Evening all - good discussion
What I have learned is that charting and VSA are the most helpful tools for Dting and any trading for that matter - a good understanding of a range of different sectors and their fundamentals is also helpful -
If you look through scans and can identify setups and or what will likely happen as a runner plays out- it is really the only strategy - put a lot of time into learning charts and going back to analyse how trades play out -
Anything else is a guessing competition - that probably won't end well -
Things that go up come down - no surprise there - they do that a lot of times - anticipation the most logical moves is possible - you can't always get it right but - today when things are getting dumped - perhaps look at the support and resistance zones so you can get on the right side of what is actually going on in the trade --
Things that break out have a rhythm - they break test resistance go back test support - get shaken out and then get pushed again - you have to learn the moves - they don't usually do things in the same order either - that is the hard bit -
Ok three in tonight's three day 10% scan are software services -
Another three are healthcare and equipment
so there is a theme - or two happening
RHT
RHT- daily - looks like it has absorbed the initial supply - might have another go -
YOJ-
3DP- might go up - a bit more but will need to pull back and retest imo -
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ISX- this was a market darling a few years back - If I am remembering correctly
These last three have come off varying bases - all require investigation
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- DTers Aftermarket Lounge - 31 Oct
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