If you are uncomfortable answering questions don't feel like the lone ranger. It's only natural to fall for the "this is like work mentality". That false impression takes care of itself with each step toward a better situation than you have so far. Better with progress, and frustration reduction. Do you ever feel like you need to spend more time to get better results, less time to get better results? Who gives a shit how much time just want more of it and better results? lol. Join the club. In your dream world how much time would you Enjoy sitting down to handle your trading hobby / business in an way that appeals to you. If you like it as is, why so many posts about changing this and that, rinse, repeat? Consistent application of time and process are the best ways to get a foothold in exercising control over Miss Market in a timely fashion just like any other non-trivial endeavor, you know that. You have 24 hours in a day. Just pulling up your chart package loading up the charts of interest viewing a series of them takes 5 minutes per session for an organized directed trader. If the charts are not in some semblance of time effective convenient presentation method, then all the wishing and hoping to get "that trading method and the time to use it" will have slim odds of taking root before Christmas via even the most consistent application of 10 minutes per day 5 days per week. No problem at all for a Monthly candle, Weekly candle trader prepared to sit twice a week for 35 minutes each session for example. Within this timeframe plenty of predetermined Core Basket not to be missed Charts can be viewed, plenty of setups can be monitored for triggers say on Friday shortly before candle close on a Weekly and Daily Chart simultaneously. A regular and predictable cycle. Month end, same dealio. Witching days, same dealio. Your senses will then attract attention to periods where your time allotment will steer itself into higher payoff times to be ass in chair ready to have a look around. If you have a couple of simple setup/trigger pairs or the equivalent in your own preffered decision process for when to buy or sell to enter, and when to exit, and how to size your positions, then the time you ARE ass in chair will be directed, effective, a pleasure to engage. You can do the process, know you have done the planned work in 30 minutes, finish, stand up and move on to dinner and a night out, whatever. Send those dick pics to Sarge, he sells em online for pocket money. So 30 minutes twice a week enough or 30 minutes thrice a week more like it? You can always change it, just take a wild stab and some kinda logical thought based schedule man.
BOO! Fire away Darc, lol. KGTrader don't know if he wants to apply himself without punching a timeclock, lol. He's got a hell of a lot more in him than he has harnessed for the purpose of extracting cashola from miss market in a time effective way at this juncture. He retired maybe a notch to far to be more than a dilettante in the trading game for the time being. He can prove me wrong anytime, believe me. If he wanted to he could perform an act of self imposed will and maybe a structured approach to time management and some self-determined guidelines toward a self-determined outcome of choice. I just ask questions, down to the individually numbered, even one at a time per post, lol if that's what it takes. (Overnight, says thanks KG, by the way.) He don't like to make those decisions at the present time it would appear but I'm not convinced that deciding how much time trade on the average day is a life or death decision, lol. He just funnin, and me too. No worries. KGTrader's gonna trade like a satisfied champ one day.
True Story. I have a vid by a seasoned trader who addresses your question on not a weekly but on a monthly bar chart with moving average conversion math including holidays and backtested to 1929, all figured and displayed to the point of walking the chart forward from 1929 showing the buy or sell to enter and the exits one after another after another, etc, etc, in a well organized cogent presentation, if that's of interest. It needs attention Only Once Per Month for ten seconds but understandably that may be more of a commitment than some of us would want to make, being men of leisure and all.
Is this the sort of thing you're looking for? https://seekingalpha.com/article/43...MIwpWShK6C-gIVjzUrCh2NZgSCEAAYASAAEgKaKvD_BwE Maybe you can ask Easymon, if just flipping through these Sector charts on a regular basis, then doing a bit of F/A to complement the T/A is a sound strategy? Gotta run, I'm sending @sarge whoever he is a few pics as advised
Uhhh you do know MA on a daily chart are not fixed in position till the close? That is just one of many drawbacks of their use.
Ok with this post you’ve earned a response. I’m not at all uncomfortable answering questions (ask deaddog LOL) . I just didn’t understand the point if the questions, (morning or afternoon? What’s the diff) and I couldn’t figure out if you were helping/coaching or trolling. I actually spend a few hours a day “watching the market” interspersed with looking at charts, but not real focused unless I want to do a trade. I like to lounge around in the morning and just chill with coffee, browsing the net, which is what I’m doing now, with CNBC in the background (should probably turn it off I know, or at least switch to Bloomberg ) I get the whole thing about process. Define, rinse and repeat. That’s what I did when I was working. Whether it was prospecting, planning or investing. I coached the new guys in the business to always have a process for everything. Because it makes your efforts both more effective and more time efficient. My problem is, and has been, yeah, I go back and forth between different ideas, and have not found a process I’m comfortable with. I’m happy to spend the time. I don’t think though that day trading is well suited to my “jumpy”, impulsive personality. Maybe swing, maybe position trading, I don’t know. I haven’t found the right scans to use , the right service, the right things to look for. I even go back and forth between growth and deep value. So I need to figure all that out Nah, I’m old and it’s all shriveled up so I don’t send dick pics LOL (just kidding, I’m virile AF LOL) Answered above. thanks for taking the time to write that extensive post
the verdict is, I’m more comfortable using a day chart rather than a weekly, I look at the market too much to focus on weekly. So I’ll set it to 200 and use a day chart as my mainstay, use a week chart (with the 200 week MA ) for longer term perspective.