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stock chart breakout

Don’t Make This Mistake If You Are Going to Trade Breakouts

Aug 23rd

Posted by Craig in Swing Trading Tips

7 comments

I follow a lot of blogs and I have discovered that breakout traders tend to make a common mistake. If they would avoid this one mistake, they might be able to consistently make money trading breakouts.

Take a look at the following scenario:

Continue Reading… Don’t Make This (…)
breakout, stock charts

Why You Should Trade What You See (And Not What You Think)

Aug 15th

Posted by Craig in Uncategorized

5 comments

Here are two traders.

One trades what he sees.

The other trades what she thinks.

Have a great week!

humor
stock market stages

How to Identify Stages Within Stages

Aug 11th

Posted by Craig in Swing Trading Tips

No comments

I first learned about the stages that stocks go through from Stan Weinstein’s book, Secrets For Profiting in Bull and Bear Markets. This was a big turning point for me. It solidified in my mind that I had to buy stocks after a wave of selling had occurred – not before.

The concept is easy to understand. Stocks go through four stages:

Continue Reading… How to Identify (…)
stages, swing trading
swing point or pivot point

2 Entry Strategies For Swing Traders

Aug 1st

Posted by Craig in Entries and Exits

21 comments

There are two types of entries that you can use to establish long or short positions: the standard entry and the aggressive entry. Let’s take a look at both and sort out the pros and cons.

The Standard Entry

The standard entry is described on my website in detail but it mainly consists of three candles. A swing point high (some traders call it a “pivot” high) consists of a high, a higher high, and then a lower high. A swing point low (or a “pivot” low) consists of a low, a lower low, and then a higher low.

This is much easier to understand by looking at a chart:

Continue Reading… 2 Entry Strategies (…)
candlestick patterns, piercing candlestick pattern
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    • 5 Swing Trading Short Setups (42)
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    • 2 Entry Strategies For Swing Traders (21)
    • How One Simple Rule Can Make You a Better Swing Trader (17)
    • Don’t Make This Mistake If You Are Going to Trade Breakouts (7)
    • Why I Shorted Electronic Arts (ERTS) (6)
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    • Is the Death Cross Bearish? Maybe Not… (5)
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    • Dean: Yup...excellent example! And high volume on the breakout..very important.
    • Lewis: Hi Craig, I like your new site. I have a question on selecting stocks to trade base on the TAZ...
    • Joseph: WELL DONE Craig!!! Simple and POWERFUL observation!!!
    • Craig: Thanks Kevin! I do like to trade cup/handle patterns where I buy on the pullback (handle) and sell...
    • Kevin: Great post....thanks. Do you normally trade cup/handle patterns....in the case of QSFT, would you...
    • Mike: Forget trading the breakout, wait for it to fall and test the breakout price to confirm support....
    • Mike: A key thing to consider is where the stock is basing prior to the breakout. In chart one, to Craigs...
    • Alex: Awesome tip Craig! I'm going to post this on my monitor because it's such an obvious, yet...
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  • Recent Posts

    • Don’t Make This Mistake If You Are Going to Trade Breakouts
    • Why You Should Trade What You See (And Not What You Think)
    • How to Identify Stages Within Stages
    • 2 Entry Strategies For Swing Traders
    • Why I Shorted Career Education Corp (CECO)
    • Why I Quit Using Stop Loss Orders
    • 5 Swing Trading Short Setups
    • Is the Death Cross Bearish? Maybe Not…
    • 3 Reasons Why Trading Breakouts is a Losers Game
    • How One Simple Rule Can Make You a Better Swing Trader
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