Don't trade off what you read in the media and instead focus on
the charts. There is no reason one should have been short the
triple leveraged funds for a long time since the market clearly
swung to an uptrend back in early July. Further, these triple
leveraged funds are NOT appropriate long term instruments as they
tend to lose value over time. If trading these longer term,
then look to short the long funds versus buying the inverse
funds.
.....your darn right Steve. Following news is not a good thing
to do. Just ignore it. Trade off the charts. The other thing I do
is to not read too many other sites. Most sites like to be bearish
and its usually because being Bearish makes "better
reading/dramatic reading" than positive news. Its easier to
dramatise negatives if you know what i mean. Hence I ignore it
I just let my strategies do their thing and if I
am doing any manual trading then just the charts. Cant see why any
manual trader would want much more than the charts put in a daily
or weekly update here on BPT. Without listening to the audio, its
easy to quickly scan them and get a sense of direction
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Don't trade off what you
I'm just confused as heck. Are we going down over ...
Posted by steve on 7th of Aug 2010 at 02:40 am
Don't trade off what you read in the media and instead focus on the charts. There is no reason one should have been short the triple leveraged funds for a long time since the market clearly swung to an uptrend back in early July. Further, these triple leveraged funds are NOT appropriate long term instruments as they tend to lose value over time. If trading these longer term, then look to short the long funds versus buying the inverse funds.
.....your darn right Steve. Following
Posted by vimal on 7th of Aug 2010 at 03:29 am
.....your darn right Steve. Following news is not a good thing to do. Just ignore it. Trade off the charts. The other thing I do is to not read too many other sites. Most sites like to be bearish and its usually because being Bearish makes "better reading/dramatic reading" than positive news. Its easier to dramatise negatives if you know what i mean. Hence I ignore it
I just let my strategies do their thing and if I am doing any manual trading then just the charts. Cant see why any manual trader would want much more than the charts put in a daily or weekly update here on BPT. Without listening to the audio, its easy to quickly scan them and get a sense of direction