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!
Hedge funds, portfolio management, active trader, trading mostly US equity mkt via stocks, ETF & options, following closely syndicate calendar for IPOs & secondary deals. Pattern recognition human. 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.
DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
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 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.