Support and Resistance Levels Resistance is not futile!   A resistance level is just what its name implies, an area in which resistance to further advance or decline is evident.  Resistance levels are generally seen when the market is in what may be termed the marking time stage between important moves.  The market spends most [...]

Day trading for all intents and purposes pays little or no attention to the fundamental aspects of trading.  This is primarily because there is little time to do any sound research while a stock is in motion in order to make your intraday decisions.  For this reason day traders will rely more on news than [...]

So many people ask me why I trade! The easiest answer is because I love the feeling of winning. Each time I execute a trade I am competing against someone else who has money in his or her pocket, and I want it, just the same as they want mine. Just like in a football [...]

COMPONENTS OF A TRADE There are three main components of a trade, I will try and break each component down to more specific elements, for new traders learn and understand what these talking points mean. We invite seasoned traders to expand on these points 1. Stock selection and number of shares 2. Timing into a [...]

Charts do indeed have their limitations. There are both good and bad elements. On the negative side is the adverse predisposition of more than a few traders who use a chart as a crystal ball instead of merely a tool. The trader must make the decisions not the charts. Although charts can signal opportunities with [...]