Today, we're going to discuss indicators and help you set up moving averages on your own trading charts.
Today, we're going to discuss indicators and help you set up moving averages on your own trading charts. A moving average is a very common indicator that helps us understand relatively quickly if the market is going up or down. Whether you are using TradingView or another charting platform, moving averages should be available to you. But not every moving average serves a purpose… You sometimes need to change the time periods used to calculate the moving averages in order to get relevant information about the market. I'll explain how to do all of this and much more in today's video, so watch now! | |
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The bulls tried to stabilize the market when it reopened on Monday, but Tuesday's session was another big bearish day. This week, the crude oil futures market (CL) is pushing back into the buy zone, which could lead to a big upside move. I've been able to essentially capture a day's pay in a short period of time and then step away from all the volatility. | |
"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks." - Warren Buffett Sometimes, what appears to be a good trade turns bad and ends up costing you money. While we all want to avoid such transactions, there's no such thing as a perfect trading record. You can't control the market, but you can control how you react to a bad trade. One of the most important things to remember is don't get stuck in a trade that's turned against you! Digging your hole deeper will only hurt your bottom line. The point of trading is to grow your wealth, not throw it away on a trade that's not going to rebound. Take the time to analyze your situation and cut your losses if needed. There's no shame in jumping out of a trade once you know the odds are stacked against you. Get out, reassess and use the experience as a way to improve your strategy. Don't try to patch a sinking ship! | |
Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. | |
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