Another insight from my trading

    Posted by fundamentalvalues on 2nd of Aug 2022 at 08:22 am

    Another insight from my trading diary that I felt worth sharing:

    I've found that doing endless charts with multiple scenarios is just as much noise as watching the news everyday. It only makes my head hurt and distracts me from what is important. Today. Today is all I have in life, be it trading or anything else. 

    And I've seen enough of weathermen out here on youtube, twitter, board sites, etc. that post every scenario then eventually one of them comes true and they take credit. All the other charts disappear, it is comical. In real trading/investing I have to actually pick a side and stick with what I'm doing for whatever period of time that is. 

    It has been refreshing to be in this community in that it has been clear what is being targeted during a period of time. It was clear a bear market was being looked for when stocks made new highs in 4,800s and talked about for months and all while it was going on. It went all the way down to 3,600s. Then it was suggested markets would have a substantial up move, which took place. Some damn good forecasting here. 

    The most recent notice has been to get cautious as markets rise and if we get that 4,220 area move, to get even more cautious. It is always encouraged to raise stops as well, so protect, monitor, adjust should be on everyone's mind by now. Great reminders are worth repeating.

    Another thing I was just considering, if I don't want to be concerned with all the noise, I can simply be aware of the forecast and just take the trading alerts. No time investment other than checking back end of day to see if any buy or sell is being made. 

    Wonderful conversation 

    Posted by watcdy on 2nd of Aug 2022 at 08:49 am

    Wonderful conversation 

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