Wave riding's been fun.......that is until this week.Went against my own trading ideas of not going into the wave from the front. Mixed up the fundamentals (strikes etc)with charts and came up a bit confused and then got some confirmation of my "scheme" from the STD TA for the day ..... and got dumped. Although can't blame anyone else but myself. But learnt a lesson --- don't try and go against the pack.
Yip, you have to wonder. Last week, on the day they said the market would be 'choppy with a bullish bias' it gave up 500 points intraday. And yesterday, with the outlook 'bearish' the market flew. Maybe they're a good contrarian indicator.
Indeed B. What's your take on the new old Poker boy R30 per month pocket money to R30k per day dreamer ? Guess "my people in Japan" turns out to be the neighbours boy and him having fun on the walkie talkie he got for Chrismas !
Beep beep ...much too little...that means with a stop of 20% you need to be right 75% of the time....just to break even...just not possible. You need at least 30% .....just let your winners run and cut your losses that way you dont even have to be right 50% of the time...
Agreed - maybe a bit cautious this morning - but have been taking nice 25% plus profits off Topdwm over the last weeks. I was out of Topdws when the "debate" was on, which confirmed my idea of going short again and thats what I did. rest is history. Moral of the story - read whatever you want but at the end of the day don't go against the FLOW. Shorting the bull market is not wise.