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Online Share Trading

Engage and learn about markets and trading online

Starting to slide ?

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eddy66
Super Contributor
focus on the price and ignore everything else .. data, chat forums, results etc - they all just noise .. only watch the price, have entry and exit levels set and wait for them to be hit (or not) ..
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doomsdayza
Super Contributor
OMG it's Simon the II :)
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eddy66
Super Contributor
LOL! That's his quote.Hope you don't mind that I'm forwarding your advise Simon
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Thanks :) So entry and exit strategies will be based on your strategy and the analysis of the chart?
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SimonPB
Valued Contributor
yip, and nothing else matters ..
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The market is supposed to be forward thinking - it doesn't care about the current bad news, because it already anticipated it. What the market cares about is the future, and according to the market, the future is looking brighter. If you want to short, you need to do it when that future perception gets shattered. And since, as a lowly trader, you won't have access to that information until the big boys have chewed on it, regurgitated it, and fed it through the editors to decide what it is they want you to know, it is best that you just wait & react to the price (i.e. the prevailing trend) accordingly. Unless you are a value investor, in which case you shouldn't care a hoot about current price movements, because you are backing the long term financial viability & growth potential of your stock
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the future is still bleak, unemployment in U.S is said to be at over 10% by next year
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Thanks for the info, guys. I understand the concept around value investing and fundamental analysis. Currently, I am try to wrap my head around the TA and trading aspect of markets. It interesting to understand both sides of the coin.
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BAP
Regular Contributor
Bottom line - Fortunately I did'nt go short. Question now is how long this bullishness will sustain before a pull back. Also interesting is the post and debate regarding BIL and AGL's moves.
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