Replies to post #20482 on lowtrade

[GABRIELXX]

Yup,but as you see I didnt include any entry or targets,just because this is not what lowtrade is teaching.


the proper TA entry would be price getting above 50MA and than watching for pattern or other signal for entry..short float less than 10%.


I really like the fundamentals on this and thats why Im buying little earlier,but Im always buying little earlier:)

From TA,this is sitting little above 50fibonacci retracement and support on 9.5,8,7.5.

[lowtrade]

Fundamental traders don't really follow, they tend to lead.

People are different, so are trading styles. The main thing to remember is if it works for you, repeat it. My way is not the only way and I don't want one to follow my main focus at the board (swing trading 2 week cycles), without trying other things.

There is a vast amount of info out there to assist with decision making. What I do recommend is finding what works for you asap and stick to that for your meat & potatoes. Pick a style and price area which is condusive (?) to reaching personal goals, with personal assets. Then experiment with a smaller amount of cash in other forms or ways, to evaluate and trade. When you find something else, that works over and over, add it to you book of knowledge.

Try day trading, position trading. Learn how to read and understand Q reports. Evaluate product pipelines, grasp how dividend stocks offer something which will assist you to reach goal better. Can shorting on margin, fit your needs well? What's the difference between the 3 forms of company margins and which tells you what you want to know. And on and on.

Ask questions, I have a big head (some may think in more ways then one), but my book of knowledge is here for all to pick from.

This is a learning process. I'm still learning. And as I find something new, which works over and over. I tuck it away for future recall. That's how I can switch from one business plan to the next and from one trading style to another.

EX: I just changed from pattern swing trades, to up trenders. At the same time, I switched my business plan to include position trading, pennyland & dividend stocks. If all I knew about was swing trading mid caps, in good times, what would happen to me when the market changes?

As for what you learned so far, you are correct. Trying to catch a falling knife is scary. But someone with experience in different areas of trading, may have seen something in their book of knowledge they pulled out.

If your not comfortable, don't make that decision!! That alone will save your butt more then cost it.

Here's something to back up your concern;

No one - I mean no one can call a bottom

!