Trading Stocks & Personal Development: Making the Complex Simple.
The one key element for traders looking to "buy the dip" is support. Support levels are powerful because this is the level where we see buying interest due to previous buying, trend lines or moving averages.Even during market selloffs where the drop seems to have no floor, support can have a powerful impact. Let's study... Continue Reading →
Most full-time traders have a basket of "goto" setups that they trade repeatedly. Some do so mindlessly, irrespective of market conditions. You can make money this way, but you will not become wealthy. The best traders optimize their trading by deploying the right setup for the right market. For instance, a "trading range" setup is... Continue Reading →
Swing Traders focus on two key elements when assessing a stock's trend, volume and price action. Volume often precedes price action as the big players leave footprints that are tough to hide.During oil's parabolic downtrend, volume has consistently shown a distribution pattern while basing before it's next leg down. However, the current volume pattern has... Continue Reading →
