Words of Wisdom
- Thread starter duard
- Start date
http://ichart.finance.yahoo.com/b?s=^GSPC
Sometimes it's as simple as this:
price broke previous close which was a support zone for 1.5 sessions. Enough volume trade at that price that when price failed to hold the path of least resistance was down. Rolling through stops with new initiative shorts. That coupled with the fact that post-options expiration are often weak. However tomorrow is another day....
Good Luck,
D.
Sometimes it's as simple as this:
price broke previous close which was a support zone for 1.5 sessions. Enough volume trade at that price that when price failed to hold the path of least resistance was down. Rolling through stops with new initiative shorts. That coupled with the fact that post-options expiration are often weak. However tomorrow is another day....
Good Luck,
D.
Mikey's fifth law of women: "You can't go wrong doing the opposite of what she says she wants." The same applies to Miss Market, because she's a bitch.
Quote from OddTrader:
"Those who can trade will buy and sell; those can't will only sell." - OddTrader.
So, like you wanna buy my guaranteed to win system ten years in the making back and forward tested for $4,500 but only 23.5 people will be allowed as I don't want to ruin the edge...
:eek:unfortunately this comes from experience:
1.) preservation of capital is key to any new trader because if you do not do this you will just have to keep making the deposits rather than the ulitmate goal of keep making withdrawals
and unfortunately another one from experience:
2.) the general and simplest advice ( countless ) that comes from the experienced traders is soooo true - don't start to take them up on this advice after x amount of time because - see point one above
1.) preservation of capital is key to any new trader because if you do not do this you will just have to keep making the deposits rather than the ulitmate goal of keep making withdrawals
and unfortunately another one from experience:
2.) the general and simplest advice ( countless ) that comes from the experienced traders is soooo true - don't start to take them up on this advice after x amount of time because - see point one above