Docbrown83
Member
Hi guys, I feel like I'm getting a better grasp as to the art of swing trading and picking the "right" stock (in regards to momentum and trend following), but I'm still having a hard time finding as to the right time to pull the trigger in regards to situational awareness of the market (coined by stockbee) and/or the overall market health.
I find myself picking an equity that has everything lined up on my indicators, only to have the market dump the following day or afternoon and getting stopped out.
What are some things that you guys use to know when it's "risk ON" and "risk OFF" as to market sentiment and when I should and should not be trading? I know there is no perfect indicator, but something that helps a "newb" like myself would be appreciated
Hopefully that made sense. Thanks.
I find myself picking an equity that has everything lined up on my indicators, only to have the market dump the following day or afternoon and getting stopped out.
What are some things that you guys use to know when it's "risk ON" and "risk OFF" as to market sentiment and when I should and should not be trading? I know there is no perfect indicator, but something that helps a "newb" like myself would be appreciated
Hopefully that made sense. Thanks.