Re: Bear Cave 2 (Bull Allowed)
Some good comments at the link below about trend trading. I follow my system, and sometimes it's very hard to do. I "DO NOT" buy a market trending down and below the 10 DMA.... Especially when it's below the 50 DMA too. I do sometimes VST trade very oversold markets, but that is much different then trend trading.... I have his service, but don't take his trades because my system buys and sells using the daily 10 DMA and his waits longer. ( which is good for investors) I keep his service because it is cheap and it works well my my system. I don't mind paying for advice. Tom does a very good job here providing data at a good price. Just remember that in the end we must all be responsible for our trades. Years ago I would blame others, but now I just follow my system. , I still have a few paid services and use them to look for clues of the next trend change "BEFORE" it happens.... Some indicators out there are tells... However, in the end I just trade the trend.
Beliefs of Successful Market Timers
Successful market timers, meaning profitable market timers, have several common beliefs that help them achieve consistent profits.
On the flip side of this, those who are unsuccessful also have a set of common beliefs.
It is a good idea to know which beliefs will help you to succeed, and which ones you may have, that need to be changed.
Beliefs of Successful Market Timers
1. I will not jump into a trade before or after a signal just so that I can be participating.
2. I recognize that discipline is not a concept, it is an absolute necessity. The markets have a way of removing money from undisciplined market timers.
3. I realize that what happens today, this week, or even this month, is not what is important. What "is" important is my success over time.
4. I realize that losses are part of trading. No strategy is without losses.
5. I accept that sometimes my investments will under perform the market, knowing that over time, they will outperform the market.
6. I know that following a timing strategy through good times and bad are what will make me successful.
7. I can follow a strategy for the long haul and stick with it, even when at times it is discouraging.
8. I accept that following a timing strategy will require me to make frequent trades that may seem like mistakes. A string of small losses will not make me quit.
https://www.fibtimer.com/about/prior_commentaries.asp
Last edited by robo; 11-06-2019 at 10:04 AM.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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