Yep, I used to think the SMA's were the way to go. Looking at the info at the other site has that is tested, makes much more sense.
Caveat-->Many years ago I worked for UPS. They have methods to everything they do. Each method is timed and tested over 10.000 times(and that was in the late 70's), They knew what worked. EMAs seem to be the same thing. Love when there is extensive testing done and then the folks present WHY it works.
I've been away from trading for many years because my methods didn't work. I've been looking for folks that are smarter than me and give reasons why they do what they do.
Still looking for very positive indicators as to when to sell, but sometimes it's a personal choice.
The one interesting thing that came to me today to throw in the mix, and don't bash me for saying this, but I am semi retired and do flea markets. My specialty is fishing, hunting, and camping goods. I had a very wise trader in the industry tell me,"Only buy bulk"
In a way I am starting to see the market as the same thing.
For example, I have a modest amount of cash I just put into my account and my first thought was, "How many shares can I buy of company XYZ" as an example.It's going to go to $5. WRONG!!
But if I buy for example 10,000 shares o company XYZ priced at .01 will it go to .04? Heck that's a 400% gain. Starting to look at things much more conservatively and realistically. This is OTC, not NYSE LOL.
Today with some of your smarts, I changed that to,"If I buy XX number of shares and still have cash left over, what could that net?"
Kinda like buying bulk and still having cash left over if there is another stock to buy bulk and increase by whatever the mathematical goal is. Does that make sense?
For me anyway, it puts a limit on what to invest in any given trade.
Thanks for your common sense approach to this crazy world and making traders like me think tow or three times before taking a dive that could have shallow rocks at the bottom of the long dive.
Caveat-->Many years ago I worked for UPS. They have methods to everything they do. Each method is timed and tested over 10.000 times(and that was in the late 70's), They knew what worked. EMAs seem to be the same thing. Love when there is extensive testing done and then the folks present WHY it works.
I've been away from trading for many years because my methods didn't work. I've been looking for folks that are smarter than me and give reasons why they do what they do.
Still looking for very positive indicators as to when to sell, but sometimes it's a personal choice.
The one interesting thing that came to me today to throw in the mix, and don't bash me for saying this, but I am semi retired and do flea markets. My specialty is fishing, hunting, and camping goods. I had a very wise trader in the industry tell me,"Only buy bulk"
In a way I am starting to see the market as the same thing.
For example, I have a modest amount of cash I just put into my account and my first thought was, "How many shares can I buy of company XYZ" as an example.It's going to go to $5. WRONG!!
But if I buy for example 10,000 shares o company XYZ priced at .01 will it go to .04? Heck that's a 400% gain. Starting to look at things much more conservatively and realistically. This is OTC, not NYSE LOL.
Today with some of your smarts, I changed that to,"If I buy XX number of shares and still have cash left over, what could that net?"
Kinda like buying bulk and still having cash left over if there is another stock to buy bulk and increase by whatever the mathematical goal is. Does that make sense?
For me anyway, it puts a limit on what to invest in any given trade.
Thanks for your common sense approach to this crazy world and making traders like me think tow or three times before taking a dive that could have shallow rocks at the bottom of the long dive.
