Originally Posted by lewdog:
I’ve made money in months where I’m 40% accurate, but not lower than that. Goal is to always have win/loss ratio be of 2:1 or greater. It’s all about managing risk.
I trade on Mark Minervini principles. I pay for a screener that I can manipulate to look for stocks that meet certain rules. I can scan through a list of 700 stocks in about 30 minutes looking for certain patterns.
Since we are on the topic of books, if you have not ever looked into technical analysis and want to learn how to "read the charts" this is the Bible. I had the fist edition called Technical Analysis of the Futures Markets back in the early 90's but the concepts were for stocks as well. Murphy has since been noted as one of the best in the technical analysis arena.
I would read this well before you start reading any other books on trading that involve charts.
Originally Posted by petegz28:
Since we are on the topic of books, if you have not ever looked into technical analysis and want to learn how to "read the charts" this is the Bible. I had the fist edition called Technical Analysis of the Futures Markets back in the early 90's but the concepts were for stocks as well. Murphy has since been noted as one of the best in the technical analysis arena.
I would read this well before you start reading any other books on trading that involve charts.
Originally Posted by lewdog:
I’ve made money in months where I’m 40% accurate, but not lower than that. Goal is to always have win/loss ratio be of 2:1 or greater. It’s all about managing risk.
I trade on Mark Minervini principles. I pay for a screener that I can manipulate to look for stocks that meet certain rules. I can scan through a list of 700 stocks in about 30 minutes looking for certain patterns.
Originally Posted by petegz28:
If you want to gamble today, right now is a good time to buy the SPY if you think we will head back up towards the close. Seeing a good buying spot.
My concern though is people selling into the close not wanting to be long over the Omicron weekend....
Trade looks like it might have busted....selling is ferocious today
Still looking promising....if you placed your stop loss correctly you're still in the trade.... [Reply]
It's interesting that there's such a big difference between the Dow, the S&P, and Nasdaq today. It seems that money is fleeing tech hard, and other stuff less so. [Reply]
If I didn't think a touch of short covering would come in during the last 20-30 min I would say we are headed for over 10+ points down on the SPY but I think enough will cover their shorts going into the weekend to keep it from happening [Reply]
