You are viewing a single comment's thread from:
RE: The Happy Trader episode #6.. What do you do if you see a storm coming? Avoiding storms and preserving your capital is key.
Your vids are getting semi-automatice upvotes from me. It's only 1 cent at a time, but hope this will grow over time.
Question: You talk mostly about panics/bounces, do you only trade on those? Are there ways in which you can foresee a panic-sell coming? As a total beginner, I'd appreciate it if you could go slightly more into the nuts and bolts.
Keep up the good work!
Thanks again for your vote and support.. Yeah i really only trade panics. Its just such a predictable pattern, and therefore I rarely ever lose. There are many breakout traders out there, but I have found that to be very dangerous. So many times a breakout fails and crashes and results in a huge loss because you totally bought the top of the chart, expecting it to go higher.. and often it does go higher, but when it doesnt, ouch.. So i stick with the easy trades, panic bounces. And I have never found a way to predict these, as the reason for them changes with every panic. Often its news related, but sometimes its a rumor, or just the result of a momentary lack of bid support.
Thanks for the reply. I can see how that works. How do you signal panics? i.e. how do you keep track of many different currencies/stocks? Are there alerts? Do you set automatic buys at certain (what?) points? Sorry for all the questions, but these are things that I bump up against.