Many traders may agree, using trendlines is like trying to paint a Picasso. We’ve all seen the trading guru’s chart with them drawn in, they seem so clear, so ridiculously crystal clear about what to do next its almost painful. Why then do I and so many others struggle to use them? In the next few paragraphs, I hope to simplify trendlines and shed more light on their use.
How I trade it!
How I trade it series
The “How I trade it” series is meant to highlight the things I use in my personal trading. This series of trading knowledge should serve your P/L well. As you know every trade is different, no matter the setup used. As such, you’ll need practical advice on how to analyze and close both winners and maybe some losers as well.
Do you even care how I trade it?
Well, you should for a few reasons;
- I’ve been doing it for the better part of a decade.
- I’m giving you free information.
- It could make you money!
If that isn’t enough to peek your interest then I’m at a loss of words. The information given here will enhance your trading in a number of different ways. For instance you may like how I trade it and utilize some of the concepts yourself, or you’ll identify an area needing improvement, do so, and then utilize the approach.
No matter which scenario, the end result means successful trading. And I wish you plenty of that.
Thanks,
Jeff “the OptionBoxer”
When stop loss orders don’t work, do this!
Stop orders are a good thing. Understanding that will serve a trader well. They limit trading losses, and that’s great! The problem is…that seems to be the only thing ever said about stop loss orders and that isn’t great! The truth is, stop loss orders can fail and if you’re anything like me you may just have forgotten to plan for that.
An ultra short term trading strategy for quick profits!
So, generally speaking I don’t love any short term trading strategy.. mostly due to the fact I lose more money than I make but given the simplicity and potential power of this new strategy it seems reasonable to share.
Read moreAn ultra short term trading strategy for quick profits!
Placing High Probability Trades using Fibonacci Levels
In my last post I mentioned placing a pin in the discussion about finding trades after Fib levels were identified. In today’s post were going to pull the pin and continue our conversation about high probability trades.
Read morePlacing High Probability Trades using Fibonacci Levels
Proven Trading Formula
Two things I love; trading and sports. The similarities between the two cannot be overstated. Each requires focus, skill, practice, and most of all, strategy. We can learn a lot about successful trading just by studying our favorite teams or players. Let’s discuss, in brief.