Hi Treggs,
Great logic and advice there!
Im not sure if this has been mentioned prior but here are some additional methods i use when trading :
1. With any potential share i take a holistic approach both technically and fundamentally. I like looking at where the particular index is for a particular share. I take a very cautious approach to purchasing if its nearing a support or resistance level and will always wait to see if the support / resistance holds.
2. I also look at the asx200 index again for the same reasons in #1
3. After many years of technical trading i have reduced my unprofitable trades on a number of occasions by taking into consideration the most common US and Australian announcements that can have a high impact on share markets ( eg : unemployment figures, inflation rate, consumer confidence etc etc )
If one of these market influencing announcements are near then i have a wait and see approach. It's amazing how much damage to ones trades these announcements can do if they fall outside the range of what economists have predicted...
I just hope this may help some people in regards to how they trade as i have benefited considerably via the amazing amount of valuable information from those who have unselfishly given input into this thread over the years.
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Hi Treggs,Great logic and advice there!Im not sure if this has...
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