New Option Trader

Just found out that Options University is holding a free webinar on Technical Analysis tomorrow night.  Options University is the best place I’ve found to learn about options trading and technical analysis is key for trading options.  These webinars fill up pretty fast so not sure if there’s still room but definitely worth a shot. [...]

Support and Resistance are basic concepts everyone should understand. But, I remember back when I first was introduced to support and resistance I had a lot of questions and was unsure where I was seeing support and where resistance. Last night I was roaming around You Tube and and found a bunch of great videos [...]

The chat is about to begin, I’ll post my notes but these things move pretty fast so I’m not always able to get everything. I’m also just posting things that I think are significant, so I recommend if you want more detail listen/watch it on the chat archive at the Think or Swim site.  They [...]

Candestick patterns should be considered in conjunction with the preceding trend.  For instance, a Bullish Engulfing pattern is significant AFTER a downtrend.  A Bearish Engulfing pattern is significant AFTER and uptrend.  In other words, these are not significant following a sideways movement. Bullish Candlestick Notes: Dojis mean the stock is neutral — they’re not a [...]

Just attended a webinar on finding stocks that are primed to go ballistic.  Here are my notes: Price is above the 10, 50, 200 day moving averages Trade with the larger, longer term trend — moving averages help you do that Look for short corrections in a longer term trend Look at stock’s volume relative [...]