If you want to fail as a trader, study TA

[The Expert]

Quote from macattack:

TE,

A couple questions:

1. After you enter a trade do you stick with it until your target is hit, or do you trade in & out in between your entry and your target?

2. If you wait for a target to be hit there will be times when it just doesn't happen. How do you avoid letting a winning trade turn into a losing trade if the stock reverses before your target is hit? How do you know when to get out?

Thanks.

It really depends on what the stock actually does, MK.

It is very easy to talk about things, but, not that easy to do them.

There is only one way to master taking profits out of the market, and, that is by experience, so, when gaining experience, it is vital to have enough trading capital that will enable you spend the required time in the market, and, this is exactly where most fail.

Most want it right now:eek:

Patience is a virtue, and, good things come to all who are willing to wait and do what is required to be done.

The difference between knowing and not knowing, is, doing.

Here is a question that if you answer, will, give you the answer you are looking for.

What is the most important thing to learn about for trading effectively?

TE

 

[IchibomB]

Targets are for archers
Timing is for traders

It's all about timing. A missed opportunity is better than a losing trade. <---someone more famous than me said this.

 

[The Expert]

Quote from Airwaves:

We need to know how to make GOOD money

Not only do we need to know, but, we also need to be able to do what is required, for, knowing in itself is of no use to anyone if they are unable to do what is required.

What if someone said, the simplest thing in the world is making money trading, and, it is because it is so simple that most do not see it as such.

Why complicate things that need not be complicated:eek:

BLASH or SHABL

&

SLABL or BHASH

OR

WTBATFP or WTSATFR

&

WTSATFBD or WTBATFBO

TE

 

[The Expert]

Quote from IchibomB:

Targets are for archers
Timing is for traders

It's all about timing. A missed opportunity is better than a losing trade. <---someone more famous than me said this.

Time = Money

Never back a lame horse <---someone more famous than me said this

TE

 

[The Expert]

Quote from The Expert:

E.g.

If we see the Ftrs and Cash diverging, (remember the post in the place we shall not mention ) we might decide to sell short the leading stock in the leading sector, and, we shall initiate the trade with 1000 shares and 20 cent MAXIMUM stop.

Now, the divergence is confirmed, and the stock heads down in line with the Ftrs (remember we want to trade stocks that mirror move the Ftrs).

The stock has ticked down 25 cent and the Ftrs has closed in the lower section of the 5 min bar.

What do we do next, if..?

1. The Ftrs and stock continue to tick down

2. The Ftrs continues to tick down and the stock stalls

3. The Ftrs stalls and the stock continues to tick down

4. The Ftrs and stock both stall

TE

What about?

1. Sell some more with MO

2. Cover the lot with LO or MO

3. Get ready to cover the lot with MO

4. Get the hell out of there as fast as you can with MO

TE

 

[IchibomB]

Quote from The Expert:

Time = Money

Never back a lame horse <---someone more famous than me said this

TE

Haha booya!

 

[The Expert]

Quote from IchibomB:

Haha booya!

OK then Spongebob what will the next candle more than likely be, and, you can draw it anyway you like.

 

[IchibomB]

Squidward - You're assuming I study candlestick patterns, which I don't

 

[Dackster]

Quote from The Expert:

OK then Spongebob what will the next candle more than likely be, and, you can draw it anyway you like.

The next candle will be red. The market is pushed up and sold off...i guarantee you.

 

[IchibomB]

Very nice

What about this one TE