My Fail. Trying to move forward.

A trader that wants to short-term trade is usually doing it to try to achieve income in the near future or grow their capital in the near future.

In contrast, buy & hold strategy is usually an investment or for those that do not need access to that income in the near future.

I always have viewed buy & hold as a way to diversify and for long term investments.

A smart short term trader will also be diversified (using buy & hold as an investment vehicle)...as in not putting all their eggs into one basket. Not good if you put everything into one thing only (trading or investing) and then that one thing goes wrong. In fact, I'm starting to think that if someone can not afford to invest for the future...they should not be trading.

Last of all, even folks doing buy & hold are looking at charts too and what they see is in fact impacting their buy & hold decisions. Simply, the flaw is that most view short term trading as only using indicators or only using charts.

In reality, there's a lot of short trading (algorithms) that uses no charts.

P.S. Its funny because the foundation of many investment decisions for buy & hold for corporations or institutions...they take some of that money and short term trade with it.

wrbtrader

 

Buy and Hold is a trend following strategy with little or no risk control.

 

How many Technician have you met?

I"m not super rich but over the years I have accumulated enough capital using TA that I live a fairly comfortable lifestyle.

For the most part I don't know what the companies I trade do. I rely strictly on the chart to tell what to buy, when to buy and when to sell.

Fundamentals are metrics invented by sellers to influence buyers.

 

comfortable is not rich

 

You'll have to define rich.

Do didn't say how many technicians you have met or how many rich traders you know.

 

pulling your legs a little... I use price action... just saying the OP's kind of indicator stuff is useless.

 

Thanks! please clarify: MAE, MFE ?
Also, i'm not sure i got you 100% on "then THE OVERWHELMING MAJORITY OF OPPOSING BAR CLOSES IN THE TREND will offer you up excellent real-time reward to risk ratios at a winning pct level of 50/50 at worst."....

 

any recommendations for (preferably free) package?

 

and look for what? i'd be happy to get at least a 101 course on what to look for

 

today after close, earnings will be out, then i'll have a better idea if i was right