/biz/ - Business & Finance

>>16166527
>Oh, I didn’t realize you didn’t do longer position trades. You were the guy reading the leaves on my nintendies right?
Correct and yes. I only stay in until profit take point is hit, exit widget says sell, or I get stopped out. The point being to reduce my exposure to drawdown and free up cash for the next trade instead of waiting things out.

Speaking of Nintendo, none of this TA stuff would have helped for the most recent volatility. It was saying bearish to neutral right up until that monster move on earnings beat. It could have been chased by buying the gap up that morning but that kind of entry is low percentage. Wait till following day to buy, okay, then maybe make 3%-ish when selling the following red? A win but not great and high risk on top. Now if you were already in for fundamental reasons you would have rode the whole move. But then on that same strategy you're most likely not taking out partial profits on the spike.