Hi, qnome, Thanks for the thread. In one reply you mentioned you mostly use double bottom and double top. I don't how long you hold your positions, but since you have made 100 mil, I'd guess you don't do day trading. DBL top and DBL bottom don't happen very often. What do you do if you don't see a double top or bottom for a while. Do you park your money sideline? How long do you hold your positions? If you buy at the double bottom, but few day later when it develops, it is not going up as you expected. What do you do? Do you just exit out or go another direction (short). Thanks, freewilly
1. I never said, "I mostly play double bottom/top"... it's only one setup to play.... intraday or daily charts. 2. Some plays are held for only minutes.. some for days or weeks... market action/charts dictate. There are only 3 possibilites... long, short or cash. Figure out if one "appears obviously wrong" and don't do that. Then the question becomes "when" to do the others.
Hi gnome I read a couple books that say 'the majority' or 'most' of wall street players are pay more attention to fundamentals rather than technical analysis is that accurate in your opinion? thanks
Hi, Gnome, Thanks for answering my question. Do you do longs more than shorts? For me, I find short is very hard, as when the stock price goes down, the pattern becomes very erratic (to me at least). Thanks, freewilly
Too bad I couldn't ask questions before. Gnome : Never had any idea you were such a high roller hehe. The fact that you have that much money and still took the time to answer my phone call to help me out with my graphics cards is impressive. Definitely have your ego in check...