Torseaton, I agree with you on this. However, I have only tried this in paper trades, by buying a large volume of shares and running for $0.10-0.50 profit. On paper it is working well for me; doing this with real money is, however, a whole different issue. Have you traded on margin, in this fashion, and been successful? SN
cutting losses...cutting loses. letting profits run. emotions is the main thing. I'm always working on this. - read TRADING IN THE ZONE BY DOUGLAS
Here is my system: if post date - registration date < 3 years then don't waste time reading the trading related opinion. (the most valuable info usually comes form people predating me) How do I know the system is working? Occasionally I break my own rules, however 2- 3 sentences in I realize the mistake. How did that saying go? There are no old bad traders.
There are old traders and bold traders, but there are no old, bold traders http://www.barrypopik.com/index.php...ld_traders_but_there_are_no_old_bold_traders/
when they are all moving together in one direction, all in agreement,then there is a large buy in or liquidation going on,testing supp/res on multiple markets and breaking,or all reversing,large tick moves,large up/down imbalance ,large moves in the leaders
Myself. Read "Trading in the Zone," by Mark Douglas, eat an <b>extremely</b> healthy diet and avoid sugar like it's arsenic, get plenty of sleep, plenty of exercise, and perhaps above all, learn to meditate. I've worked with many wanna-be traders over the years and very few will commit to doing all of these things, especially the meditation part. If you are willing start here: http://www.yogananda-srf.org/tmp/meditation_notitle.aspx?id=1719 If you follow these recommendations I can promise you it will be a life changing experience. If anyone is serious PM me because this is the tip of the iceberg.
So all the posters in this thread are big winners and their advice worth every second wasted on reading it?. I wonder who pays for their wins.