I'm not very technical I don't use a lot of charts I started...
I'm not very technical I don't use a lot of charts I started implementing them after a while but at first all I did was momentum tradeing and all you doing you're looking for a solid company and they had a hard sell off but didn't break that last support they settled on support long as they don't break it you buy that bottom look for quick bounce and get out it's a very well-known trick a lot of pros use it and it works 90% of the time you just got to make sure they don't break that last support they settle above the supportwe'll go over some more later I just want to give you all something to think about cuz I work I use this on a daily basis it definitely does work long as you implement your trades right you said you stop losses take profits it'll work about 90% of the time until you get more educated about the different ways you can trade
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Trader-101OP : if you try this type of trading it's well-known but you don't make huge gains all the time sometimes you do but you looking for 3 to 4% bounce that's it
Mwey : HMM I WILLING TO SET SL BUT WAS NOT SUCCESSIVE WITH IT IN TOS SO I JUST GAUGE ON THE AMOUNT I'M WILLING TO LOSE IF THE TRADE GOES AGAINST ME. Trying a bad way to do it but if you or feeling willing to share how to set up so in TOS, I'd hate it. last time I set it using “mark” it stopped me out of the trade, didn't know what There and YouTube on SL for Toshaven't Found One That's Feeling.
Easy to set it in tradestation there KnowledgeIsPower? Thanks so much for the tip!
LIVE2LEARN : Yeah, I've been trying this; I've been setting my profit margins too high.