re: stock rotation cyw, you are so right... no breaks while you're in a trade... that pit stop can cost you dearly... keep your setups very simple... train yourself to interpret the market without indicators... a few lines at best.. mostly, have a plan for each trade even if its in your head and stick to it... only trade the high momentum moves.. get out if the market loses momentum... but all that means diddly unless you can control that screaming fear that you're about to give back your profits or lose heaps... about half the time the market comes back your way anyway.. and ... you can have about 80% winning trades but still not make much after brokerage...
when you get on top of all that... try position trading ...same leverage but across days... much more profitable if you're on right side of market... but...
we play a silly game of trying to pick the turning points in the market... its a losers game essentially but great challenge... eventually you face the fact that you have to get on top of some other challenges... position sizing... money management... maybe stops... not as much fun but essential to success longterm... actually trading the night spi is good training for those longer term positioning skills..because you'll be cleaned out if you try trading intrasession... good luck!
- Forums
- ASX - By Stock
- XJO
- any predictions for xjo today
any predictions for xjo today, page-38
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,982.4 |
Change
31.900(0.40%) |
Mkt cap ! n/a |
Open | High | Low |
7,950.5 | 7,991.8 | 7,950.5 |
Featured News
XJO (ASX) Chart |