This video provides end of day technical analysis of the US stock market via SPY, QQQ, /ES & the market-leading FAAMGs stocks.
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Stock Market Technical Analysis 5-16-19
Home » Blog » Market Analysis (all categories) » Equity Market Analysis » Stock Market Technical Analysis 5-16-19
sorry but my analog bull (edit/censored by admin) meter went off the rsots (right side of the scale) on the scaling in part. jesse livermore also went broke how many times? i scale in as price moves against me if i think i have a good level. if i dont think i have a good level, i would not have entered. i never scale in on the way toward my target. it simply dilutes your entry price and increases risk of loss if price reverses. just a difference in trading style.
Comment edited. As per the Terms & Conditions of the site, please refrain from using profanity on the site: https://rightsideofthechart.com/policies-terms/ I certainly respect different trading styles. You might also want to watch recent videos in which I stated numerous times a pre-determined trading plan to scale in at that scale-in zone up to but not above those levels. To your strategy of waiting to enter a trade at a specific price target & then only scaling in if price moves against you (which is contrary to the preferred strategy of most experienced/professional traders that prefer to add as a position… Read more »
sorry about the profanity. thought i have been substituting characters in the word but i missed that one. i did see that video and understand your scale in technique. it makes sense. not buying where you expect resistance and then buying after that resistance is broken and vise versa. i read those strategies everywhere: would not short until price is below blah blah. just seems odd to me to wait for a lower price to short when the goal is to short at the absolutely highest level to gain the maximum amount. definitely understand your position and strategy.