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gchill888 Private ID: 71363394
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    My favorite feature is real time quotes. Not 15 minutes delayed quotes that many platforms have.
    I am influenced by data, not by opinions. I hope that others will be influenced by data also. I admit that learning to read the relevant data in the stock market is an art form as much as a science. But that being said, if the data shows favorable and the timing is favorable, I can invest confidently and if the data becomes unfavorable I can sell confidently. I can be wrong and have been wrong but I am right more often than not. I try not to hold on to losers and let my winners run long.  Cut lo...
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    Until the Federal reserve reverses the tightening policy the market will continue in a trading range. Short term rallies followed by sell offs. Once inflation is brought into fed's goals, then the fed will ease up on fed funds rate and the stock market will go into a huge bull market again. An old stock market axiom is "Don't fight the Fed". Nobody can predict the bottom. Fed policy for the next year or so is determined to bring inflation under control. Incremental fed funds rate increases equal...
    Motives
    You must examine the motives of the person writing the news article. I seldom trade the news. Most of the time the news article comes out after a significant move has occurred. Ask yourself has this person invested in that stock and is now offloading it. This is called "The greater fool theory". The person buying at the top gets stuck with a stock that is going down in value. This was common in many of the so called "Meme" stocks. By the time the news outlets produced the story on Gamest...
    Not following a stop loss plan when the stock price started falling. Lost 85 % of my profits for the year by holding options until expiration. Lesson learned, have a plan going in, purchase price, target price, and stop loss before executing a trade, and most importantly, stick to the plan.
    There has been a great deal of pent up demand after covid isolation.  Will that demand continue? Probably through the year end. The stock market is forward looking. Even  though prices on the Nasdaq and S+P are higher volume is not. I think a great deal of tax loss selliing will occur  towards year end as the big players go to cash. the S+P is propped up by 10 or so large stocks that have a weighting of well over 60% of the index. Most of the small and mid caps have not done as well. If one of these large caps gets the flu, so to speak, we will see a correction.  It's an unusual situation for sure. Many new investors have not seen a bear market. Munger has seen many, and so I would be cautious about betting the farm. Pull some money into cash and be prepared,  the market doesn't have to go up in a straight  line.  If you are a long term investor it shouldn't matter, the market has always managed to go up. The story is not the same for individual stocks. Many go broke when expectations are not met in a bear market.
    Have a consistent executable plan. Learn and develop chart reading skills. Learn how to identify up trends and down trends, both can make money. Avoid ranging markets, up one day down the next. Have a clear entry point, stop loss, and target before entering a trade with at least a 2 to 1 ratio for target gain vs loss. Remember there will be small up and downs in a trend, don't sell a position as a knee jerk reaction to a minor move, chart reading skills will help here. even if you only have 50 % winning trades this strategy will make profits and take emotions out of the equation.
    First you have to identify the type of trader you are. The indicators that work for a scalper or day trader may be very different than the indicators that will be useful for a swing trader or buy and hold trader. I'm a swing trader. I use the 200 day simple moving average to indicate bullish or bearish trend. If price is still above 200 dma the trend is bullish if price is below the trend is bearish. I like using 10 or 12 period rsi for entries. if price is above 200 dma and rsi is less than 30 and there is no apparent reason for the low valuation,i.e. no bad news, disappointing earnings,  etc. it's time to place a buy. I caution you to take rsi for what it is, a momentum indicator.  just because a stocks rsi is above 70 doesn't mean  that you should take a short position.  The rsi can stay above 70 for a long time with hot stocks and you can miss out on the strongest movers with such tactics. ...
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