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Re: MossyOak post# 20445

Tuesday, 02/15/2011 10:50:29 PM

Tuesday, February 15, 2011 10:50:29 PM

Post# of 47295
Are you stuck in watch the chart tic mode? That's what one does when trading on the OTC. You don't need to evaluate every bump in the indicators, thinking today alls well and tomorrow alls bad.

You buy because there is a chart pattern giving a target price after breakout. Indicators give signals to assist with timing and move condition, to support decision.

Once you made your trade plan, watching each little change helps only increase your personal stress level.

So happens TNH also has good fundamentals, market mindset, big guy need and free dividend gains to boot, with the technical chart pattern and positive indicators.

Why would a tiny bump in one or two indicators effect anything. Your thinking day by day, not 2 week swing trade. A mental state seen in penny players. One needs to plan the trade, then trade the plan, and go out and enjoy life. IMO the daily up/down stuff will stress years out of our's. Knowing what you wil gain and what you can lose before pressing the key, really lowers stress.

Here's a chart with your indicators and info on the chart pattern and indicators you used.

PS; I personally feel CCI & STO are better for mid to long term momo. StochRSI is also a momo indicator, but gives a zeroed in look at momo. Better for a short swing trade. IMO Also 2 indicators from the same group isn't cool. Multicollinearity






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