Hi Judy,
I remember our earlier postings..... how have you been?
In a word, I use all of it, and I'm the final check point. I use a variety of indicators and each indicator adds a weighted value to my final decision...so I really don't decide as much as have at times more or at times less convincing evidence regarding a market position.
Since I've been doing this for some time before computers, I can tell you that the simpler, the better, I like the KISS method. I avoid any computer toys or gimmicks that might promise to enhance trading performance, I have several computers at home, but not for market analysis or anything of the sort.
Eye balling the chart is all I do, and when I pay attention to the news I try to translate that into how the news might impact the markets and how investors and traders might view that same news.
I don't rely on moving averages, or any other of the trappings that might go along with the computer war room trading image.
I also study myself along with the markets, I pay attention to my own emotions. There is always that rush, but I spend little time actually watching the markets, I take a position and decide beforehand where I'll be wrong, then I let it run. This is a business, so I try to avoid emotional involvement with any trade. If I'm wrong on a trade, I'll be the first to tell myself, this keeps my losses at a minimum.
I hope I didn't ramble much or sound evasive or cynical, but I just do it all the old fashioned way...so far, it work for me.<g>
My Best Regards.
GZ |
