I'm always on the lookout for good risk/reward opportunities, both long and short. MCSE (Microsoft Certified Systems Engineer) former National IT Manager turned trader.
Independent over 10 years after working at Prudential Securities. Posts are not investment advice, they are for informational purposes only.
I am a retired software engineer and a humble trader. Using my own charting program, I do both long-term (years/months) and short-term (days/minutes) trades. I follow a couple of mottoes in trading:
- Trust nobody (especially those flip-flop analysts, or moon shooters).
- Stupidity has a price, which I have paid a lot.
- The trend is my friend, so is the non-trend range. When a trend (very few in years) comes, I buy high and higher (pyramiding up) until it reverses. Most (80%?) of the time, the market is in some sort of trading range, where I buy low and sell high.
- Human can only see what has happened, not what is going to happen. That is, any prediction or forecast is only a guess.
- To me, every trade is a 50/50 bet. First I prepare for the worst, then wish for the best. On profitable trades, it is because I am lucky, not because I am good or smart.
- Never argue with the market. For failed trades, I blame nobody but myself and go back to refine my system.
I come here to learn, and respect everybody's opinions, regardless how absurd they seem to be sometimes. I will never get involved with emotional arguments.
Good luck, and wish you all make money from this fascinating market.
I graduated with a BSEE from NCSU. Following technology companies and developments is a hobby of mine when I have free time. A few years ago I started investing, and have tremendously enjoyed it. I try and share a unique view from an engineering vice an investor standpoint, and enjoy learning from others in the SA community.