This is a bit of a continuation from yesterday’s conversation on how much money is needed to invest or trade. Today I want to talk about trading money management. First, unless you can come up with a 100% win ratio trade strategy you’ll have to have a trading money management plan. First you’ll have to [...]
Often you’ll hear how you have to start investing and there is no better day to invest than today. I tend to think that’s a pretty broad statement and I can’t possibly know every one’s situation. Today I want to talk about just how much money is required so trading commissions and spreads don’t eat [...]
If you’ve read any of my other postings you’re probably going “Ha, now he’ll tell us how it’s not possible!” Well, “Ha, it is possible” I haven’t personally done it, but it’s no different than any other way of making money in the markets. You trade cash for stocks you find more valuable and trade [...]
Unlike the double top or bottom, flags and pennants are a chart pattern that tell you the direction the stock was heading is going to still be the direction the stock will be heading.
Both patterns start with a strong volume move. This creates the flagpole. If it’s not on higher than average volume than it [...]