ETF SWING & DAY TRADING

[Torqputty]

Why wait for confirmation?

most already know this but i'll post it for others;

Why wait for confirmation? So we don't chase and get whipped. Which really puts a strain on confidence and on gains.

1, lets say our price range is $40-$45, resistance @41 and price break @42, thats a .024% break, (you are now behind)

2, the good news is you still have a .07% gain posibility, thats been confirmed by your stoch, macd, $nasi

3. so all it cost you was .024% plus one day. I would trade .024 for .07 any day.

4. lets say you're confident and short @ 41 (resistance) then price goes against you to 42. that is still only .024% and only lowers your upside gains to .046. The real trick on this trade is (mind set). Change when you are wrong...However, if this trade was a good short. You have just added gains to your finance and more importantly add 1 tick on the confidence meter.

thats my unsolicited 101 for today, lol and happy trading