In his recently released book Unknown Market Wizards, Jack Schwager gave an excellent definition of the breakout trade: “A breakout is a price movement above or below a prior trading range (sideways movement in prices) or consolidation pattern (e.g., triangle, flag, etc.). The underlying concept is that the ability of prices to move beyond […]
It was recently announced that Tesla would be added to the S&P 500 index before the open on December 21, 2020, ending years of speculation by Tesla fans and critics about the S&P index committee’s hesitation to include the controversial automaker. The inclusion would make Tesla, sitting at a $594 billion market cap, one of […]
Know someone who’s a day trader and want to buy them something extra special for the holidays?? We’ve got you covered with some of the best gift ideas for day traders! Gaming Keyboard & Mouse Combo by Redragon ASUS Gaming Monitor ASUS Portable Monitor for traders on the move Adjustable […]
Want to know how to buy Doordash stock? Great, you’re in the right place! The 2020 calendar year will long be remembered in the eyes of many stock traders as the year of the coronavirus pandemic. With more than one million people across the globe already dead from the deadly virus and tens of millions infected, we […]
Japanese candlestick chart patterns are a way to read and interpret the price of financial instruments. Over the last few decades, traders have been using them to make trading decisions and predict the short-term direction of the price of market instruments. Candlesticks are believed to have been invented in the 1700s by Japanese rice trader called Munehisa […]
Candlestick patterns are representations of market data. They give a clear picture of market movements and tell us a lot about how buyers and sellers interacted at any given time. In this post, we are going to talk about an important Japanese candlestick pattern called bullish abandoned baby pattern. We will explain what it […]
At a time when many traders are scratching their heads trying to understand how stocks can rise during the biggest economic downturn in nearly a century, it is more important than ever to use candlestick patterns within your own day trading strategy to understand price action. Candlestick patterns tell traders about price trends and the market sentiment. They have […]
The cannabis industry was a big-time winner in the 2020 elections. Full recreational adult use was on the ballot in four states and it passed in all of them. Don’t be surprised if you hear politicians stressing this issue more in the future as the results are clear: cannabis legalization is a winning issue. […]
The crowd is always wrong, right? Maybe most of the time. But the idea of “buying the dip” in the stock market might be a rare example of the wisdom of crowds at play in financial markets. It’s an old idea with heaps of academic support. That’s not to say that the […]
If you would like to become a successful day trader, it is important to know your chart patterns inside and out. Chart patterns are formed over time and comprise of multiple candlesticks. They are popular among traders because they have the ability to predict future price-action with a high probability. There are several useful […]
