Do you mainly trade this strategy with-trend or counter-trend? (I've always thought of RTM as a counter-trend strat but can see how it can be used with-trend as well). Or do you look for situations where price has been steadily swinging in a range and play from the range extremes? Also, what is your average hold time? Thanks in advance for your feedback!
Lescor, I want to start by thanking you for taking the time to do this. I bet it took guts to take a hiatus from the family for the sake of providing them a better living, hat's off for that. If I may, a few questions regarding your trading. How do you scan for setups, mathematically or discretionally ? Are you a news trader or purely technical ? Are all of your winning trades of the higher reward lesser risk nature ? What kind of accuracy do you obtain in your trades? Do you add to losers ? How about to winners ? Do you take fundamentals into account or it does not matter due to your daytrading persona? And last do you dabble with earning reports (before or after) ? Best of trading in the new year and thanks a million for answering my silly questions. No Heat
This is going to be a great thread!!! Thanks Lescor! 1. Do you trade the same stocks every day? If yes how big is your watch list? If you change your watch list how do you scan for tomorrows list? 2. Have you considered ETFs instead of stocks? Thanks again