Hey ATH
Nice commentary as usual -
This year has been busy for me outside of trading -actually have been organising my life to create passive income to support doing what I want - lols and looking after who I need to - so almost there - with all that -
During my own learning curve - I spent so much time on charting - over time I sort of boiled it down to - the charts work - however the speculative end of the market here in OZ is a funny game - there are a few runners a lot of days - and you can use charts for pullbacks and imo the rest is just a gamble trade -if you have no good knowledge of the stock in Question - lately rock chips lately have been great - however they are often pumps for CR ...And they end up in a nasty state as there is a long lead to fruition... so buyer beware stuff .
It becomes boring when there are so many egos - on the forum - attacking or just being here to argue - and for the last long while a lot lot of stocks have been on a nasty downtrend - - so there is no continuance of anything that was popular -
Just rock chip runners and out of the blue stuff - which of course you can trade - but hardly worth sitting on the computer to trade that sort of random stuff -
Finding the trades that will be good in the future is probably the key atm - and if you look at the STT thread - I haven't looked at that for ages - They used to be more about research- I think there are also a lack of ideas and a lack of good researchers around the threads in general - sometimes the best FA researchers don't say much there is no coherent co- operation or discussion in many places around here atm - I am trying to think which ones you liked and think- NMT was one of your holds not sure if I am correct - if not - just look at the carnage from the top - LT holders have been reamed - One can wonder why a lot of things that were decent just nosedived - not sure
The index trading became more interesting for me this year -
I found it to be more fluent and based more on macro - although that is like spec stocks also - sometimes nothing makes sense -
however the charts function like they should overall..it is easier to trade stuff that is not gunna go into TH for CR all the time so in the end is a lot more forgiving and skill based -
Thing is on here no one really puts up good ideas research or anything much to engage with so - why be the lone spend all your time for no value -
I still think there are a few who are ok out of the gate they trade what is active on the day = that is daytrading -
I am concerned with the western world currently - I think we are heading for a big kick up the A if we don't stop warring - Hard to imagine what will happen - if we are actually heading for a big comeuppance or not - The US elections are almost like watching a bad reality show -
Any how - I always thought my charts were quite simple and always tried to give a wider view of the overall to give context - lately I have been using bollinger bands for a sort of channel - thing is when anything is in downtrend is is bad until it turns - lot of downtrends across the board....
- Forums
- ASX - Day Trading
- Day traders' weekend lounge July 19 - 21
Day traders' weekend lounge July 19 - 21, page-55
-
- There are more pages in this discussion • 4 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
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online