Just my 2c. What I see traders doing is taking trades while
ignoring market direction. Your chances are slim when taking
breakouts when the market is overbought like it is now vs back on
Jan 9th when the trend was just starting. 1. You can't trade stocks
in a vacuum. 2. There's no rule that you have to buy
ANYTHING. Most stocks trade WITH market direction. Just
M.O.
baseball analogy observing the field position and changing your
strategy to it. When the market is steady eddy - breakouts and
swings work great and you can be very aggressive. When it'd
downtrading or in a consolidation pattern except chop and be more
conservative
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Just my 2c. What I
Hey all, I am just curious how folks handle these ...
Posted by brophy on 15th of Feb 2023 at 10:08 am
Just my 2c. What I see traders doing is taking trades while ignoring market direction. Your chances are slim when taking breakouts when the market is overbought like it is now vs back on Jan 9th when the trend was just starting. 1. You can't trade stocks in a vacuum. 2. There's no rule that you have to buy ANYTHING. Most stocks trade WITH market direction. Just M.O.
baseball analogy observing the field
Posted by matt on 15th of Feb 2023 at 10:11 am
baseball analogy observing the field position and changing your strategy to it. When the market is steady eddy - breakouts and swings work great and you can be very aggressive. When it'd downtrading or in a consolidation pattern except chop and be more conservative