Trade stocks with high potential of gains of 5% to 10% in 3 to 5 days,
Ensure maximum risk reward ratio that keeps making a profit
Hold positions as long as they move in the planned direction and move stops to protect gains (see examples).
TradeSelector Trading Method
TradeSelector is a stock picks service for short term trading known as Swing Trading.
We enter trades using Technical Analysis: daily price movements, short and long term trends and areas of technical support and resistance.
We use patterns we know have the best odds of being profitable, then create a trading plan with entry, stop and the most likely target price.
We compare the risk to the potential reward and determine if the risk is justified before we enter the trade.
Our low risk balanced method doesn't promise to make huge net portfolio gains (don't believe those that do) but makes a steady consistent gain (see our full Trading Performance ) Look at How We Trade for more infornation, or visit our Sign Up Page for other details.
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USA needs China, but China doesn't need USA. Its only logical what will follow... Why be a slave when u can easily copy and lead? $spy $spx
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RT @Nirav777: $SPX is 1109.11 freaking numbers... $$
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$SPX is 1109.11 freaking numbers...
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This last week the markets bounced and although they have gone higher than we originally thought they would, they did it on very low volume.
It looks like they can continue higher but we believe they are very close to topping out. The charts have not given any signs that they are ready to roll over so we will be looking to the long side this week, but we will be booking gains early and will likely close out all long positions by Friday.
We are bearish and do not believe this move will get any legs but it is a short cover rally and we do not fight the tape. We will switch to the short side as soon as the charts tell us to do so. Conservative traders are best off staying in cash and sitting on their hands until this move plays out. If this is the beginning of a new bullish trend there will be plenty of time to get in on the trend once it is established.
Gold bounced but closed just under resistance and is more likely to go down than it is up at this point. We are still looking for a test of the 114 area before we look to the long side.
The U.S. Dollar came down all week but bounced right on the up trend support line on Friday. It is over sold now so a bounce this week is likely.
Heath Feb 12, 2010 I have been a member of just about everyone on twitter to try and sift through for additional information to help me grow as a trader. I just wanted to let you know you guys and alpha trend are the top of my list by far. Thank you for taking time to help new traders. Parag Dec 13, 2009 I find your analysis, picks and commentary to be exemplary and very hepful and most of all very 'on the money'. Scott Newbury Nov 04, 2009 These guys really know what they are doing and I can recommend their membership to other home gamers. Thanks for the great swing trades guys :)