Hello speculative traders or investors! Wanted to start by thanking those of you that have visited my site. I have enjoyed and will continue to enjoy creating videos and writing posts for everyone interested. If I can ever help don’t hesitate to reach me at the email located in the footer or by commenting on one of my posts. I receive either directly.
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.
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.
Before discussing the MACD please enjoy a brief moment of RAGE in 3….2….1
So you’ve watched a few videos on youtube and you’re scanning the comments section only to find someone claiming “all indicators are useless”. In fact, if you scan the comments of this site you will certainly find the same. Without fail, study any media stream and there will always be someone claiming indicators are garbage.
Ok, so its just one picture but it will need some explanation. Also, this picture doesn’t and won’t showcase proper money management. I’ll leave that part to you for this post. What it will do however is demonstrate appropriate entry, exit, profit, and stop targets…aka…the trading plan.