Posted by David John Hall
The man who speculates in stocks with the intention of making a fortune usually goes broke, whereas the man who trades with a view of getting good interest sometimes gets rich.
Charles Dow
Site Navigation
Connect
Subscribe
Stay up to date with all of the latest blog posts and resources. Enter your email address below.
DISCLAIMER
The material provided on Reailtrader.net is for general informational and educational purposes only. This information is not intended as investment advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, or fund. The opinions and analysis included herein are based from sources believed to be reliable and written in good faith, but no representation or warranty, expressed or implied is made as to their accuracy, completeness or correctness. We cannot and do not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. You bear responsibility for your own investment research and decisions, and should seek the advice of a qualified securities professional before making any investment. And we doe NOT receive any compensation for his stocks selections.
TERMS AND CONDITIONS
We at retailtrader.net are not Financial Analysts, Investment Brokers or Financial Advisors. We expect you to know your own investment goals and to understand that a possession of fundamental trading abilities, or a desire to procure those abilities, should prerequisite your signing up. Retailtrader.net shall under no circumstances be liable to any visitor, user, and/or any third party for any lost profits, lost opportunities, indirect, special, incident, consequential, punitive, or any other damages whatsoever. retailtrader.net assumes no responsibility or liability for any inaccuracies, misstatements, errors, fabrications, contained within documents, data, materials, web site pages, contained herewith and associated pages, either through error or negligence. You agree to hold retailtrader.net harmless for any act resulting directly or indirectly from this site, its data, content, materials, associated pages and documents. Subscribership may not be assigned or transferred to any other person or entity. Subscriber must promptly inform retailtrader.net of the following: Changes in the expiration date of any credit card used in connection with the Service; changes in home or billing address; and apparent breaches of security, such as loss, theft, or unauthorized disclosure or use of an ID or password. Until retailtrader.net is notified by e-mail of a breach in security, the Subscriber will remain liable for any unauthorized use of the Service.
HISTORICAL PERFORMANCE DISCLAIMER
Historical performance is no indication, guarantee or prediction of future returns. The market is the market and it does what it does. Sometimes you have winning streaks and sometimes you have losing streaks.
Subscribe
Stay up to date with all of the latest blog posts, free trading resources, watchlist updates, nightly stock market analysis and in depth trade reveiws.
Enter your email address below.
From Twitter
The Market Is Yours...
Finding a strategy that fits your personality and risk tolerence should be mission one! And it took me FOREVER to find mine. Seriously, trial and error doesn't even BEGIN to describe it.
When it comes to your trading style, do you like breakouts or pullbacks? Trading with or against the trend? Do you like holding for minutes, hours, days, weeks?
Only you can answer those questions and those answers won't come from a book or some other GURU -- they'll come from trading!
Instead of blabbering on FOREVER about the trend following method I use, here's a chart that displays everything I look for in a winning trade...
Ever seen The Karate Kid? If so you'll know what I mean when I say that "Breakouts, Continuations, New highs" is my version of Wax on, wax off. Why? Because even though it looks easy, it takes practice, patience, and some serious dedication. Let's take a look at the components...
BREAKOUTS
New highs, on expanding volume, after consolidation. That's my entry. And if a trend develops, then that’s where I want to be. For more on breakouts, check out Breakouts for Beginners. For more on trends check out Trend Analysis For Beginners.
Breakouts, continuations, new highs. It's a killer way to trade!
CONTINUATIONS
Once a stock has broken out I look for successful continuation patterns (triangles, flags, pullbacks on light volume) to manage, add to, or create new positions.
NEW HIGHS
Nothing's better than new highs as a confirmation of your positions. Counter trend traders believe new highs are great places to short. This only adds fuel to already strong trades.
