The markets are competitive, and any edge you have can be easily eaten up by making mistakes in your analysis. Here are a few of the most common mistakes that traders make and some suggestions on how to avoid them. Remember, trading is extremely risky, but there are things you can do to increase your odds of success. The best way to do this is to start by understanding the most common mistakes, what they are, how they happen, what you might be thinking when you make the mistake and build your system around avoiding it.
Prepare for trading: Week of July 16th, 2018
TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process.
Prepare for trading: Week of July 9th, 2018
Below are three key tickers that we have analyzed and identified interesting trendline setups in. We believe keeping an eye on these is crucial to watch this week.
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week. Start by setting up your Dynamic Price Alerts and remember: make a plan, trade the plan. Be smart out there!
An Introduction to Chart Breakouts and Breakdowns
When it comes to trading or investing in the stock market, the only thing that is 100% certain is that nothing is 100% certain. By the time a stock starts to break up or down, it may be too late to figure out what has caused the move to profit from it. The likely scenario is that it could be a number of factors ranging from social sentiment, technical indicators, systemic risk, or even the actions of a big institution or, in some cases, a large breakout trading chat room. This post focuses on some of those variables at work when nothing seems to make sense.