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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (70187)	4/2/2003 11:53:10 AM
From: bcrafty	Respond to of 209892

byhiselo and clapton, thanks for your replies I understand your trading better now, and I thought that both of your answers were good ones. I'm glad when people post their trades so that they can let us know how they're doing. But from an informational and educational perspective, which is presumably the primary focus of message boards, I always think it is best for someone to cite specific reasons for their trade, so that the reader can either learn about trading from others' activity or, at the very least, learn about the individual who is posting. Ideally I'd like to see posts, for example, that say "I sold my XYZ because on the 15-minute chart the RSI had topped out and the price was starting to move below the support level provided by the ____period sma" or "I bought ABC because I saw an inverse H&S forming on yesterday's hourly chart" or "I bought Monday because it appeared that the C down from 3/21 on the daily chart was finished with the gap down and we were consolidating just above the .5 fib retracement of the rally from 3/12." Posts like the above will give us another perspective to look at in addition to our own, and with sufficient detail we can pull up a chart that the individual was looking at and see for ourselves. Last month I asked someone why he covered when he did and he simply (and honestly) said that he didn't have any technical reasons for covering, and was sorry that he had no technical insights to offer as he had not studied much TA, but that he covered simply because he had too many puts and his gut told him that the time was right. That kind of reason is fine in my book, and although it tells me little about the market, it tells me something about the trader that I will remember for the future. As it turns out his instincts were so finely tuned at the time that he covered right near the bottom TICK of the 3/12 low. I realize that some feel that they don't have time to give reasons for their trades, but it only takes another minute to give a brief one, and it might be of some value to the rest of us to see the "whys" behind the "whens" of other peoples' trades.