I enjoy reading the tape for what it says. Price, volume, and time are the only variables that matter. Indicators like RSI, MACD, Stochastic Oscillators, Bollinger Bands are based on past price action and are therefore lagging and often misleading
Trading coach, stock index trader, author, blogger, five kids, six grandkids, and four rescue cats. I have a special interest in the integration of quantitative and discretionary approaches to trading.
I'm a Big Gain Hunter. I go for pure momentum. I target powerful breakouts. I've opened up my trade journal to show how I do it. It explains my entries. My wins, my losses.
Education of a Speculator:
I use the Darvas Box system from the book "How I made $2 Million in the market" by Nicolas Darvas with a few modifications for modern times. Great system with defined risks, verified track record. Rule #1: don't lose money. God bless America
Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading Inc., a Maui, Hawaii-based stock market advisory service. Hayes has been/is a contributor to Telechart as Sir Aloha, Realmoney.com, SeekingAlpha.com
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Ideas & Analysis are personal opinion and not investment advice.