Some say you shouldn’t pick market tops and bottoms. If you don’t have the right trading methodology then I would agree. But if you do have the right methodology and understand how to get market context you’ll gain insight into effectively managing your trades that others don’t have.
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Every Wednesday at 9:00 AM New York Time
Join Todd Gordon of TradingAnalysis as he takes you through the week’s most important themes and trading opportunities.
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Vlog 33 – For Trading, FORGET What You Learned In College
It’s time to make your draft picks at the CNBC 2017 Stock Draft. Join me behind the scenes and meet the teams picking our best horse to take us to the Superbowl – of stocks….
Intro To Fibonacci Price Tools and Live Options Trading
Let’s introduce you to two key tools of Fibonacci price analysis and then apply the tool to NVDA and GOOGL. From there Todd will execute a live options trade in GOOGL based on the Fibonacci work
Hi Todd:
If you where to start a new be to trade , where would you start? I am becoming so confused about volume, fib’s , the news? So many different voices in the trading world. I am looking for one formula that We could master and then add to the repertoire. If you can, please help! Thank you
Cathy
Hi Cathy,
Yes, there is a sea of information out there to help you learn to trade. Unfortunately, there are so many ways to skin this cat you have to do a bit of searching and testing to see which kind of analysis style will fit your personality. Because when you’re in a trade and your emotions are kicking in, you have to be fully committed to your chosen style because if you start “indicator hopping” in the middle of a trade, you’re doomed. You have to find a style of technical analysis, someone you trust and relate to, and fully commit to their sytle. Window shop for a while, but when you’ve found your match, commit. Does that help?