Well i have to say i have been making $100 , $80 per day and have gained a lot of confidence hope fully But if i would have cut my losses on fri i would have been up any way let hope small and steady
Past is gone and future is make believe. In the end, we all die and makes no difference. But while we are here now, do the hard thing!
If trading during the day, you really need to review the daily charts for trends or potential reversals of trends. Bearish divergence on Macd and RSI recently would have had you looking for places to short instead of going long. My opinion is you should always look at longer term charts to determine the bias that you will look for intraday
If it makes you feel any better, i took a big hit today (weds) on my energy stocks (specifically VLO & XOM - got stopped out on both, gave back most of my gains from the past 5 sessions).....today i'm pissed, tomorrow i'll get a laugh about it......its a game of ups and downs, you win some, and you lose some, but just keep fighting. best of luck in the future.
hey Buy1Sell2 Can you tell me a good web site where i can see the moving avareage daily charts for trends reversal trends an all somethig usefull thnak you hey jsmooth How much did you loose ( when i lost i was really down Didnt want to go to trade again due to my stupid mistake But i am back up and averaging $100 to $80 a day And to loose $FKING$2000 how could i have done it ) : (
Yahoo finance charts blow big time. Wouldnt recommend them to anyone. I use esginal MACD but you have to pay for the goodies
The reason you probably lost your shirt is because ever sense our wonderful president went to war, this country is in 2.28 billion dollar debt per day sense september and shows no signs of being over any time soon... hence a bear market.