Home
Up
New Page 51

Co-brand Partnerships

award-5.gif (6517 bytes)

topsite.gif (1668 bytes)

webfifty.gif (6027 bytes)


 
drop_center.gif (2753 bytes)


wpe1.jpg (2095 bytes)


FREE EMAIL
Email Login
Password
New Users Sign Up!
 
MAILING LIST
Sign up for our weekly e-mail newsletter!
Tell Me More!

Enter your e-mail address
subscribe
unsubscribe
NEWS SEARCH
WEB DIRECTORY
WEB SEARCH
 CITY GUIDES
search by:
 WEATHER

Current Weather
Enter Your City, State, or Zipcode:

   

MASTERING
THE TRADE

ORIGINAL, INTERACTIVE SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
 

 
EARNINGS ESTIMATES

Enter Symbol

U.S. QUOTES

Enter Symbol:

U.S. CHARTS

Enter Symbol:

TECHNICAL OPINION

Enter Symbol:

CANADIAN CHARTS

Enter Symbol


 SEC FILINGS

Search For:
 

Company Name
Ticker Symbol

 BROKER RESEARCH
Exclusive Broker

Research
Enter Ticker

 

 

 

 

The Traders Wheel
12/7/98 by Alan Farley

MORE Golden Rules for Traders

Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds our confidence and our wallets. We face many crossroads during each market day. Without a system of discipline for our decision-making, impulse and emotion can undermine skills as we chase the wrong stocks at the worst times.

Technical analysis teaches traders how to execute positions based on numbers, time and volume. Markets echo similar patterns over and over again. The science of trend allows us to build systematic rules to play these repeating formations and avoid the chase:

1. Sell the second high, buy the second low. The first test of any high or low always runs into resistance. Look for the break on the third or fourth try.

2. The trend is your friend in the last hour. As volume cranks up at 3:00pm don’t expect anyone to change the channel.

3. Avoid the open. They see YOU coming sucker.

4. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.

5. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.

6. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.

7. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.

8. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.

9. Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.

10. Beat the crowd in and out the door. You have to take their money before they take yours, period.

mu2.gif (6207 bytes)

 

Reversals at the first test of a new high or low are common. Investors jump out at double tops after missing the first exit while value players buy double bottoms. Skilled traders also use this known reversal tendency to enter counter-trend positions.
Article contributed by The HARD Right Edge, which presents highly original tutorials, strategies and resources on multi-trend technical analysis and and short term trading. Article reprinted here with permission, which presents highly original tutorials, strategies and resources on multi-trend technical analysis and and short term trading. Article reprinted here with permission.
 
 

 

 
Search for it at the TulipSearch Open Directory
Investment Bookstore Investment Newsstand Market Mavens Report

TULIPS AND BEARS NETWORK SITES

 

FINANCE
Tulips and Bears
Contrarian Investing.com
Internet Stock Talk
Traders Message Boards
Traders Press Bookstore

NEWS AND INFORMATION
TulipsWeather
Freewarestop.com
TulipsMail
TulipsEspa´┐Żol
TulipSearch
TulipNews
TulipCards
AllMusicSearch.com
City Guides
Travel Center
Bargain Bloodhound

WEBMASTER TOOLS
TulipXchange
BecomeAnAffiliate.com
TulipDomains
GoSurfTo
TulipStats
TulipHost...coming soon
TulipTools...coming soon
TulipSubmit...coming soon




Questions or Comments? Contact Us

Copyright ´┐Ż 1998-2002 Tulips and Bears LLC.
All Rights Reserved.  Republication of this material,
including posting to message boards or news groups,
without the prior written consent of Tulips and Bears LLC
is strictly prohibited.  'Tulips and Bears' is a registered trademark of Tulips and Bears LLC


Last modified: April 02, 2001

Published By Tulips and Bears LLC