Is There a Strategy or System that I should Use and where Can I Find it?

This is a discussion on Is There a Strategy or System that I should Use and where Can I Find it? within the New to Trade2Win forums, part of the Reception category; Sensible advice Adrian. Care to share what's your style, favourite strategies, most useful sources? Anyway, I feel bad that no ...

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Old Jul 10, 2015, 2:19pm   #31
Joined Feb 2002
Sensible advice Adrian. Care to share what's your style, favourite strategies, most useful sources?

Anyway, I feel bad that no one has ever asked me anything about martial arts.
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Old Jul 10, 2015, 2:27pm   #32
 
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Joined Jul 2015
Hi there,

No problem, that's why I'm here.

Hahaha, I like using martial arts metaphors as now casual practitioner of Brazilian Jiu-Jitsu and I think there are quite a few similarities with trading itself.

Personally, I consider myself to be a position trader, though I do day trading every now and again. The only problem I have with day trading is that the algos are so rife that they more often than not screw you over. I have made most of my money by simply taking a view on a stock and either take profit at selected resistance levels or add more to my position at support levels. Usually I do this by buying or selling in tranches.

It's not a revolutionary approach nor what most people would call a typical pearl of earth shattering wisdom, but it has worked for me so far and I find that's what I stick to. Personally I don't have a volatile personality that can cope with wild up/down swings of day trading, I leave that to the algos and the people who feel they are happy to be near-constant nervous wrecks. Each to their own as they say.

As for sources, once again I have a simple approach. I look for quality stocks in sectors that are experiencing good growth as well as overall positive sentiment, pick my levels where to buy and just ride the wave for a while until I feel it's time to take profit. So I look at a few fundamentals such as P/E ratios (both FWD and TTM), cash ratios, YOY growth in sales and profits (Personally I avoid the analysis paralysis that so many people fall into) and based on that data I look at charts to see where the best levels are to buy at.
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Thanks! The following members like this post: tomorton
Old Jul 20, 2015, 9:12am   #33
Joined Oct 2014
IMO you should find the strategy that suits your trading style best. Don't rely on someone else to tell you what it is.
arigoldman is offline   Reply With Quote
Old Aug 2, 2015, 12:34pm   #34
Joined May 2013
If you do not have a well-defined strategy they will get you at the end.
Solas0077 is offline   Reply With Quote
Old Aug 3, 2015, 2:58pm   #35
Joined Oct 2014
Quote:
Originally Posted by Solas0077 View Post
If you do not have a well-defined strategy they will get you at the end.
Can't argue with that.
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