Which is the best strategy for you ?

This is a discussion on Which is the best strategy for you ? within the General Trading Chat forums, part of the Reception category; i pick bottoms i love the stench on my fingers and under my nails...

View Poll Results: Which is the best strategy for you ?
Entering after the pullback ( go with the trend either long or short ) 29 50.00%
Trying to pick bottoms and tops ( reversal ) 12 20.69%
Playing breakouts ( breaking critical points ) 17 29.31%
Voters: 58. You may not vote on this poll

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Old Jan 19, 2009, 6:29am   #21
 
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i pick bottoms i love the stench on my fingers and under my nails
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Old Jan 19, 2009, 10:12am   #22
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tar started this thread most traders choose the pullback choice in the poll ,, how we know this is a pullback not a reversal ...
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Old Jan 19, 2009, 1:30pm   #23
 
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Quote:
Originally Posted by BSD View Post
Hi BSD, do you use this strategy mainly on a specific security or is just as probable for all of them?

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Old Jan 19, 2009, 2:25pm   #24
 
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It should work with any instrument, although it may work better on different time frames depending on your chosen instrument
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Old Jan 19, 2009, 8:00pm   #25
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Market Conditions give direction

It really depends on the current market conditions. In a trending market, Option 1 works great. In a consolidating market (like the past couple of months), Option 3 works good. The key is pick your strategy and be consistent.

Build a plan and trade that plan.
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Old Feb 4, 2009, 5:12pm   #26
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tar started this thread update.....
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