Stock Trading Strategy: A Better Understanding Of Pinging
Stock Trading Strategy: A Better Understanding Of Pinging
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Home Page > Finance > Day Trading > Stock Trading Strategy: A Better Understanding Of Pinging
Stock Trading Strategy: A Better Understanding Of Pinging
Posted: Nov 12, 2010 |Comments: 0
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Even traders who enjoy success don’t change styles of trading as the conditions of the market change; they find a pattern that usually brings success and they just stick to it . During those times when their style is not compatible with the market and they lose , they accept the loss and say that that is the way the breaks go . They seem to think their stock trading strategy all possibly trade styles, but this isn’t right.
If traders are able to figure out the market state, that is, the type of trading going on now and the type of trading expected , he or she can improve their returns very considerably . This is because one will never be applying trend trading techniques when congestion trading .
There are still those times when the state of the market is a bit ambiguous . If everything were clear no market would exist, since traders wouldn’t have different opinions , and trading in the same direction would be done by everyone all the time.
One such ambiguous state is when a trend seems to have exhausted its energy and is ready for a turn , and the indicators of momentum roll over and appear that they will go to congest entrance from trend . But the signals are not quite clear enough to go all in on a big position.
Under these circumstances traders can go with pinging. Pinging is an attempt to hedge your bet a bit . The anticipated turn is where they place their single direction trades , but they don’t hold them too long , and get out when they see a sign of lower time period support. At turning points the market frequently manifests “pumping” action , with comparatively large and volatile swings in both directions as traders of differing opinions around the world take positions against each other . When pinging, a trader can repeatedly go with multiple positions as the market movement goes from support to resistance and then back. Instead of riding the market both ways, and rather than placing a large bet on the anticipated new direction and holding on for dear life , it is as if stock trading strategy to the trader that he could “ping” the market , going with one direction only small positions, and being willing to quickly and early cover when short term support is reached by the price.
Significant profits can be a result of pinging and it has the trader closely in contact with the market as this battle moves forward between the longs and the shorts. Pinging keeps traders protected from too-early’s , will allow profits to be brought in even when the market is confusing when there is uncertainty about the direction and ending the trend may result in failure . Pinging will let a trader position himself such that when the new trend does settle in and become well established , they’re already on board with it. So when seen properly , stock trading strategy pinging as a method of entering the market when the trader is not yet 100 percent certain about the market’s next direction .
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Ted Hearne -
About the Author:
Ted Hearne is a Forex and bond trader who has written extensively about trading and has co-authored a “technical analysis explained” course called “Drummond Geometry”. His biography and further information about his work can be found at the technical analysis explained website.
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Ted Hearne is a Forex and bond trader who has written extensively about trading and has co-authored a “technical analysis explained” course called “Drummond Geometry”. His biography and further information about his work can be found at the technical analysis explained website.
