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joo_p23

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Everything posted by joo_p23

  1. Hello, I find myself always buying when the stock jumps and I get caught holding at a really high price. It limits my gains obviously or i have to take a loss on a sell off that hits my stop. When shorting, I find myself having the same problem. I short at the lows and have to cover for a loss. how can i fix this problem? need help. thank you!
  2. Hello, I'm reading Mastering the Trade by John Carter and his description of Scalper Buys and Sells seems confusing. Could somebody help me understand this setup? If a stock is in uptrend, do I look for three consecutive lower closes for a reversal? If a stock is in a downtrend, do I look for three consecutive higher closes for a reversal? I also don't understand how he "paints" the bars. thank you!
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