ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Real Man who wrote (42989)	11/12/2021 10:49:46 AM
From: Sun Tzu	Read Replies (2) of 97281

If it was that easy I'd been typing this from international waters off the coast of my personal island. The price action is your primary gauge. As Jesse Livermore put it, and I am quoting from memory, "Suppose a man buys a stock and it goes down. Then such a man should know that he is wrong, at least for now. And when you are wrong, there is only one thing to do - to get on the right side." You are not limited to trading daily trends. Nor are you limited to just looking at the price action. You can get cues from other things. Anyone who is serious about trading should develop their own indicators. You can read about MACD or Stochastics or whatever all you want, but it won't do you much good. Why should you do any better than the next guy who is also reading the same material as you? What is more, the process of creating, testing, revising, and ultimately perfecting your own indicators will teach you more about the market and trading than any book or guru could.

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