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Hi Michael,
I have encountered your content during my deep, incredible and wonderful trading study over the last 6 months. I am a new learner Trader (and I’m going to learn forever). My biggest challenge has been to know where to place my stop loss. My strategy has been an entry point when the 5-day moving average crosses the 20-day, my study has led me to believe that it works in at least 70% of cases and on any one day there will be 3-4 opportunities for the stocks I’ve been looking at. It’s a good idea to set the 5DSMA to red on the chart and the 20DSMA to green so it’s like a traffic light system and then it’s a case of red crosses green GO! (LONG) I could chat about this all day! Also, another challenge that I have is trading in isolation, this is a new career for me and I have no contacts. But I’m going to smash this business! Believe me! I will keep getting better at this every day for the rest of my career until I am profitable. It’s impossible to fail really when you think about it. There are so many wise traders of the past that make their knowledge available for me, they did all the work and I just read their stuff and learn from it! I actually can’t believe that more people are not doing this.
Have a great day and I hope you learn something, every day.
Jason L.
P.S. What are you looking at this week?
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