Market psychology is a primary to me.
I look at the charts as a secondary and only to help me better understand the market psychology.
If bulls/bears claim to be 100% right, I'll probably bet against them, given the business model.
Trendfollower Trader (independent), senior contributor for TheStreet.com & Stockpickr.com. Chart reading junkie. Give me a catalyst - http://www.thestreet.com/author/1186621/RobertoPedone/all.html
A Day and Swing trader that profits off people's fear by buying that Dead Cat Bounce after the sell-offs. Plus, I go long on a few breakout plays as well. Do your own DD on any stocks I mention on my blog/tweets.
• To Conquer FEAR is the Beginning of WISDOM •. Do NOT Confuse Motion with Productivity <Think Global / Trade Local>
Disclaimer: TAOD = Trade at your Own Discretion / DOGMA Kills / I am NOT your ClueLess Advisor !
I'm a prop trader who mostly trades breakout patterns and momentum. I will either scalp, scale in intra-day, or will build a position for days anticipating a big move. Love volume. Love under $20 stocks.
70% Options Trader and 30% Swing trader. Here to share ideas and meet some great people.
My favorite strategies.
1. Throw hope out the window and trade to a plan.
2. Follow the volume in and follow the volume out.
3. Respect stops.