This must be the third time I will say I got all the more puzzled about stock trading; I was self studying the system of a successful stock trader. Again, the flaw of not having a mentor.
On reading the blog posts, I realized that reading it from the earlier post to the latest is NOT the way to go. One post may have a more detailed explanation later on in another blog post or that there is a difficult concept might be introduced early and the explanation is on a later post. I decided to approach it in another way through labels or tags.
ZF said there are two types of play
- Momentum
- Sell on Target And Trailing Stop
- Bounce
- Sell on Resistance
Lifted from Investopedia
- technical analysis
- looks at the price movement of a security and uses this data to predict future price movements
- begin their analysis with charts
- short term approach
In a Twitter twit, ZF posted the classic trend following starter setup
- Fundamental analysis
- instead looks at economic and financial factors that influence a business
- start with a company’s financial statements
- long-term approach to investing
- 20/50/100 SMA
- MACD
- RSI
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