Gone are the days where the retail trader was limited to cable networks or expensive private subscriptions for news and discussions about stocks throughout the day.
Category: Article
Buy Stop Limit Orders For Swing Traders
Buy stop limit orders for swing traders covers the basics of how a buy stop limit order works and how it fits into the execution process of a swing trading strategy like the one we implement here at The Trade Risk.
What is a buy stop Limit order?
Scanning for Breakout Setups using Worden TC2000 PCF
Scanning for Breakout Setups using Worden TC2000 PCF is a guide for traders using TC2000 who are looking to find stocks that are breaking out and increasing in momentum.
We’ll walk through a few different scan ideas, explain the thought process, and share all of the code that goes into each condition. The basis of our scans assume daily charts, but the concepts could be adapted for shorter time-frame trading.
High Stakes Area of Support Under Siege
The action today to kick off the second quarter of 2018 was about as ugly as it gets.
- SPX -2.23%
- QQQ -2.89%
- IWM -2.44%
But despite today’s selling, the S&P500 is still trying to hold on to this high stakes area of support around this 2580 level which is precisely where buyers emerged in early February.
Chart Pattern Trading Advice From a 20+ Year Professional
Chart pattern trading falls under the category of technical analysis and represents one of the more popular approaches to making buy and sell decisions using charts.
We as humans love forming patterns in all areas of our lives and analyzing price charts is no different.
I don’t personally consider myself a chart pattern trader, but many of the swing trade setups that I do trade overlap
Commissions and Taxes Are Destroying Your Trading Profits
Eighteen thousand three hundred and sixty-four dollars.
That was the total cost of commissions I paid to Scottrade when I just started trading.
My trading account was around twenty-five thousand.
5 Bull Trade Setups For The Week of March 5th
Stocks finished strongly positive on the day after starting off in the red with a lower gap open.
This was a bullish follow-through day after buyers staged a reversal last Friday.
We’re not out of the woods yet, the S&P500 still has plenty of recent supply to break through in this 272 to 274 area, but today was certainly a near-term constructive showing.
If you think this market can continue higher, here are a few stocks with strong technicals emerging from tight patterns under 52w and all-time highs:
$GDOT has been pulling back and flagging for 7 days after a 10% breakout move on February 22nd.
A Collection of Indicators In Extreme Territory
Monday, February 5th was an impressive session for markets:
- The S&P500 finally exceeded a 5% pullback (first time in a 12months+)
- The S&P500 went red on the year after being up nearly 6% in January
- The S&P500 saw the heaviest volume since 2016 (almost 300M shares)
How To Trade Stocks Using Daily Closing Prices
How to trade stocks using daily closing prices walks through the best practices, tips, and recommendations for implementing a strategy that uses daily closing prices for its signals.
If you’re thinking about giving up intraday trading and extending your time-frame or if you’re a long-term investor looking for an active strategy to manage risk, this article will help give you some ideas to think about and test out.
Mean Reversion Trading | Tips & Strategy
We share a lot of trade ideas and strategy here at The Trade Risk but it’s primarily from the point of view of momentum, breakouts, and following recent price movement.
Mean reversion trading is a style that relies on price action to look much different (in most cases the exact opposite) as momentum, and it’s something we haven’t written a whole lot about on this site.