I've been "retooling" so to speak. In my trading (and I may have alluded to this in some of my comments on your blog) I have been struggling with trade execution - that is, the actual buying and selling of positions. Charting and trend line and price and volume analysis appealed to me on many levels (especially an aesthetic level) and they produced pretty pictures, but the resulting lines and understanding gained didn't and hasn't necessarily translated into a plan, at least for me, about getting into a position, having it go my way, and then getting out with profit. That being said, reading your blog and applying some charting analysis that has proved useful has inspired me to dabble with going long, and it has been going well so far. I see the logic and power in your double trouble and EP identification methods. There is no need for someone like me to reinvent the wheel. The art and challenge for me then comes into designing methods for piciing the which stocks to enter positions, when and how to enter those positions, and when to exit those positions. That's what i have been working on. And so I hav e been taking a break from this, but i am not abandoning it.
2 comments:
When is the trend of your post going to go up?
Pradeep,
I've been "retooling" so to speak. In my trading (and I may have alluded to this in some of my comments on your blog) I have been struggling with trade execution - that is, the actual buying and selling of positions. Charting and trend line and price and volume analysis appealed to me on many levels (especially an aesthetic level) and they produced pretty pictures, but the resulting lines and understanding gained didn't and hasn't necessarily translated into a plan, at least for me, about getting into a position, having it go my way, and then getting out with profit. That being said, reading your blog and applying some charting analysis that has proved useful has inspired me to dabble with going long, and it has been going well so far. I see the logic and power in your double trouble and EP identification methods. There is no need for someone like me to reinvent the wheel. The art and challenge for me then comes into designing methods for piciing the which stocks to enter positions, when and how to enter those positions, and when to exit those positions. That's what i have been working on. And so I hav e been taking a break from this, but i am not abandoning it.
Thanks for asking!
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