He may be reached at. Clicking the links below takes you to Amazon.

If you buy ANYTHING, they pay for the referral. You alone are responsible for your investment decisions. This page serves as a checklist to improve your trading results. Consult it before you buy or sell a stock. If you want to develop or polish your skills trading chart patterns, then visit the daily quiz.

Download one each day and practice identifying chart patterns, placing stops, and picking price targets. Many traders have remarked that they enjoy taking the quizzes and it has helped turn money losing performance into a winning one.

Stock trading checklist

The following checklist is based on information contained in my book, Getting Started in Chart Patterns, Second Edition. If you click on this link and then buy the book or anything at Amazon. I know Karate, Kung Fu and several other dangerous words. Subscribe to RSS feeds. He may be reached at Support this site!

Summary This page serves as a checklist to improve your trading results. General trading tips Trading psychology See Also Trading Checklist: Before Buying Check the markets and trade in the direction of the prevailing market trend. Are other stocks in the same industry moving the same way?

Swing Trading: Stocks, Strategies, and Resources

Are they showing signs of topping out or bottoming? Which stock leads the pack? Study it for clues to future price direction. Check industry relative strength. Make sure the industry is top ranked. See Industry Relative Strength Look at the weekly scale or the next higher scale for any threatening chart patterns. Is the swing trade stock checklist trending in the same direction as on the shorter time scale?

Do you see any existing chart patterns? Do you see underlying support or overhead resistance? Draw trendlines to see where price may intersect them. Score the chart pattern. See my book, Trading Classic Chart Patterns pictured on the right to gauge how likely the chart pattern will work. I have a taste of the scoring system here.

Find another chart pattern in the swing trade stock checklist stock and see how it performed in the past. Check your favorite indicators. What are they telling you?

Relative strength index RSI: I use this for divergence and as an indicator of overbought too pricey or oversold too symfony2 form entity option value. When the bands narrow low volatility that tells me price is going to make a big move.

Price often bounces from one band to the other, especially when the band is horizontal and price touches it. Is the stock price diverging from the indicator?

Is the indicator signaling a trade? Check for failure swingslittle M or W shaped patterns that may signal a short-term reversal. Review the industry relative strength. How is this industry doing compared to others?

You'll find that industries performing well will continue to do well, usually for months. See Also These psychology articles provide additional insight into the mind. How long to you need to hold onto a stock? Which day of the week is the best one to buy or sell? Can buying at the end of the worst performing month and selling at the best performing be profitable? Does the market rise or fall before and after holidays? Chart patterns in small cap stocks outperform. What are the best months to buy and sell stocks?

How to pick stockspart 1. How to pick stockspart 2. Learn how to prevent buying too soon. Discover what attributes they share.