Recent content by Unsound

What do you think about MU and EXPE for the rest of the week?

I adore BBands in sideways trending. I find that most successful traders I talk to think in this way. I think my problem is that I had no real understanding on what I was doing while I was "keeping it simple". I ended up just discretionary trading on what I thought were trends. My main goal...

@Vicorka, what automation software are you using? You are very much correct as I'm just fleshing out technique. In an optimal setting, I would implement it alongside additional strategy(s). @Splitlink, I completely forgot to consider the strategy in an oversold scenario. Do you think adding an...

The lines are estimates of the general pattern, you are completely correct. For the second short on the 10m, Ive been working on the premise that the lines dont have to cross, just be below or above. Trying to find a free way to backtest. If you know of one please let me know. Ive been using...

I can't speak for everyone, nor anyone outside the states, but school in general here is pretty worthless for anything dealing with money. I'm in my last year as a Finance Major and the first class that talked about trading stocks was last semester. (And all the information was not helpful) The...

That's some good advice Splitlink. I think I'll try to refine it while looking at the 30m and trading on the 15m. I mostly do paper trade contests that last 1-5 days so I was hopping the low TF would give me more entry points to choose from.

Definitely keep expanding your trading experience. It sounds like a great idea to start learning the markets young, I wish I did. Although, Isn't 20k to 1m in a year about a 5000% increase? To compare that, Berkshire Hathaway had what, 1.3-ish% returns Apr 2012-2013...

Greetings, I'm working through finding a trading strategy that works for me. Currently I'm looking at a method popularized by R.C. Allen involving 4, 9, and 18 day EMAs. When the 4 and 8 EMA are both crossed the 18, you enter long if above 18, short if below 18. When the 4 crosses back across...

I would not recommend forex or penny stocks. ETFs are a good starting position. Before you invest real money you should do some practice trading known as paper trading. (on paper only). Go to the library and read all the investing books you can. Read every day. Most brokers, in my experience...

I searched for similar threads but didn't see anything. Does anyone have any paper trading websites that they recomend? I like doing it online as to avoid changing my own stats on actual paper. So far I've checked out Wall St. Survivor and invoost.com. I mostly use invoost because it's handled...

Got any opinions on the short term of DTV or ALXN?