Dragynn's Lair

[Dragynn]

Hello all, I am Dragynn.

I am not an investment adviser, broker, or even a big fish, just an ordinary retail trader. Nothing you read that I write, should be taken as anything more than opinion. Grownups take responsibility for their own investment decisions, they don't blame other people, message board posters, or the company for their losses, this gives them the right to take credit for their wins.

I am a technical trader at heart, TA is how I started, and even when scalping pure momo, I STILL look at the chart before I do anything. I scalp, daytrade, and have short, near, intermediate, and long-term holds. I am toying with currency trading right now, it seems even easier than stocks, nothing but pure charting, sweet!

I am above average when it comes to reading charts and predicting breakouts. I am lousy at exit strategy at times, lol, I should let the winners run more...but taking smaller profits makes my batting average pretty high, and "basehits win ballgames" as they say. This year, the pinks/BB's have really surprised me, I took some small chunks of long rides early on before I started believing in some of the breakouts i've seen. I'm averaging around 25% per month this year on the entire port.

Just FYI for comparison, my personal preferences in charting are thus:
6 month chart, candlestick, daily
20,50,200 day exponential moving averages overlaid
Volume below in bars, with avg. volume for last 30 days noted
RSI-OBV-MFI graphed separately from chart but overlaid on one another.

That's it, no other indicators, after toying with a legion of other indicators, and various theories as to their application for years...I came to find that basic trendlines and key support/resistance levels, along with moving averages, worked much better as long as you learned how to interpret and apply them. RSI-OBV-MFI combine to give an even more refined idea of money flow in and out of the stock.

My top 3 books to read about trading and investing, would have to be:
1. Secrets for profiting in bull and bear markets. Stan Weinstein
2. The Intelligent Investor. Benjamin Graham
3. A Beginners guide to daytrading online.Toni Turner

These are the "must-reads" before anyone starts trading IMO, and a good cross-section of trading styles for a beginner, yet are still valid in certain aspects for the experienced trader. None of these books is super long or overly complex, I HIGHLY recommend them.

I trade to live, don't live to trade, i'm an artist, just not a very good one, lol, and I don't like starving!

Peace to all,

Dragynn