This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Last week I tried trading without my training wheels. I removed everything but volume, and tried to determine what the market was doing. I had mixed success, but didn’t blow up or anything.
On Thursday I was searching the net for information on the Darvas Method. I ran across one of the more thoughtful posts on ET.
To quote Duref Mudgins, “NOTHING FUCKING WORKS ALL THE TIME. WHEN IT WORKS, YOU USE IT. WHEN IT DOESN’T, YOU LOOK FOR WHAT IS WORKING.”
The main reason the training wheels worked for me was that it kept me on the right side of the trend. So this week, I did my best not to fight the trend. Let’s see if next week, I can do a better job of riding it out.
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com