Trading, like life, requires us to measure things in probabilities. Among the signals of building or slowing momentum that you focus on, which ones offer the highest likelihood of reversal?
bct - well, a trader needs to balance all inputs. When a 15 minute doji appears it is a very clear signal of trend reversal so I virtually always trade them that way. But it's not so much which signal has the highest likelihood, rather it is a preponderance of evidence or signals that are more or less saying the same thing. That is when I make the trade.
Hey great trades, i had a couple questions after reading some posts. Would you consider you style for entering new trades discretionary or systematic? Do you have a set number of trades you limit yourself to each day or just take them as they come? Also, do you stick to a basket of the same stocks or are you continually looking for new stocks?
SF- ny trades are both discretionary and system based but all revolve around momentum. I don't have a set number of trades as the days action will tell me what to do. I trade familiar stocks on my watchlist and always look for others when the watchlist lose momentum. I don't try to categorize what I do or how I do it like the questions you ask. I take it as it comes and trade it like it tells me too. Long, short, push it or not it doesn't matter, I only do what the market conditions tell me it right to do.
short TSL
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Trading, like life, requires us to measure things in probabilities. Among the signals of building or slowing momentum that you focus on, which ones offer the highest likelihood of reversal?
bct - well, a trader needs to balance all inputs. When a 15 minute doji appears it is a very clear signal of trend reversal so I virtually always trade them that way. But it's not so much which signal has the highest likelihood, rather it is a preponderance of evidence or signals that are more or less saying the same thing. That is when I make the trade.
I had a feeling you'd say that! :-) BTW, nice scar!
Hey great trades, i had a couple questions after reading some posts. Would you consider you style for entering new trades discretionary or systematic? Do you have a set number of trades you limit yourself to each day or just take them as they come? Also, do you stick to a basket of the same stocks or are you continually looking for new stocks?
SF- ny trades are both discretionary and system based but all revolve around momentum.
I don't have a set number of trades as the days action will tell me what to do.
I trade familiar stocks on my watchlist and always look for others when the watchlist lose momentum.
I don't try to categorize what I do or how I do it like the questions you ask. I take it as it comes and trade it like it tells me too. Long, short, push it or not it doesn't matter, I only do what the market conditions tell me it right to do.
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