carolynandjoel
30 posts
msg #36852
- Ignore carolynandjoel |
7/11/2005 10:21:08 PM
Dear Fetchers,
I am totally new to this site (thanks to GLGene for telling me about it). However, I have a major problem with trading the market. That is, I never know when to get in. I read that one must trade WITH the market. But when the market goes up, I always think it is near its top. When it goes down, I assume it will go down more.
The question: Do you folks worry about the overall market or do you just trade what you screen on StockFetcher?
Thank you, Carolyn
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BigOh
23 posts
msg #36853
- Ignore BigOh |
7/11/2005 10:35:35 PM
Are you trading the market or a stock?
Each and every stock in the market has different people playing the "other side" or your trade. I would select your picks, follow your rules and generally watch the market for a general mood. When people are buying your picks (long) will usually go up much faster and the same holds true when people are selling. I use the general direction and attitude of the market to help me in determining whether to be aggressive or hold back some.
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TheRumpledOne
6,411 posts
msg #36871
- Ignore TheRumpledOne |
7/12/2005 1:25:48 PM
If you understand support and resistance then check out my BATTLELINES filter post.
This further divides the area between the lines into a "gridiron" aka football field and allows you to know who has the ball.
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