Welcome to the 123 Trends and Reversals forum.
Hang out here with me and let's see if we can pry dollars out from the deep pockets of Mr. Market. What's my game plan? It's as easy as 123 (or is it??)
(1) Trade onside with a stock trend.
(2) Be aware and be out when a trend has changed.
(3) Be willing to make bets, but use stops.
For the definitions and references on trends and reversals, please see messge #13 (contrarian to popular belief.. 13 is a lucky number... or at least I hope, for my financial sake)
Of course, trading is more complicated than 123. We need to contend with news releases, earnings report, analysts upgrades/downgrades, hedge funds plays, options expiries, window dressings, markup games, market makers, traders' psychology, our psychology .... any one of which can significantly affect trading outcomes.
The usual rules apply for this thread. Lots of tolerance and respect for others views, and there's no need for ego squabbles.
Be profitable! Or at least, protect your capital! But most importantly, have fun! |
