I'm having a very profitable week daytrading. Chart patterns were used for at most, 10% of trades. What matters is trading ranges, momentum breakouts, tape reading, sequences of entries, timing/time of day, VIX trend etc. The stuff poser-educators can't teach. Real traders know the difference
You are a noob. You buy at the wrong time. What is it that specifically triggers you to do that? You have the answer if you look deep enough.
There ya go 9003, there's a list that works from one trader off the top of his head. It's not an exclusive, exhaustive list. It's a list that works for him. Good enough is good enough. Perfiction is not required. Time of day - mid-day doing better these days? How-Why? Tape reading? What are a few pointers in these quarters? You should give away free trading access for the month of April! C'mon man!
how am i supposed to know what triggers me Im a noob Chart looks like its at the bottom i buy Turns out it wasnt the bottom If i knew i wouldnt be here i would be in mexico at a hotel drinking tequila
What type of trader do you want to start out as - a rules based trader or an artistic intuitive trader?
How do you feel when you hit the buy button, are you comfortable and relaxed, or anxious and nervous? Do you feel confident that you are making a good decision, or are you worried that you are making a mistake? Once you have bought your stocks, do you feel stressed out and stay staring at your computer/iphone, or could you lay down and take a nap. How are you setting your stops, are you setting them to capture profits or are you more concerned about stopping loss?
Well it's you that's being triggered. How do you expect someone else to figure you out? Ask your self Why? And as long as you are honest with yourself you'll find out what triggers you. What makes it look like it's at the bottom? What makes you think it won't go lower? It's a probability game. You won't be right all the time. All you have to do is lose less money when your wrong than you make when you are right.