A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. One of the best ways to learn about the markets is from experiencing trading or investing in them first hand, but also going back and looking at the charts to see how they formed since your analysis. In this post, we revisit the FANG stock analysis from early November to get an idea of what went right, what went wrong, and how things look going into the last month of trading in 2018.
Happy Thanksgiving and welcome to this special edition of our Thanksgiving blog post! Every Thursday, we perform an analysis of three tickers that are looking interesting into the end of the trading week. However, with Thursday being the big Turkey day this week, we are doing a special blog post early which takes a look at SPY, QQQ, and XBI and how the charts have materialized over the last week and how they look into the rest of 2018.
As TrendSpider’s main focus is being a charting platform, we also actively share chart setups and ideas every day on our social media accounts! As with anything, nothing is close to being 100% in the markets and all traders should do their own due diligence before trading anything they are interested in. For that reason, the point of this post is to not have traders blindly follow us on social media but to have users understand some of the logic that was behind our reasoning for the post and direction we thought the stock may go. There are plenty of charts that did not go as our post expected but for this particular blog, we focus on explaining the logic for these correct moves. Below are some timestamps we have captured over the last few months!
A prepared trader is a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action. This weekend, we are focusing on the continued bloodbath in the broad markets and if there is any relief on the horizon. We will take a look at last weekend’s charts and compare after this week’s price action.
In this week’s Strategy Guide blog post, we revisit the brand new “Alert Sensitivity” feature that was introduced last week. Users now have the ability to trade price channels without having to stare at the screen and worry about missing the top or bottom by a few cents. This feature allows the ability to increase or decrease the area in which traders want to be alerted about price action. Make sure to check out the video and graphics to get a full understanding of how this works.