What do You look for in a Trade?
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Jul 7, 2007 5:10 am
What are your criteria?
Do you trade on Earnings reports?
Charts, Trendlines, Stochastics?
I'm interested to see what some of you stock traders look for.
Here's one for you to chew on:
On the daily chart, like to see the 10 exp. moving average cross the 40 exp. moving average on the way up.
On a weekly chart, like to see the 13 exp. moving average cross the 85 exp. moving average on the way up.
Personally I have found that the 50/200 moving averages, which are widely used, get you in too late and out too early.
Take a look at some charts, you'll see what I mean.