Did not backtest the idea. Agree that backtesting is good bcos it gives u the probability of the pattern/idea working out for the stock. .. hehehe i was lazy :D
Some patterns are less common in certain markets. For me i keep it simple, if the anticipation did not work out, then the exit plan (or stop) will kick in within a given time frame.
Hope u dont mind me deleting yr comment. A certain website was mentioned in it. Didnt want exposure of it. Thanks. Btw... 2 thummbs up to yr new f2. :)
Be responsible for your own trades. Always evaluate the risk & determine the stops before entering any trade. The market is never wrong, only you can be wrong in reading the market. And remember your stops can be your lifesaver.
This blog mirrors my thoughts, rants & simple chart analysis on bursa counters that caught my fancy. It also serves as the occasional record and reminders of good and/or bad trades and some trading rules and chart patterns.
3 comments:
Hi Seng,
All criticisms are welcome too :)
Did not backtest the idea. Agree that backtesting is good bcos it gives u the probability of the pattern/idea working out for the stock. .. hehehe i was lazy :D
Some patterns are less common in certain markets. For me i keep it simple, if the anticipation did not work out, then the exit plan (or stop) will kick in within a given time frame.
Thanks for the invite. Most honoured. :)
Seng,
Hope u dont mind me deleting yr comment. A certain website was mentioned in it. Didnt want exposure of it. Thanks.
Btw... 2 thummbs up to yr new f2.
:)
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