My TA recently has been good. True, I came out my $460 long position a little early ($520) but had I been awake, I would have come back in at $540 as per the signals on my chart. Since I was in my bed during the last China ramp I am now in a quandary whether to take a long or not. I have already gotten back in at $565, but since then a bit of a bearish descending triangle has formed and I have came back out at $572.....
......am keeping my eye on the action. Unlike the Hodlers, I would prefer to avoid negative equity if I can.
Why did you wait so long to get back in? Do you place no stock in methods like Goomboo's 10/21 EMA momentum buying? It sent clear signals to buy at ~470, granted it jumped even higher so quickly.
I am not saying one should only trade momentum and ignore TA, but why ignore momentum completely?
I got in at $460, but came out again at $520. Show me a link to this 'Goomboo's 10/21 EMA momentum buying'.