dashover
226 posts
msg #116820
- Ignore dashover |
11/17/2013 4:06:38 PM
I just saw an approach where you take the trade when:
A. the XYZ is touching the Upper Bollinger and MACD histogram is > 0 and upper Bollinger points up... and then hope the trend continues... otherwise take small loss...
and I wondered if a better approach is:
B. Do you prefer when stock is at bottom Bollinger and RSI (2) < 2 and you hope it reverts?
or
C. Stock has just broken through 45 day resistance and it looks like it's hitting new air?
D. Stock has just broken through 45 support and the skies are looking dark.
so do you prefer A, Trend continuation, B, Trend reversion, or C Breakouts or D Breakdowns?
Why
or Do you agree with Altucher on trading who says "You can’t predict the future. Everyone thinks they can. But they can’t."
that's it's not important how you get in a trade just that you're "Standing by the Exit" when you do so that you take many small losses and hopefully catch a few decent size winners...
Thanks for your insight!
Dash
|
Kevin_in_GA
4,599 posts
msg #116827
- Ignore Kevin_in_GA
modified |
11/17/2013 7:39:10 PM
I trade using strategy B, or a variant of this. The mean reversion trade is statistically well-favored. The key is finding the right entry point.
|
alf44
2,025 posts
msg #116828
- Ignore alf44
modified |
11/17/2013 7:53:51 PM
.
...ah hem ... I prefer E !!!
-----
BUY the DUMPS !
SELL the BUMPS !
Don't DIDDLE IN THE MIDDLE !!!
:)
.
|
compound_gains
222 posts
msg #116829
- Ignore compound_gains |
11/17/2013 8:38:16 PM
Hmmmm. None of the above. Momentum, but set the bar high enough that there has to be decent continued momentum carry through, and cut your losses if it starts to fade.
|
miketranz
961 posts
msg #116832
- Ignore miketranz |
11/17/2013 11:02:19 PM
The best trading approach?? There are numerous approaches,entry & exits,filters,systems,charts,styles,the list goes on and on.The bigger question is,which one is the most profitable based on statistical fact,that you yourself can apply with consistency in real time.Trading is a numbers game,not a guessing game.Most would lead you to believe that one can trade on assumptions,predictions.It's pure fantasy,a delusion.These are the same people selling the books,tapes,seminars.99% of this misinformation does not work.Take a casino for example,it's similar to Wall Street in that it extracts capitol from dreamers trying to beat statistical odds.On Wall Street you also have the inside factor weighing against you.Remember,the only reason these two institutions are in business,is to take your money.Good luck,Miketranz.....
|
shillllihs
6,045 posts
msg #116833
- Ignore shillllihs |
11/18/2013 12:10:39 AM
I've always gone with the Shillllihs/Mesayah approach.
Study study study & grow into your own.
|
marine2
963 posts
msg #116834
- Ignore marine2 |
11/18/2013 12:53:02 AM
Best approach for short term and longer term trading and investing is to catch the Bull when he's happy for the longer run. Catch the happy trend ( ie. Spy, QQQ, DIA) for the shorter term trading. You enter in those time frames and you stand a chance at being happy yourself. Day trading, catch stocks that are bi polar by playing the right filter and you will be enjoying sweet successes. Knowing when to get out of trades is an art in itself. Experience at doing it is the key. Remember, if you lose get yourself up and learn from it and get back in the game, and never stop learning. Trading with a poker face approach will help you, trading stocks with too much emotion will pummel you and your wallet. Stay focused and trade with money you can lose.
|