You already know how to enter the trade, now guess when to exit. What other logically and practical way do you have to tell you when to exit besides guessing?
I agree with this! @Leob, are you really a beginner? If so, you can check out the Wall Street Now's Basic Signals. They are free. The trading signal gives you the stock to trade, with the suggested entry price, target and stop. So far, November is or was a very positive month!
Got you... took your replay to my attention... I will go from "pretty" to formalize. I will write them down.
Hello Mr Simple! 1. Have anyone showed you exactly how to make money yet? N0, and I have no interest in that. 2. Are you more confused since you posted? No,On the contrary, It helps me. Some good points to think about. 3. Out of all the post, which post helped you mentally to make money day to day or week to week and have fun? You only get 1 post to pick from. Your post was very encouraging, what I understood from your post is ... spread your wings don't be shy, If you understand think a little different, it's OK!!
I believe Mr Simple, if I may interpret him... That bottom line ( and maybe event first line ) we are guessing. This is a fact! Even from a psychology point of view, it's better to understand you are guessing and not doing something smart. under a "guessing" state of mind it's easier to trade.
I'm familiar with simplelikeme. He don't like (inverted) hammers at resistance and support thats all it is i guess, lol. How many types of guesses would there be? Educated guesses? Calculated risks? Wild Ass Guesses? Shots in the Dark? Caution to the Wind Wild Ass Guesses? Details, details lol.