Trading system for trading stocks or options with
sector rotation market trend. Know your chart patterns, odds and
probabilities, take the trade.
You will need a
trading coach.
Believe that if you
believe nothing else.
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WallStWise.com
772-228-8022
email
 "Trader
Thoughts" for
05/26/2012 |
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Learn what
not to
do in order not to lose money
and you begin to
learn what to do in order to win.
You begin to learn!
Stop trying to learn all of this
on your own. It won't work.
Get
"Connect The Dots"
a perfect primer for trading
the market if you're not
ready for training
sessions.
Get it
FREE
upon enrollment!
Save
time,
money, and
lots of
frustration, get a trading coach.
772-228-8022 |
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1...Search |
Broad Market
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Sectors
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Industry
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Trade Decision
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Study the
Environment
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short and long term trend of the S&P500,
Nasdaq, the Dow?
why are the markets behaving that way?
Check
economic calendar for up coming
releases-
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which
sectors are moving the broad
markets?
in a trending market there is always
leadership that rotates over time.
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which
industries
are leading the way?
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trade the stock or the
option?
go long or short, buy a call or a put?
maybe
a
futures
contract?
do I hedge my trade?
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2...Analyze
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Scanning
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Watchlist
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Fundamentals
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Technicals
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Find a
Trade
You now
know the market conditions. Now you need
a stock to trade. We find it by
scanning the sectors and industries.
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do a general scan
to find candidates
in the sector pushing the broad market
up or down.
which industries in that sector is
pushing the sector up or down?
which companies in those industries have
the best looking overall chart?
are the odds in my favor?
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create a bullish
and a bearish watchlist of
stocks picked by your review of the
environment above.
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if the fundamentals of the company are
strong and the chart is positive you
have a higher probability
of success.
off-chart checklist
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what is the chart telling you to
anticipate next and how strong are the
odds and probabilities?
chart checklist
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3...Act |
Entry Price
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Risk/Reward
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Exit Strategy
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Buy or Sell
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We know which one we want. Do
we wait for a sale, or do we pay the
going price? We put together a plan, a
strategy, that will get us our best
price. We execute the plan. |
where does the candle action of the
daily, hourly, 15 and even 5 minute
chart suggest as a good entry point?
Check
economic calendar for up coming
releases.
Check current news on your stock...any
changes?
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if I enter at this price level, how much
would I make until the stock hits its
next level of resistance (if long) or
support level (if short)?Is it worth my
3% risk?
where does the candle action of the
daily, hourly, 15 and even 5 minute
chart suggest as a good entry point?
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where does the candle action of the
daily, hourly, 15 and even 5 minute
chart suggest as a good exit point...at
resistance or support?
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Pull the trigger- do it. You
are not going to make money unless you
are in the
market! |
4...Buy/Sell
Did you win? Did you lose? Move on to your next trade.
Trading is a numbers game,
probabilities and odds that you
can
put in your favor. I will show you how.
Believe it.
772-228-8022
email
or
Enroll
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