What is Support and Resistance? Support and resistance is a stock market concept which gained steam in the 1800s and early 1900s. The idea is that certain price levels have significant imbalance of supply and demand, and serve as market turning points. In plain English, a support level is a price level where buyers […]
One of the things why day trading for a living has a strong appeal for many people is the fact that you can do it anytime and anywhere, without a manager or boss breathing down your neck. You can trade from home or even while traveling, thanks to advances in technology. And, in addition to […]
Predicting market movements with chart patterns is one of the most effective tools for making trade decisions. Chart patterns are pure price-action and the basis of underlying buying and selling pressure. They are formed by support and resistance levels, as well as by more complex versions of trend lines. Patterns have a proven track record, […]
Top-down investing is a forecasting approach that evaluates the broader macro picture before drilling down to look at the finer details. A macro forecasting approach is one where you might first look at global economic growth and factors that analyze global trends before looking at the investment thesis for an individual asset. A top-down approach […]
The bump and run reversal pattern is an advanced chart pattern that helps traders spot the end of a trend and the start of a new one. Below we will go over what the pattern looks like and tips on how you can trade it. What is the bump and run reversal pattern? The […]
The Post-COVID rally has been tremendous after bottoming out in March 2020. However, is it here to stay or is this just a setup for another sell off? Post-COVID Rally On the first of the year, if I told you how the first six months of 2020 were to unfold, I think you’d be […]
The Morning Star might have unpleasant Biblical connotations, but it’s an important bullish pattern for day traders to look for. The Morning Star is a signal that a downtrend could be nearing its end and a reversal to the upside could be on the horizon. On the other hand, the Evening Star is the Anti-bull, […]
Now is one of the best times to learn how to start trading stocks. The market it volatile creating a lot of opportunity for savvy traders knowing what to look for. In this article, we will breakdown the basics, ranging from how to choose a broker, the risks involved, the money you need to get […]
Interest rates play an important role in how markets and economies function. Learn how interest rates affect the stock market and your portfolio below. Intro On March 15th, the Federal Reserve brought its benchmark interest rate down to 0% – 0.25% to combat the economic distress caused by the coronavirus pandemic. source: tradingeconomics.com This […]
One of the key components of achieving consistent success as a day trader is having a well-designed trading edge that specifies how and what you will trade. Whether you are new to trader or have been trading for a while, having a trading edge is important as it helps keep you on track to attain steady […]
