Short Term Traders exit long position on a Daily Red Trade Triangle @ 1,356.22. Intermediate and Long Term traders remain in a long position
Category: General
Trader's Whiteboard: Lesson 4
As traders we tend to think the most important part of trading is making money. This is what we all want, but sometimes we don’t pay enough attention to what is really important and that is protecting our money.
You’ve heard the terms “stop-loss” and “money management” over and over. Most of us are familiar with the basics of a stop, but did you know that there are three different types that you can employ to protect your capital?
Today Adam is going to explain the three types of stops and their respective pros and cons. We invite you to click here and watch today to find out which will work for you and your trading style.
Enjoy!
The MarketClub Team
Saturday Success Story - Edward, Florida
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.
Here's great news from a member...
"Since using the tools that MarketClub offers, I am now able to trade stocks profitably and with confidence. The subscription cost pays for itself in no time. It's the best investment I ever made!" ~ Edward K, Florida
To send your own success story, please email
bl**@in*.com
. We wish all of our members the best and we look forward to hearing your success story.
Poll: Which charting tools do you count on?
Here on the Trader's Blog we talk a lot about MarketClub's "Trade Triangle" buy and sell signals, but even we often look at other indicators. If you're a frequent visitor to the blog, you have undoubtedly noticed that one of Adam's favorites is the Fibonacci retracement.
Like trading styles, the way a trader analyzes a chart can vary from trader to trader and so today we want to know what chart studies you rely on.*
Loading ...After you choose your answer(s), drop us a comment and share why and how you find them to be effective in your trading.
*We don't have enough room to list them all, but if we missed one that you can't live without, leave us a note below and tell us what it is and how you use it.
Trader's Whiteboard: Lesson 3
As you learned in the first Whiteboard lesson, the market will go up, down, or sideways. It’s possible to profit in any trend, but only if you know how.
Join Adam as he shows you how to pick out a trend, trade that trend, and what indicators can help you along the way.
There is no need to register to watch this lesson or this series and please feel free to share with friends and fellow traders.
Enjoy!
The MarketClub Team
