When bungee jumpers plummet off a bridge, what happens?
They pop back up, right?
The very same thing happens with stocks when they become too overbought or oversold. And if we can position ourselves for the exact moment the “snap back” happens, we can make money. And it’s actually quite easy to spot.Read More
One of the best ways to become a great trader is to try new things.
Unfortunately, there’s no such thing as a perfect strategy. But if you’re willing to trade outside of the box, if you will, you can become a better trader.Read More
When it comes to technical analysis, moving averages are essential.
For example, for more than 20 years, I’ve relied on two specifically – the 50-day and the 200-day simply moving average.Read More
Here is one chart pattern that I personally like to use.
It's called the J-Hook Pattern, because it takes the shape of the letter J.
Typically, these are found in a stock uptrend. At some point, the price of the stock pulls back to a point of indecision, which can often be marked by a doji cross candlestick. From there, prices begin to rise, creating a J-hook pattern. From there, we typically see a resumption of trend.Read More
In early October, 2018, gold may have found its bottom.
After plunging for the last six months, prices were in the longest streak of losses in about 30 years. Just since April 2018, gold prices sank from $1,360 to a current price of $1,180.
The idea that drawing lines on a chart can make you money has been a matter of contention for years. But the fact remains that those lines are quite helpful.Read More