Support and Resistance Trading Forum

Re: General Trends
By:Chartsky
Date: 12/15/2010, 2:26 pm
In Response To: Re: General Trends *PIC* (Ponderer)

First of all, I am VERY uncomfortable with someone unknown coming here and suggesting folks take "bets" on market direction.

That only makes money for the options seller (whose spam link I removed from the post).

We determine trend and trade with the trend.

We don't "bet" on the trend.

And while the suggestion of buying options is another valid way to make money, we really don't discuss that much here (yet).

I think you're far better off taking a solid trade, with trend, limiting your risk by placing a proper Protective Stop and having a definite Profit Target you expect to hit.

It's like so many who visit the Trading Room . . . people seem to think they have to be a gunslinger to make money in today's markets. Nothing could be more wrong. PATIENCE and a solid system/method are all that's required. Erich's trades have a very high rate of success and I know those I call in the Trading Room have about 85% chance of making money or getting to break-even and only about a 15% (or so) chance of losing.

Chartsky

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