I know I have to rewire my thinking. Wanting to strike big (for
my account size...) in a short period of time often ends up in
strike down big and loss of sleep. Trying to 'trade', I'm
coming to a conclusion, is not me. Building the wealth, that's much
better way of framing.
Posted by cape_rover on 28th of May 2021 at 07:31 am
I’m with rjdst, keep a core acct for the long term.
Trading acct for short term trades. I’ve had some
success trading low beta stocks that are in a channel. Very
visual to sell at top of channel and buy at low of channel.
You dont hear of many self made billionaires tech traders for a
reason IMO. That is why I keep a buy and hold acct. TA
does help you sleep well tho but timing both the perfect exit AND
the perfect entry AND allocating the right amount of $ can be
tricky.
There is a guy on Twitter called Puru Saxena I have enjoyed
following. He is into high beta which is a different story
but he leaves the position alone if EMA is above ~65EMA (long term
trend)and hedges when Under the 65EMA AND when 5 and 7 EMAs flip
(short term trend). You could do something similar with buys
and sells based on 5/7 EMA flips when stock is under 65EMA.
Above 65EMA just hold.
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Thank you very much for
GE - Thank you for the member who mentioned a ...
Posted by lapri24 on 27th of May 2021 at 09:54 pm
Thank you very much for sharing your thoughts.
I know I have to rewire my thinking. Wanting to strike big (for my account size...) in a short period of time often ends up in strike down big and loss of sleep. Trying to 'trade', I'm coming to a conclusion, is not me. Building the wealth, that's much better way of framing.
I’m with rjdst, keep a
Posted by cape_rover on 28th of May 2021 at 07:31 am
I’m with rjdst, keep a core acct for the long term. Trading acct for short term trades. I’ve had some success trading low beta stocks that are in a channel. Very visual to sell at top of channel and buy at low of channel. You dont hear of many self made billionaires tech traders for a reason IMO. That is why I keep a buy and hold acct. TA does help you sleep well tho but timing both the perfect exit AND the perfect entry AND allocating the right amount of $ can be tricky.
There is a guy on Twitter called Puru Saxena I have enjoyed following. He is into high beta which is a different story but he leaves the position alone if EMA is above ~65EMA (long term trend)and hedges when Under the 65EMA AND when 5 and 7 EMAs flip (short term trend). You could do something similar with buys and sells based on 5/7 EMA flips when stock is under 65EMA. Above 65EMA just hold.