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Friday, February 02, 2018 1:24:36 PM
As for being new, I have been trading for several years very unsuccessfully by following the ihub boards and getting caught up in everyone's loading the boat and slapping the ask LOL
So about a year ago I started to look at TA (I admit it was Clay Trader who sparked the idea) but didn't want to spend the money on his courses and took the long way of studying and back testing different indicators until I was blue in the face.
And it wasn't until just recently that things started to come together to where now I have written down what my trading strategy is. Now trusting it and following it is my battle. LOL
My strategies now often require me to buy on the uptrend and I am so used to catching the falling knife and averaging down. Hard habbit to break for me.
My next area of curiosity deals with the pre and post market activity. I am looking at the option of waiting for the first 30 minutes after market opens to decide what the price action is doing, mainly concerned with trend trades vs a countertrend trade like UGAZ was from yesterday.
I am out of this trade at the moment, but am curious to see if waiting would have made much difference. Technically It hit my target premarket so I should not be in the trade any more especially since it is a counter trend trade IMHO
Hopefully some day this will all start to flow naturally and I will not have to annotate charts all day and night. LOL
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