- Rank: 16
- Followers: 80
- Votes: 787
- Years Member: 11
- Last Update: 22 September 2020, 17:30
General Market Commentary
9/20 Sun > Rolling, rolling, rolling..... Yes rolling good chart indicators with repeat patterns are what is needed to trade the markets. I"m not taking about stocks such as AMZN AAPL or NFLX, but such rolling patterns as that like FCEL. Check out the charts of FCEL (rolling indicators with tradeable patterns). Trade charts with good rolling repeat indicator patterns do no put one on a stress trip, yet open the doors to successful trading, using price stops...
For those who have followed me for a year: My $INDU chart called and showed the exact market top on Feb 21 and from that day on, I lost over 35 follows. Another market top again on Sept 3 ? How many other authors here on SC have done the same? The $INDU is up over 9,000 points since March 23rd....
Ratings here dont mean much, but good charts do. Trade well my friend.
Trading up for 10% each week can be quit a task... What say you?
My stops are set at 2 to 3 percent below price and moved up daily if the price moves up. I have read that some set stops at 7 to 10 percent. Why would anyone take that risk?
July 2020 > Making money in the markets is not easy without discipline and patience. The chart of Trade - BCRX - Weekly 20 Yr Area, 1024 is the chart of the decade excluding AMZN and AAPL.
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
Wealth is good, health is better, God is Great!
For I know the plans I have for you declares the Lord:
plans to prosper you and not to harm you, plans to give you hope and a future.
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