From time to time, we here at the Traders Blog will feature a person or product that stands out in the trading world. Today that trader is Alan Knuckman of the Wizard.com. Alan will be sharing part of his Trend Trade and break out trading strategy. Be sure to comment below with your thoughts and questions.
Hello traders I’m Alan Knuckman, Senior Market Strategist. I can be seen every week on financial television networks such as CNBC, Bloomberg, FOX Business and Reuters. I’m blogging today about my favorite trading strategy and my weekly trend breakouts for the week of November 7th.
With over 20 years plus experience in the markets, it has been proven to me that the real money is made on established trends. Chasing turns and trying to pick tops or bottoms is extremely dangerous and only a gamble at best. Financial success on the other hand is about repeatedly identifying high probability candidates and taking a chunk out of the proven market momentum. Continue reading "The Trend Trade & Breakout Strategy - Two Parts of the Trading Plan"