Blog

Below, you will see links to new pages that have been added to my website and updated information on existing pages. I also post interesting news items that I find around the web and trading ideas.

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Jan 30, 2017

Why You Should Use Time Stops

I know from experience that a stock should move in your favor within a day or two after your entry. If it doesn't then it will likely go against you. Here is an example:

stock chart of TASR

This stock pulled back and formed a bottoming tail and then an engulfing candlestick pattern. This would be a good place to buy the stock. But look at what happens next. It just trades sideways.

The first question that should come to your mind when this happens is:

Where are the buyers?

They aren't there.

Time to get out.

Dec 06, 2016

Learn to Swing Trade With These Example Stock Trades

Here are 5 example trades for discretionary swing traders.

Continue reading "Learn to Swing Trade With These Example Stock Trades"

May 01, 2016

The 5 Components to Any Trading System

When I’m asked by new traders for advice, I often tell them to think of trading like going on a trip to a place they’ve never been before. “What would

Continue reading "The 5 Components to Any Trading System"

Feb 10, 2016

How to Scan for Stocks - The Ultimate Guide

Writing stock scans is the only way to find the stocks with the exact criteria you need.

Continue reading "How to Scan for Stocks - The Ultimate Guide"

Dec 03, 2015

Learn 4 Profitable Chart Patterns for Swing Traders

Here are 4 chart patterns used in technical analysis that you can use to trade stocks.

Continue reading "Learn 4 Profitable Chart Patterns for Swing Traders"

Sep 25, 2013

Trader Education Week begins October 2nd

Elliott Wave International is having a free event that runs from October 2nd through the 9th. To attend this event you will need to register (free).

"When you register for this event you will have immediate access to 4 free trading resources from EWI analyst Jeffrey Kennedy. Then you will receive new lessons each day during Trader Education Week - each designed to help you learn to spot high-confidence trade setups in the charts you follow each day."

On the website it says that you will learn:

  • How to discover trading opportunities using the Elliott Wave Principle
  • Unique ways to time the market using Trendlines
  • How to employ Fibonacci ratios to calculate price targets
  • Candlestick and bar patterns that have proven reliability
  • How to apply Jeffrey's proprietary channeling technique
  • How to use Price Gaps to identify high-probability turning points

I'm not sure if this event is primarily for new or for more advanced traders but it might be worth checking out.

And you can't beat the price!

Register for free here.

Jun 28, 2013

CCI (5)

Looking for an edge? Want to capture profits on short-term swing-trading? Consider using the CCI(5) which is a leading indicator. I've been using this

Continue reading "CCI (5)"

Beginners: Learn the Basics

Intermediate: Trading Strategy

Advanced: Swing Trading Tactics