21st January 2007
I have used many different trading systems and this one seems to have worked very good for me. I tried to describe it the best I can so everyone would understand. It is very simple once you get used to following it and know all the terms.
Setup for Lon...
20th January 2007
First thing I do when I look at ANY chart is look at the moving average lines #1 Look to see if the stock is on top of the 20 and 50 MA lines and if so, next where is the 100 and 200 MA lines?? On top acting as RESISTANCE or on the bottom acting as SUPPOR...
20th January 2007
Over the years you will hear a lot of clichés about the market andone of them says "the open is for amateurs and the the close is for Pro's". Well there is some truth to that. For the most part, the first 20 minutes of the trading day is full of wild swi...
19th January 2007
Have had a few questions on how I trade. I'll do a run through to the best of my ability on what I do, and how I do it. This may benefit some of the newer traders. Sorry, no visuals on this one!
First off, my most profitable stocks are swing trades. I ...
19th January 2007
Many people ask me each day when to sell/buy, how do you know when to sell or buy....well here goes
What people usually do to sell a stock is ...find the next resistance (for example stock ABC next resistance is @ .015) sell right BEFORE the resistance...
18th January 2007
I'm sure that all seasoned market traders have read the various books out there on trading philosophy. There is a vast amount of intriguing information for our enjoyment and education, from the Elder-esque psycologically founded views to the application o...
17th January 2007
To find penny stock resistance you first have to look for stock prices that are higher then the current stock price. The sequence goes from most recent low to most recent high. For example, if my stock price I am looking at is at .22 currently and one wee...
17th January 2007
The reaction of mainstream analysts to the events of last spring and summer was as amusing as it was predictable. As soon as commodity and metals prices weakened, they were out in droves, tut tutting and warning the great unwashed that we had seen the top...
16th January 2007
Over the years you will hear a lot of clichés about the market and one of them says "the open is for amateurs and the the close is for Pro's". Well there is some truth to that. For the most part, the first 20 minutes of the trading day is full of wild sw...
16th January 2007
One of the most common questions is: "How do you set up your charts when looking for a trade?"
First, you have to know the basic timeframe of the trade you are about to make. Is this going to be a 30-200 minute trade? A 1-2 day trade? A 3-4 week trade? H...
16th January 2007
Ask many seasoned traders to describe their most profitable trade, and you'll hear a fantastic story. It's usually purely serendipitous. For example, they may have been going long on a large position when suddenly a media reporter talked up the company fo...
15th January 2007
I am sure that anyone who calls themselves a trader has read plenty regarding stop losses. Even I have written more that one article on the topic. It stands to reason that this is a topic of discussion, because of one simple fact. Not taking stops is stil...
13th January 2007
"Fundamentals, while important, DO NOT help the investor or trader assess risk and timing issues in the HERE and NOW."
Sound methods follow the investor or trader who has a sound mind.
I repeat!
Sound methods follow the investor or trader who has a...
13th January 2007
Every trader at some point in his career will have to face one or several "losing streaks". This is a fact of this business, and whoever tells you this isn't so hasn't traded enough or is a big liar. Losing streaks can be produced by a faulty use of a tac...
13th January 2007
With the professional football season heading towards the playoffs, I thought it would be fitting to highlight an important anology between trading and sports. All great coaches know that it takes great offense as well as great defense to be champions. Di...
