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DIA

The importance of being patientWhen I first started trading equities 5 or so ago I was such a greenhorn and eager to make my millions in this game. Little did I know my first year would amount to over $10,000 in losses. Looking back, it was working through each losing grade and aiming to understand why I lost money that helped push me to where I am now. Here are some things that helped me. 1. Biggest thing to do right is to set a stop loss. I know this sounds like common sense but you wouldn't believe how many traders mess up their account by being egotistical and saying "oh well" it will come back up. Well, I'm here to tell you that it most likely will not come back up for while if at all. Most stocks continue a trend until a certain point and that trend reverse. Take your loss and put that money to work somewhere else 2. Position sizing is key. If you have a $1,000 account or a $1,000,000 account never use more than 25% of your total account value on one trade. I personally use 10-15% on each trader so I have available cash to cushion a drawdown. (pros lose too) 3. Stop trading after a string of 3 or more losses in a row. You need to take a step back and look at what may be going wrong. It may be out of your control but you need to verify that and wait to trade when conditions are right. If you are just revenge trading cause you keep losing then you will end up broke. Trade safe and trade smart.
AMEX:SPY
by The_Level_Two
7
DIA bull flagPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ - Bull flag forming - Currently at resistance - Price at the 200 MA - Price touched golden pocket Possible 20% move from here to the top of the pattern. If we break out I hope to see some strong volume following the breakout.
Long
by Coinathlon
DIA ready to push on throughPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------ DIA had a nice run in November and has now come in contact with the psychological resistance zone around $2. If we can hold the recent support levels - which I've drawn on the chart - I see DIA moving further up towards the $2.20 level, which also falls together with the first FIB level.
Long
by Coinathlon
Could this indicator predict corrections 100% of the time?!The cyan line is a weighted average of different asset classes, other than stocks, that I came up with. It is just a mathematical exercise but I thought it is showing some VERY interesting correlation... ... Just a thought! Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
AMEX:SPYShort
by adventurous51
15