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Rytrader4

04/16/15 7:04 PM

#8383 RE: Kooka_Duke #8380

I'm very good with charts and understand hot and cold indicators very well. I and more of a swing trader than an intraday trader. I've seen a lot of this hot indicators topic and the one thing people must take into consideration that I don't think most are. When stocks make that initial beast run, sometimes it's days sometimes it's weeks, it can get hot with stochastic and RSI on a daily chart and stay hot for a long time. The only time you'll see that happen is during those initial beast runs. 95% of the time stocks will get hot and drop and get cool and go up in simple terms. Two months from now I bet you'll look back and see the stock hot on a daily chart for about two weeks. When indicators are hot you're always supposed to stay on your toes, they are not buy and sell points. If you're trading these kind of stocks you must get used to this. Only happens a few times a year. Think this is one of those times. As always trade with stops.