Please click here for my latest video update, which outlines how to check for stocks with earnings, plus new features that will appear in the next 24 hours.
Speaking of our commitment to continuing upgrades, we’re currently developing new filters that we’ll be adding into the TradeFinder in the next few weeks. These new filters will enable us to restrict the results to only the best looking flags. I’ll write more about this when it’s all ready, but in choppy markets these new filters will help you avoid messy patterns at your discretion.
Remember, we are currently in earnings season, and while there are some great looking (bear) flag patterns appearing, make sure you’re completely satisfied that there are no nasty surprises that could affect your trade.
It’s amazing how different traders can see things differently to each other. As one of our most successful students said to me today, “Guy, a monkey can follow the Flag-Trader method and make money consistently… but human emotions can sometimes make people a bit impatient when the system is telling them to sit tight”.
If you stick to my rules, then the worst that will happen will be that some times can be quiet, but even then, your capital is preserved for the next goldrush. And when the markets start to run, the profits come rushing in faster than you can imagine, even with your risk exposure low. So the moral of the story is, stick to my rules, and if in doubt, sit tight and keep observing until you’re ready.
All the best
Guy