I'm a trader who avoids the noise, manages risk, using weekly bars. I offer no predictions, only serious long term trades. What else is there?
A careful examination of my list of losing and winning trades tells the complete story.
I manage risk. A funny thing has happened along my journey: I don't care when I'm wrong anymore.. I simply bail as fast as possible. Controlled, selective and dynamic AGGRESSION is my key to $$$! Please know I DROP LOSING positions IMMEDIATELY.
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.
Dave Fry is founder and publisher of ETF Digest, contributor to MarketWatch and best selling author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management published by Wiley Finance in 2008.