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Leroy Rushing - ArticlesUnleash the Hidden Power of Your Trading PlanDeep in your trading plan, you may be missing an element that could be eliminating huge winners. By merely tweaking a few indicators and steps to your trading plan, you may be able to produce returns you’ve never been able to achieve. Price is Determined by the Interaction of Buyers and SellersProfitable traders use technical analysis to judge prices because they know that price is not dictated by market events, but rather the interaction between buyers and sellers which determines price. The action of just a few traders can have a very significant impact on price, as their volume of shares can push the price through uptrends or downtrends, based solely on the exchange price for one trade. Candlesticks and Overall Technical PictureCandlesticks fit into the overall technical picture, but it should be known that candlestick chart patterns are just one part of a wide array of studies that fit into technical analysis. Technical analysis spans all chart analysis, and it is even applied to some fundamental analysis statistics. The Basics of a Piercing PatternAfter knowing what a piercing candle is, you’ll find that they are very easy to spot on a candlestick chart. A piercing candle usually comes to rest after a downturn that is longer than five periods on the chart. Thus, on a one day candlestick chart, the trend would have to be more than 5 bars and exist at the bottom of a downtrend. Adding Stock Scanning Tips to Your Trading PlanStock scanning is a vital tool used by professional traders to find symbols that fit their criteria. There are thousands of programs and resources that scan the stock market based upon investor criteria, locating stocks that fit your trading system. Are you seeking stocks with a price between $5 and $50 with a PEG ratio of .4? A stock scanner will search through piles of data and return with hundreds of names that match the criteria. Why do all the initial searching when automated programs c 4 Types of Gaps and How to Trade ThemTrading gaps is extremely profitable, especially for traders with strategies for gapping up and strategies for gapping down. Some traders only take one side of each gap, but learning to trade the gaps up and down proves to be doubly profitable. It’s hard to trade the gaps intraday, on a short term chart, but can be done. For the swing trader, there is much more money to be made in gaps. 4 Steps Necessary for Trading PreparationThere are four very crucial steps for determining a trade and making the right decision. Profitable traders are able to spot opportunity, but not act until it knocks. Waiting for opportunity to knock is the sole difference between the average Joe and professional traders. True insider methods aren’t methods at all – just a strict adherence to the day trading rules. Maximum Position-size Strategies and Trading ConsistencyThe maximum position-size strategies are catered to traders who desire to make a living rather than grow their capital. Once a trader has sufficient capital, the result is taking positions that are equal in size to further the odds advantage. 5 Technical Analysis Stops That Every Trader Should KnowIt has been said many times that is not important where you enter a trade, but where you exit that really counts. This is very true in the fact that entry points can be profitable anywhere, if you get out at the right time. 4 Single Stop Loss Approaches for Managing Trading RiskMeeting your trading goals is often as easy as managing your trading risk. The use of different stop loss strategies will help maximize your returns while limiting downside, especially in wild markets. Using stop losses effectively will improve your trading, increase returns with proven strategies, and fully capitalize on technical analysis patterns.
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