RE: The Happy Trader episode #6.. What do you do if you see a storm coming? Avoiding storms and preserving your capital is key.

You are viewing a single comment's thread from:

The Happy Trader episode #6.. What do you do if you see a storm coming? Avoiding storms and preserving your capital is key.

in money •  8 years ago 

Thanks again for your vote and support.. Yeah i really only trade panics. Its just such a predictable pattern, and therefore I rarely ever lose. There are many breakout traders out there, but I have found that to be very dangerous. So many times a breakout fails and crashes and results in a huge loss because you totally bought the top of the chart, expecting it to go higher.. and often it does go higher, but when it doesnt, ouch.. So i stick with the easy trades, panic bounces. And I have never found a way to predict these, as the reason for them changes with every panic. Often its news related, but sometimes its a rumor, or just the result of a momentary lack of bid support.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Thanks for the reply. I can see how that works. How do you signal panics? i.e. how do you keep track of many different currencies/stocks? Are there alerts? Do you set automatic buys at certain (what?) points? Sorry for all the questions, but these are things that I bump up against.