Latin Impressions
In: investing
6 Feb 2010
what is the best short term trading strategy?
In my opinion, none.
Many day-traders use what’s called technical analysis for short term trading. They base their decision to invest/buy on nothing but charts, volume, moving averages, patterns, and other “technical” charts. I’ve studied it, and in my opinion, there was a always a void because I will not base my investment decision solely on patterns and charts. I think it’s crazy.
That’s up to you to decide though.
Long-term is safer with the use of Fundamental analysis. It is not dead, and it is the investment technique of the great ones such as Warren Buffet and Peter Lynch.
Phil Newton’s Break out Strategy
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