Trading Technique Archive

Ten Investing Rules To Avoid Losing Money By Paul Farrell

The winning strategy for Main Street investors playing in Wall Street’s casino against killer pros is being patient, minimizing mistakes. Yes, follow his 10 rules and you can win the “loser’s game:” 1. Never speculate Yes, the financial press acts like Nascar cheerleaders. One says jump on board now, this market is

Fakeouts Stopped Me Out On All Trades

Buying on round number breaks didnt work out today. Bought CHINA @3.00 hoping the break would last. It never did. Stopped out @2.83 Lesson 1: Wait for volume to build up before going long. Fakeout did it for me.Lesson 2: Stuck to my stop loss. Not disappointed about the trade. Plain bad

Trade Lessons To Find Breakdowns & Breakouts

BreitBurn Energy Partners L.P. (BBEP) is an independent oil and gas partnership focused on the acquisition, exploitation and development of oil and gas properties in the United States. The Company’s assets consist primarily of producing and non-producing crude oil and natural gas reserves located in the Antrim Shale in Michigan, the Los

Intraday Resistance & Support Provide Trading Opportunities

Smith & Wesson Holding Corporation (SWHC) is a manufacturer and exporter of firearms. The Company manufactures an array of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals,

Why Not To Change Course Mid-Way Into Trading

Every now and then you have a day when you chicken out on pre-determined plays, just to see it work out perfectly as expected. CECO was one such play that took a huge dump in the morning. I had listed it yesterday as a potential short play. I was dead right on

How 50-Day Moving Average Keeps You A Disciplined Trader

Successful stock traders need to be extremely disciplined. Every trader should prepare a set of rules and abide by it. Everytime you stick to the rules you set, better chances of success. However most traders succumb to greed/fear and end up breaking their own rules resulting in failures. One of the rules

How To Get Wiped Out In One Day

Bear markets are famous for violent rallies. The volatility is high and trading volume is really heavy. Huge swing can be expected in either direction. Bear markets see huge downward movement, but are always followed up mind-blowing upward spikes like the one we had today for 889 points. At every downward movement,

Trading Discipline A Key To Success. Proof >> KGC

I sold my KGC shares at the open since I didnt get the jump I was looking for. Also I didnt want to hold anything over this weekend. KGC opened at $14.25 and I sold my 1000@ KGC at $14.29 bagging 400$ profit in 1 day. Turned out to be a pretty

Gold Stocks Getting Cheaper Again

I used the market panic to picks up gold miner Kinross Gold (KGC) again at 13.88$. With KGC entering oversold levels, it might be a good swing trade. Gold is hovering around 800 level and holds a key resistance level. 1 month chart shows KGC has dropped 21%. I might be bit

Double Bottom With Stronger RSI Is Time To Buy

Buying gold at 800$ is always a reasonable bet considering it should have been 1000 by now if not for all the manipulation that goes along in the financial markets. Gold has shred off a lot of points in last few weeks. I considered buying gold miner KGC when it dropped 35%