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.
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.
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
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.
How to Develop Simple Swing Trading Strategies lays the foundation for developing short- to intermediate-term overnight trading strategies. We’ll start off discussing what the goals of swing trading are and then move into some of the recommended steps to go about creating a strategy from scratch.
There are no holy grails we’ll be uncovering, but hopefully, the steps and framework outlined in this article will give you a responsible path towards creating a strategy to call your very own.
Do you have what it takes to be a trader?
Better yet, are you sure you want to be a trader?
Actively trading public markets, and consistently profiting, is extremely difficult.
The stock market is dominated by sophisticated players, with access to information, computational power, and speed far greater than any of us small retail guys will ever have at our disposal.
I was recently asked about some of the trading mistakes new traders fall into when starting out.
It was easy to come up with a lengthy list, mainly because I’ve personally made all of these mistakes myself, and in most cases, more than once.
I thought it would be fun to put together a bulleted list
In the following video, we review a recent swing trade we closed out in Alibaba ($BABA).
Trade Recap Takeaways
- We cover the importance of finding and sticking with leading stocks.
- Patience within consolidations.
- Don’t be afraid to pay up when a new setup forms.
How to Find Leading Stocks is a guide to help you find the strongest stocks for your watch-list.
Stock selection is a crucial component for both traders and investors, and most of the time it doesn’t get the attention it deserves.
Throughout this post, we’ll define what leading stocks are, why you should care, and then walk
Trading is difficult.
Anyone who tells you otherwise probably hasn’t traded long enough, or is trying to sell you something.
I certainly don’t have all the answers, but I have learned a lot over the years and, throughout this post, I’m going to share with you some high-level trading tips, tricks, and painfully learned lessons I’ve picked up along the way.