It is always said that one can make large amounts of wealth in the stock market but at the same time there remains a risk of losing it as well. So, it is very important to be careful while investing so that we could earn money instead of losing in the stock market. It largely depends on the stock.
Best Thread How To Make Money Trading The Markets.
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Bread-butter gains, savings-like losses hope you avoid this trap.. gj
I've been trading since the mid 1990s and actually trading for a living since 2000, so I'm well beyond that sort of thing !
I've been trading since the mid 1990s and actually trading for a living since 2000, so I'm well beyond that sort of thing !
Nice, had a pleasure to read your contribution to t2w trading guide. Deep and meaningful insights thanks
Good question, but its your turn to sort out precious stuff from the noise
Mr. Charts
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I found DAL on a scan 15 mins after market open.
My first trade was a scalp which failed and I lost -3c per share.
A little later I traded it again using the method in this thread (two out of six trades today used this method) this time on 3 minute candles.
+80c per share profit
My first trade was a scalp which failed and I lost -3c per share.
A little later I traded it again using the method in this thread (two out of six trades today used this method) this time on 3 minute candles.
+80c per share profit
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Many people looking at the chart alone might ask why cover the short there when there were still falling red candles.
The reason is that I also read actual dynamic price action carefully, (beyond the scope of this thread), and that action suggested the move might well be over. Sometimes it isn't over in these circumstances, (though I'll still be profitable), but usually it is a high probability sign the move is actually coming to an end or reversing.
Here's an image of what happened after I exited.
The reason is that I also read actual dynamic price action carefully, (beyond the scope of this thread), and that action suggested the move might well be over. Sometimes it isn't over in these circumstances, (though I'll still be profitable), but usually it is a high probability sign the move is actually coming to an end or reversing.
Here's an image of what happened after I exited.
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CVS never moved higher.
MU bounced from the exit level.
Reading actual dynamic price action is certainly not infallible but is an extremely useful indicator of what is probably going to happen 70% to 80% of the time.
Without it, most people would have stayed in those trades because all they concern themselves with is candles, support and resistance; all valuable, but not the complete picture.
MU bounced from the exit level.
Reading actual dynamic price action is certainly not infallible but is an extremely useful indicator of what is probably going to happen 70% to 80% of the time.
Without it, most people would have stayed in those trades because all they concern themselves with is candles, support and resistance; all valuable, but not the complete picture.
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HPQ was a pre-market alert and was the only trade I did this afternoon using this particular set up.
The stock reached a low only three cents below where I covered.
I exited because price action suggested it might stall or reverse/bounce
5 trades this afternoon, 3 wins, 2 very small losers.
The stock reached a low only three cents below where I covered.
I exited because price action suggested it might stall or reverse/bounce
5 trades this afternoon, 3 wins, 2 very small losers.
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I'm always aware of the overall situation at any time, but when I'm trading stocks I'm trading stocks; when I'm trading an index, I'm trading an index.
I don't trade stocks which simply track an index, I'm looking for exceptional stocks, and always find them.
I might be going long a stock in a down market, short a stock in an upmarket. It depends on the stock's behaviour.
I use several other set ups in trending, ranging, grinding and bouncing conditions. The method in this thread is just one of quite a few I trade most days and weeks.
I don't trade stocks which simply track an index, I'm looking for exceptional stocks, and always find them.
I might be going long a stock in a down market, short a stock in an upmarket. It depends on the stock's behaviour.
I use several other set ups in trending, ranging, grinding and bouncing conditions. The method in this thread is just one of quite a few I trade most days and weeks.
