$Energy Company of Minas Gerais (CIG.US)$ Bear flag. Looking...
Bear flag. Looking to get back in a little lower once the daily RSI has cooled off.
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Just a dude highly interested in the financial markets who wants to share helpful info along the journey.
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ginandcook : you think now would be a great enter point or should hold for a moment
DudeThatsDerpyOP ginandcook: I haven't looked at this forever, but on the weekly it still looks like a massive bear flag. Might go up on a shorter time frame. Who knows.
ginandcook DudeThatsDerpyOP: nice thanks dude thought found one hiding waiting to get picked lol
DudeThatsDerpyOP ginandcook: No prob! It went on a good run for a few months, but I've switched over to developing a trading strategy around SPY/IWM.
ginandcook DudeThatsDerpyOP: oh gotcha yeah I can just trade and still starting at that I've been wanting to do call options on spy voo iwm qqq but it so scary want to be comfortable the paper trade version even scares me
DudeThatsDerpyOP ginandcook: I understand. There's no need to be afraid with paper trading bc nothing is at risk and you can always reset the account. The real danger is if all you've done is paper trading and are doing well and then switch over to trading with real money. The risk element of trading (psychology) is half the battle.
ginandcook : oh yes and if the margin ever calls on you is real bad
DudeThatsDerpyOP ginandcook: You won't get a margin call if you a) trade using a cash account, or b) manage risk appropriately.