Im starting to think you're someones alt... You need an indicator package to get started yet you seem to know something about options. Something smells here.
Without indicators, I wouldn't feel like I'm doing anything other than guessing 50/50. I suppose I could just Google for one instead of asking here.
OK let's rewind a little bit. 1. Try not to predict. In fact, one of my checklist items is "are you predicting, you dumbass f*ggot" (sorry, I'm a 90s kid). Basically this means just go with the market. 2. Trades are an expression of how you think the market is going to go. If you think it is going up, then you will position yourself to profit from it going up. Theta doesn't help if you "predict" the wrong way. So don't predict. Let the market reveal herself and fuck her in the ass. AND FOR THE LOVE OF GOD DONT DOUBLE DOWN ON A LOSING POSITION JUST TO PROVE YOURSELF RIGHT
That's why I'm thinking of betting bull on index funds. They will always go up long-term. I want to make the same trade repeatedly. And you say "go with the market," but you need a timeframe to judge trend on. You can't take the slope of a point. Too short or too long of a timeframe makes technicals meaningless because it is the fundamentals that move markets long-term. I don't care to pick individual stocks. Maybe years from now, I will graduate from index funds to sector funds. The only other thing I would consider is currency pairs using TA if I can find a reliable set of indicators.
Price is by far the best indicator of what direction traders are leaning and volume is how much of a "bet" they willing to place. Volume will often show divergences, but I rather say when there is divergences in volume, smart money taking profits. Cause if you look a Market profile, say it is a "bell" curve, at extremes usually is reduction of volume, and people who finally waking up are buying highs. So price going higher on reduction of volume, steeper the move in least amount of time, often spells reversal.
I have a sneaking suspicion that the market is not going to explode up in 2020 so what happens to your bull thesis then
The risk will at least be hedged. And I haven't decided what timeframe the options will be so I'm not sure how many trades I could enter in one year. All I know is that index funds will go up over time. That's about the only constant in all of markets. As you can see, they don't go up every year, but over time they do.
good idea buy now sell in 2040 but you are off topic. what has buying long term got to do with indicators
I am really getting confused. you come and say I want to trade...... so tell me indicators to use then you say I want to buy long term because I may lose. if you do not think you can make money......then why bother. don't.