Let’s talk about the phase we are currently in at the moment: The distribution phase. This phase is characterized by some periods of volatility, but primarily is a period of consolidation. Control of the market begins to shift from buyers to the sellers, as traders and institutions begin to take their profits from the run-up …
Read moreThe Distribution Phase: Mastering Market Cycles Day 3
Yesterday we talked about the accumulation phase, a period of consolidation in the markets. Today we are going to talk about a trending phase: The run-up phase. This is the best phase for new traders to make money if they learn and master the correct setups. Today we are going to talk about all of …
It is easy to see price action in the stock market as random. Some days stocks go up, and some days stocks go down. Some days they go up a lot, and some days they go down a lot. To the average person, the financial markets seem just like a casino. But the reality is …
Read moreThe Accumulation Phase: Mastering Market Cycles Day 1
Patterns within a stock can help you optimize your entries by gifting you a precise high probability entry point that has dual functions. First, the likelihood of a successful trade increases the more the pattern has proved itself reliable. Second, and most important, the pattern gives you the structure for a defined low risk entry. …
Read moreApple and the Remount Trade (Detailed Breakdown of the Money Setup!)
Every single trader makes mistakes. Usually on a daily basis. And often it’s the same mistake that you’ve made 100’s of times before. Why? Because no matter how experienced or rich you are, we are all human. This means we all have the same weaknesses, and are subject to the same emotions that are harmful …
Read moreSimple Trading Mistakes That Can Cost You Big Money
One of best parts about trading for a living is that you can do it from anywhere in the world. For profitable trading on the road, you need to treat trading like a job. This is not a vacation but a lifestyle so you need to be able to make money while you’re away. You need …