Highlights of the book 'Stock Chart Short-Time Trading' (summary)
- You should sell when everyone is optimistic.
- Invest, not speculation -> The stock market is not a casino. Buying and selling stocks every time the stock price moves 1-2% is a gamble.
- The reason why the rsi of 70 and 30 is taken as reference points is that there are neither stocks that keep rising nor stocks that keep falling.
- Buy when it breaks away from the lower limit
- 1) Look for a chart that is trending down, sideways, and rising 2) Buy when it touches the 20-day line after the first rise and then comes down slightly 3) Buy when it goes down and touches the 20-day line after the first rise
book link
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