Channeling stocks can be great trades in the stock market. This video demonstrates a simple technique that provide even more success when trading channeling stocks, or rolling stocks.


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Top Dog Trading
1534 N. Moorpark Rd Thousand OaksCA91360 USA 
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I get a lot of the same questions from new traders, and they are very, very good ones.

So I decided to go ahead and post some resources for you “newbies” to get your answers. This way not only can you get the answers to the questions you’re asking me, but you’ll also have the resources to find answers to other questions that may come up in the future.

Disclosure: I recommend the resources below because I feel they are of great value, but I want you to know that I am a compensated affiliate with Amazon.com for all the books listed, INO TV and Trading Mind.

Here are some of the most common questions I receive from new traders:

1. MOVING AVERAGES: What are they and how are they calculated?

A great resource for these questions: Stockcharts.com Chart School

Go there and click the letter of the term you’re looking up, or type it into the “Search the Site” at the top left of the navigation bar.

2. ORDERS:

  • What is a market order?
  • What is a limit order?
  • What is a stop ?
  • What is a stop limit?

A great resource for these questions: Stockcharts.com Glossary

Go there and click the letter of the term you’re looking up, or type it into the “Search the Site” at the top left of the navigation bar.

3. WHAT IS A GOOD BOOK FOR BEGINNERS TO LEARN THE BASICS OF TECHNICAL ANALYSIS?

I’ve had good feedback from new traders on “Technical Analysis for Dummies.”

4. WHAT TRADING COURSES DO YOU RECOMMEND?

Of course I like my own courses the best! You can read all about them here: Top Dog Trading Courses.

Beyond that, INO TV is an incredible value. For a very, very low price you get access to video trading seminars from some of the biggest names in trading without having to pay for each course.

5. WHAT DO YOU RECOMMEND FOR CHARTING SOFTWARE, BROKERS, ETC.?

Visit my Recommended Resources page where I list all of these.

6. WHAT IS YOUR FAVORITE TRADING BOOK?

High Probability Trading” by Marcel Link

7. I NEED HELP WITH TRADING PSYCHOLOGY. WHAT DO YOU RECOMMEND?

“Trading Mind” hypnosis CD-ROM by Jake Bernstein

Trading in the Zone” by Mark Douglas

8. WHERE CAN I GET FREE DAILY CHARTS?

Stockcharts.com

9. WHAT ARE THE BEST TIME (CHART) INTERVALS FOR TRADING?I’ve addressed this in detail in 2 former posts in my blog. You can view them here:

What is the Best Interval for Day Trading?

and here:

What is the Best Interval for Day Trading? Part 2.

10.  WHAT ARE GOOD RESOURCES WHERE I LOOK UP WORDS AND TERMS ABOUT THE MARKETS TO LEARN MORE?

ChartSchool

Investopedia

InvestorWords

I hope you find these resources helpful.

Happy Trades!

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Using Fibonacci levels to accurately find support and resistance in the markets for day trading and swing trading.

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In case you haven’t noticed, the markets have made a slight turn for the worse.

Some would call it a NOSE DIVE!

Volatility was very slight as the market was moving up, but now that the market has turned down, volatility has increased dramatically.

Note the increase in the range of the bars in a short period of time as the market started moving down on the S&P 500 chart below.

What could account for this?

A case could be made for volatility cycles, but they are so irregular that it’s tough to find any meaning or predictability in them.

There’s another, more fundamental, issue that may be causing this increase in volatility, especially since it has been isolated to the downside.

On July 3, the SEC’s elimination of the uptick rule was put into effect.

The uptick rules was established in 1934 and stated that a stock could only be shorted (sold before bought) if its current price was higher than its previous price.

The purpose of the rule was to prevent traders from artificially driving stocks down and then buying them back at lower prices.

3 years ago the SEC began a pilot program in which it suspended the uptick rule for some high volume stocks. The experiment was designed to determine if eliminating the uptick rule would have an overly negative impact on stock pricing.

The results of the pilot program were seen as favorable and so the uptick rule was officially eliminated on July 3rd of this year.

Exchange Traded Funds such as the SPY and QQQQ have never been subject to the uptick rule.

Proponents say that the uptick rule imposed an artificial hindrance on pricing, and that it is best to allow the free market to determine stock prices.

Did the elimination of the uptick rule contribute to the dramatic increase of volatility to the downside in the last month?

A look at the $VIX index shows that this is by far the greatest volatility we’ve experienced in several years.

Perhaps we’ll never know for sure if the elimination of the uptick rule is the cause, but it’s something to keep in mind as we continue to watch what could be a new ability for the markets to move down faster and with less hindrance.

S&P 500

$VIX

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