Market psychology is a primary to me.
I look at the charts as a secondary and only to help me better understand the market psychology.
If bulls/bears claim to be 100% right, I'll probably bet against them, given the business model.
Day Trading Rules:
BUY:PPS closes abv 50SMA on all time frames down to 5min. Caution when longer time frames not above 50SMA. SELL:PPS closes below 50SMA on 5min chart. TRENDS:
50SMA abv 20SMA on 5min=BULL. 20SMA abv 50SMA on 5min=BEAR
Investment. Management at Presidiumcapital.com. Premium Service and free blog at Dragonflycap.com, Professional Stock and Option trader, long time finance guy - Stock loan, repo, swaps, options
Founder and CEO of Stocktwits, Founder of Wallstrip (Acquired by CBS), Managing Member of Lindzon Capital Partners (Hedge Fund) and Managing Member of Social Leverage (an early stage web holding company) ...I have lot's of ideas. Toronto boy.
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