VALUES
Absolutely certain I wouldn’t be where I am without the help of others, I hope to pass on a few valuable tips to another up-and-coming trader. If I can help one person who has a desire to learn the basics of this fabulous world of Trade Signals, I’ve succeeded!
As Earl Nightingale says: Live to Serve, and your business dream will Grow.
So neither this site nor this Blog is followed by a pitch. In fact, trading aside, I hope to see you enliven your dream by just one thing said here. Your dream to live free. If that involves Swing Trading then BAM!
MY STORY
When I opened my first trading account, deposited $300, I was so excited. I was gonna trade stocks, perhaps one day for a living. Totally FREE to make money, coffee break, succeed or fail. No boss, but the Market.
I knew next to nothing.
I logged in. Selected a stock. CSCO. Eyeballed the chart, clueless what to look for – it was a simple analysis.
8:30 AM pre-market I placed my first trade. Five shares, I told the broker, who was just the screen of my Dashboard. My heart was pounding. Double checked the order. And hit BUY…
Market open. Green! My first profit. I let her run. Thrilled by the easy of this new “business”.
Then RED. It was early morning rush of orders I found out later, the CISCO run reversed. In ten minutes GREEN again. Back in profit. Not gonna be greedy. I sold. $25 profit.
Twenty-five bucks!
What a rush! I’ll take my wife out. Nice dinner. And that BMW she’d like. I’ll surprise her…one day. Anything’s possible!
THE METHOD
Every successful trader has a method. And a few good rules.
I devised a method. Simpler the better. Mine was the chart.
I compared price waves. Highs. Lows. Simple pulse and blood pressure-like correlation. In a few weeks I was seeing patterns. Another week, I had a method.
Few traders KNOW… that the Market shows its Hand ♠️!
That includes the big boys.
They telegraph – they can’t NOT show. Which is good news to traders who know how to see their SIGNALS.
If a novice trader only knew the signal or where to look, he or she could be ahead of it. Yes, even predict tomorrow’s move. You can minimize risk, make money, and avoid trouble.
The “trick” is how to simply see it and that involves knowing where.
In Naval Basic Training we used to say “Hey! You get the gouge?”
Gouge was critical information in Basic. And so it is in the Market.
One work at home mom, Toni Turner was given an invitation to go to Wall Street, train under the best. Toni’s published books Swing Trading, Day Trading Are the real deal, because Toni was a trader. Not just an author. She got the gouge on the street. She had a method. And she knew SIGNALS.
THE SIGNALS
Your home foundation as an aspiring trader is your Method. Hands down, have or acquire a method, which has rules and “improvement talks”. I’ll share concept with my wife…
“That’s nice dear,” she’ll say.
But. we have talks. Losing money — happens. We talk about that too. Relegate small losses to the cost of tuition. Big Losses and Bad Ideas get evaluated and Bad Ideas get promptly and summarily tossed.
Swing traders must adopt a method which instructs to BUY and to SELL according to specific SIGNALS. Simpler the better. Predictive if possible.
Secondly, your edge is information . Your method requires some information more than your Uncle’s stock tip. And that information should trigger a Buy or Sell. Another eord for trigger is signal. Your method defines precisely what to look for and where to find those SIGNALS.
What kind of SIGNAL? A basic stock chart — I use Bigcharts — acknowledges CSCO’s stock price went up today BUT she went up on weakness.
The fact that YOU see and recognize a SIGNAL of weakness, though price is rising, is huge! You’re on your way to freelance swing trading.
Aside: By the way, trading is not and should never be about the money or the account balance. It’s one thing: Were you correct? Did you profit because your method works and you followed its rules. That’s it. Money comes and goes. We make it, give it, spend it, and try not to make it our God. Most important. The trader who fails to see this will never be great. But instead he or she will be tossed about by the winds of emotion.
Valuable intel displayed in a chart for CSCO or anything else, foretelling tomorrow or next week that she’ll sell-off or buy-up is income to you. Your business edge.
Next POST on theWhooph we’ll talk about repeating the your wins. Repeatability. If a method is not repeatable, that trading method needs revamping.
Market Booms and crashes are easy navigate if you have a trading method and navigational MARKET SIGNALS 🛜
Thank you for tuning to the Whooph!
