I wouldn't rely on that "3 day trading method" FWIW
You can't trade effectively having "rules" which is what thats doing. You have to have the freedom/ability to trade on the fly using the "relationship" you get with the stocks you follow. If you're not able to watch your streamer the majority of the day, then you need to come up with set ranges and place your limit orders.
Feel free to ask if you want any help with entry/exit points as everyone on here is very good at it IMO
3 comments:
Joe said "Feel free to ask if you want any help with entry/exit points as everyone on here is very good at it IMO"
Hey speak for yourself. ;-) If I was doing really good, I wouldn't be down 10% this past week. Instead I would have sold everything on 3/17 and rebought on 3/20. But hey I'm still up 15% from where I started in December.
So, do you think SKF will be going any lower or is this a pre-market buy? I have a feeling another shoe or two is going to be dropping soon.
Uh - oh!
What do you guys think of Clive Maund over at 321gold? He's just posted a pretty scary analysis for gold traders.
http://www.321gold.com/editorials/maund/maund033108.html
Swattsup,
I may be wrong, but I just dont see a bear market occurring in commodities. Think one word. Energy.
In my thinking, there are two areas that drive prices for the consumer more than anything else. One is the price of oil...the second is the price of health care.
Forget health care for a moment as its cause/effect issues dont really touch commodities. Oil does though.
Keep in mind, I am a Puplava disciple when it comes to energy, so I may be tainted, but I dont see us finding and producing anymore oil of consequence. I also dont see anyone needing any less oil. I am also not so egotistical as to think recession here will crush oil.
That is just the supply demand portion and nothing with the dollar.
The only thing I am scared of with our gold trading is fed manipulation of the system in some new hairbrained (illegal) way that makes everything rosy while somehow raising interest rates. I dont see how they can...but they never seem to amaze me.
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