12/30/2004
Low volume today. Markets holding well. Most traders I know feel a pullback is right around the corner. I'm trying to do trend following and my feelings matter less and less in my trading. So, yes, I can see why they feel that way. I feel that way too. But I'm long. Basing it on the RSI, OBV - which does look to be weakening - and the EMAs. Let's see what we get.
Trying to determine my stop loss - I think the 20 gives you more room and allows the trend some room but open to suggestions.
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Trading Rydex NDX. Still learning.
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About Me
- Esther
- Absolutely nothing I write should be considered investment advice. It honestly isn't. This is simply an online trading journal. Just trading a few years over here. I trade Rydex NDX primarily. I trade for small consistant gains. I am not a swing trader. And I'm not day trader either. My time frame is usually 2 - 5 days. Small consistant profit adds up over time. As Selecto says - A crumb here, a crumb there - pretty soon you got some bread. The other saying that comes to mind is - to get there fast - go slow. Trading is two steps forward and one back.
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