Day Trader’s Aftermarket Lounge 2 June 2020, page-56

  1. 3,625 Posts.
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    That is a nice rise on your chart @mirren . Looks like it could go that high due to the massive RSI pullback just prior . It could go a long way without getting overbought .Hope you made some good money on it .

    I am jumping in and out of shares a lot more these days - Can't ignore a good sell signal . I have finally learnt - by the habit of ignoring them too many times .It doesn't matter if that share is going to the moon , if you get a sell signal then sell. Sell signals will happen on very bullish charts also . Even on bullish charts, I am going to sell, and wait for a buy signal. - If I miss it - oh well - next chart . Finally making some ground with the FOMO. I think it comes down to trusting your sell signals, or working them till you can trust them. They are your protection especially on bullish charts - where the pullbacks will be severe. You have to work out your time frames with sell signals however. You want to look for tops rather than pullbacks , on a small time frame . And sell signals on the largest time frames may get you selling too soon, as the top can take a while to play out . Lots to learn.

    So like you are saying , it is good to have some charts that you trust - so you can trade them .I would have to learn some FA - to get some good companies . eek.png That's not going to happen in a hurry . Time poor . Although I am stuck in a few supsended shares .

    I follow the lithium EFT . May need a pullback soon to close the gap below
    https://www.tradingview.com/symbols/AMEX-LIT/

    The most expensive shares that I have traded are GSS, (which I am in now) and MSB . They have been good to trade . These trades weren't from the bottoms, but from way up high eek.png

 
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