Something to ponder: Let the stocks you are in, tell you what is happening, not "market". What is market? an index? I gave up any real attempt to guess where market is going during the day. You won't see any market indices or indicators in my setup. I don't buy market, I buy individual stocks, so they are my main concern. Some will quickly say your stocks might see the effects of change in market, yes, they might, but then I will see it.
You missed thousands of trades, because your ideas of "market" kept you away. I used to do that. Try to guess the "market" then base my actions on it; I stopped, I can't do it. Now I focus on stocks that I will trade. Of course we have to have something to talk about, so I enter games on guess the dow or S&P, but I don't have my money on that guess.
Everyone is always taking about KISS, I keep it simple by watching only stocks, I will trade and cut out noise from externals and focus on where my money is at. |
