How much trading experience do you have?
Three months.
How old are you?
18 years old
Are you a professional trader?
No.
Should I take your commentary as investing advice?
No.
Why?
See above questions. I put them in for a reason.
Do you use fundamental analysis at all in trading?
Sometimes, but I mainly stick to technical analysis, as I trade very short term (before fundamentals can get priced in usually) and because I am not skilled in reading cash flow and balance sheets.
Which technical indicators do you use?
All indicators are derived from price, volume, and time, so I look mainly at price and volume. I also use 50 and 200 day simple moving averages, Chaikin Money Flow, as well as RSI and stochastics at times. I sometimes engage in Fibonacci and Elliott Wave Theory analysis, too.
What do you look for in long positions?
Bullish 50/200 DMA crosses, uptrends on high volume, bouncing off of support levels, breaking through resistance levels, news behind price movements, but most importantly, a bullish market trend.
What do you look for in short positions?
Bearish 50/200 DMA crosses, downtrends on high volume, bouncing off of resistance levels, breaking through support levels, news behind price movements, but most importantly, a bearish market trend.
What’s your #1 rule for trading?
The trend is your friend.
Which trading platform do you use?
Thinkorswim.
Do you trade just stocks?
No, I actually mainly trade in derivatives, like stock options.
Can you offer any trading suggestions to me?
No. I have no professional experience as a trader, I am not certified in any finance position, and I’m an 18 year old with only three months of trading under my belt.
How can I contact you?
You are more than welcome to e-mail me at naufal@umich.edu. I should get back to you within the day and will answer any questions you have to the best of my knowledge. However, nothing I say should ever be construed as investment advice. My statements are nothing more than my personal feelings. Always consult your investment advisor before engaging in any stock trades.
