trend follower (mainly monthly entries/exits)...hunt big trends...mma, working out...best advice i've gleaned..."an opinion is not a position; a position is not an opinion", @peterlbrandt (5/3/11 in a blog post)
Invested $400k in stocks in 2012 and held.Now worth over $1 million. Did not obsess about market, slept well, traveled, and kept daily focus on making world a better place. Trying to learn trading for greater gains, but not make $$ my purpose in life
I enjoy reading the tape for what it says. Price, volume, and time are the only variables that matter. Indicators like RSI, MACD, Stochastic Oscillators, Bollinger Bands are based on past price action and are therefore lagging and often misleading
Pro. use technical analysis to look for stocks w/ short-term price momentum. Not interested in fundamental or intrinsic value of stocks, but rather in their trends and patterns.
*Note: In this Economy-.
Veteran trader, CIO of Waverly Advisors, and author of The Art and Science of Technical Analysis (2012). Perspectives on financial markets, the process of learning to trade, risk, peak performance, and life.