Category Archives for Money Making Strategies

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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An Overview of the Stochastics Indicator

Indicators are an important part of the trader’s toolkit, especially when you learn to appropriately use the indicators which are available to you. However, many people look at indicators as a “signal” that says “buy now” or “sell now.” For most people, they are looking for that buy/sell signal, and when they see it, they […]

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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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7 Candlestick Patterns that Predict a Bullish Move

Candlestick patterns are predictive in nature, and they can predict moves in the market, bullish and bearish. The vast majority of the technical analysis tools we use require several days of data to calculate their signal. That’s why we call these trailing indicators. There are a handful of indicators we call “forward-looking” or “leading” indicators, but […]

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Trade with the Trend – Get Started Trading Series

How do you trade with the trend and not against it? When the stock is at support, and it has begun moving higher, that is your buying opportunity. However, if you are selling and the stock is at resistance and moving lower, that is your selling opportunity. You should always wait for the stock to pull […]

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How To Use Candlestick Patterns for Day Trading

One of the most frequent questions I get regarding candlestick patterns is how to apply them to the day trading scenario. You have probably noticed by now, that many of the candlestick reversal patterns include a small gap somewhere in the pattern. This is fine on a daily chart, but when you are day trading, there […]

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How to Analyze a Stock in 10 Minutes or Less

Around the world of would-be stock traders, one central question seems to be common:​Which stock is about to go up?I’ve been teaching in the stock trading world now for almost nine years. Undoubtedly, when I meet someone, and they find out what I do, this is their first question. However, I always meet their question […]

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Supercharge Your Trades Selling Options

Opinions can be quite polarizing, particularly in the world of trading. When it comes to options, there are those who believe options should be traded and those who believe they should not. It’s just the way things are! For the most part, option traders are convinced options provide the best opportunity to make a large profit […]

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The Good, the Bad, and the Ugly Truth about Options

Most active traders have heard fantastic tales of how such and such trader used stock options and made 300% or more in just two weeks. These stories are common among option traders. However, just as common are the stories about people who bought a stock option and lost everything. The result is a fairly divided set […]

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Why Are Candlestick Patterns so Black & White?

A while back, Jerome responded with a question to my post, “My Top 5 Favorite Candlestick Patterns”. He asked:So, if they are my favorites, why not paint them green & red? Jerome, this is a great question. It’s also a question I happen to get a lot, so I thought I would address it in a […]

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