|Forum - Gurus Answer Questions
||Gurus answer your questions about the art of trading.|
|From: Lionmaster (Rep: 6040) reply to Goods71||Date: 02/16/2009 15:40|
|Forum: Gurus Answer Questions - Msg #66||Thread #672505037 (Rec: 0) |
|Re: what are your favorite indicators? I like to use on balance volume and s...|
I generally don't trade the indexes or use macro indicators that much (point is they are rather useless). Index trading produces very little gains unless you are buying the futures in the options exchange, but the premiums paid is generally not worth the trade period, plus the fact that to predict macro type events to pinpoint accuracy is rather fruitless and generally no intelligence behind the trade).
I just like to follow the momentum indicators in sector or news related type trades. There you can do all the DD you want on a particular sector or stocks in that sector. There is more intelligence you can extra behind the existing movements as well as forecasting a little how the stock will perform in the near future. If a particular stock gets way ahead of itself, you can possibly short the stock, and go long another stock to hedge your trades. As always, there's no perfect forumulas, you just have to find those type of trades to suit your own personality and your likings. The best traders develop their style overtime and fine tune it as market dynamic changes which mean you have to pay attention daily.
Share This Post:
THE POSTING ABOVE IS FOR MY OWN TRADING ONLY. DO NOT BUY OR SELL ANY SECURITY BASED ON THE POSTING. DO NOTHING AND JUST DISCARD THIS POST IN YOUR TRASH CAN.
***Disclaimer & Disclosure***: I posted this message for your casual reading only. The message(s) above is neither an investment advice nor suggestion(s) to buy or sell ANY securities at ANY time, PERIOD. Please discard this post at once and DO NOTHING and MOVE ON. The accuracy, completeness or timeliness of the information posted here is not guaranteed by me. There may be delays, omissions, or inaccuracies in the information due to my own haste to do MY OWN fast due diligence for MYSELF only! The message postings here is 100% free and posted as casual and fun reading only. Last but not least, I am not a registered investment advisor in any shape or form, please do not ask me for ANY investment advice.
And by the time you read this post, I ALWAYS have bought any of securities mentioned above AHEAD of time before I post. And, I plan to sell all of the securities mentioned above within minutes or keep some for daytrading and/or short-term investing. It is my decision. The decision to buy or sell any security that may be listed above is done purely at your own risk. Please consult a licensed broker before trading. You now HOLD 100% responsible for your own trades and own actions!
1998 Yahoo! Stock Picking Challenge 1st Place Champ! Out of approximately 200,000 contestants.
Top 25 Finisher 2006 CNBC Portfolio Challenge! Out of 250,000 contestants.
What is history is history, now learn to do your own stock picks and be a champ also! Empower yourself!
| Reply to Goods71 - Msg #59 - 02/15/2009 17:50|
Re: what are your favorite indicators? I like to use on balance volume and slow ...
Depends what type of trading you're doing. I generally keep an eye on the MACD and Volume. Glance at the Slow Stoch, RSI once in a while. Moving averages are always good to have.
There's no perfect set up. I found the more experience I got, the less indicators I used. The charts just tend to pop out at you. Mastering the Trade by John Carter is a great book for detailing exact set ups.
Hope this helps ~~
TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.