dweaver76
1 posts
msg #102466
- Ignore dweaver76 |
8/26/2011 12:03:22 PM
Ok so I'm new to trading/stock market etc.
We are shutting this base down and things are slow with lots of free time so about a month ago I created an account with Etrade only putting as much in there as I was willing to lose.
Goals are swing trading for now.
Working filters and the learning process I placed an order to short AOL this morning pre-open.
They have of course gone the wrong direction, which is fine....but what did I miss?
What indicator would have stood out to you guys and flagged you to not short them?
Also, there is so much information out there to read, I would appreciate some suggestions on Intro to Swing Trading 101 by any of you that are having some success at it.
Thanks much.
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four
5,087 posts
msg #102470
- Ignore four |
8/26/2011 8:05:07 PM
Perhaps,,,
A system is simply an idea. It's a trading idea for making buy and sell decisions in any market. A trader takes an idea, turns it into a mathematical formula and trades it to make money. A good trading system doesn't buy low or sell high; it rides trends. Great trend followers' success comes from the discipline to follow their rules no matter what. Our trend following trading systems answer the 5 critical questions:
What market do you buy or sell at any time?
How much of a market do you buy or sell at any time?
When do you buy or sell a market?
When do you get out of a losing position?
When do you get out of a winning position?
http://www.trendfollowing.com/think.html (about half-way down the page)
PS Always a good idea to write your 5 answers to the 5 critical questions down on paper.
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Mactheriverrat
3,135 posts
msg #102485
- Ignore Mactheriverrat |
8/28/2011 6:41:08 PM
Paper trade for 6 months
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haskellb2006
22 posts
msg #102499
- Ignore haskellb2006 |
8/29/2011 2:38:15 PM
daily chart is in an uptrend.. dont pee upwind...:)
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Mactheriverrat
3,135 posts
msg #102507
- Ignore Mactheriverrat
modified |
8/30/2011 1:32:42 AM
http://www.stockfetcher.com/stockdb/fetcher?p=viewpublic
P.S.
Thanks for your service !
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skareem
23 posts
msg #102700
- Ignore skareem |
9/24/2011 6:58:02 PM
.. and hi from another Iraqi :)
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