Chart patterns are import and and the head and shoulders pattern is one of the of the most important reversal patterns in technical analysis. But most traders don't understand how it works in the stock market, so in this video, I go through trading head and shoulders pattern to help you learn to trade the
With all that said, it won’t mean much if there if the news coming out of Washington and the China delegation is that a deal was made. Instead, price action will soar higher and nullify this pattern. Heck, perhaps if the Chinese eats two cookies instead of one at lunch today, it will probably be
My Swing Trading Strategy It was a relatively quiet day of trading for me yesterday as I didn’t book any gains, and added only one new position to the portfolio. The market, as it sits a shade below its all-time highs, isn’t providing a ton of clues or showing any substantial conviction as to what
My Swing Trading Strategy I took profits yesterday in BABA for a +2.3% profit, while getting knocked out of another long position at my stop following the China news that hit the wire. I still have one long position and one short position – both of which are holding respectable profits. If the market continues to
My Swing Trading Strategy I booked profits in Square (SQ) yesterday at $59.01 for a +2.6% profit. Not as much as I would have liked, but it simply could not push and stay above the resistance at $60. I added two additional new trades yesterday as well including a short position on SPX. Indicators Volatility Index
That was one nasty market sell-off at the close today (comparatively speaking). Plenty of people were selling stocks, myself included. The biggest concern for me right now is that only 49% of stocks are trading above their 40-day moving average. That is with us only being about a week removed from having established all-time highs.
Trying to find the right trading strategy that will help increase your profits is incredibly important. Maximizing your stock market profits is done by minimizing the risk whenever and wherever you can. These two elements of trading go hand-in-hand.