If all you do is trade "chart setups" you are "setting yourself
up" for long term mediocre results. Charts in a vacuum
leave you clueless on volatility, but if you know the
company and catalysts, your hands are stronger, win
rate is higher!
Steve, I assume the optimum words here are "swing trader"??
Also assume this does not apply to those who make a quick
trade in and out (day trade), off a chart and nothing but a chart,
is that right? Is it possible for one to blur into the
other, or are there definitions that clearly separate a day trader
from swing trader? Can't imagine you check all the
fundamentals for every stock you post, especially those you
reference as a quick trade under trade ideas.
Good Statement for Swing Traders: If
Posted by steve on 18th of Jan 2018 at 09:51 am
Good Statement for Swing Traders:
If all you do is trade "chart setups" you are "setting yourself up" for long term mediocre results. Charts in a vacuum leave you clueless on volatility, but if you know the company and catalysts, your hands are stronger, win rate is higher!
Steve, I assume the optimum
Posted by RichieD on 18th of Jan 2018 at 10:16 am
Steve, I assume the optimum words here are "swing trader"?? Also assume this does not apply to those who make a quick trade in and out (day trade), off a chart and nothing but a chart, is that right? Is it possible for one to blur into the other, or are there definitions that clearly separate a day trader from swing trader? Can't imagine you check all the fundamentals for every stock you post, especially those you reference as a quick trade under trade ideas.
Richie - my statement below
Posted by steve on 18th of Jan 2018 at 10:31 am
Richie - my statement below is quite clear. It relates to swing trades.
Isn't a swing trader anyone
Posted by aragon on 18th of Jan 2018 at 11:39 am
Isn't a swing trader anyone who holds stocks overnight? Or a longer-term hold is assumed?