It seems to be a very common theme I have when I teach and mentor. Many are looking for new indicators or methods. After their first shock on his simple my layout is they start to realize their mistakes.
The reason students look for these answers is they want to avoid losses. Can not happen. There will always be losses. On my screen I have volume, two moving averages and I color code my bars just for a little eye candy. That is it…Buy signals are based on simple X day breakouts or patterns which I have shared before…Want to see breakouts with volume. This shows conviction.
Stops are based on profit targets and when I have great conviction with a stock I trail it with both he 10 day and 50 day moving averages…That is it…Not rocket science…My selection of stocks is different than the norm. I want to buy the strongest stocks when the market is healthy…
Why complicate your trading in the stock market?