I take positions where I see a 5-10 point gain in the near term. I move quickly and cut losses fast. 7% loss is general rule. 25% gain is general target. Contrarian sometimes-Trender sometimes. Take what the market gives. Always learning.
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.
Vice President for the American Association of Individual Investors and AAII Journal Editor. Speaker, WSJ Expert Panelist, regular guest on Your MoneyLife (@MoneyLifeShow), author of Better Good than Lucky, and KU alum.