Trader News

Download a free report on how the Wave Principle can improve your trading.

Trading Basics

The Strategy

Blog Index

Wise Words

"Some of the best trades come when everyone gets very panicky. The crowd can often act very stupidly in the markets. You can picture price fluctuations around an equilibrium level as a rubber band being stretched – if it gets pulled too far, eventually it will snap back. As a short-term trader, I try to wait until the rubber band is stretched to its extreme point."

- Linda Bradford Raschke

Taz Trader Blog

Written on 06-06-2009 5:56 pm by Craig

I Really Wanted to Trade This Stock

technical analysis stock chart

I included a small hourly chart (inset) so that you can see what I was looking at. The stock was building support with a triple bottom pattern. I was convinced that this stock was going to move much higher.

But, I didn't trade it.

The market was a too overbought for my liking. And I know from experience that buying stocks in overbought markets is generally not a good idea!

What are your thoughts? Would you have traded this stock?

Trading Course

Trading Master Plan

This is one of the few trading courses on the market right now that is actually worth buying.

You get a 200 page e-book, trading video tutorials, chart lessons, and mp3 audios.

Also includes unlimited personal email support from Dave himself.

Zecco Broker

Open a Zecco Trading account

This is the broker I use. You get 10 free trades a month with no fees or commissions. Perfect for those new to trading stocks.

Market Club

7 Trading Lessons

Learn 7 trading tips and tricks in video format and watch the "90 Second Trading" series. These videos are free from the folks over at MarketClub.

Elliott Wave Video

Elliott Wave Video Series

In this 3 part video series, you will learn what the wave principle is, why you should pay attention to it, and how to trade it.

This course is free from the folks over at Elliott Wave International.

Trading Videos

Ino TV Premium

Now you can learn to trade from some of the top traders in the business with access to a library of over 500 trading seminars.

You can access these trading videos online from any computer 24 hours a day, 7 days a week.

Trading Guide

Swing Trading Guide

This trading course has some unique trading tips and tricks that you won't find in other courses. Comes with a trading calculator and some special reports that are loaded with trading information.

Learn a simple swing trading strategy.