/biz/ - Business & Finance

>>26275956
cool, i'll check that book out. really your strat or my strat both work depending on what you're trying to do, like im trying to swing trade not take positions for months or years, it depends on your style and both work. can't emphasize enough how key FA is in this respect, i also don't believe in shorting (limited upside but infinite downside, bull markets are much longer and more frequent than bear markets historically, etc etc it's just always better to go long always on good companies imho), not worth the risk. 200 day is also an important metric but if you look at something like AMD for example, the last time it touched the 200 day MA was back in fucking march, you'd never be able to take a trade this whole time by that metric, that's sorta the problem i have with it (although obviously great if you bought back in march and literally did nothing until now). i also feel like it's too long of a time frame to take advantage of buy the rumor sell the news. i like to look for catalysts (like CES or ER's) and "buy in low" days or a weeks before the event, and then just wait until the pump to sell on, probably the day or two before the event even happens. for my personality i like to be able to finish trades in that time frame, that's just me. i feel like the 1h is a nice compromise between day trading (which is entirely random) and position trading.

at the end of the day it's simply about objectively defining what "low" and "high" are for stocks. that's all im doing really. i want strong stocks that have a bright future and a brand name, a strong economic moat and good social sentiment, companies that i understand (i work in the semiconductor/electronics industry), and i want to look for buying opportunities always.

i've posted a similar screenshot to this before but it illustrates the point pretty well with AAPL. if you DCA'd at/under the 200 hour since the dump from the softbank manipulation incident you would always win if you hodl'd