Do you interested in the fundamental or intrinsic value of stocks as a day trader? Or only in their price trends and patterns.
Swing Trading.
- Thread starter Lloyd W. Coutee
- Start date
When trading the long side, it has been my experience that building a watch list of stocks with strong earnings history is helpful.
Day traders and short term traders trade based on chart patterns, and a host of the other factors and variables -- and intuition.
Intuition? Are you joking?Day traders and short term traders trade based on chart patterns, and a host of the other factors and variables -- and intuition.
Disagree. I'd say the opposite. IMO... If you even IMAGINE "gut instinct" plays a role in success... you've got no business risking your money in the financial markets.
Any consideration of "gut instinct" or "intuition" is ridiculous. (If you believe in such, perhaps your trading adviser should be Ms. Chloe, the California Psychic. She lured stupid people into paying $400 MILLION for "psychic readings" before she was shut down for being a fraud.)
If you hope to succeed trading, you need to... "Observe and deduce", "React quickly and logically to price". Trade with stops.
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I'm surprised you say that. Are you not a very experienced trader?
Ms. Chloe does not trade. Therefore she hasn't spent years training her brain to trade. Why would any intuition from her be of any use?
I find intuition or gut instinct very helpful in making decisions as to whether to take a trade or not and also more importantly in determining my conviction level in deciding on the position size. But this only comes from long experience.
Ms. Chloe does not trade. Therefore she hasn't spent years training her brain to trade. Why would any intuition from her be of any use?
I find intuition or gut instinct very helpful in making decisions as to whether to take a trade or not and also more importantly in determining my conviction level in deciding on the position size. But this only comes from long experience.
Stupid talk. ON IGNORE!!