Personally, I try to KISS a lot. Find a good pivot point, make a statistical channel and some trendlines, and trade with the trend. Use your skills and brains to try and keep track of the big and small pictures, and, especially, for fine-tuning of your entries and exits. Try to disregard what is noise in your time frame. Waves and patterns tend to give some guidance, as well as MACD’s and such. Identify early prospective channels. During periods when markets gap a lot, remember to take some money off the table when patterns seem stretched, like last Monday's close. If you are not having fun, re-size your positions. After a good period, one often gets jello or worse… I wonder if it isn’t smart to take some time off at the first sign.
For as long as your account is doing OK, you are not too wrong. |
