Three trading rules:
1) you cannot influence the market
2) you cannot predict the future
3) it takes days of research, and a lot of patient to make one trade. The moment that your idea is wrong, get out of the trade immediately
Co-Founder and Chairman of Stocktwits, Founder of Wallstrip (Acquired by CBS), Managing Member of Lindzon Capital Partners (Hedge Fund) & Managing Member of Social Leverage (an early stage web holding company) ...I have lot's of ideas. Toronto boy.
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
I'm in it to make money. Not a bear, not a bull. More fun in bear plays, more money more often in bull plays. The news is interesting, but never trade it. Price is funny and highly deceptive. Patience is my weakness - I'm better when I have it.
Expose yourself to quality setups and you can make money in any market. Be early to locate relative strength, then exit when things get heated. Shorts are also okay. Find weak stocks and position yourself for continuation.
Michael Boutros has been an active trader since 2005 with years of experience on FX Trade Desks. He is Co-Founder of SB Trade Desk and Currency Strategist at Forex Capital Markets, DailyFX- Risk Disclaimer: http://goo.gl/CR5SFz