On Fridays the market does what it wants, better not to operate.
- Thread starter TTT
- Start date
Yup, exactly my point. If you are Bobby Valentine, you go short in the market you want to make money in, because people listen to you. So after you go short, you just announce that you are keeping your stock rating at the same level, or downgrade it, while the stock went up on the more junior analyst's upgrades. When the stock drops 4-5%, you buy to cover. Easy money.
It ok to trade TA with indicators, but I often think many just don't look at the trees that make up the chart, nor keep an eye on longer term S/R and trendlines, whether they off highs/lows or closing prices, best to once a hour to take a break and check them and see very cheap entries and look for bounces. Longer the term of the trendlines, more significance are the trend lines.
Fridays are a little tougher to trade, but only reason tougher is am worn out from trading the week, price goes up and down. If anything , this shows you have flaws in some rules of methods and you looking at this wrong, this is showing you have opportunities to fix them! An experienced trader should be able to trade any time or at least have rules in place in case they want to trade them.
Fridays are a little tougher to trade, but only reason tougher is am worn out from trading the week, price goes up and down. If anything , this shows you have flaws in some rules of methods and you looking at this wrong, this is showing you have opportunities to fix them! An experienced trader should be able to trade any time or at least have rules in place in case they want to trade them.
