Strategy for 2015: Find SOLID companies with HIGH short interest that are BREAKING OUT TO NEW HIGHS (No overhead resistance).
Setups should also have good defined risk zone where I can place a STOP LOSS (to manage risk)
Following Elliott Waves fits my trading style. I prefer to buy corrections after what in Elliott terms is called an impulsive rally speculating on the possibility of market to continue in the direction of the impulsive move.
Trading the stock market for more than 20 years using technical analysis. Mostly swing trade and position trade. For live commentary and chart postings during US trading hours, follow me at twitter @smtraderCA ( https://twitter.com/smtraderCA )
Day Trading: Realistic expectations must be established understanding that consistent profits will add up over the long term. Having the discipline to stick to your strategy is key. Compounding 5-10% returns several times a week will amass wealth.
Former NYSE Floor Traders offering Premium REAL TIME trade alerts & technical analysis on equities, made in our own accounts & sent to members in real time
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