Very well put. I have to remember to use that example.
Your odds of success are greatly enhanced by trading with the larger trend. Which, I am pretty sure is what Xela was saying. I agree. Having said...
Good point. I dont think he actually said that indicators don't work.
Most of the time indicators are just delayed depictions of what the charts are already telling you. In my opinion its not that they work or not,...
To answer your question it would be helpful to know yiur trading/money management plan. Generally the answer would be no do not enter ,but it does...
Question, Do you have an exit strategy? And if so what is it?
I am afraid I must disagree. Trading is mostly psychology. Theirs and yours. When you journal make sure the entries are composed in a way that...
It does depend on your broker. The brokers risk management policies will have to factor in unrealized profits and losses when in the same account...
I draw trend lines between swing levels. I re draw the lines when a trend line is broken.
Thats an easy one. When I was teaching everyone would trade a sim account until they consistently achieved the target numbers. Never a need to...
Sure why not? Trading is a skill. Learn the skill, do the work, make the money.
It depends on your trading style/risk tolerence but you should be doing better than 30 to 35 percent.
I have to disagree. Making 25 percent return per year is very possible. Even for an average trader. Anybody that is considering swing trading...
Yes. Support and resistance has always worked because its based on the current psychology of the traders collectively. In effect automatically...
It is tight but with a breakout it either becomes a winner quickly or fails just as quickly. That being the case I want out as soon as it fails...
I will place it below the previous swing high and give it a few more ticks so I am not prematurely stopped out.
I use crowdfunding for my realestate investments here in the USA. In my country it is highly regulated. Possibly over regulated. Like any trade...
I started for the money. It turns out I love the game.
Depending on your trading technique volume may have an imverse relationship. For example, volume may go lower at market turning points.
To improve performance in any endeavor you must measure past performance. So if I could give piece of advice it would be this. Log and review...
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