I use tight stops, which I adjust daily. I let winners run, but take half off when my goals hit. I only trade from my watch list and if technicals are right. I try to avoid buying when overbought or outside channel.
I've learned the hard way...
Head of Community Development @ StockTwits. Evangelizing Social Communications for Investors, Traders, & Public Companies. Independent Options Trader. Short Gamma, Long Optimism. Hiking Enthusiast. Not in Chicago anymore.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m
Providing analysis of the currencies, precious metals and US indices to a wide audience, from day traders and fund managers through to institutional traders using technical analysis methods that are grounded in market balance.