The best strategy, for me, is to look at price action. Watch an area, make my mind on a number. See if it's holding, set a stop below that number, eye ball an area to take profits and shot.
It seems that my thread is not attracting any responses so lets add a few spices to it.
as a discretionary trader who tries to read the market, judging by highs/lows (both for reversals and pullbacks) by looking at price. What would one say about adding an indicator just to cage that person...
Re: How to win trading & when not to trade (I have 1 month real live record so far)
What are these links? what's the company's name? How did you find them? I doubt that they will provide you with paper work.... but I wish you the best.
I have been thinking on how to quantity what I do and thought of sharing thoughts with you guys.
I call my method market awareness, are they trying to push it up, push it down?who participates in this move? Are these short covers? Where are we in the move in relation to today? to pre-market...
but the question is how do others build up positions? is averaging in or pyramiding that bad? I kind of put my R/R ratio a side in addition to most of the calculations that my excel spitted. Currently, trying to focus on trading.
without a plan.... The plan I created 2 years ago helped me...