Trader Alan,
Without being patronizing, your book is head and shoulders above many that I have read.
I started the book a couple of months ago when the market was at it's worst. I got quite a lift from the book as it made me realize that as in any business endeavor, you must adapt to the current environment in order to survive.
Having started my new "career" at the tail end of the bull run, it became my impression that "that's the way it was".
I now fully understand your statement....the opportunities are there, but you must work at it to find them, and I also feel more comfortable these days as a trader, as there is (in my opinion) far less volatility these days than there was a year and a half ago.
After reading your book, I also decided to delve into swing trading, (having been strictly a day trader) which so far has yielded decent results.
The criteria I have adopted at present is 5 day ema / 15 day ema crossover that so far has proved effective. I am factoring other indicators such as RSI, and volume in making my decisions. This strategy was pointed out to me by another poster on the MS board and so far, so good.
Any other suggestions or pointers would be appreciated...
(BTW, the book was better than the video...)
Thanks
Scott |
