Hello traders everywhere. It would appear as though the holidays are already here with very thin trading and very little action in yesterday's market. Sometimes when markets are in this mode, you have to be extra careful because volatility can kick in at any moment and drive a market sharply higher or lower because of lower trading volume.
I'm going to continue the same theme today as yesterday with two more trading lessons from the "Traders Whiteboard Series".
Let's take a look at what you're going to learn in today's lessons. In lesson 3, I am going to share with you the type of technical tools you should be using to trade in markets that are moving up, down or sideways. I think you will find this lesson very helpful in quickly showing you which technical tools to use and when.
In lesson 4, I am going to be looking at money management and stops. Recently the New York Stock Exchange announced that they would no longer accept stop orders to protect capital. I think this is a big mistake, however I think it was implemented because of the high frequency trading that has been hitting on all the orders. Personally I think it is a mistake to deprive investors of a way to protect their capital, however there are many other exchanges that do accept stop loss orders to protect your capital. You will also learn about the art of money management in lesson 4.
Here are today's two featured lessons:
Lesson 3 shows you quickly how to define if a market is trending or in a broad trading range. I then show you which technical tools are best to use in that type of market.
View Lesson 3 Here.
Lesson 4 teaches you about money management and how you can protect your capital in different market conditions.
View Lesson 4 Here.
Our main mission here at MarketClub is to help you become a better trader. I honestly believe that by learning the basic fundamentals of trading you will be well prepared to face any market scenario that comes your way in the future.
In tomorrow's blog post and two trading lessons, I will talk about "the irrefutable laws of the market" and how they haven't changed in over a century. You won't want to miss tomorrow's blog post.
Once again, thank you for your business during this Thanksgiving week. If you have any questions that you would like to pose about the lessons or the market itself, please feel free to do so below this post.
Stay focused and disciplined.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
