Hot Trading Tips of
the Week -
Hot Trading Tip 6 - Follow
through day
When you get a follow-through day, signaling that the market
is beginning a new uptrend, the vast majority of investors
simply do not believe it's for real. They are scared to death
and are so busy licking their wounds from all negatively of
a downtrend they they are conditioned to doubt and be afraid
of every rally. Many of the best bull runs start out this
way.
Hot Trading Tip 5 - Trend is
your friend
The trend is your friend. Position your trades based on the
market's overall direction. It just makes COMMON SENSE!
Hot Trading Tip 3 - Faulty ditribution
If the market logs three to five ditribution days, and most
of these days show an index price spread from the high to
the low of the day that is very small, and the amount of the
actual price decline from the prior day is also very small,
even though there is a volume increase and the price closes
down, the movement is not significant. These types of distribution
days may not be enough to cause the market to turn down.
Hot Trading Tip 2 - Accumulation
The average investor, stockbroker, or academic never takes
the time to check or learn to read a chart properly or, due
to disbelief or pure ignorance, does not understand how important
it is to be able to spot volume accumulation or distribution
in a chart pattern. This is like a doctor never taking blood
tests or x-rays to see what is actually going on with a patient's
health.
Hot Trading Tip 1
- MIstakes
Plot out your mistakes on charts, study them, and write some
additional rules in order to correct your mistakes and the
actions that cost you money.
Just like a good boy scout…BE PREPARED. A day of reckoning
is coming and if we are ready… major profits will follow.
Have a profitable day,
MARC BARHONOVICH
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