@JolyonMaugham Isn’t the answer a wealth tax like in NL? - a very small annual tax on anything above your home and pension- because of all of the ‘old money’ in the country
@glengoodman@RiggerTodd@BTCWinst Many thanks, that makes sense and perhaps this pattern is still evolving to the upside .... finding the inverted H&S by @BTCWinst is still a challenge let alone what to do with it!
@glengoodman@RiggerTodd@BTCWinst Thx- in this particular example the price dropped to $3.2 this morning after an early rise so I would have been stopped out unless I had a wide one of 10% say- but wondering whether re-entering back in would be wise or have aim for a bigger stop-loss?
@glengoodman@RiggerTodd@BTCWinst Hi Glen, trying to understand the strategy. Set ups lasting >1mth are you only going to see the trend after a few days say & expect to stay in for weeks? Buys $3.5 would need a 10% stop loss so would you bail at 5% & enter back in if the trend returns? Thx
@croz1977@glengoodman A new book, blog, podcast on the routines, research, systems that @glengoodman uses for stocks/commodities would be interesting- trend following feels like an important lesson for the part-time trader but finding those trends is difficult
@glengoodman Hi Glen, how to you monitor the breakouts...do you set alerts for, say, $9800 and watch from there? I think I was asleep during the last breakout 🤪