Charts. all comments are opinions, please have your own. likes are not agreement.
More about @wellhandy:
Discretionary leaning towards systematic
We don't know anything for sure.
I am a 'buy and hold'er:
I buy and hold different things
for different periods
at different times.
More in Interview with Tubs
Basic Guide to plotting Moving Averages
Intro to Candlesticks Patterns
Tips on Patterns
In order of importance to me are:
(1) the long-term trend,
(2) the current chart pattern, and
(3) picking a good spot to buy or sell.
Those are the three primary components of my trading.
- Ed Seykota
can't win them all.
the psychological goal of any market participant is to quickly revert back to calmness and neutrality.
Stop losses save profits, reduce losses.
Not sure, take a break,
Not not sure, try and wait,
If it works, leave it out,
If it doesn't, we get out.
Cash is the only hedge.
Anything else is just another position.
man muss immer umkehren
the greater majority of traders can benefit from
-trading smaller positions,
-trading longer time frames (meaning preparation to accept greater volatility),
-trading less frequently (lesser number of trades)
There are quite a few millionaires.
There are no immortals.
That tells you everything you need to know about the value of time vs money.
All positions, declared as added, could be removed at any time.
Follow the investing/trading thesis, not the trades.
All any expressed opinions and, or, materials are individual opinions of wellhandy and does not constitute advice nor solicitations.