Posted by retirefire on 17th of Jun 2021 at 02:05 pm
Yes that would e helpful, I definitely need to put plan in
writing and execute it, instead of getting trapped without a plan
and acting in hindsight. Would have helped me in AAZZF. Although up
nicely I'm letting the price force my hand and sitting nervous.
Advice - separate your account into investments and trading.
One thing you must do is to DEFINE YOUR METHODOLOGY of
trading. Personally, I'm a hybrid trader with certain core
holdings/swings and the balance shorter term trades. One
place to start a formulation is to REVIEW past trades and what
works for you and what doesn't. It comes from your personal
experience over time. There is no short answer to the
question - just like someone approaches a way to get in shape.
Formulate a plan that works for you and adjust as necessary.
Once in place, you can incorporate some of our tools
in accordance with style of trading (including your preferred time
frames, risk tolerance, etc). For the trading portion you
can simply focus on the patterns that seem to work best for your
approach and then examine the watchlist for viable candidates.
Anyway, there are a few thoughts and now back to
trading.
Posted by retirefire on 17th of Jun 2021 at 02:24 pm
Yes thanks Steve an Matt. I realize you guys go over the top
with time and effort. Trying to wean from the BPT teet (just SPY
trades) and Successfully trade a plan with the info presented here.
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Yes that would e helpful,
Great stuff, Matt. Thanks for all the great guidance. BTW, ...
Posted by retirefire on 17th of Jun 2021 at 02:05 pm
Yes that would e helpful, I definitely need to put plan in writing and execute it, instead of getting trapped without a plan and acting in hindsight. Would have helped me in AAZZF. Although up nicely I'm letting the price force my hand and sitting nervous.
Advice - separate your account
Posted by steve on 17th of Jun 2021 at 02:13 pm
Advice - separate your account into investments and trading. One thing you must do is to DEFINE YOUR METHODOLOGY of trading. Personally, I'm a hybrid trader with certain core holdings/swings and the balance shorter term trades. One place to start a formulation is to REVIEW past trades and what works for you and what doesn't. It comes from your personal experience over time. There is no short answer to the question - just like someone approaches a way to get in shape. Formulate a plan that works for you and adjust as necessary. Once in place, you can incorporate some of our tools in accordance with style of trading (including your preferred time frames, risk tolerance, etc). For the trading portion you can simply focus on the patterns that seem to work best for your approach and then examine the watchlist for viable candidates. Anyway, there are a few thoughts and now back to trading.
Yes thanks Steve an Matt.
Posted by retirefire on 17th of Jun 2021 at 02:24 pm
Yes thanks Steve an Matt. I realize you guys go over the top with time and effort. Trying to wean from the BPT teet (just SPY trades) and Successfully trade a plan with the info presented here.