Effective Collaboration - Team Research for Better Returns: Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Ox who wrote (1089)	8/24/2012 1:03:09 PM
From: Return to Sender	Read Replies (1) of 8288

OX, thanks for taking the time. I don't have time to day trade yet. Maybe in a few years when I retire. I occasionally look at short term trading charts to help determine when to enter or exit a trade while I am actually watching but... But I do believe that when I start trading more often that I will still look at longer term charts first to find levels of support and resistance. Knowing if the stock is oversold not just on the 5 minute, or 15 minute chart, is not nearly as important as checking the daily chart. The channel on BIDU is just slightly above 110 but I probably would be too scared to touch a stock that has run this high until it tested its most recent low just below 100. Stocks don't trade in a vacuum. The market remains in overbought territory heading into what is notoriously the worse month for the market year in and year out. Everybody knows it. So we will probably breakout to new highs right away! Anyway, while I like to trade against the market when I think it is oversold or overbought. That leaves me out of a lot of trades. I am also not using the tight stops that you wisely are doing. Thanks again for explaining your trade. And good luck with all your future trades Ox! RtS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next