"Online Trading for Financial Freedom" comes to you in digital format. I did this so you can pick up your copy right now and have it downloaded onto your computer and be reading it in less than two minutes.
No need to drag a CD player into your office, or worry if your computer is able to play teaching videos. It's an in-depth, lively read and I took a lot of care when I wrote it.
For one thing, I made sure there was nothing unnecessary in it. No fat. No filler. No fluff. No padded out history lessons. And certainly no long-winded explanations of unnecessary technical theories.
You want to get straight to the point and discover quickly and clearly what our stock strategy is. So what I've given to you is a well-paced explanation of everything you need to know so you can apply the strategy to your trading immediately.
If you are a beginning trader, you should try and stay with the trend trading until you learn how to trade the stock market. The moves are easier to see and predict and the losses will come at a slower rate to protect profits. Trading in the direction of the larger term trend and the stock markets will make this happen. If you do choose to trade counter trend, then there are several things you should think about. Your stock trading skill level, the stock market direction and the supply demand trend of the stock. Has the stock or company had good or bad news that can effect the price movement.
Counter trend trading should only be done by traders who have experience with their platform and technical analysis charting skills. Traders are trading a correction which might move very fast against you if you miss the proper exit point. So the use of stop losses are important. This requires traders to be able to interpret the difference between a pullback and a reversal in trend as well as having the knowledge of your trading platform and ability to execute orders quickly. When you trade counter trend, you must also be mindful of the broad market's direction and potential turning points. Just as we saw the bullish market pulling weak stocks upward in the below stock chart. Be prepared to exit a counter trend trade if the market hits supply or demand even if your stock doesn't. The power of the markets over individual stocks is great especially if bad news has been reported.