Learning to read Price Action with P&F Charting

I bought, so thats almost a guarantee its going down.

Did you trade yesterday.

One of the big problems I see so far with my system, Is I place my order at night, then go off to work before the markets open.
If I would wait till the markets open, and see which way its going, then I could buy on a bigger pullback or buy as its going up.

Buying in a bear market is probably my biggest problem tho. probably should be shorting more stocks. But finding ones with good signals is tough right now for me, they just been going down too fast.
 
flying lead,gleaning insight from your weekend posts,i assume you got smacked hard,you could try buying calls or puts instead of stock to limit your losses
 
thanks Ammo

I am trading real small lots, just to test this in real time. Positions aren't down much, but they always drop right after I buy them. I just have to be patient and see where they go, up like they are suppose to or out the bottom. (two of the five I'm in are up and I expect the other three will go up on good market days.)

bought a couple on pullbacks like yayt suggested.
 
Quote from yayt:

Why are you not interested in shorting?

I hope my advice proves profitable for you :D
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I am interested in Shorting, just not finding the good signals I am used to. most stocks have dropped so much its a straight line down.
 
Quote from flyinglead:

I bought, so thats almost a guarantee its going down.
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:D Just for $hits and giggles, one of these days I'm gonna short all my buy signals and visa versa. Ought to be good for a quick buck or two.
 

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Just wanted to stop by and say hi. Been going through hell lately. Lost our beach house to hurricane Ike. Was without power at my houston house for 10 days. Not doing any trading right now. Taking care of my business which is falling apart with this economy, but should be picking up real soon with the recovery from hurricane ike.

Trade well.
 
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