All Entries Tagged With: "chart patterns"
Why Anticipatory Trading is so Tricky
There’s a huge difference between how pro’s and amateurs make anticipatory trades, let’s see what they are and what those choices lead to.
6 Candidates for Position Trades
At the beginning of the year, everyone’s out to make a prediction. Ignore them! Today I want to point you toward 6 stocks which look to have some promise in the months ahead. This is not a prediction of where they’re headed, just a list of setups which look to have some potential.
Burrito Time!
Don’t look now, but CMG is back on the move – and potentially in a very big way. The chart below outlines the large, multi-month ascending triangle that’s been forming, and currently we’re seeing a breakout attempt in the stock.
Always Look to the Left
A friend of mine recently mentioned that the area to the right of price is the only place on a chart where you make money. He’s absolutely right. But I’d add that by also looking to the left, you can save money as well.
People of Wal-Mart: Still Spendin’
While the People of Wal-Mart website is always an entertaining bookmark, the stock itself is no joke.
Trading Roadblocks
Sometimes we just get so fixated on the here-and-now pattern that we fail to recognize what might lie beyond.
Don’t Discount Daily Charts When Day Trading
Day traders often forget the value that the daily chart can bring. The conclusion is that it’s only suitable for swing trading or position trading, but the truth is that the daily chart can offer some good signals for entry and exit as levels are cleared or reached.
