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Moolah
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Posting #21: Wed Sep 12th, 2007 06:14 |
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| Hmm.. do u see if you could have improved on this trade any better?
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JL
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Posting #22: Wed Sep 12th, 2007 06:25 |
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| I shld have waited for the dust to settle first.. correct ??
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Moolah
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Posting #23: Wed Sep 12th, 2007 06:39 |
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JL,
For me, i do believe that there is no right or wrong here. As you know, there are simply so many ways to trade a stock. Each one's entry and exits would vary from one another.
However... having said that.. most important is you... which is discovering the strategy that would work the best and work in the most consistent manner for you.
rgds
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JL
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Posting #24: Wed Sep 12th, 2007 06:45 |
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Moo moo,
Thanks for the advice. That's the reason why i asked for this section. So that i can learn and find a strategy that work the best for me.
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hhc1977
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Posting #25: Wed Sep 12th, 2007 07:29 |
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JL
Add my 2 sen, you really need to find your edge.
1) Time Frame
You might want to define your time frame first. Which time frame will you trade? EOD? Weekly? 60 Min? Each time frame will entail different strategy.
2)Trade plan
Do u have your battleplan planned before each entry? Is the price moves as what you will expect? Is the former resistance still valid?
3)Style
Are you more successful in Breakout trading (momemtum which is positive feedback) or in ranging market (negative feedback). Sometimes, it is hard to juggle between this 2 as you might know it, 20% of the time price is trending and this is true in all time frame.
4)Risk management and position sizing
This will make sure you stay in the game long enough before you see the next bull. Since we cant short market, the time to make easy money is still general bull market. You want to make sure you do not face severe drawdown either in equity or confidence too quickly.
5) Volume study
Have you paid attention to the volume of the securities? Volume signified the intensity of the bull and bear battle. Remember, it take price and volume to make one chart....
Just my mumblings....
Last edited on Wed Sep 12th, 2007 07:30 by hhc1977
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JL
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Posting #26: Wed Sep 12th, 2007 07:44 |
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| Thanks HHC.. yes, i really need to find my edge.
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