Thursday, April 24, 2008 6:04:44 PM
My indicators are in IBOX and they are on charts also. I use QT for my charts.
Most of my trading is on 5 min chart, I do use 15, 30, and 60 min charts.
I study my daily weekly charts after the close and take notes.
I do run scans for investment ideas, investments have no stops only cash and usually held for 5-10 year. I am usually 2-3 year early and 2-3 early in selling.
So now I buy slowly if it is moving in my direction.
CCI Nacona and gloe has given me better confidence in my trading.
I am thankful to them and people on that board.
NM is a good trader, losing does not make you a bad trader, lack of discipline does.
Money management is more important then any TA.
I sold my puts at 8 Cents profit. I did not took stop loss I increase position to 3 X more and that was pretty good profit because of my position size. I try to close position in options at end of the day but I do some time carry over night, Follow my friend Roy's way of option trading.
Good luck and Happy trading.
Farooq
This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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