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Good Day Mr. Covel, My biggest challenge that I have encountered is position sizing/risk management. Thanks.
Sharn S.
What is your trading strategy now? Time frame?
You actually replied. I was expecting somewhat of an automated/standard reply. Glad to witness that you are a man of your word. Since I have started trading (less than 18 months ago), I have been experimenting with Trend Trading. The Trend could be price- intraday or end of day- but also a macro trend. Based on what I have learned from reading books from various authors, Trends offer the most “predictable” price action. In addition to the trend, I have been using various indicators, (Bollinger Bands, Keltner Channels, 21 and 34 EMAs, and other tools such as volatility studies) from the trading platform by TD Ameritrade’s ThinkorSwim. For Swing Trades, I normally use the Daily Charts. For Day Trades, I use the 5 Minute Charts. Please note that I am still working to find what is best for me. Trading is a whole new world and requires a lot of dedication and mindset shift. Looking forward to digesting your videos on this beautiful Sunday. Much blessings to you and your family. Thanks.
Thanks for the nice note, but I would recommend a move to trend following. You have too much going on.
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