently not to get married to a particular stock
Presumably the gap up was just MMs setting the price anticipating demand.
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