GM looks promising … And There Are Just 11 Days Left …
After a drought of railroad tracks, yesterday’s action has produced a relative deluge. GM is the one I’m highlighting today as it is resting on a key level, AND it is still within a consolidation that formed after it gapped at earnings.
This is precisely the setup that I’ll be teaching at my workshop on 28th November, and that you’ll be able to identify in a click of your mouse with my specialise filters only for delegates.
About Yesterday’s Reversal:
Yesterday before the open I tweeted that although the pre-market was down, I expected a reversal in the next couple of days.
That’s a pretty decent call, and I’d also mentioned a similar theme to a private student on Friday:
It didn’t happen on Friday of course, but it did happen yesterday, with several indices putting in identifiable railroad track setups.
The ONLY issue is that the OVI barely registered with them, and they occurred with low volume, so I do expect a degree of uncertainty to remain.
Just 11 Days Left … Follow the Links If You Haven’t Already Registered
One of the great advantages of using my methods, is that anyone can learn and implement them in very quick time.
Trading is ultimately a numbers game and you need to have a method that can beat the odds.
Why Stocks … And Why NOT Forex!
You may wonder why I focus on stocks when so many others are lured to forex. Well the first reason is that with stocks you can tilt the odds in your favour (as we do in our own unique way) and with forex you simply cannot.
More fortunes have been made in stocks than any other financial instrument. This is why the likes of Buffett, Icahn and O’Neil have created their fortunes … with stocks!
Follow this link to learn the key parts to my method in just a few minutes
Over the years many of my students have originally found me after learning harsh lessons in forex.
Forex is a negative sum game
While there are a few very skilled forex traders out there, the fact is that forex inherently gives traders no advantage whatsoever. There are no obvious footprints to follow.
Furthermore, for you to make a profit in forex, someone else has to lose. No new money and no value is created in the forex market. In fact, with transaction costs included, forex becomes a negative sum game, meaning the collective wealth of all forex traders must decrease with time. Ok, some traders are able to make it work for a while, but they tend to (a) work at the major banks, (b) enjoy the lowest transaction costs and (c) have access to information quicker than anyone else.
In conclusion, it is nearly impossible for the little guy to compete in the forex market.
Trading stocks is a positive sum game
Shares represent part ownership in a business that exists to create value, make money and grow. This is why the stock market has a tendency to rise with time and create added value for stock owners. No-one has to lose for you to win in the medium term. When your shares increase in price it’s ultimately because the company increased its perceived value over time. The person who sold the shares to you may have also made a profit.
Because those with knowledge trade in the stock market, they leave tracks behind that can be followed. My methods are designed to find those tracks so we can follow them.
Follow this link for a summary of my method
My method involves three main parts:
- A traditional chart pattern that is known to have favourable statistics (with stocks).
- Monitoring who’s buying and selling the stock in question or its options
- A dynamic yet low risk trading plan
To consistently achieve good numbers you need:
- A strategy that statistically puts the odds in your favour.
- Proper tools to get the job done quickly and with low risk.
I have both of these working for me, and so can you.
Follow this link to review the method and how you can make it work for you too.