Trading For Dummies

Trading For Dummies

Michael Griffis, Lita Epstein

Language: English

Pages: 384

ISBN: 0470438401

Format: PDF / Kindle (mobi) / ePub


Making informed trading decisions regardless of the market's condition

Savvy traders can make money in both up and down markets. Trading For Dummies, Second Edition is for investors at all levels who are looking for a clear guide to successfully trading stocks in any type of market. It is also for investors who have experience trading and who are looking for new, proven methods to enhance the profitability of their investments. This no-nonsense guide presents a proven system for analyzing stocks, trends, and indicators and setting a buy-and-sell range beforehand to decrease risk in any type of market. It stresses the practice of position trading, conducting technical analysis on a company and its performance, and research methods that enable the trader to strategically select both an entry and exit point before a stock is even purchased. This updated guide features updated stock charts, position trading tips and techniques, and fresh ways to analyze trends and indicators.

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for exiting a position before ever trading into it is the best way to protect your business from major losses. Stick with those predetermined exit prices and you’ll avoid a major pitfall that many traders face — Chapter 1: The Ups and Downs of Trading Stocks holding a position too long and losing everything. You obviously don’t want to turn a profit into a loss, so as your position in a stock produces a profit, you can periodically raise your target exit price while continuing to hold the

10 Taking Time to Trade More Than Just Stocks............................................ 10 Position trading..................................................................................... 10 Short-term swing trading..................................................................... 11 Day trading............................................................................................ 11 Going Long or

Exchanges and almost never accept a stop order for OTC stocks. If you intend to use stop orders, make sure that you ✓ Check with the brokers you’re planning to use to ensure that they accept stop orders. ✓ Find out what your brokers charge for stop orders. ✓ Review how your broker’s stop orders work, so you don’t run into surprises. After all, you don’t want to execute a stop order and end up selling a stock that you didn’t intend to sell or at a price you find unacceptable. Stop-limit

your position right away. We use trend lines for guidance while trading, but rarely do we make decisions solely on the basis of a trend-line penetration. Although initiating short-term positions in the direction of the dominant trend is possible by using channels to enter and exit the position, doing so is very difficult, and few traders are able to engage in that practice profitably. Some traders take this concept even one step farther by trying to take positions in opposition to the dominant

stochastic oscillator moves from below to above 20 percent, triggering a buy signal ✓ When the stochastic oscillator moves from above to below 80 percent, triggering a sell signal Figure 11-4 shows a slow stochastic oscillator on a price chart for Apple (AAPL). Note the transitions from below to above 20 percent that occurred in February, April, August, and November. All three represented good entry opportunities for this uptrend. Also note that the stochastic buy signals coincided with a

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