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-.
im 36. used to b stockbroker. have dversified portfolio, of all timeframes, disciplines, sectors & markets. intra-day, i play textbook & higest-quality technical & fundamental set-ups. i look for 3:1 Risk/Reward. stocks $10+, 500k+ daily volume.
I'm in it to make money. Not a bear, not a bull. More fun in bear plays, more money more often in bull plays. The news is interesting, but never trade it. Price is funny and highly deceptive. Patience is my weakness - I'm better when I have it.
Mr. Hoffman is the creator of High Definition Risk Maps, powered by NakedSwanTrading.com: 16 years analyzing Human Market Perceptions of Risk, Fear and Greed;
Stay in the Loop: http://nakedswantrading.com/signup/signup.html
Walked away from a 20 yr career n Engineering, Marketing & Sales n '06 to trade full-time on own account. Specializing n discovering themes, leveraging thru the Stock MKT and riding as long as the cash register is ringing. Thus, the name TrendRida.
I am 35 year old trader using TC2000 custom scans, technical analysis, and some fundamental data (namely earnings) to find fast-moving stocks to go long or short. Please check out my website www.chartswingtrader.com
Co-Founder and Chairman of Stocktwits, Founder of Wallstrip (Acquired by CBS), Managing Member of Lindzon Capital Partners (Hedge Fund) & Managing Member of Social Leverage (an early stage web holding company) ...I have lot's of ideas. Toronto boy.
Read the fucking book.
6500 noise makers blocked and growing - U could be next.
PS: I twit my losses because I can.
Book: Reminiscences of a Stock Operator .
My twits are my opinion, not advice. I am often wrong and I love it.