Prior to joining the trading room, I would spend ALL day examining the charts for my watchlist... painfully looking for a trading opportunity. I wasted so much time! Then, on just my first session in the trading room, I discovered how to identify potential trading opportunities in a matter of seconds... it's all to do with the day's "price bar".
Basically, what I've learned from John in the trading room is that you need to identify the day as either "bullish up" or "bearish down" or "rubbish day". If it's an up or down day, then you should spend time checking indicators etc. (stuff you learn in the room). If it's a "rubbish day", then the magic word is "NEXT" and you don't need to waste any more time on that stock.
THIS SAVES ME HOURS AND HOURS EVERY DAY!
To help you get the gist of what I'm talking about, check out this PDF written by John Howell - my trading room mentor. NOTE: If you get an Adobe Acrobat error when clicking this link to open... you can work around it by just right-clicking to save the file to your computer and then open it from there... here is the free PDF Trading Room Price Bar Entry Signals. Enjoy.
7 years ago
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