Why is trading so obvious in hindsight? Should I train by cropping charts and assessing what I would do?I actually do decent if I don't fomo and approximately following this guy's strategy.Entries are really the most important, you can screw up everything and succeed except the entry.
>>62031066https://en.wikipedia.org/wiki/Hindsight_bias
buy an ad, soiboy
>>62031066>I actually do decent if I don't fomoThis is the real lesson.As soon as I stopped chasing fads and being emotional I win.
>>62031243Right I look at what's actually hot (or looks like it might become) and not what's a forced meme and trade only on support levels on the chart it's possible. But you cannot lie to yourself, which is pretty difficult desu.I'm surprised there isn't more discussion about this on biz, sure it's fun to guess what oil will do, but there's stocks popping off like shit coins every day. You can easily get a 10% and of course don't risk everything on that, but I'm doing like 1/1000 of my portfolio position size and I might even do less since I'm still in learning mode.
>>62031280Yeah I was surprised at how easy it is once you know what to look for. Probably the most difficult part is riding that thin line between being too greedy so you don't sell even though you met your target and chickening out too early and missing out on a great run up. Doesn't help that I've gotten pretty lucky with my greed but I know wont keep getting away with it in the long run.
>>62031725It's wild how stuff like pic rel happens.
>>62032397>>62031725And here it is before the breakout. I mean the chart looks good, but who expects something that just went up 100% to keep going up.Not a trading day for me but I was watching this one. And of course I feel dumb because in hindsight it really looked good.
>>62031725>greedAnd what fucks me up is if I try to chase that big gainer tomorrow it'll be a dud day. Then I'll sit out the next hot day, etc. etc.Actually I do pretty decent just being conservative, but my R/R needs to be better.
