Overwhelmed

[dmedin]

I thought I would pull back to daily/weekly charts as that would be easier to get good at (since you will tend to have looser stops and so on).  Then I started looking at hourly charts, and I had a strong feeling that you get an advantage from a timing perspective and you also avoid holding on to positions that get you shafted when the market gaps up/down the next day.  Tight stops mean you get closed out very quickly, but it limits your losses IF you resist the temptation to keep re-entering the trade.

So many perspectives, indicators.  I actually feel overwhelmed and overstimulated to the point of burn out and depression.

Just buy and hold, and take up knitting?

Edited December 4, 2019 by dmedin

[dmedin]

Yes ... buying and holding is only for when you spread out your investments ('diversify').

I guess there is no way around it, will have to use a combination of longer- and shorter-term charts.