Do you only trade in one direction (i.e. only buy dips or sell rallies)?

Discussion in 'Strategy Development' started by crgarcia, Sep 12, 2008.

  1. For some time, until trend changes?
    (Which usually takes months or years)
     
  2. Nope
     
  3. well i guess it all depends on your strategy. i trade more short term so i do only trade in the direction of the market but its on a daily basis. i try to understand the price action of the market before making a trade
     

  4. Yep, it can be be weeks to months sometimes when you trade oil like me.

    It suits my style cos i liek to use giant stoplosses, and cos i trade oly £1 t £2 per tick cos my accounts £3,000, but so i like taking in 150+ ticks each day
     
  5. gaj

    gaj

    i primarily short, mainly short rallies of weaker stocks but sometimes breakdowns.

    sometimes i'll go long (i did a couple days ago with GS)...but it's not that common.

    i'm 99% daytrader....

    and, yes, the "can't short financials" takes a bit out of my arsenal, but so be it. was short the XLF today..