Steve, I think you need to formalize your trade entry
requirements to make them more specific. Brief comments like big
volume, breaking through support, sustainable, etc. are not
tradable. It needs to be all numerical.
I think you and Matt might need to address the fact that some
subscribes cannot make any money without specific numeric data.
What that means is that they are using opinions instead of facts,
and projections that are not supported by factual indicators. This
market is very difficult to trade for obvious reasons, and in these
circumstances more guidance from your side is required to support
those are willing to commit their hard-earned money and risk it on
either side.
Personally, I am staying on the side lines for now till May. I
am also reconsidering whether or not I should continue with my
subscription here, which I cannot justify based on my personal
trading success.
Perhaps Matt and Steve could have a separate area of the
watchlist for the top two or three picks that includes the
information suggested above. For those of us who would like more
structure or only wish to trade a small number of stocks at any
given time, this would be most helpful.
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trade entries
SPX 15 min
Posted by junkie on 12th of Mar 2010 at 05:03 pm
Steve, I think you need to formalize your trade entry requirements to make them more specific. Brief comments like big volume, breaking through support, sustainable, etc. are not tradable. It needs to be all numerical.
I think you and Matt might need to address the fact that some subscribes cannot make any money without specific numeric data. What that means is that they are using opinions instead of facts, and projections that are not supported by factual indicators. This market is very difficult to trade for obvious reasons, and in these circumstances more guidance from your side is required to support those are willing to commit their hard-earned money and risk it on either side.
Personally, I am staying on the side lines for now till May. I am also reconsidering whether or not I should continue with my subscription here, which I cannot justify based on my personal trading success.
Have a good weekend, everyone!
I hear much hype about
Posted by vnathwani on 13th of Mar 2010 at 03:43 am
I hear much hype about the watch list. Every time I have traded it, I have lost money despite only trading on "big volume relative" breakouts
Another suggestion
Posted by epmaruggi on 12th of Mar 2010 at 06:34 pm
To add:
Perhaps Matt and Steve could have a separate area of the watchlist for the top two or three picks that includes the information suggested above. For those of us who would like more structure or only wish to trade a small number of stocks at any given time, this would be most helpful.