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.
Trading Blog
Live trading Series
This trading blog will be the real deal journal documenting each and every trade I make. Whether going long the shares or shorting a call spread you’ll get my rationale and decision making as it happens. You’ll get to see my mistakes or successes on each trade. In the future I will attempt to provide this blog in video format each day but for now work doesn’t afford the time off during market hours to prepare and post.
In any case, I hope you enjoy. They are meant to highlight many of the steps required to become a proficient options trader or trader in general.
HOWEVER, do not mistake these blog posts as recommendations for you to ever buy or sell a security. I DO NOT suggest you follow my trades. You must perform your own due diligence or consult a registered advisor prior to taking any investments. The information provided here is for educational enjoyment and my own transparent record keeping procedures.
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.
MACD? is it THE difference?
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.
My trading plan in one picture.
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.
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!