Thank you very much for sharing your strategy but, for all the beginners that might read this, things are not so simple sometimes.. A SMA or 2 plus a RSI wouldn't hurt..
Be careful with your investments ;)
Thank you very much for sharing your strategy but, for all the beginners that might read this, things are not so simple sometimes.. A SMA or 2 plus a RSI wouldn't hurt..
Be careful with your investments ;)
Adding more lagging indicators is not what he needs.. rsi, macd stoch are all just oscillators based on a series of moving averages and which one you use, if any is just personal preference. There is really no point to using multiple oscillators.. Either way there is so much more to a trading strategy than buying or selling when an indicator goes above or below 0, or buying when price crosses a series of moving averages. These tools can be used to help define sentiment and look for divergence between price and momentum but thats about all. He is trying to play it off as if they are some kind of holy grail...
Trading is a professional comparable to a surgeon's skills, but if he can give a novice a starting point this will help them to a small degree to start to even look into what he's doing and maybe even what "it means" and that might inspire them to actually start to learn that it isn't that simple but it's worth it.
Yes maybe if he was giving universal advice that is fact based and accurate but he is basically teaching people to catch a falling knife which never works. He is also making claims like never loose another trade which gives false expectations to potential traders. The advice he gives is absolutely
terrible.
What trading advice is "fact based" and always accurate? NONE. #foh If anyone was ever "right" all the time with ANY STRATEGY there would NO MARKET because they would overcome the entire market over time and THAT will NEVER happen. The remedy YOU OFFER is pointless and baseless. Besides there are plenty of traders that think a "falling knife" is exactly their play when they are ACCUMULATING or shorting the market. YOU are no TRADING GOD. Leave SteemitJezuz to share HIS technique.
Go DRAIN WALL STREET of every dime, if your trades and advice are so much more accurate. Good luck with THAT lie you are telling your own self. YOU are just one trader of MILLIONS of TRADERS and unless you are a central bank, a pension fund or hedge fund.. you aren't making any bigger wave than the next trader -- if YOU PERSONALLY are NOT the cause any of GREEN or RED bar in my trading chart -- then go SIT DOWN somewhere and stop acting like you run something and know something other than your own limited opinion of what works for YOU. Your opinion of what works is no more valuable than anyone's.
SIT DOWN -- BE HUMBLE.