Timing is everything in trading. How do you know when to buy the stock at the right time? And how do you know when to sell for profit? This is why you need to understand how to time stocks. The best traders have a system that allows them to get an entry before a big …
Read moreHow To Time Your Entries And Exits (Bulls Elite Series Day 10)
Breakouts and breakdowns are my favorite trading scenario. A breakout is when price moves beyond an area of resistance. A breakdown is the inverse, when price moves below an area of support, making it a great short selling opportunity.Whether you are trading on a weekly, daily, or intraday time frame, the concepts and strategies are …
Trading psychology is the difference between a winning trader and a losing trader. Once you have developed a trading system that has an edge, the next challenge is refining your ability to execute the strategy. This is where trading psychology comes into play. In trading you are often your own worst enemy. An understanding of …
A stock trend can be thought of as the path of least resistance in a stock. There are both up trends and downtrends in stocks. An uptrend occurs when a stock is making higher highs and higher lows. A downtrend is simply the reverse: Lower highs and lower lows within a specific time frame. The …
Read moreHow to Identify Stock Trends (Bulls Elite Series Day 6)
Knowing when to trade is critical for your success as a day trader. The stock market behaves very differently in the morning vs the middle of the day and the end of the day. You need to know the different characteristics of each part of the trading day in order to find the high probability …
Read moreBreaking Down A Day Trader’s Trading Day (Bulls Elite Series Day 5)
Stocks are either in a period of consolidation or trending. As short-term traders, we want to focus on the periods where stocks are trending in an obvious direction. We enter momentum stocks in trends and stay in them as long as they are moving in the direction of the trend. In this article, we will …
Read moreUnderstanding Market Cycles (Bulls Elite Series Day 4)