PitBull
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Sorry to hear the news Ali, but I would just like to add my 2 cents worth.
I don't think Mr Charts approach is aggressive at all. You might be referring to individual stock price movement, i.e. volatile stocks and number of alerts generated by his www. In that case, pick the slower paced stocks, narrow the number of stocks you look at and most important premeditate the trade, don't jump straight in. At the end of the day you should take it at your own pace and set constant goals for yourself to strive towards.
If you can perfect your entry, then keeping tight stops is a must. Do you have any rules on what you want to see before a trade is taken, i.e. volume on breakout bar, not before etc, bid traded up 2 ticks before going long on breakout and it is a not an eager trader hitting the ask at the breakout level.
Do you think you will do better with another strategy where bigger stops are part of the plan? And where multi timeframe analysis, multiple indicators etc all need to sink in before placing a trade? No dig intended Grey1.
Finally, their is NO CORRECT WAY of trading the market. Some people on these boards believe there is. Who care's when your'e making money, find a style that suits you.
I did write a post about chasing success, http://www.trade2win.com/boards/showthread.php?p=292065#post292065
this IMO is what you doing and not focussing on what needs to be done. You've said it yourself what the problems are, put them right and start again properly.
Best of luck
I don't think Mr Charts approach is aggressive at all. You might be referring to individual stock price movement, i.e. volatile stocks and number of alerts generated by his www. In that case, pick the slower paced stocks, narrow the number of stocks you look at and most important premeditate the trade, don't jump straight in. At the end of the day you should take it at your own pace and set constant goals for yourself to strive towards.
If you can perfect your entry, then keeping tight stops is a must. Do you have any rules on what you want to see before a trade is taken, i.e. volume on breakout bar, not before etc, bid traded up 2 ticks before going long on breakout and it is a not an eager trader hitting the ask at the breakout level.
Do you think you will do better with another strategy where bigger stops are part of the plan? And where multi timeframe analysis, multiple indicators etc all need to sink in before placing a trade? No dig intended Grey1.
Finally, their is NO CORRECT WAY of trading the market. Some people on these boards believe there is. Who care's when your'e making money, find a style that suits you.
I did write a post about chasing success, http://www.trade2win.com/boards/showthread.php?p=292065#post292065
this IMO is what you doing and not focussing on what needs to be done. You've said it yourself what the problems are, put them right and start again properly.
Best of luck
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