Hello jjconnor77 IMO, the best way to accumulat
Post# of 56324
Posted On: 07/25/2014 1:33:01 PM
Re: jjconnor77 #33478
Hello jjconnor77
IMO, the best way to accumulate (I tend to stay away from day trading) is to trade within trend ranges.It takes discipline but you can maximize success by making a game plan and sticking with it. The key here is getting to know technical analysis because that is how to identify short and long term trends and entry and exit points.
Learning to identify entry and exit points is a bit more complex in that you need to use a number of studies and indicators as well as fully understand candlesticks and patterns, confirmations, etc.,
If you are serious about trading and need to better understand the above I highly recommend claytrader.com. He does charge for his robotictrading training but it would be the best money you ever spent. I really do mean that. Also, I do not get compensated in any way by claytrader and am not affiliated with him in any way. I just am a big supporter when it comes to education and his materials are excellent.
Also, when doing trades, I first do my TA then use 2 different levels of trading (1) long term - this is when I will (with confirmation) take profits off the table and set 70% of profits for my buy limit order just over the bottom of the trend. I generally reserve 30% of profits to trade off bounces and when I have used up the 30% I wait for my long term plays to execute.
The key here is understanding technical analysis.
IMO, the best way to accumulate (I tend to stay away from day trading) is to trade within trend ranges.It takes discipline but you can maximize success by making a game plan and sticking with it. The key here is getting to know technical analysis because that is how to identify short and long term trends and entry and exit points.
Learning to identify entry and exit points is a bit more complex in that you need to use a number of studies and indicators as well as fully understand candlesticks and patterns, confirmations, etc.,
If you are serious about trading and need to better understand the above I highly recommend claytrader.com. He does charge for his robotictrading training but it would be the best money you ever spent. I really do mean that. Also, I do not get compensated in any way by claytrader and am not affiliated with him in any way. I just am a big supporter when it comes to education and his materials are excellent.
Also, when doing trades, I first do my TA then use 2 different levels of trading (1) long term - this is when I will (with confirmation) take profits off the table and set 70% of profits for my buy limit order just over the bottom of the trend. I generally reserve 30% of profits to trade off bounces and when I have used up the 30% I wait for my long term plays to execute.
The key here is understanding technical analysis.
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