Buy on Breakout -> Sell on Resistance — so me. =p
But there might be another play in the making. xD
Are you the type of trader that can’t seem to pull the trigger because you’re afraid to lose? If you are, then you might be showing signs of having loss aversion.
- Always define your trade objective, follow that objective, and don’t change it (if you keep changing your objective, you will get confused, you will overanalyze, and you probably might blame yourself for not sticking to your original plan).
- Stick to uptrends. Yes, they might not have 100% hit rate but if you manage your risk properly and have rules that you follow then chances are your net gains on your winning trades will outweight your losing trades. Angkas lng ng angkas 🙂
- Avoid Sideways/Downtrending stocks—most basic tip. xD
- Personally, if I see 2-3 Bullish signs on a stock, I just wait for the trigger then buy. Don’t overcomplicate things, hindi ka talaga makakaexecute ng trade nyan or makapag execute ka nga kaso late na. xD