Hi all. I'm just starting out and would appreciate the benefit of your collective wisdom.
Firstly. When using a moving average to indicate a good buy point. Are you guys using a 20 day MA? That seems best to me, or at least to suit my level of risk.
In the above, the stock is turning up, and may be above the 20 day MA tomorrow. But its following the All Ords almost exactly. Does this mean it isnt worth trading, as its the market that rising, not the stock? Or is any profit good profit, regardless of reason?
I was wondering what your thoughts were.