All posts by Jeremy Whaley

An Overview of Options

Options are perhaps best thought of as the name implies, as a tool which gives their owner options. Since the market has both buying and selling activities, we also have options associated with each transaction:Options that give you the right to buy are named Call Options.Options that give you the right to sell are named […]

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The 5 Worst Candlestick Patterns to Trade

Taking the time to learn candlestick patterns is one of the best uses of time for any trader. Once you learn the patterns, they will stay with you forever. However, before you go out and spend a lot of time memorizing patterns, understand there are some patterns which provide little useful information because the signals […]

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Top 5 Favorite Candlestick Patterns

Since the beginning of TradeSmart, we have often been asked by students which candlestick patterns are the best? They may change the question around a little bit to which ones are the most reliable or is such and such pattern better than this pattern. Regardless of how the question is phrased, it always comes down […]

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Top 4 Mistakes when Trading Chart Patterns #4

Chart patterns are one of the best tools technical traders have for anticipating market sentiment shifts. However, as great as they are, chart patterns are often misunderstood and misinterpreted. Over the past three weeks, we have been sharing the top four mistakes traders make with chart patterns, mistakes which often lead people to think they […]

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Top 4 Mistakes When Trading Chart Patterns #3

One of the big challenges when trading chart patterns is the tendency to have ambiguous rules for what qualifies as a pattern. It would be nice if we could sit here and tell you, “a double top pattern always takes four weeks to develop, it has a 3% retracement between point A and point B, […]

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Top 4 Mistakes When Trading Chart Patterns #2

One of the top mistake traders can make is the failure to wait for confirmation. Waiting for a confirmation is one of the most effective way to increase the consistency and the profitability of trading chart patterns. After all, a chart pattern itself is a setup, and just because something sets up it does not […]

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Top 4 Mistakes When Trading Chart Patterns #1

Chart patterns are a great addition to every trader’s toolbox. They help increase a trader’s insight into trading sentiment and ultimately give indications as to the next likely move. Unlike some of the newer techniques and gimmicks in the world of trading, chart patterns are a time-tested trading technique that has proven to be a […]

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The Art of the Wedge

There is only one reason for learning to trade a chart pattern: to make more consistent predictions about future price actions. Unfortunately, there are many patterns traders spend their time memorizing, which either don’t occur frequently or worse, they aren’t predictable. However, there is a pattern that breaks bullish 68% of the time. I’m talking […]

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3 Fears in Stock Trading That Can Cost You.

According to new research, there is an excellent possibility that fear, if left unchecked, could be the destructive aspect of your trading. A recent study completed by Boston University and MIT professors labeled emotional responses within traders as “a significant factor” in the outcome of their trade. (1) This should be a wake-up call for […]

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Lower Your Risk with Stock Options

Stock options are a great tool for many outcomes. We can use them to get better leverage on a trade, create more consistent profits, bring in cash during a stagnant market, hedge positions, and the list of uses goes on.Let’s Look At SPYIt’s easy to look at a trade like this SPY trade and think, […]

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