Day_Trading_Wizard_-_Using_High_Probability_Support_and_Resistence_Levels

《Day_Trading_Wizard_-_Using_High_Probability_Support_and_Resistence_Levels》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、Thistutorialwasoriginallytitled"SecretstoSuccessfulShort-TermTrading"andwasrecordedattheOnlineTradingExpoDayTradingWizardUsingHighProbabilitySupportandResistanceLevelswithTonyOzWehavediscussedtheimportanceofresearch,strategyandexecutiontosuccessfultrading.Herearesomeofthepointsyoushouldinc

2、ludeineachoneofthesestages.Analyzetheoverallmarketfirst.Youmustknowthedirectionthemarketisgoingin.ItisgoodtotakealookatthedailychartofboththeDowandtheNasdaqandseewhereshorttermsupportandresistancelevelslie.Writedowntheselevelsandmonitorthemthroughoutthetradingday.Analyzewhichsectorsarestro

3、ngandwhichareweak.Youwanttobethestrongestsectorinabullmarketandtheweakestsectorinabearmarket.Monitorthemoneyflowfromonesectortotheother.OnceyouhaveaCLEARideaastowhichdirectionthemarketisgoingandwhichindustryistheonetobelongorshort,analyzeindividualstocksandwriteoutatradingplanforeachcandid

4、ateyouhave.Followtheguidelinesfeaturedinthevideo.Alwaystradeinyourcomfortlevelanddonotputalltheeggsinonebasket.Adheretoyourtradingplan'spricetargetsandstoploss.Sellatleastapartofyourpositionatyourpricetargettoputyourselfinawin/winsituation.Ifastockgapsupoveryourentryprice,donotchaseit.Ifyo

5、ustilllikeittryandbuyapullback.Inchoppymarkets,takequickprofits.Intrendingmarkets,squeezeyourwinners.Bediversifiedifyouaretakingovernightpositions.Whilemanagingyourtrades,keepaneyeonthemajorindexes.includingthebondmarket.Whenyourpositionisinthemoney,moveyourstoptobreak-even.donotletaprofit

6、turnintoaloss."Inthemoney''isdifferentforeachandeverystock,dependingonvolatility.Forinstance,beingupapointortwoonJNPRisnotreallybeinginthemoney,becausethestockcanmove20pointsin10minutes,soaonetotwopointmovementisamustwiggleHowever,beingupapointonastocklikeCSCOorMSFTmeansthatyouareinthemone

7、y,sodonotletthatpositionturnintoaloss.Trailyourstopwithalogicalriskrewardratio.Forinstance,ifyoubuyXYZstockat75andyourpricetargetis95,andthestockistradingat90,youcan'tletthestockfallbackto80.Youcan'trisk10pointstotryandcapture5points.Inthiscase,Iwouldbestopped