30+yrs Biz Exp.
"Never over-estimate someone else's intelligence & under-estimate your own" ~ "The prudent mariner never relies solely on 1 aid to navigation"
~ "Rarely get what you want, almost always what you Picture & Dream/never quit!
Entrepreneur, former hedge fund manager, active independent trader, trading mostly US equity mkt via stocks, ETFs and options, following closely the syndicate calendar for IPOs and secondary deals. Frenchman. Active in markets for more than 15 years.
Tom Aspray, professional trader and analyst, is a senior editor for MoneyShow.com. He has been writing about the financial markets for over 30 years and is considered a pioneer in computerized technical analysis.
detecting an imbalance results in a call
closing your position. Prices will average out!. Therefore :
+ BUY (far) ABOVE the given level
+ SELL (far) BELOW the injurious level.
The lifetime of the level is up to severall days.
Trend Trading with Multiple Time Frames. ((Price)) is the True indicator, VWAP, MACD, Volume and TA can always help. Charts are good to set Targets, But ((Price)) only pays. So be flexible that charts can change patterns.
Day Trading: Realistic expectations must be established with the knowledge that profits will add up over the long term if you stick with your system. When you start getting greedy, that's when issues arise.