Here's my biggest secret....... -It'll keep you out of trouble -It'll make you more money -It'll make your trading much easier The magic secret is the word "because". I bought this stock/option, whatever....because of _____. That blank better be a hell of a good reason. If the reason involves Jim Cramer, Mad Money, message boards, tips, rumors, the phrase "I heard someone say", "I hope" or anything like that, you're better off in Vegas, you're better off in a money market fund. That blank should be there for every trade you ever put on. Although I was profitable in the late 90's and kept my winnings, my trading philosophy now is to keep things very simple. My trading rules and secrets are on 1 page in Microsoft Word. My top rules... -Have an edge. If you don't know what your edge is, you don't have one. -Good trading should be effortless. The perfect trade requires no effort. -Think independently. The market isn't there to act as your social proof.
The only direction that counts is the upmove or downmove you enter. Obviously a suitable SMA can very roughly mirror upmoves/downmoves in a given timeframe or size of tick, volume or range bar which you are trying or using on your chart.
Many thanks for the trading secrets. I like the Trading Pits joke very much. Please post more secrets.