A lot of overbought

Discussion in 'Trading' started by trader1974, Mar 14, 2019.

  1. Do you agree?
     
  2. ET180

    ET180

    Yes...maybe...depends on what are you talking about.
     
    tommcginnis likes this.
  3. overbrought i should say...
     
  4. Handle123

    Handle123

    Over bought is buying 15 Turkeys cause they on sale and the frig holds two. But in marketplace no such definition to me, you could have started selling Bitcoin when first time hit 5k, would you kept selling not hedged to 20k? People want something bad enough, sky is limit. At least going down has a floor.
     
    murray t turtle and comagnum like this.
  5. maxinger

    maxinger

    If your indicator shows market is overbought,
    then ?!?!? Two possibilities :


    market can continue to be even more overbought,
    or market will become less overbought.

    So no point agreeing or disagreeing.
     
  6. i don't believe in overbrought or oversold. market is gonna do what it wanna do. your strategy should tell you when to buy/sell. if you don't have one. then you are basing it on your emotion and your gut feel. and we all know how that will end.
     
    comagnum likes this.
  7. maxinger

    maxinger

    you are right mister.

    Those 'experts' like to teach about overbrought oversold indicators.
    It works in theory, but not in real situation.
     
    murray t turtle likes this.
  8. comagnum

    comagnum

    The market has the wind at its back this time of year, newer traders may not be aware of the very real & strong seasonal influence. When the general public started getting into TA overbought became a good buy signal and oversold a great time to start shorting.
     
    murray t turtle likes this.
  9. This rise is very vertical
     
  10. maxinger

    maxinger

    [​IMG]
     
    #10     Mar 15, 2019
    tommcginnis likes this.