Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do you avoid buying a symbol if the general market indicators don look right on a particular day, even if the above conditions are all true?

0
Posted

Do you avoid buying a symbol if the general market indicators don look right on a particular day, even if the above conditions are all true?

0

In my experience, I have given away profits many times by not following the system, simply because in my arrogance, I thought I knew better. I strive to avoid such mistakes now. As a result, if the system says long when the market is tanking, I enter long, and if the system says short when the overall market makes a new high, I follow the system and short. I strongly the background material posted at the beginning of the first Journal (linked above). The URL’s provided contain a wealth of information helpful to understanding the nuances involved with trading this system.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123