bdollar20
Thanks but allow me to say right up front you already have one of the best teachers…GW.
If you have his CD’s I highly recommend listening to them until you get sick of hearing his voice and then put them aside for a week or so and then begin listening again.
GW says start with 3 stocks. Learn those. I started with 5. Some of those I no longer trade because well they are no longer a business (KMART for example) and some I just didn’t like them after I virtual/real money traded them. I am always trying techniques using GW’s info first and then something I learned.
There were a few rules I broke of GW’s. One was not to move on reading anything until you understand Martin Pring. I couldn’t get through the CD for longer than 15 minutes before I would start to fall asleep. Apparently I needed someone to yell at me! I never read that book or listened to the CD but I searched for other information on technicals. I looked all over…repeat all over the net for information. I really liked investopedia.com and still use it today.
I stumbled across TAD at Barnes and Noble while looking at other Tech books not on GW’s list. This was before I realized that what was more important was to get my brain around trading with real money.
All I can say is remember GW’s classes are based around earnings and stock splits, remember GW’s classes are based around earnings and stock splits, I repeat…. remember GW’s classes are based around earnings and stock splits. I’d say you are in the right place for at least one of those styles!
Today for example if you look at Dashboard… "Trading the Evidence"…you’ll see CRM was down going into earnings and according to GW you do not trade earnings without calling the company. HOWEVER after a company reports earnings look at their chart. RTT showed CRM down up to earnings however after reporting CRM had a huge pop, a real nice gap. I looked up CRM onBriefing.com, got the info on their report, looked at the chart and got in. In 15 minutes I made almost $960.00.
I mean it was a HRFP on the 55, and 21 and my ADX line is telling me the trend is strong and if my S/O’s moving average charts read a trade (he has a 10 and 21). Considering most of my trades last 15 minutes to maybe an hour or two I sit and watch the chart. I look at the daily to see where my stock stands on the chart. I use to buy and hold…I do not anymore. It is a different market right now IMHO. Hanging on would be like AAPL…..which is down…down… down. I looked at the April Puts yesterday for AAPL and they exceeded $20.00. I really usually only invest $3,000.00.
My suggestion keep practicing, trade the evidence, look all over the net for information but remember It really is an art thing. The hardest thing is pulling that trigger.
Edited 2 time(s). Last edit at 03/01/2013 06:45PM by Darcy.
