Technical Analysis and Trading Psychology

[Guest]

For the traders out there ... 

Any thoughts or opinions on the subject are welcome. 

 

 

Edited September 17, 2019 by Guest
general topic change

[Douglas Buckland + 6,308]

I I toss chicken bones in the air and see how they fall. If results are questionable, I refer to the markings on an ancient tortoise shell I keep around for reference. If all else fails, I just roll the dice.

The results seem to be as accurate as those other systems you mentioned.

Well dammit, you asked!😂    

[Guest]

Haha, this was for actual traders, and I beg to differ.

That said, I may buy a tortoise and test one of your methods. 

 

[Zhong Lu + 845]

Instinct, from experience.  

The first rule of trading is not to "make money."  The first rule of trading is "to survive."   This sounds odd, but I'm perfectly happy with matching the S&P.  

If you survive long enough, chances will come up where you can make your boatloads (or buttloads.  Damn you Tom).  

Edited September 16, 2019 by Zhong Lu

[Guest]

Doesn't sound odd at all. I agree with all and yes that image has not helped

[Tom Kirkman + 8,860]

Oil Explodes 20% Higher, Biggest Jump On Record

Update (2100ET): Even the algos are confused at which way to push things...

Notice the extreme surge in volume as the machines fight with one another.

Here is the entire battles in context.

 

[canadas canadas + 136]

I am trying to understand if it is supply and/or demand that plays a role in crude oil market. I have noted that in the crude oil market that supply usually plays a big role given that prices are sensitive to the amounts available at any given time since demand is probably more constant here.

Edited September 16, 2019 by canadas canadas

[Tom Kirkman + 8,860]

21 minutes ago, canadas canadas said:

I am trying to understand if it is supply and/or demand that plays a role in crude oil market. I have noted that in the crude oil market that supply usually plays a big role given that prices are sensitive to the amounts available at any given time since demand is probably more constant here.

Seems to me that it is the oil traders that drive the oil markets, as much or more than supply and demand.

 

< ducks incoming bricks from oil traders >

[Zhong Lu + 845]

Stay the f- away from oil, both long and short.  The price action is shitty in both directions.  This is one of the times I'm glad I can't trade until morning.  

Edited September 16, 2019 by Zhong Lu

[Zhong Lu + 845]

Ok, buying 1000 shares UCO.  Not willing to commit more as it's news driven.  Went over 60 and held.  Low volatility once the US markets opened.  Seems good.  

EDIT: Ended up committing more to 2000 shares average 20.85 or so.    So far so good.  These green days where it's grinding up without volatility are easy to trade.  Will see.  

Edited September 16, 2019 by Zhong Lu

[Zhong Lu + 845]

Stopped out at price I entered in.  Disappointing. Oh well.  No money lost.  

[Guest]

On 9/16/2019 at 9:07 PM, Zhong Lu said:

No money lost.  

So, is it Zhong or Lu? And do you ever trade gold just out of interest?

[Zhong Lu + 845]

Either is fine.  I trade anything that has an ETF or a ticker.  

[Guest]

Haha well that narrows it down to just a few things