stockbee
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Situational awareness is key to long term trading success. The US Air-force developed the OODA Loop for making SA decisions for fighter pilots.
Probably the single most important decision in trading is your timeframe decision . Once that is settled things become easy. Longer time frames need more analytical and forecasting...
Momentum is stocks tendency to move in the direction of prevalent trend. You can use momentum to select stocks to swing trade or position trade. π§΅
Number one key to becoming profitable in trading is creativity and innovation. Successful traders find creative and innovative setups or processes to trade the same market.
Many new traders approach me asking how can they become profitable quickly, the key is to develop setup specific procedural memory.
As an active trader I target 8 to 40% move in 3 to 5 days. These moves are short term momentum bursts. In order to understand these better everyday I study stocks up 20% plus in 5...