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3 days ago · I think that makes common sense, but I would bet that most traders don't consider this. Step 3: Trade Leading Stocks. There are a number of ways to evaluate relative strength, but one simple way that's already a part of the StockCharts.com trading platform is to view top SCTRs (acronym for StockCharts Technical Rank).
1 day ago · Traders should deeply understand their own charting style and not rely on the views of other people. 7. Stay Committed towards their work. Traders who work professionally always stay dedicated and committed towards their work. Distractions in trading lead towards lack of commitment which a trader cannot afford.
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3 days ago · My trade plan involved shorting the market with a tight stop and targeting the VWAP for a quick profit. This strategy was based on the high probability of a pullback after a strong volume surge identified by Hawkeye Volume Radar with no follow-through. I entered the trade at 76.75, with a stop at 76.80, risking five ticks.
5 days ago · Before we begin, remember that trading is risky. Please do not trade with funds you cannot afford to lose. Always be aware of the risks involved in trading. Rule 1: Price Action Trading. Price action trading is the first rule. So, what is price action trading? Price action refers to the movement of a security’s price over time.
2 days ago · What is growth investing? First, it's helpful to understand what growth investing is -- and what it isn't. The approach refers to buying stocks attached to businesses that have attractive...
5 days ago · Market takers tend to turn over their positions less frequently than market makers and, therefore, generally are less concerned about trading costs. There are some market takers who trade frequently, but market makers tend to be far more active in terms of volume and number of transactions, due to the nature of their business.
5 days ago · Some experts believe that no more than 0.5% of your capital should be allocated to any individual trade. This limits your downside risk if a trade sours. A budget of £10,000 should have no more than £50 on an individual trade. Timing is everything. In trading, as in life, timing is critical.
