FB Daily Chart ~ Another Look at a Basic Setting
Post# of 2559
Everyone knows FaceBook. Do you think you can more easily trade the stock putting to use some basic indicators as seen on the chart below. Once you master the FullSto, MACD, RSI, and Bollie Bands, it really isn't all that difficult. I was asked about options. Yes, I use them. Be warned, they are not for beginners. If a stock goes against you, which happens due to unforeseen news events and other unexpected items, you can lose a lot in a very quick timeframe. But if you exercise patience and discipline while waiting for calculated entries and exits, you can do extremely well. If you prefer a bit more sanity than options but would like to increase your leverage, there's always margining one's position thru the use of margin. Again, if you don't have at least some good investing experience, be careful. Learn to chart, learn the technicals, and the swings below can be traded well. Multi day/week swing trading, not day trading. Day trading, for what it's worth, is an almost guaranteed way to lose most all of your capital over a relatively short period, especially in the OTC. May I suggest simply taking a trip to Las Vegas. You'll have more fun pissing away your money there as you'll still being able to catch a great show. GLTA